Corporate events and decisions

On approval of the annual financial statements of Industrial Development Fund JSC for the year ended December 31, 2023, on appeals of the Sole shareholder of Industrial Development Fund JSC to the actions of Industrial Development Fund JSC and its officials in 2023, on the amount and composition of remuneration of members of the Board of Directors and the Management Board of Industrial Development Fund JSC paid in 2023

1. To approve the annual financial statements of the Industrial Development Fund joint-stock company for the year ended December 31, 2023, in accordance with Appendix No. 4 to this protocol.
2. Take note of the information on the absence in 2023 of appeals of the Sole Shareholder of the Industrial Development Fund JSC against the actions of the Industrial Development Fund JSC and its officials.
3. Take note of the information on the amount and composition of remuneration of members of the Board of Directors and the Board of Industrial Development Fund JSC for 2023, in accordance with Appendix No. 5 to this protocol.
4. The Management Board of Industrial Development Fund JSC shall take the necessary measures arising from this decision.
5. This decision is the decision of the Sole Shareholder of Industrial Development Fund JSC.

On approval of procedure for distribution of net income of Industrial Development Fund JSC for 2023, decision on payment of dividends on common shares and approval of amount of dividend per one common share of Industrial Development Fund JSC

1. Approve the following procedure for the distribution of net income of the Industrial Development Fund Joint-Stock Company (located in the Republic of Kazakhstan, Z05T3E2, Astana, Esil district, Mangilik El avenue, building 55 A, n.p. 15; BIN - 050940001237; details: IBAN KZ546010111000166106 in Halyk Bank of Kazakhstan Joint Stock Company, Astana, BIC HSBKKZKX) in the amount of 23 567 494 468,76  (twenty-three billion five hundred and sixty-seven million four hundred and ninety-four thousand four hundred and sixty-eight tenge 76 tiyn, obtained according to the results of activities for 2023.
2. The amount in the amount of 23 567 494 468,76 (twenty-three billion five hundred and sixty-seven million four hundred and ninety-four thousand four hundred and sixty-eight) tenge 76 tiyn should be directed to the payment of dividends to the only shareholder of the Industrial Development Fund joint-stock company.
3. To approve the amount of dividend per one common share of Industrial Development Fund joint-stock company in the amount of KZT 18,794,90 (eighteen thousand seven hundred ninety-four) 90 tiyn for the 2023 year.
4. Approve the following procedure for dividend payment:
5. the start date of payment of dividends for 2023 - from the date of the decision, and no later than June 13, 2024;
6. Dividends shall be paid cashless by transferring to the bank account of the sole shareholder of the Industrial Development Fund joint-stock company specified in the system of shareholders of the Industrial Development Fund joint-stock company.
7. This decision is the decision of the sole shareholder of the Industrial Development Fund joint-stock company.

On the Determination of the Audit Organization for the Audit of the Financial Statements of Industrial Development Fund JSC for the period of 2024-2026

1. Identify KPMG Audit Limited Liability Partnership as the audit organisation performing the audit of the financial statements of Industrial Development Fund Joint-Stock Company for the period of 2024-2026.
2. The present decision is the decision of the Sole Shareholder of Industrial Development Fund Joint Stock Company.

On Certain Issues of the Board of Directors of Industrial Development Fund JSC

1. To determine the number of members of the Board of Directors of the Industrial Development Fund Joint Stock Company – 6 (six) members.
2. Determine the term of office of the Board of Directors of the Industrial Development Fund Joint Stock Company – 3 (three) years from June 4, 2024.
3. To elect the following members to the Board of Directors of the Industrial Development Fund Joint Stock Company for a term until the expiration of the Board of Directors’ term of office:
4. Marat Yelibayev as a representative of the sole shareholder;
5. Rinat Gapparov as the Chairman of the Management Board of the Industrial Development Fund Joint Stock Company;
6. Bakhytzhan Omarov as a representative of the sole shareholder;
7. Aigul Jaylaubekova as an independent director;
8. Yerkanat Makanov as an independent director;
9. Dauren Turysbekov as an independent director.
10. To recommend to the Board of Directors of the Industrial Development Fund Joint Stock Company to elect Marat Yelibayev as the Chairman of the Board of Directors of the Industrial Development Fund Joint Stock Company.
11. Determine the amount of remuneration for independent directors of the Industrial Development Fund Joint Stock Company – A. Jaylaubekova, Y. Makanov, and D. Turysbekov – in accordance with Annex No. 1 to this decision.
12. To the Chairman of the Management Board of the Industrial Development Fund Joint Stock Company, to sign contracts with the independent directors A. Jaylaubekova, Y. Makanov, and D. Turysbekov.
13. To the Chairman of the Management Board of the Industrial Development Fund Joint Stock Company, to take the necessary measures to implement this decision.
14. This decision shall constitute the decision of the sole shareholder of the Industrial Development Fund Joint Stock Company.

On the election of a member of the Board of Directors of the Joint-Stock Company Industrial Development Fund
1. To elect Yelibayev Marat Talgatovich as a member of the Board of Directors of the Industrial Development Fund joint-stock company as a representative of the sole shareholder from January 27, 2023 with a term of office until the expiration of the term of office of the Board of Directors of the Industrial Development Fund joint-stock company as a whole.
2. This decision is the decision of the sole shareholder of the Industrial Development Fund joint-stock company.

On increasing the number of announced shares of JSC "Industrial Development Fund"
1. To increase the number of declared ordinary shares of the Industrial Development Fund Joint Stock Company, a subsidiary of the Development Bank of Kazakhstan Joint Stock Company, by 236,430 (two hundred thirty-six thousand four hundred thirty) ordinary shares
2. The Board of the Joint-Stock Company "Fund for Industrial Development" to take all necessary measures arising from this decision.
3. This decision is the decision of the Sole Shareholder of the Industrial Development Fund Joint Stock Company.

On approval of the annual financial statements of the Industrial Development Fund JSC for the year ended December 31, 2022, on the appeals of the Sole Shareholder of the Industrial Development Fund JSC on the actions of the Industrial Development Fund JSC and its officials in 2022, on the amount and as part of the remuneration of members of the Board of Directors and the Management Board of Industrial Development Fund JSC, paid in 2022
1. Approve the annual financial statements of the Industrial Development Fund JSC for the year ended December 31, 2022, in accordance with Appendix No. 4 to this protocol.
2. Take note of the information about the absence in 2022 of the Sole Shareholder of Industrial Development Fund JSC regarding the actions of Industrial Development Fund JSC and its officials.
3. Take note of the information on the amount and composition of the remuneration of the members of the Board of Directors and the Management Board of JSC "Industrial Development Fund" for 2022, in accordance with Appendix No. 5 to this Minutes.
4. The Board of JSC "Industrial Development Fund" to take the necessary measures arising from this decision.
5. This decision is the decision of the Sole Shareholder of the Industrial Development Fund JSC.

On approval of the procedure for distributing net income of Industrial Development Fund JSC for 2022, on making a decision on the payment of dividends on ordinary shares and on approving the amount of dividend per one ordinary share of Industrial Development Fund JSC
1. Approve the following procedure for the distribution of net income of the Industrial Development Fund JSC (location: Republic of Kazakhstan, Z05T3E2, Astana city, Yesil district, Mangilik El Avenue, building 55 A, settlement 15; BIN - 050940001237, details: IBAN KZ546010111000166106 in Halyk Bank of Kazakhstan JSC, Astana BIC HSBKKZKX)
Confidentially
2. Confidential
3. Approve the following procedure for payment of dividends:
the date of commencement of payment of dividends for 2022 - from the date following the date of adoption of this decision, but no later than June 28, 2023;
to pay dividends in cash by non-cash transfer to the bank account of the sole shareholder of the Industrial Development Fund joint-stock company, specified in the system of the register of shareholders of the Industrial Development Fund joint-stock company.
4. The Board of the Joint-Stock Company "Fund for Industrial Development" to take all necessary measures arising from this decision.
5. This decision is the decision of the Sole Shareholder of the Industrial Development Fund Joint Stock Company.

