Resolutions of 2018

In-present meeting of the Board of Directors of JSC NMC Tau-Ken Samruk was held on December 19,2018, within framework of which 16 issues of the agenda have been considered:

1.Approval of the alienation of 100% of the equity interest of JSC NMC Tau-Ken Samruk in the authorized capital of Shokpar – Gagarinskoye LLP in favor of Sinon Mining Corporation LLP.

2.On consideration of the Concept of rare metals and rare-earth elements industry development of JSC NMC Tau-Ken Samruk.

3.On approval of the Provision on the Management Board of JSC NMC Tau-Ken Samruk in new edition.

4.On approval of the Work Plan of the Board of Directors of JSC NMC Tau-Ken Samruk for 2019.

5.On introduction of amendments to the composition of the Committees of the Board of Directors of JSC NMC Tau-Ken Samruk.

6.On change of the composition of the Supervisory Board of Northern Katpar LLP.

7.On updating recommendations issued by the Internal Audit Service and external auditor during 2016-2018.

8.On approval of the conclusion of the Trust Management Contract by 30 001 (thirty thousand and one) ordinary shares in the authorized capital of Tin One Mining JSC under the project “Development of Syrymbet tin deposit in North-Kazakhstan region and the construction of the mining and metallurgical complex”.

9.On approval of the Plan for Continuity of Operations of JSC NMC Tau-Ken Samruk in new edition.

10.On approval of the consolidated risk appetite of JSC NMC Tau-Ken Samruk for 2019.

11.On approval of the Provision on the Audit Committee of the Board of Directors of JSC NMC Tau-Ken Samruk.

12.On approval of the Provision on the Nomination and Remuneration Committee of the Board of Directors of JSC NMC Tau-Ken Samruk in new edition.

13.On annulment of the Methodology of selection of the banks-counterparties and setting limits when placing idles in banks- counterparties of JSC NMC Tau-Ken Samruk.

14.On approval of the Information Policy of JSC NMC Tau-Ken Samruk in new edition.

15.On approval of the new edition of the Provision on the Internal Control System of JSC NMC Tau-Ken Samruk.

16.On consideration of the issue on issuance of the shares of JSC NMC Tau-Ken Samruk to fund the activity of ShalkiyaZinc LTD JSC.

On November 29, 2018 the Board of Directors of NMC TAU-Ken Samruk JSC held a face-to-face meeting, during which 17 issues of the meeting agenda were considered:

1.Consideration of the Report on the Business Plan implementation (Development Plan) of NMC TAU-Ken Samruk JSC on 2018-2022 for 9 months of 2018.

2.Consideration of the Business Plan (Development Plan) of NMC TAU-Ken Samruk JSC for 2019-2023.

3.On consideration of the issue of bonds of NMC TAU-Ken Samruk JSC.

4.On consideration of the issue of bonds of NMC TAU-Ken Samruk JSC for funding activities of “ShalkiyaZink LTD” JSC.

5.Onapproval of the SARECO LLP Charter in new edition.

6.On amendments to the Charter of LLP JV Alaigyr.

7.On approval of the schedule for the implementation of expectations of the Sole Shareholder of NMC TAU-Ken Samruk JSC for 2019.

8.On approval of the Investment Memorandum and extension of the contract for the exploration of copper, gold and associated components in the Spassk copper-ore zone in the Karaganda region №4188-ТПИ.

9.Report on the fulfillment of expectations of the Sole Shareholder of NMC TAU-Ken Samruk JSC for the 3rd quarter of 2018.

10.On consideration of information on transactions in which there is an interest.

11.Onapproval of Regulations on management of subsidiaries and affiliated organizations of “National Mining Company “Tau-Ken-Samruk” JSC in new edition.

12.On approval of the Report on the risks of NMC TAU-Ken Samruk JSC for the 3rd quarter of 2018.

13.On amendments and additions to the Charter of North Katpar LLP.

14.On appointment of the Director of Tau-Ken Altyn LLP.

15.On early termination of powers of the Board Member of NMC TAU-Ken Samruk JSC.

