Information on Resolution of the Sole Shareholder of KazAgroFinance JSC

010000 Astana, 51 Kenesary Street, VP-4.

Date, time and venue of meeting of the Management Board of Holding KazAgro JSC: January 20, 2016, meeting was held at the location of the Management Board of National Management Holding KazAgro JSC - Astana city, 24 Republic ave., at 6.30 pm.

Agenda item: On determination of remuneration size for Independent Directors of the Board of Directors of subsidiaries of Holding KazAgro JSC for 2016.

Adopted resolution on the agenda item:

In accordance with subparagraph 5) of paragraph 1 of Article 36 of the Law of the Republic of Kazakhstan "On Joint Stock Companies", paragraph 5 of Article 181 of the Law of the Republic of Kazakhstan "On State Property", subparagraph 7) of paragraph 153 of the Charter of Holding KazAgro JSC, subparagraph 9) of paragraph 17 of Charters of NC Food Contract Corporation JSC, Agrarian Credit Corporation JSC, KazAgroFinance JSC, Fund for Financial Support of Agriculture JSC, Kazagromarketing JSC, KazAgroProdukt JSC, subparagraph 7) of paragraph 19 of the Charter of KazAgroGarant JSC, the Management Board of Holding KazAgro JSC RESOLVED TO:

1. Determine the remuneration size for Independent Directors of subsidiaries of Holding KazAgro JSC for 2016 in the amount of KZT 75,000 (seventy five thousand) for participating in one meeting of the Board of Directors. The amount of remuneration is specified before taxes and other mandatory payments stipulated by the legislation of the Republic of Kazakhstan.

2. Define the following terms for payment of compensation to Independent Directors of subsidiaries of Holding KazAgro JSC:

1) compensation shall be paid in cash once a year to an extent proportional to the number of meetings of the Board of Directors, where the Independent Director has taken part;

2) in case of participation of the Independent Director in less than a half of all held meetings of the Board of Directors of KazAgro subsidiary in presentia and by correspondence, compensation shall not be paid, except in cases of absence of the Independent Director by reason of illness or leave.

3. Management Boards of subsidiaries of Holding KazAgro JSC shall take appropriate measures related to the implementation of this resolution.

4. The resolution of the Management Board of Holding KazAgro JSC shall be considered as the resolution of the Sole Shareholder of NC Food Contract Corporation JSC, Agrarian Credit Corporation JSC, KazAgroFinance JSC, Fund for Financial Support of Agriculture JSC, Kazagromarketing JSC, KazAgroProdukt JSC, KazAgroGarant JSC.

Voting results on the agenda item:

FOR – 4 votes (N.T. Malelov, A.S. Mukhammadiyeva, A.A. Khodzhanazarov, L.S.Mussina).

AGAINST – no votes.

ABSTAINED (special opinion) - no votes.

Resolution adopted by common consent.