On approval of the annual report of the Industrial Development Fund JSC for 2022
1. Approve the annual report of the Industrial Development Fund joint-stock company for 2022, in accordance with Appendix No. 1 to this protocol. 
2. This decision is the decision of the sole shareholder of the Industrial Development Fund joint-stock company. 
3. The Board of the Industrial Development Fund joint-stock company to take the necessary measures arising from this decision.

On some issues of the management and board of directors of the Industrial Development Fund joint stock company
1. Elect Rinat Eduardovich Gapparov as chairman of the board of the Industrial Development Fund joint stock company from October 13, 2023, with a term of office until the expiration of the term of office of the board of the joint stock company Industrial Development Fund as a whole.
2. Elect Rinat Eduardovich Gapparov as a member of the board of directors of the Industrial Development Fund joint stock company from October 13, 2023, with a term of office until the expiration of the term of office of the board of directors of the Industrial Development Fund joint stock company as a whole.
3. The board of the Industrial Development Fund joint stock company should take measures to bring to the meeting of the board of directors of the Industrial Development Fund joint stock company the issue of determining the amount of the official salary and terms of remuneration and bonuses for the chairman of the board of the Industrial Development Fund joint stock company.
4. This decision is the decision of the sole shareholder of the Industrial Development Fund joint stock company.

On some issues of the board of directors of the joint stock company "Industrial Development Fund"
1. Introduce into the decision of the board of directors of the Development Bank of Kazakhstan joint-stock company dated February 28, 2022 (Minutes No. 282-2022-03) on the ninth issue of the agenda “On early termination of powers of members of the board of directors, determination of the quantitative composition, election of members of the board of directors and determining the term of office of members of the board of directors of Industrial Development Fund JSC, the following change:
in paragraph 2, replace the number and the word “6 (six)” with the number and the word “7 (seven)”.
2. To elect Erkanat Kazkenovich Makanov, with a term of office until the expiration of the term of office of the board of directors of the joint stock company “Industrial Development Fund” as a whole, as an independent director - a member of the board of directors of the joint stock company “Industrial Development Fund”.
3. Confidential.
4. Confidential.
5. To invalidate Appendix No. 6 to the decision of the board of directors of the Development Bank of Kazakhstan joint-stock company dated May 24, 2021 (Minutes No. 260-2021-09) on the fifth issue of the agenda “On determining the quantitative composition, term of office and election of board members directors of the Industrial Development Fund JSC, as well as determining the amount and terms of payment of remuneration to members of the board of directors of the Industrial Development Fund joint-stock company.
6. Clauses 2 and 3 of this decision come into force from the date of the withdrawal of the joint stock company “Industrial Development Fund” from the membership of the ALE “Union of Mechanical Engineers of Kazakhstan”.
7. The Chairman of the Board of the Industrial Development Fund joint-stock company to take the measures necessary to implement this decision.
8. This decision is the decision of the sole shareholder of the joint stock company “Industrial Development Fund” and comes into force from the date of adoption, with the exception of paragraph 6 of this decision.

On some issues of the board of directors of the joint stock company "Industrial Development Fund"
1) Determine the composition of the board of directors of the joint stock company “Industrial Development Fund” in the amount of 6 (six) people.
2) Terminate early the powers of members of the board of directors of the joint stock company “Industrial Development Fund” Kanat Bisimbaevich Sharlapaev and Nurlan Serikovich Baybazarov from November 24, 2023.
3) Elect Bakhytzhan Baydildaevich Omarov as a member of the board of directors of the joint stock company Industrial Development Fund as a representative of the sole shareholder from November 24, 2023, with a term of office until the expiration of the term of office of the board of directors of the joint stock company Industrial Development Fund as a whole.
4) To recommend to the board of directors of the joint stock company “Industrial Development Fund” to appoint Marat Talgatovich Elibaev as chairman of the board of directors of the joint stock company “Industrial Development Fund”.
5) This decision is the decision of the sole shareholder of the joint stock company “Industrial Development Fund” and comes into force from the date of adoption.
6) The Chairman of the Board of the Industrial Development Fund joint-stock company to take the measures necessary to implement this decision.

On the definition of an audit organization that audits JSC "Industrial Development Fund" for 2022-2023.
1. Determine KPMG Audit LLP (BIN 930840000232, location: 050051, Republic of Kazakhstan, Almaty, Dostyk Avenue, 180) as an audit organization that audits Industrial Development Fund JSC for 2022-2023.
2. This decision is the decision of the Sole Shareholder of the Industrial Development Fund JSC.

On the early termination of the powers of a member of the Board of Directors and the election of a new member of the Board of Directors of Industrial Development Fund JSC
1. To terminate ahead of schedule the powers of Izbastin Kanysh Temirtaevich, a member of the Board of Directors of the Industrial Development Fund JSC, from January 14, 2022.
2. The Board of Development Bank of Kazakhstan JSC shall submit the issue of electing a new member of the Board of Directors of Industrial Development Fund JSC, taking into account the recommendations of Baiterek NMH JSC, for consideration at the next in-person meeting of the Board of Directors of Development Bank of Kazakhstan JSC.
3. This decision is the decision of the sole shareholder of the Industrial Development Fund JSC and comes into force from the date of its adoption.

"On early termination of powers of members of the Board of Directors, determination of the quantitative composition, election of members of the Board of Directors and determination of the term of office of members of the Board of Directors of Industrial Development Fund JSC"
1. The powers of the members of the Board of Directors of the Industrial Development Fund JSC Sharipov Aset Bolatovich and Izbaskhanov Kylyshbek Satylganovich were terminated ahead of schedule.
2. The composition of the Board of Directors of the Industrial Development Fund JSC was determined in the amount of 6 (six) people.
3. Elected as a member of the Board of Directors of Industrial Development Fund JSC Sharlapaev Kanat Bisimbaevich from February 28, 2022, with a term of office until the expiration of the term of office of the Board of Directors of Industrial Development Fund JSC as a whole.
4. Elected as a member of the Board of Directors of Industrial Development Fund JSC Iskakov Ruslan Viktorovich as a representative of the sole shareholder, from February 28, 2022, with a term of office until the expiration of the term of office of the Board of Directors of Industrial Development Fund JSC as a whole.
5. It was recommended to the members of the Board of Directors of the Industrial Development Fund JSC to elect Kanat Bisimbayevich Sharlapaev as the Chairman of the Board of Directors of the Industrial Development Fund JSC.
6. This decision is the decision of the sole shareholder of the Industrial Development Fund JSC and comes into force from the date of its adoption.