16.Onextension of powers of the Director of SiliconMining LLP.

17.On amendment and election of the Supervisory Boards of the Subsidiaries of NMC TAU-Ken Samruk JSC.

In-present meeting of the Board of Directors of JSC NMC Tau-Ken Samruk was held on 29 October, 2018, within the framework of which 18 issues on the agenda of the meeting were considered, among them:

1.Consideration of the Report on the implementation of the Business Plan (Development Plan) of JSC NMC Tau-Ken Samruk for 2018-2022 in the 1st half of 2018.

2.On approval of the list of assets of JSC NMC Tau-Ken Samruk which are subject to withdrawal from the structure of the group of Samruk – Kazyna JSC companies until 2028.

3.On determination of the position of JSC NMC Tau-Ken Samruk as the participant of Massalsky Mining and Processing Plant LLP concerning the activity relating to competence of General meeting of participants of Massalsky Mining and Processing Plant LLP.

4.On modification of the Charter of JV Tau-Ken Project LLP.

5.On consideration of the Report on execution of the Activity Plan for improvement of JSC NMC Tau-Ken Samruk system of corporate governance for 2018-2020 for the 3rd quarter of 2018.

6.On approval of alienation of 100% shares of JSC NMC Tau-Ken Samruk in the Charter capital of Tau-Ken Progress LLP in favor of ASIAGROUPKZ LLP.

7.On approval of the Road map for the implementation of the Development Strategy of JSC NMC Tau-Ken Samruk for 2018-2028.

8.Consideration of the Consolidated Report on monitoring the implementation of investment projects of JSC NMC Tau-Ken Samruk for 9 months of 2018.

9.On the Personnel policy of JSC NMC Tau-Ken Samruk in 2018-2028.

10.On approval of the Risk Register and Risk Map of JSC NMC Tau-Ken Samruk for 2018.

11.On approval of the Risk Report of JSC NMC Tau-Ken Samruk for 1-2 quarters of 2018.

12.Review of the report on the activities of the Internal Audit Service of JSC NMC Tau-Ken Samruk for the 2nd quarter of 2018.

13. Assessment of the activities of the Internal Audit Service of JSC NMC Tau-Ken Samruk and its Director for the 2nd quarter of 2018.

14.Review of the Report on the activities of the Internal Audit Service of JSC NMC Tau-Ken Samruk for the 3rd quarter of 2018.

15.Assessment of the activities of the Internal Audit Service of JSC NMC Tau-Ken Samruk and its Director for the 3rd quarter of 2018.

16.Consideration of the Report on the activities of the Compliance officer of JSC NMC Tau-Ken Samruk for the 3rd quarter of 2018.

Speaker: Arslanova Zarina Fuatovna – Senior Independent Director, Chairman of the Audit Committee of the Board of Directors of JSC NMC Tau-Ken Samruk.

17.Consideration of the Report on the activities of the Corporate Secretary of JSC NMC Tau-Ken Samruk for the 2nd quarter of 2018.

18. On the Director of Tau-Ken Altyn LLP.

In-present meeting of the Board of Director of JSC NMC Tau-Ken Samruk was held on September 28, 2018, in the framework of which 4 issues on the agenda of the meeting were considered, including:

1.On appointment of Kudaibergen K. to the position of the Chief Executive Officer of JSC NMC Tau-Ken Samruk.

2.On approval of the procurement of 100% interest in the authorized capital of SARECO LLP by JSC NMC Tau-Ken Samruk.

3.On approval of the Investment Memorandum on “Industrial development of polymetallic ores at Shalkiya deposit in the Kyzylorda region with the construction of an enrichment plant” project in new edition.

4.On hypothecation of movable property and land use rights to three land plots owned by LLP JV Alaigyr to the Eurasian Development Bank in accordance with Loan Agreement No. 819 dated December 30, 2016.

In-present meeting of the Board of Director of JSC NMC Tau-Ken Samruk was held on September 04, 2018, within framework of which 13 issues of the meeting agenda were considered, including:

1.On approval of the list and methodology for calculation of the key performance indicators of JSC NMC Tau-Ken Samruk activity for 2018-2028.

