Corporate events

Information about the decisions taken by the Board of Directors, to the list of issues for which information in accordance with the internal documents of the joint shall be communicated to shareholders and investors

Information on the resolutions adopted by the General Meeting of Shareholders of the joint stock company

Name of the joint stock company body adopted the resolution: Board of National Managing Holding ‘KazAgro’ JSC - Resolution of the Sole Shareholder of KazAgroFinance JSC

Date of the General Meeting of Shareholders of the joint stock company: September 08, 2017

Place of the General Meeting of Shareholders of the joint stock company: the meeting was held at the location of the Board of National Managing Holding ‘KazAgro’ JSC - Astana city, 24, Republic Ave.

Issues of the agenda of the General Meeting of Shareholders of the joint stock company: On determination of the remuneration rate, its payment procedure and reimbursement of the expenses of the independent directors of the joint stock companies of Holding ‘KazAgro’ JSC.

Resolutions adopted by the General Meeting of Shareholders of the joint stock company stating the results of voting: Pursuant to sub-paragraph 5) paragraph 1 Article 36 of the Law of the Republic of Kazakhstan ‘On State Property’ and sub-paragraph 7) paragraph 153 of the Charter of Holding ‘KazAgro’ JSC, sub-paragraph 8) paragraph 16 of the Charters of National Company ‘Food Corporation’ JSC, Agrarian Credit Corporation JSC, KazAgroFinance JSC, Fund for Financial Support of Agriculture JSC, KazAgroProduct JSC, sub-paragraph 6) paragraph 18 of the Charter of KazAgroGarant JSC, the Board RESOLVED:

1. To determine the remuneration rates for the independent directors of the joint stock companies of Holding ‘KazAgro’ JSC with the following limits since 01.01.2018:

- quarterly fixed remuneration for participation in the meeting in presentia of the Board of Directors equal to KZT100 thous. per one meeting;

- quarterly fixed remuneration for participation in the meeting in absentia of the Board of Directors equal to KZT50 thous. per one meeting;

- additional remuneration for chairmanship in each meeting of the Committee of the Board of Directors equal to KZT60 thous. per one meeting;

- additional remuneration for participation in each meeting of the Committee of the Board of Directors equal to KZT50 thous. per one meeting;

The remuneration amount is stated before taxes and other obligatory payments stipulated by the law of the Republic of Kazakhstan.

2. Starting 01.01.2018 to provide for the reimbursement of the expenses incurred by the independent directors of the joint stock companies of Holding ‘KazAgro’ JSC within the cost recovery factor the Chairman of the Board of the respective subsidiary joint stock company of Holding ‘KazAgro’ JSC (in the territory of the Republic of Kazakhstan). To pay the remuneration and reimburse the expenses within the funds budgeted of SJSC of Holding ‘KazAgro’ JSC. The remuneration shall not be paid, if the independent director participates in less than a half of all meetings in presentia and absentia held of the Board of Directors of SJSC of Holding ‘KazAgro’ JSC in the accounting period (quarter).

3. SJSC of Holding ‘KazAgro’ JSC shall provide for the above limits of remuneration and reimbursement of expenses for the independent directors of SJSC of Holding ‘KazAgro’ JSC in the 2018 budgets.

4. The Boards of the joint stock companies of Holding ‘KazAgro’ JSC shall take measures resulting form this Resolution.

5. This Resolution of the Board of Holding ‘KazAgro’ JSC shall be considered to be the resolution of the Sole Shareholder: KazAgroFinance JSC, Agrarian Credit Corporation JSC, National Company ‘Food Contract Corporation’, Fund for Financial Support of Agriculture, KazAgroProduct, KazAgroGarant.

Results of the voting on the sixth issue of the agenda: FOR – 45 votes. AGAINST – no. ABSTAINED – (special opinion) - no.

 Voting results: Resolution was adopted unanimously.

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