On giving a direct instruction to the Industrial Development Fund JSC on the mandatory approval of proposals/initiatives in the state projects being developed (national projects, road maps) and bills and referrals to the relevant state bodies.
1. Strategic, legislative and other initiatives in state programs (national projects, road maps), bills, as well as by-laws on the alienation of fifty or more percent of shares (participatory interests) of legal entities directly or indirectly owned by Baiterek NMH JSC, sent by JSC "Industrial Development Fund" to state bodies must be coordinated with JSC "NMH "Baiterek" through JSC "Development Bank of Kazakhstan" in order to avoid conflicts with the proposals/interests of the group of companies of JSC "NMH" Baiterek "or individual subsidiaries.
2. Chairman of the Board of JSC "Industrial Development Fund" (Baibazarov N.S.) is responsible for the implementation of paragraph 1 of this decision.
3. This decision is the decision of the sole shareholder of the Industrial Development Fund JSC.

On approval of the annual financial statements of the Industrial Development Fund JSC for the year ended December 31, 2021, on the appeals of the Sole Shareholder of Industrial Development Fund JSC on the actions of Industrial Development Fund JSC and its officials in 2021, on the amount and as part of the remuneration of members of the Board of Directors and the Management Board of JSC Industrial Development Fund, paid in 2021
1. Approve the annual financial statements of the Industrial Development Fund JSC for the year ended December 31, 2021, in accordance with Appendix No. 6 to this protocol.
2. Take note of the information about the absence in 2021 of the Sole Shareholder of Industrial Development Fund JSC regarding the actions of Industrial Development Fund JSC and its officials.
3. Take note of the information on the amount and composition of the remuneration of the members of the Board of Directors and the Management Board of the Industrial Development Fund JSC for 2021, in accordance with Appendix No. 7 to this Minutes.
4. The Board of JSC "Industrial Development Fund" to take the necessary measures arising from this decision.
5. This decision is the decision of the Sole Shareholder of the Industrial Development Fund JSC.

On approval of the procedure for distributing net income of Industrial Development Fund JSC for 2021, on making a decision on non-payment of dividends on ordinary shares for 2021 and on instructing the Management Board of Industrial Development Fund JSC
1. Approve the procedure for distributing net income of Industrial Development Fund JSC for 2021 and paying dividends on ordinary shares of Industrial Development Fund JSC for 2021, on the following terms:
1) distribution of the net income received for 2021 in the amount of 8,200,212,326 (eight billion two hundred million two hundred twelve thousand three hundred twenty-six) tenge 47 tiyn shall not be produced and left at the disposal of the Industrial Development Fund JSC;
2) not to pay dividends on ordinary shares of the Industrial Development Fund JSC for 2021;
3) resubmit for consideration by the sole shareholder of Industrial Development Fund JSC the issue of distributing net income of Industrial Development Fund JSC and paying dividends based on the results of 2021 after completion of measures to increase the authorized capital of Industrial Development Fund JSC.
2. This decision is the decision of the sole shareholder of the Industrial Development Fund JSC.

On amendments to the Charter of JSC "Industrial Development Fund"
1. Amend the Articles of Association of JSC "Industrial Development Fund", approved by the decision of the sole shareholder of JSC "Industrial Development Fund" dated September 21, 2020 (Protocol No. 243-2020-14), in accordance with Annex No. 1 to this protocol.
2. JSC "Industrial Development Fund", until June 30, 2022, to carry out work on updating the charter of JSC "Industrial Development Fund", approved by the decision of the sole shareholder of JSC "Industrial Development Fund" dated September 21, 2020 (Protocol No. 243-2020-14), in order to bring it in line with the distribution of competencies between the bodies of legal entities, more than fifty percent of the shares of which are directly owned by JSC "NUH "Baiterek" on the right of ownership or trust management in the new edition, approved by the decision of the Board of JSC "NUH "Baiterek" dated March 9, 2021 (Protocol No. 12/21).
3. To grant the Chairman of the Board of JSC "Industrial Development Fund" N.S. Baybazarov the right to sign amendments to the charter of JSC "Industrial Development Fund", approved by the decision of the sole shareholder of JSC "Industrial Development Fund" from September 21, 2020 (Protocol No. 243-2020-14).
4. To the Chairman of the Board of JSC "Industrial Development Fund" N.S. Baybazarov to take the necessary measures arising from this decision.
5. This decision is the decision of the sole shareholder of JSC "Industrial Development Fund".

On approval of the annual report of JSC "Industrial Development Fund" for 2021:
1. To approve the annual report of the joint stock company "Industrial Development Fund" for 2021, according to Appendix No. 3 to this decision.
2. This decision is the decision of the sole shareholder of the joint stock company "Industrial Development Fund".
3. The Management Board of the Joint Stock Company "Industrial Development Fund" to take the necessary measures arising from this decision.

"On Amendments to the Charter of the Joint-Stock Company "Industrial Development Fund"
1. Amend the charter of the Industrial Development Fund joint-stock company, approved by the decision of the sole shareholder of the Industrial Development Fund joint-stock company dated September 21, 2020 (Minutes No. 243-2020-14), in accordance with Appendix No. 15 to this Protocol.
2. To grant the Chairman of the Board of the Industrial Development Fund Joint-Stock Company Baibazarov Nurlan Serikovich the right to sign amendments to the Charter of the Industrial Development Fund Joint-Stock Company, approved by the decision of the sole shareholder of the Industrial Development Fund Joint-Stock Company dated September 21, 2020 (Minutes No. 243- 2020-14).
3. Nurlan Serikovich Baibazarov, Chairman of the Board of the Industrial Development Fund Joint-Stock Company, to take the necessary measures arising from this decision.
4. This decision is the decision of the sole shareholder of the Industrial Development Fund joint-stock company and comes into force on June 30, 2022.

"On the election of the Chairman of the Board of the Joint-Stock Company "Industrial Development Fund"
1. To elect Baybazarov Nurlan Serikovich as Chairman of the Management Board of the Joint-Stock company "Industrial Development Fund" from October 4, 2022 with a term of office until the expiration of the term of office of the Management Board of the joint-Stock company "Industrial Development Fund" as a whole.
2. This decision is the decision of the sole shareholder of the joint Stock company "Industrial Development Fund" and comes into force from the date of its adoption.

On the early termination of the powers of the Chairman of the Board of the Joint-Stock Company "Industrial Development Fund"
1. Early terminate the powers of Nurlan Serikovich Baibazarov, Chairman of the Board of the Industrial Development Fund Joint-Stock Company from November 16, 2022.
2. This decision is the decision of the sole shareholder of the Industrial Development Fund Joint-Stock Company.
3. This decision comes into force from the date of adoption and applies to relations that arose from November 16, 2022.

On approval of the procedure for distributing net income of Industrial Development Fund JSC for 2021, on making a decision on the payment of dividends on ordinary shares and on approving the amount of dividend per one ordinary share of Industrial Development Fund JSC
Industrial Development Fund JSC, in accordance with the decision of the Sole Shareholder of Industrial Development Fund JSC, paid dividends on December 7, 2022 in the amount of 4,100,106,163.24 tenge.