2.On actualization of the Development Strategy of of the Joint-Stock Company National Mining Company Tau-Ken Samruk.

3.On approval of the Charter of ShalkiyaZinc LTD JSC in new edition.

4.On determination of the quantitative composition, term of office of the Board of Directors of ShalkiyaZinc LTD JSC, election of the Chairman of the Board of Directors and its members.

5.On the transfer of subsoil use right under the contract for the extraction of groundwater in the Vostochny section (wells No.301, 311, 331, 228) of the Alaigyr deposit in the Karaganda region into the authorized capital of LLP JV Alaigyr.

6.On determination of the position of JSC NMC Tau-Ken Samruk as the participant of Kazzing Holdings LLP on the issues related to the competence of the general meeting of the participants Kazzing Holdings LLP.

7.On approval of the extension of the Trust Management Agreement between Kazzing Holdings LLP and Logic Business LLP, Logic Invest Capital LLP, DANA Investment House LLP, concluded on October 2, 2014.

8.On approval of the Action Plan for reaching the designed capacity of the refinery of Tau-Ken Altyn LLP.

9.On approval of the Regulations on the Compliance Officer of JSC NGK Tau-Ken Samruk.

10.On consideration of the Report on the fulfillment of expectations of JSC NMC Tau-Ken Samruk Sole Shareholder for the Q2 2018.

11.Consideration of the Consolidated Report on monitoring the implementation of JSC NMC Tau-Ken Samruk investment projects for H1 2018.

12.Consideration of the Report on Transparency and Efficiency of the Information Disclosure Processes in JSC NMC Tau-Ken Samruk for H1 2018.

13.On implementation of amendments to the composition of Committees of the Board of Directors of JSC NMC Tau-Ken Samruk.

In-present meeting of the Board of Directors of JSC NMC Tau-Ken Samruk was held on 28 June, 2018, within the framework of which 21 issues on the agenda of the meeting were considered, among them:

1.Approval of the Consolidated Annual Report of the Joint Stock Company National Mining Company Tau-Ken Samruk for 2017.

2.On some issues of LLP JV Alaigyr.

3.On approval of the Charter of Silicon Mining LLP, Tau-Ken Altyn LLP, Tau-Ken Temir LLP in new edition.

4.On determining the position of JSC NMC Tau-Ken Samruk as a participant of Masalsky Mining and Processing Plant LLP on matters related to the competence of the general meeting of participants of Masalsky Mining and Processing Plant LLP.

5.Early termination of the Contracts “Exploration of copper, lead, barite in Tuyuk-Temirlik ore district in Almaty oblast #4196-TPI dated March 27, 2013 and “Extraction of barite-polymetallic ores and silver at Tuyuk field in Almaty region #4796- TPI dated March 4, 2016.

6.On approval of the overall number and organizational structure of JSC NMC Tau-Ken Samruk.

7.On approval of the descriptions of the positions of CEO-1 level of JSC NMC Tau-Ken Samruk, position assessment (grades) and official salary chart for Members of the Management Board of JSC NMC Tau-Ken Samruk.

8.On quantitative composition of the Management Board of JSC NMC Tau-Ken Samrukand re-electionof Members of the Management Board of JSC NMC Tau-Ken Samruk.

9.On approval of the motivational indicators of activity for Members of the Management Board of JSC NMC Tau-Ken Samruk for 2018 and their target values for 2018.

10.On approval of the position assessment (grades) and official salary chart for Compliance Officer of JSC NMC Tau-Ken Samruk.

11.On consideration of the candidate for the position of the Compliance Officer of JSC NMC Tau-Ken Samruk.

12.On some issues of Tau-Ken Temir LLP.

13.On re-election of the Executive Body of Logic Business LLP, Logic Invest Capital LLP, DANA Investment House LLP.