On approval of the main terms of financing of the Industrial Development Fund JSC, on the conclusion of a transaction in which the Development Bank of Kazakhstan JSC has an interest and on consideration of the request of the Industrial Development Fund JSC on non-application of paragraph 3 of the decision of the Board of Directors of the Development Bank of Kazakhstan JSC dated March 31, 2020 (minutes No. 235-2020-06) on the first issue of the agenda and paragraph 3 of the decision of the Board of Directors of Development Bank of Kazakhstan JSC dated August 27, 2021 (minutes No. 267-2021-16) on the first issue of the agenda:
1. Do not apply paragraph 3 of the decision of the Board of Directors of the Development Bank of Kazakhstan JSC dated March 31, 2020 (minutes No. 235-2020-06) on the first issue of the agenda “On approval of the main conditions for financing DBK-Leasing JSC, on the conclusion a transaction in which Development Bank of Kazakhstan JSC has an interest and on instructions from DBK-Leasing JSC to a transaction to finance the Industrial Development Fund joint-stock company on the main conditions specified in paragraph 1 of this decision”.
2. Not to apply paragraph 3 of the decision of the Board of Directors of the Development Bank of Kazakhstan Joint-Stock Company dated August 27, 2021 (minutes No. 267-2021-16) on the first issue of the agenda “On consideration of the application of the Industrial Development Fund JSC for non-proliferation (cancellation) instructions of the Board of Directors of Development Bank of Kazakhstan JSC dated March 31, 2020 (minutes No. 235-2020-06) in relation to transactions with the group of JSC National Company Kazakhstan Temir Zholy to a transaction to finance the Industrial Development Fund JSC on the main the conditions specified in paragraph 1 of this decision.
3. Paragraphs 3 and 4 of this decision are the decision of the sole shareholder of the Joint-Stock Company "Industrial Development Fund".

On determining the quantitative composition, term of office and election of members of the Board of Directors of JSC "Industrial Development Fund", as well as determining the amount and conditions of remuneration payment to members of the Board of Directors of JSC "Industrial Development Fund"
1. Determine the composition of the Board of Directors of JSC "Industrial Development Fund" in the number of 7 (seven) people.
2. Determine the term of office of the members of the Board of Directors of JSC "Industrial Development Fund" for 3 (three) years.
3. To elect the following persons as members of the Board of Directors of JSC "Industrial Development Fund":
1) Izbastin Kanysh Temirtaevich, Member of the Board of Directors;
2) Asset Sharipov, Member of the Board of Directors;
3) Sandugash Aibasovna Kenzhebayeva, Member of the Board of Directors;
4) Baybazarov Nurlan Serikovich, Member of the Board of Directors;
5) Murat Alkenov, Independent Director;
6) Aigul Akeshayevna Dzhaylaubekova, Independent Director;
7) Izbaskhanov Kylyshbek Satylganovich, independent Director;
4. Determine the amount and conditions of remuneration payment to the members of the Board of Directors of JSC "Industrial Development Fund", in accordance with Annex No. 6 to this protocol.
5. The Management Board of JSC "Industrial Development Fund" should take the necessary measures arising from this decision.
6. This decision is the decision of the sole shareholder of JSC "Industrial Development Fund" and comes into force from the date of its adoption.

On amendments and additions to the regulations on the Board of Directors of the industrial development Fund approved by the decision of the sole shareholder of JSC "Fund for the development of industry" of April 25, 2019 (minutes No. 216-2019-09).
1. To make modifications and additions to the regulations on the Board of Directors of JSC "Fund for the development of the industry" approved by the decision of the sole shareholder of JSC "Fund for the development of industry" of April 25, 2019 (minutes No. 216-2019-09)" according to Appendix # 2 to this Protocol.
2. The Management Board of JSC "Industrial Development Fund" shall take other measures arising from this decision.
3. This decision is the decision of the Sole Shareholder of JSC "Industrial Development Fund".

On approval of the procedure for distributing the net income of JSC " Industrial Development Fund "for 2020 and non-payment of dividends on ordinary shares of JSC" Industrial Development Fund" for 2020.
1. To approve the following procedure for the distribution of net income of JSC "Industrial Development Fund", in the amount of 10,171,213,076. 38 (ten billion one hundred and seventy-one million two hundred and thirteen thousand seventy-six, 38) tenge for 2020:
1) the amount of 10,171,213,076. 38 (ten billion one hundred and seventy-one million two hundred and thirteen thousand seventy-six, 38) tenge for 2020 should be left at the disposal of JSC "Industrial Development Fund";
2) do not pay dividends on ordinary shares of JSC "Industrial Development Fund" for 2020.
2. Paragraph 1 of this decision comes into force after receiving the decision of the Republican Budget Commission on establishing a part of the net income for JSC "NUH "Baiterek" for the payment of dividends in the amount of 14% or less than 14% of the amount of net income reflected in the consolidated annual financial statements of JSC "NUH "Baiterek".

On the definition of an audit organization that audits JSC "Industrial Development Fund" for 2022-2023.
1. Determine KPMG Audit LLP (BIN 930840000232, location: 050051, Republic of Kazakhstan, Almaty, Dostyk Avenue, 180) as an audit organization that audits Industrial Development Fund JSC for 2022-2023.
2. This decision is the decision of the Sole Shareholder of the Industrial Development Fund JSC.

On amendments to the Charter of DBK-Leasing JSC, a subsidiary of the Development Bank of Kazakhstan joint stock company, approved by the decision of the Sole Shareholder of DBK-Leasing JSC of December 18, 2015 (minutes of the Board of Directors of Development Bank of Kazakhstan JSC No. 176-2015 -thirteen)

1. To amend the Charter of DBK-Leasing JSC, a subsidiary of the Development Bank of Kazakhstan joint-stock company (hereinafter referred to as DBK-Leasing JSC), approved by the decision of the Sole Shareholder of DBK-Leasing JSC dated December 18, 2015 (minutes of the Board of Directors of JSC “Development Bank of Kazakhstan” No. 176-2015-13) (hereinafter referred to as the Charter), in accordance with Appendix No. 1 to this Protocol.
2. To the Chairman of the Management Board of DBK-Leasing JSC Baybazarov N.S. take all necessary measures arising from this decision.
3. This decision is the decision of the Sole Shareholder of DBK-Leasing JSC.

On the early termination of powers of a member of the Management Board of the Development Bank of Kazakhstan JSC

2. Early terminate the powers of member of the Board of Directors of DBK-Leasing JSC Amirtaev Askar Saparovich, elected as the representative of the Sole Shareholder of DBK-Leasing JSC.
4. The decision in paragraph 2 is the decision of the Sole Shareholder of DBK-Leasing JSC.

On the election of a member of the board of directors of DBK-Leasing joint-stock company, a subsidiary of the Development Bank of Kazakhstan joint-stock company

1. To determine the composition of the Board of Directors of DBK-Leasing Joint-Stock Company, a subsidiary of the Development Bank of Kazakhstan joint-stock company in the amount of 7 (seven) people.
2. To elect Aset Bulatovich Sharipov, a subsidiary of the Development Bank of Kazakhstan joint-stock company, as a member of the board of directors of DBK-Leasing, as the person proposed (recommended) for election to the board of directors as a representative of the shareholder, with a term of office up to the expiration of the term of office of the council The directors of the joint-stock company DBK-Leasing is a subsidiary of the Development Bank of Kazakhstan joint-stock company as a whole.
3. The Chairman of the Management Board of DBK-Leasing Joint Stock Company is a subsidiary of the Development Bank of Kazakhstan Joint Stock Company to take the necessary measures arising from this decision.
4. This decision is a decision of the Sole Shareholder of the joint-stock company “DBK-Leasing”, a subsidiary of the joint-stock company “Development Bank of Kazakhstan” and comes into force from the date of this decision.