14.On amending and changing the compositions of the Supervisory Boards of subsidiaries of JSC NMC Tau-Ken Samruk (Tau-Ken Altyn LLP, Tau-Ken Temir LLP, Silicon Mining LLP, LLP JV Alaigyr, Severny Katpar LLP)

15.On pledging real estate owned by LLP JV Alaigyr in compliance with Loan Agreement #819 dated December 30, 2016.

16.On approval of the Risk Report of JSC NMC Tau-Ken Samrukfor 3rd quarter of 2017.

17.On approval of the Risk Report of JSC NMC Tau-Ken Samrukfor 2017

18.On approval of the additional limits on bank-counterparts.

19.On approval of the Action Plan for Modernization of the Corporate Management System of JSC NMC Tau-Ken Samruk for 2018-2020.

20.Consideration of the Report on implementation of the Middle-term Budget of Tau-Ken Altyn LLP for 5 months of 2018.

21.Ongiving consent to the taking position of the Member of the Board of Directors of JSC NAC Kazatomprom as a representative of interests of Samruk-Kazyna JSC by the Member of the Management Board of JSC NMC Tau-Ken Samruk Kudaibergen K.

In-present meeting of the Board of Directors of JSC NMC Tau-Ken Samruk was held on June 06, 2018, within the framework of which 12 issues on the agenda of the meeting were considered, among them:

1.On amending the composition of the Management Board JSC NMC Tau-Ken Samruk.

2.On determination of the quantitative composition, term of officeof the Board of Directorsof ShalkiyaZunc LTD JSC, election of the Chairman of the Board of Directorsand its members.

3.Ondetermination of the position of JSC NMC Tau-Ken Samruk as the participant of Kazzinc Holdings LLP on issues of the activities referred to the competence of the general meeting of the participants of Kazzinc Holdings LLP.

4.Consideration Report on implementationof the Business Plan (Development Plan) of JSC NMC Tau-Ken Samruk for 2018-2022 for Q1 of 2018.

5.On amending the Charter of Shokpar – Gagarinskoye LLP.

6.Consideration of the Consolidated Report on monitoring the investment projects implementation of JSC NMC Tau-Ken Samruk for Q1 of 2018.

7.Consideration of the candidates for the vacant position of the Senior Auditor of the Internal Audit Service of JSC NMC Tau-Ken Samruk.

8.Assessment of the activity of the Internal Audit Service of JSC NMC Tau-Ken Samrukand its CEO for 2017.

9.Consideration of the Report on activity of the Internal Audit Service of JSC NMC Tau-Ken Samruk for Q1 2018.

10.On status of the implementing project “Preparatory works and launching the plant for production of metallurgic silicon in Karaganda oblast”.

11.Assessment of the activity of the members of the Management Board of JSC NMC Tau-Ken Samruk for 2017 based on KPI implementing.

12.On consideration of the long-term expectations of the Sole Shareholder of JSC NMC Tau-Ken Samruk for 2018-2028 of JSC NMC Tau-Ken Samruk.

In-absentia meeting of the Board of Directors of JSC NMC Tau-Ken Samruk was held on May 22, 2018, within the framework of which 12 issues on the agenda of the meeting were considered, among them:

1.Consideration of the Annual Report of the Board of Directors of JSC NMC Tau-Ken Samruk for 2017.

2.On approval of the Regulations on assessment of the activityof the Board of Directorsand its Committees , Chairman, members of the Board of Directorsand Corporate Secretary of JSC NMC Tau-Ken Samruk.

3.On consideration of the Report on implementation of the Action Plan for the implementation of the Corporate Governance Code of JSC NMC Tau-Ken Samruk for 2016-2018 for 2017.

4.On consideration of the Report on implementation of the Action Plan for the implementation of the Corporate Governance Code of JSC NMC Tau-Ken Samruk for 2016-2018 for Q1 2018.

5.Consideration of the Report on transparency and effectiveness of information disclosure processes of JSC NMC Tau-Ken Samruk for Q2 of 2017.

6.On consideration of the Report on implementation of expectations of the Sole Shareholder of JSC NMC Tau-Ken Samruk for 2017.

7.Consideration of the Report on implementation of expectations of the Sole Shareholder of JSC NMC Tau-Ken Samruk for Q1 of 2018.