On approval of the annual financial statements of DBK-Leasing joint-stock company, a subsidiary of the Development Bank of Kazakhstan joint-stock company for the year ended December 31, 2019, on appeals of the Sole Shareholder of DBK-Leasing JSC to the actions of DBK-Leasing JSC and its of officials in 2019, on the amount and composition of remuneration to members of the board of directors and the board of JSC DBK-Leasing paid in 2019

1. To approve the annual financial statements of the joint-stock company “DBK-Leasing”, a subsidiary of the joint-stock company “Development Bank of Kazakhstan” (hereinafter - JSC “DBK-Leasing”) for the year ended December 31, 2019, in accordance with Appendix No. 13 to this protocol.
2. Take into account information on the amount and composition of remuneration to members of the board of directors and the board of directors of DBK-Leasing JSC for 2019 in accordance with Appendix No. 14 to this Protocol.
3. Take note of the information about the absence in 2019 of the Sole Shareholder of DBK-Leasing JSC on the actions of DBK-Leasing JSC and its officials.
4. The Management Board of DBK-Leasing JSC shall take the necessary measures arising from this decision.
5. This decision is the decision of the Sole Shareholder of DBK-Leasing JSC.

On approving the distribution of net income of DBK - Leasing JSC for the fiscal year 2019, on making a decision on the payment of dividends on ordinary shares and approving the amount of dividend per one ordinary share of DBK - Leasing JSC

1. To approve the distribution of net income of DBK-Leasing JSC for the reporting year 2019 in the amount of 3 517 086 924 (three billion five hundred seventeen million eighty six thousand nine hundred twenty four) tenge in the following order:
1. the amount of 1,055,126,077.20 tenge (one billion fifty five million one hundred twenty six thousand seventy seven tenge 20 tiyn), which is 30 percent of net income, to send to the payment of dividends of Development Bank of Kazakhstan JSC;
2. the remaining part in the amount of 2,461,960,846.80 tenge (two billion four hundred sixty one million nine hundred sixty thousand eight hundred forty six tenge 80 tiyin), which is 70 percent of net income, should be left at the disposal of DBK-Leasing JSC due to a decrease in accumulated losses of previous years;
2. To approve the amount of dividend per one ordinary share of DBK-Leasing JSC in the amount of 1,034.44 tenge (one thousand thirty four tenge 44 tiyin) for 2019;
3. To approve the following procedure for paying dividends of Development Bank of Kazakhstan JSC:
   1. name, location, banking and other details of the company: DBK - Leasing JSC, location Republic of Kazakhstan, Z05T3E2, Nur-Sultan, Yesil district, Mogilik El prospect, building 55 A, bldg. 15, BIN 050940001237 IBAN KZ64914398416BC04819 in the SB of Sberbank JSC, Nur-Sultan, BIK SABRKZKA;
   2. the period for which dividends are paid - 2019;
   3. the amount of dividend per one ordinary share - 1,034.44 tenge (one thousand thirty four tenge 44 tiyin);
   4. dividend payment start date - no later than June 15, 2020;
   5. the procedure and form of dividend payment - dividends shall be paid by transferring to the bank account of the Development Bank of Kazakhstan JSC indicated in the system of registries of shareholders of DBK Leasing JSC.
4. This decision is the decision of the sole shareholder of DBK-Leasing JSC.

On approval of the Annual Report of the joint-stock company DBK-Leasing, a subsidiary of the Development Bank of Kazakhstan joint-stock company for 2019

1. To approve the Annual Report of the joint-stock company DBK-Leasing, a subsidiary of the Development Bank of Kazakhstan joint-stock company for 2019, in accordance with Appendix No. 15 to this protocol.
2. This decision is the decision of the sole shareholder of the joint-stock company DBK-Leasing, a subsidiary of the Development Bank of Kazakhstan joint-stock company.
3. The Management Board of DBK-Leasing Joint-Stock Company shall take the necessary measures arising from this decision.

On changing the name of DBK-Leasing JSC and approval of the new edition of the charter.

1. Change the corporate name of the DBK-Leasing Joint Stock Company, a subsidiary of the Development Bank of Kazakhstan Joint Stock Company (hereinafter - the Company), to the Industrial Development Fund Joint Stock Company.
2. Approve the charter of the Industrial Development Fund Joint Stock Company (hereinafter - the Charter), in accordance with Appendix No. 1 to this Protocol.
3. To authorize the Chairman of the Board of the Society, Nurlan Serikovich Baibazarov, to sign the Charter.
4. The Chairman of the Management Board of the Company (N.S. Baybazarov) shall take the necessary measures arising from this decision.
5. This decision is the decision of the sole shareholder of the Company.

On approval of the size of the maximum risk limit for a group of counterparties of JSC "National Company "Kazakhstan Temir Zholy"

2. Not to distribute clause 3 of the decision of the Board of Directors of "Development Bank of Kazakhstan" JSC on the first issue of the agenda "On approval of the main financing conditions for "DBK-Leasing" JSC, on the conclusion of a transaction in which "Development Bank of Kazakhstan" JSC has an interest and on the instruction of JSC "DBK-Leasing" dated March 31, 2020 (Minutes No. 235-2020-06), adopted as the sole shareholder of the "Industrial Development Fund" JSC, for alleged leasing transactions and restructuring of existing leasing transactions of the "Industrial Development Fund" JSC in the amount of 120 632,000,000 tenge, in accordance with paragraph 1 of this decision.
4. The decision under item 2 is the decision of the sole shareholder of the "Industrial Development Fund" JSC.

Об утверждении размера максимального лимита по риску на группу контрагентов АО «Национальная компания «Қазақстан темір жолы»

1. Не распространять пункт 3 решения совета директоров АО «Банк Развития Казахстана» по первому вопросу повестки дня «Об утверждении основных условий финансирования АО «БРК-Лизинг», о заключении сделки, в совершении которой АО «Банк Развития Казахстана» имеется заинтересованность и о поручении АО «БРК-Лизинг» от 31 марта 2020 гола (протокол № 235-2020-06), принятого в качестве единственного акционера АО «Фонд развития промышленности», на предполагаемые лизинговые сделки и реструктуризацию действующих лизинговых сделок АО «Фонд развития промышленности» на сумму 120 632 000 000 тенге, согласно пункту 1 настоящего решения.
2. Решение по пункту 2 является решением единственного акционера АО «Фонд развития промышленности».

1. Amend internal regulatory documents of Industrial Development Fund JSC (hereinafter – the Company), approved by the resolution of the Company’s sole shareholder as amended, in accordance with Appendix No. 1 hereto:

1. A shares valuation method for their repurchase by Joint Stock Company DBK-Leasing, a subsidiary of Joint Stock Company Development Bank of Kazakhstan, approved by the resolution of the Company’s sole shareholder on 05.07.2007 (Minutes No. 81);
2. A dividend policy of Joint Stock Company DBK-Leasing, a subsidiary of Joint Stock Company Development Bank of Kazakhstan, approved by the resolution of the Company’s sole shareholder on 16.06.2017 (Minutes No. 194-2017-05);
3. A list of documents regulating the internal activities of DBK-Leasing JSC, which are subject to the approval by the resolution of the Sole Shareholder of DBK-Leasing JSC, approved by the Company’s sole shareholder on 30.03.2018 (Minutes No. 202-2018-03);
4. A Corporate Governance Code of DBK-Leasing JSC, approved by the resolution of the Company’s sole shareholder on 30.03.2018 (Minutes No. 202-2018-03);
5. The Board of Directors Regulations of DBK-Leasing JSC, approved by the resolution of the Company’s sole shareholder on 25.04.2019 (Minutes No. 216-2019-09).

2. The Management Board of the Company shall take measures arising out of clause 1 hereof.

3. This Resolution is the resolution of the Company’s sole shareholder.

1. Amend the Dividend Policy of Industrial Development Fund JSC, approved by the resolution of the Company’s sole shareholder on 16 June 2017 (Minutes No. 194-2017-05), in accordance with Appendix No. 2 hereto.
2. The Management Board of Industrial Development Fund JSC shall take measures arising out of clause 1 hereof
3. This Resolution is the resolution of the Industrial Development Fund’s sole shareholder

On the Introduction of Amendments and Additions to the Board of Directors Regulations of DBK-Leasing JSC, approved by the resolution of the Sole Shareholder of DBK-Leasing JSC on 25 April 2019 (Minutes No. 216-2019-09)

Make amendments and additions to the Board of Directors Regulations of DBK-Leasing JSC according to Appendix No. 7 to these minutes.

On the Composition of the Board of Directors of Industrial Development Fund JSC

1. Terminate ahead of schedule the authority of the Member and Independent Director of the Board of Directors of Industrial Development Fund JSC A I Antonenko from 8 October 2020, according to the notification of A I Antonenko
2. Determine that the Board of Directors of Industrial Development Fund JSC will comprise 7 (seven) persons
3. The Board of Industrial Development Fund JSC will take all necessary measures ensuing from this resolution

On introducing amendments and addenda to the Corporate Governance Code of DBK-Leasing Joint-Stock Company, a subsidiary of the Development Bank of Kazakhstan joint-stock company, approved by the decision of the Sole Shareholder of DBK-Leasing JSC dated March 30, 2018 (Minutes No. 202-2018-03) from 12.12.2019 (protocol No. 229-2019-22)

1. To amend and supplement the Code of Corporate Governance of DBK-Leasing Joint Stock Company, a subsidiary of the Development Bank of Kazakhstan joint stock company, approved by the decision of the Sole Shareholder of DBK-Leasing JSC dated March 30, 2018 (Minutes No. 202-2018-03), according to Appendix No. 10 to this Protocol.
2. Clause 1 of this decision shall enter into force after the adoption by the Sole Shareholder of Development Bank of Kazakhstan JSC on amendments and additions to the Corporate Governance Code of Development Bank of Kazakhstan JSC.

1. Increase the number of authorized common shares of DBK-Leasing JSC by 200,000 (two hundred thousand) shares.
2. This decision is the decision of the sole shareholder of DBK-Leasing JSC.
3. The Management Board of DBK-Leasing JSC to take all necessary measures arising from this decision.

In accordance with paragraphs 4, 5 of Article 35, subparagraph 5) of paragraph 1 of Article 36, subparagraph 15-1) of paragraph 2 of Article 53 of the Law of the Republic of Kazakhstan "On Joint Stock Companies", paragraph 13.1 of Article 13 of the Charter of the Development Bank of Kazakhstan JSC and subparagraph 8) of paragraph 8.2 of article 8 of the Charter of DBK-Leasing JSC, the Board of Directors DECIDED:

1. To elect, by the Board of Directors of DBK-Leasing JSC, a subsidiary of Development Bank of Kazakhstan JSC as an independent director, Murat Asigatovich Alkenov, independent director, with a term of office up to the expiration of the term of office of the Board of Directors of DBK-Leasing JSC, a subsidiary of Development Bank JSC Of Kazakhstan ”as a whole.
2. Set the amount of remuneration to the newly elected member of the Board of Directors of DBK-Leasing JSC, a subsidiary of Development Bank of Kazakhstan JSC, independent director Alkenov Murat Asigatovich according to Appendix No. 1 of Protocol No. 224-2019-17 of September 30, 2019.
3. The Chairman of the Board of Directors of DBK-Leasing JSC, a subsidiary of Development Bank of Kazakhstan JSC, must sign an agreement with independent director Murat Asigatovich Alkenov (according to Appendix 11 of the Regulation on the Board of Directors of DBK-Leasing JSC, approved by the decision of the Sole Shareholder of DBK JSC Leasing ”dated April 25, 2019, Minutes No. 216-2019-09).
4. The Chairman of the Management Board of DBK-Leasing JSC, a subsidiary of Development Bank of Kazakhstan JSC, shall take the necessary measures arising from this decision.
5. This decision is the decision of the Sole Shareholder of DBK-Leasing JSC, a subsidiary of Development Bank of Kazakhstan JSC, and enters into style from the date of this decision.

In accordance with paragraphs 4, 5 of Article 35, subparagraph 5) of paragraph 1 of Article 36, subparagraph 15-1) of paragraph 2 of Article 53 of the Law of the Republic of Kazakhstan "On Joint Stock Companies", paragraph 13.1 of Article 13 of the Charter of the Development Bank of Kazakhstan JSC and subparagraph 8) of paragraph 8.2 of article 8 of the Charter of DBK-Leasing JSC, the Board of Directors DECIDED:

1. Early terminate the powers of a member of the Board of Directors of DBK-Leasing JSC, a subsidiary of Development Bank of Kazakhstan JSC, an independent director Dmitry Borisovich Eroshok.
2. The Management Board of the Development Bank of Kazakhstan JSC to conduct events to select candidates for the position of Independent Director of the Board of Directors of DBK-Leasing JSC, by September 27, 2019.
3. Organize an extraordinary meeting of the Board of Directors of JSC “Development Bank of Kazakhstan” by October 1, 2019.
4. To the Chairman of the Management Board of DBK-Leasing, a subsidiary of the Development Bank of Kazakhstan, take the necessary measures arising from this decision.
5. This decision is the decision of the Sole Shareholder of DBK-Leasing JSC, a subsidiary of Development Bank of Kazakhstan JSC, and comes into force on September 23, 2019.

On introducing amendments and addenda to the Charter of DBK-Leasing Joint-Stock Company, a subsidiary of the Development Bank of Kazakhstan joint-stock company approved by the decision of the Sole Shareholder of DBK-Leasing JSC dated December 18, 2015 (minutes of the Board of Directors of JSC Development Bank of Kazakhstan "No. 176-2015-13)

1. Introduce amendments and additions to the Charter of DBK-Leasing Joint-Stock Company, a subsidiary of Development Bank of Kazakhstan joint-stock company, approved by the decision of the Sole Shareholder of DBK-Leasing JSC dated December 18, 2015 (Minutes No. 176-2015-13) according to Appendix No. 3 to this Protocol.
2. Grant the Chairman of the Management Board of DBK-Leasing JSC Baybazarov N.S. the right to sign amendments and addenda to the Charter of DBK-Leasing Joint Stock Company, a subsidiary of the Development Bank of Kazakhstan joint stock company, approved by the decision of the Sole Shareholder of DBK Leasing JSC dated December 18, 2015 (Minutes No. 176-2015-13). < / li>
3. To the Chairman of the Management Board of DBK-Leasing JSC Baybazarov N.S. take all necessary measures arising from this decision.
4. This decision is the decision of the Sole Shareholder of DBK-Leasing JSC.

On the realization of the Development Bank of Kazakhstan JSC right to preemptively purchase ordinary shares of DBK-Leasing JSC and on the invalidation of the decision of the absentee vote of the Board of Directors of the Development Bank of Kazakhstan JSC dated May 31, 2019 (protocol No. 218-2019- 11) on the second issue of the agenda

1. To exercise the right of preemptive purchase of ordinary shares of DBK-Leasing JSC in the amount of 120,000 (one hundred twenty thousand) ordinary shares at a placement price of 100,000 (one hundred thousand) tenge per ordinary share in the amount of 12,000,000,000 (twelve billion ) tenge.
2. Acquire, in accordance with the established procedure, the shares of DBK - Leasing JSC in accordance with clause 1 of this decision by payment in cash.
3. Recognize invalid the decision of the absentee vote of the Board of Directors of the Development Bank of Kazakhstan JSC dated May 31, 2019 (protocol No. 218-2019-11) on the second agenda item.
4. The Management Board of the Development Bank of Kazakhstan JSC to take the necessary measures arising from this decision.
5. This decision is the Decision of the Sole Shareholder of DBK-Leasing JSC.