8.On approval of additional limits on banks-counterparties.

9.Consideration of the Consolidated Report on monitoring the investment projects implementation of JSC NMC Tau-Ken Samruk for 12 months of 2017.

10.Consideration of the draft adjustments of the Annual budget for 2018 and Middle-term budget for 2018-2022 of Masalsky MPP LLP.

11.On consideration of the Report on compliance / non-compliance with the principles and provisions provided for by the Corporate Governance Code of JSC NMC Tau-Ken Samruk for 2017.

12.Consideration of the Report on activityof the Corporate Secretary of JSC NMC Tau-Ken Samruk for Q1 2018.

In-present meeting of the Board of Directors of JSC NMC Tau-Ken Samruk was held on May 03, 2018, within the framework of which 12 issues on the agenda of the meeting were considered, among them:

1.On election of the Senior Independent Director of JSC NMC Tau-Ken Samruk.

2.Consideration of the Report on implementation of the Business Plan (Development Plan) of JSC NMC Tau-Ken Samruk for 2017-2021 for 2017.

3.Preliminary approval of the annual financial reporting of JSC NMC Tau-Ken Samruk for 2017 and its submission for consideration and approval by the Sole Shareholder, as well as the procedure for distributing net income for 2017 and amount of dividend to the Sole Shareholder per one common share.

4.On adjusting the Charter of Severny Katpar LLP.

5.On appointment of the Ombudsman of JSC NMC Tau-Ken Samruk.

6.Consideration of the Report on activity of the Internal Audit Service of JSC NMC Tau-Ken Samruk for Q4 of 2017.

7.Assessment of the activity of the Internal Audit Service of JSC NMC Tau-Ken Samruk and its CEO for Q4 of 2017.

8.Consideration of the Report on activity of the Internal Audit Service of JSC NMC Tau-Ken Samruk for 2017.

9.Consideration of key performance indicators of the Internal Audit Service of JSC NMC Tau-Ken Samruk and its CEO for 2018.

10.Consideration of the Annual Audit Plan of the Internal Audit Service of JSC NMC Tau-Ken Samruk for 2018.

11.On consideration of the Budget of the Internal Audit Service of JSC NMC Tau-Ken Samruk for 2018.

12.On pledging real estate owned by LLP JV Alaigyr in compliance with Loan Agreement #819 dated December 30, 2016.

In-present meeting of the Board of Directors of JSC NMC Tau-Ken Samruk was held on April 23, 2018, within the framework of which 2 issues on the agenda of the meeting were considered, among them:

1.On determination of the quantitative composition, term of office of the Management Board of JSC NMC Tau-Ken Samruk, election of its CEO and members.

2.On election of the member of the Committees of the Board of Directors of JSC NMC Tau-Ken Samruk.

In-present meeting of the Board of Directors of JSC NMC Tau-Ken Samruk was held on January 29, 2018, within the framework of which 8 issues on the agenda of the meeting were considered, among them:

1. Consideration of the information on transactions in settlement of which the Company has an interest.

2. Extension of the Contracts for the exploration of auriferous ores at Gagarin deposit in Zhambyl region dated December 27, 2013 No. 4323-TPI and for the exploration of auriferous ores at Shokpar deposit in Zhambyl region dated January 14, 2014 No. 4333-TPI.

3. Introduction of amendments to the Charter of “Shokpar-Gagarin” LLP.

4. Approval of the main parameters of the portfolio of “NMC “Tau-Ken Samruk” JSC in a new version.

5. Consideration of the Report on the activities of the Corporate Secretary of “NMC “Tau-Ken Samruk” JSC for the 4th quarter of 2017.

6. Approval of the labor remuneration and bonuses awarding to the employees regulations of “National Mining Company “Tau-Ken Samruk” JSC in a new version.

7. Election of the executive body of “Logic Business” LLP, “Logic Invest Capital” LLP, “DANA” Investment House” LLP

8. The Chief Director on the management of operating assets of “Tau-Ken Samruk” JSC.