1. To exercise the right of preemptive purchase of ordinary shares of DBK-Leasing JSC in the amount of 120,000 (one hundred twenty thousand) ordinary shares at a placement price of 100,000 (one hundred thousand) tenge per ordinary share in the amount of 12,000,000,000 (twelve billion ) tenge.
2. Acquire, in accordance with the established procedure, the shares of DBK-Leasing JSC in accordance with paragraph 1 of this decision by payment in cash.
3. The Management Board of the Development Bank of Kazakhstan JSC to take the necessary measures arising from this decision.
4. This decision is the Decision of the Sole Shareholder of DBK-Leasing JSC.

In accordance with the procedure established by the legislation of the Republic of Kazakhstan, Development Bank of Kazakhstan JSC to exercise the right to pre-emptive purchase of simple DBK-Leasing JSC on the following conditions:

1. the number of ordinary shares purchased is 150,000 (one hundred fifty thousand) shares;
2. price - 100,000 (one hundred thousand) tenge per ordinary share;
3. total amount - 15,000,000,000 (fifteen billion) tenge.

1. To approve the Annual Report of the joint-stock company DBK-Leasing, a subsidiary of the Development Bank of Kazakhstan joint-stock company for 2018, according to Appendix No. 9 to this protocol.
2. This decision is the decision of the sole shareholder of the joint-stock company DBK-Leasing, a subsidiary of the Development Bank of Kazakhstan joint-stock company.
3. The Management Board of DBK-Leasing Joint Stock Company to take the necessary measures arising from this decision.

1. To approve the Regulation on the Board of Directors of DBK-Leasing JSC, in accordance with Appendix No. 1 to this Protocol.
2. Recognize invalid the following internal acts of DBK – Leasing JSC
   1. Regulation on evaluating the activities of the Board of Directors of DBK-Leasing JSC, a subsidiary of the Development Bank of Kazakhstan joint stock company, approved by the decision of the Sole Shareholder of DBK-Leasing JSC on May 20, 2016 (minutes No. 182-2016-06);
   2. The Regulation on the Board of Directors of DBK-Leasing JSC is a subsidiary of the Development Bank of Kazakhstan joint-stock company approved by the decision of the Sole Shareholder of DBK-Leasing JSC dated April 15, 2016 (Minutes No. 181-2016-05).
3. Delete clause 7 of the List of documents regulating the internal activities of DBK-Leasing JSC subject to approval by the decision of the Sole Shareholder of DBK-Leasing, approved by the decision of the Sole Shareholder of DBK-Leasing dated March 30, 2018 (Minutes No. 202 -2018-03).

1. Identify KPMG Audit LLP (BIN 930840000232, location: 050051, Republic of Kazakhstan, Almaty, 180 Dostyk Avenue, Almaty) as an audit organization conducting an audit of DBK-Leasing JSC for 2019-2021.
2. This decision is the decision of the Sole Shareholder of DBK-Leasing JSC.

On approval of the annual financial statements of DBK-Leasing joint-stock company, a subsidiary of the Development Bank of Kazakhstan joint-stock company for the year ended December 31, 2018, on the appeals of the Sole Shareholder to the actions of DBK-Leasing JSC and its officials in 2018, on the amount and composition of remuneration to members of the Board of Directors and the Management Board of DBK-Leasing JSC paid in 2018, dated April 26, 2019

1. To approve the annual financial statements of DBK-Leasing Joint-Stock Company, a subsidiary of the Development Bank of Kazakhstan Joint-Stock Company (hereinafter referred to as DBK-Leasing JSC) for the year ended December 31, 2018, in accordance with Appendix No. 7 to this Protocol.
2. Take into account information on the amount and composition of remuneration to members of the Board of Directors and the Management Board of DBK-Leasing JSC for 2018 in accordance with Appendix No. 8 to this Protocol.
3. Take into account information about the absence in 2018 of the Sole Shareholder of DBK-Leasing JSC on the actions of DBK-Leasing JSC and its officials.
4. The Management Board of DBK-Leasing JSC to take the necessary measures arising from this decision.
5. This decision is the decision of the Sole Shareholder of DBK-Leasing JSC.

On approval of the distribution of net income of the joint-stock company DBK-Leasing, a subsidiary of the Development Bank of Kazakhstan joint-stock company for the reporting fiscal year 2018, on the decision to pay dividends on ordinary shares and to approve the amount of dividend per ordinary share DBK - Leasing JSC, dated April 26, 2019

1. To approve the distribution of net income of the joint-stock company DBK-Leasing, a subsidiary of the Development Bank of Kazakhstan joint-stock company (hereinafter referred to as DBK-Leasing JSC) for the reporting year 2018 in the amount of 3,800,871,179.85 (three billion eight hundred million eight hundred seventy one thousand one hundred seventy nine) tenge 85 tiyn in the following order:
   
   1) the amount of 1,140,261,353.96 (one billion one hundred forty million two hundred sixty one thousand three hundred fifty three) tenge 96 tiyn, which is 30 (thirty)% of net income, to send to dividends to the Sole Shareholder of DBK-Leasing JSC ";
   
   2) the remaining part in the amount of 2,660,609,825.89 (two billion six hundred sixty million six hundred nine thousand eight hundred twenty five) tenge 89 tiyn, which is 70 (seventy)% of net income, left at the disposal of DBK-Leasing JSC in the account reduction of accumulated losses of previous years;
2. To approve the dividend per one ordinary share of DBK-Leasing JSC - 1 754.25 (one thousand seven hundred fifty four) tenge 25 tiyin for 2018;
3. To approve the following procedure for paying dividends to the Sole Shareholder of DBK-Leasing JSC:
   
   1) name, location, banking and other details of the company: DBK-Leasing JSC, location Republic of Kazakhstan, Z05T3E2, Nur-Sultan, Yesil District, Mogilik El Avenue, Building 55 A, n.p.15, BIN - 050940001237, IBAN KZ546010111000166106 in Halyk Bank of Kazakhstan JSC, Nur-Sultan, BIC HSBKKZKX;
   
   2) the period for which dividends are paid - 2018;
   
   3) the amount of the dividend per ordinary share - 1,754.25 (one thousand seven hundred fifty-four) tenge 25 tiyin;
   
   4) the start date of dividend payment is June 25, 2019;
   
   5) the procedure and form of dividend payment - dividends shall be paid by transferring to the bank account of the Sole Shareholder specified in the register system of shareholders of JSC DBK - Leasing.
4. This decision is the Sole Shareholder of DBK-Leasing JSC decision.

Include in the decision of the Board of Directors of the Industrial Development Fund joint stock company dated January 15, 2024 (Minutes No. 236) on the first issue of the agenda "On the issue of the second bond program of the Industrial Development Fund joint stock company, determining the conditions for the first issue of bonds within the second bond program program, its issuance and increasing the obligations of the Industrial Development Fund joint stock company by an amount of more than ten percent of the size of its own capital”, the following changes:

1. clause 3 shall be stated as follows:
   "3. Increase the liabilities of the Industrial Development Fund joint stock company by an amount equal to 53% (fifty three percent) of the equity capital of the Industrial Development Fund joint stock company by attracting a bond loan in the amount of 190,000,000,000 ( one hundred and ninety billion) tenge.”;
2. c Terms of the first bond issue within the second Bond program of the Industrial Development Fund JSC, approved by the decision of the Board of Directors of the Industrial Development Fund JSC dated September 25, 2023 (Minutes No. 236 ), according to Appendix No. 1 to this protocol.

On placement (sale), including the number of shares placed (sold) within the number of authorized shares, the method and price of their placement (sale)

1. In accordance with the procedure established by the legislation of the Republic of Kazakhstan, place common shares of the Industrial Development Fund joint stock company in the amount of 5,550 (five thousand five hundred and fifty) common shares within the authorized shares at a price of 2,000,000 (two million) tenge per common share for the total amount 11,100,000,000 (eleven billion one hundred million) tenge.
2. In accordance with the procedure established by the legislation of the Republic of Kazakhstan, send to the sole shareholder of the Industrial Development Fund joint stock company - the Development Bank of Kazakhstan joint stock company a proposal to exercise the right of pre-emptive purchase of common shares in the amount of 5,550 (five thousand five hundred fifty) pieces of common shares within the limits of the authorized shares for price of 2,000,000 (two million) tenge per common share for a total amount of 11,100,000,000 (eleven billion one hundred million) tenge.
3. The Board of the Industrial Development Fund joint stock company to take the measures necessary to implement this decision.

On placement (sale), including the number of shares placed (sold) within the number of authorised shares, the manner and price of their placement (sale)

1. In accordance with the procedure established by the legislation of the Republic of Kazakhstan, place common shares of the Industrial Development Fund JSC in the amount of 12,500 (twelve thousand five hundred) within the limits of authorised shares at a price of 2,000,000 (two million) KZT per one common share for a total of 25,000,000,000 (twenty-five billion) KZT.
2. In accordance with the procedure established by the legislation of the Republic of Kazakhstan, send to the sole shareholder of Industrial Development Fund JSC – Development Bank of Kazakhstan JSC a proposal to implement the right of preferential purchase of common shares in the amount of 12,500 (twelve thousand five hundred) within the limits of the authorised shares at the price of 2,000,000 (two million) KZT per one common share for a total amount of 25,000,000,000 (twenty-five billion) KZT.
3. The Governance of the Industrial Development Fund JSC shall take the appropriate steps to carry out this decision.
4. Paragraphs 1-3 of this decision shall take effect from the date of approval of the financial and economic rationale “Increase in the authorised capital of the Baiterek National Managing Holding JSC with a subsequent increase in the authorised capital of Development Bank of Kazakhstan JSC and a subsequent increase in the authorised capital of Industrial Development Fund JSC for leasing financing of legal entities and individual entrepreneurs purchasing motor vehicles and special-purpose vehicles on lease, with the exception of agricultural machinery manufactured in Kazakhstan".

On determining the conditions of the third issue of bonds within the second bond program, its issuance and the increase in the obligations of Industrial Development Fund JSC by an amount more than ten percent of the size of its own capital

1. Determine the conditions of the third issue of bonds within the second bond program of Industrial Development Fund Joint-Stock Company pursuant to Appendix No. 3 to this protocol and ensure its issuance.
2. Increase the liabilities of Industrial Development Fund Joint-Stock Company by an amount equal to 13% (thirteen percent) of the equity capital of Industrial Development Fund Joint-Stock Company by attracting a bond loan of 50,000,000,000 (fifty billion) tenge by Industrial Development Fund Joint-Stock Company.
3. The Management Board of Industrial Development Fund Joint-Stock Company to take the necessary measures arising from this Decision, including obtaining the consent of Development Bank of Kazakhstan Joint-Stock Company to attract the funds referred to in paragraph 1 of this Decision.

On determining the conditions of the fourth issue of bonds within the second bond program, its issuance and the increase in the obligations of Industrial Development Fund JSC by an amount more than ten percent of the size of its own capital

1. Determine the conditions of the fourth issue of bonds within the second bond program of Industrial Development Fund Joint-Stock Company pursuant to Appendix No. __ to this protocol and ensure its issuance.
2. Increase the liabilities of Industrial Development Fund Joint-Stock Company by an amount equal to 29% (twenty-nine percent) of the equity capital of Industrial Development Fund Joint-Stock Company by attracting a bond loan of 111,200,000,000 (one hundred eleven billion two hundred million) tenge by Industrial Development Fund Joint-Stock Company.
3. The Management Board of Industrial Development Fund Joint-Stock Company to take the necessary measures arising from this Decision.

On the early termination of the powers of a member of the Board of Directors of JSC "Industrial Development Fund" S.A. Kenzhebayeva from January 9, 2023 on the basis of a written notification dated January 9, 2023.

On placement (sale), including the number of shares placed (sold) within the number of authorized shares, the method and price of their placement (sale)

1. In accordance with the procedure established by the legislation of the Republic of Kazakhstan, place common shares of the joint stock company "Industrial Development Fund" in the amount of 10,000 (ten thousand) common shares within the limits of authorized shares at a price of 2,000,000 (two million) tenge per common share for the total amount 20,000,000,000 (twenty billion) tenge.
2. In accordance with the procedure established by the legislation of the Republic of Kazakhstan, send to the sole shareholder of the joint stock company "Industrial Development Fund" - the joint stock company "Development Bank of Kazakhstan" a proposal to exercise the right of preemption to purchase common shares in the amount of 10,000 (ten thousand) pieces of common shares within the limits of the authorized shares for price of 2,000,000 (two million) tenge per common share for a total amount of 20,000,000,000 (twenty billion) tenge.
3. The Board of the joint stock company “Industrial Development Fund” to take the measures necessary to implement this decision.

On the issue of the second bond program of Industrial Development Fund JSC, determining the conditions for the first bond issue within the second bond program, its issue and increasing the obligations of Industrial Development Fund JSC by an amount of more than ten percent of its equity capital

1. To issue the second bond program of the joint stock company “Industrial Development Fund” in the amount of 500,000,000,000 (five hundred billion) tenge.
2. Determine the conditions for the first issue of bonds within the second bond program of the joint stock company “Industrial Development Fund”, in accordance with Appendix No. 1 to this protocol and carry out its issue.
3. Increase the liabilities of the joint-stock company “Industrial Development Fund” by an amount equal to 74.1 (seventy-four point one and one tenth)% of the equity capital of the joint-stock company “Industrial Development Fund” by attracting a bond issue by the joint-stock company “Industrial Development Fund” in the amount of 232,000,000,000 (two hundred thirty-two billion) tenge.
4. The Board of the joint stock company “Industrial Development Fund” to take the necessary measures arising from this decision.

On the election of a member of the Management Board of JSC Industrial Development Fund and determination of the amount of his official salary
1. Elect Abaidildin Azat Talgatbekovich as a member of the Board of the joint stock company “Industrial Development Fund” from November 1, 2023 for the term of office of the Board of the joint stock company “Industrial Development Fund” as a whole.
2. Confidential.
3. Chairman of the Board of the joint-stock company “Industrial Development Fund” (R.E. Gapparov). take the measures necessary to implement this decision.

On placement (sale), including the number of shares placed (sold) within the number of authorized shares, the method and price of their placement (sale)
1. In accordance with the procedure established by the legislation of the Republic of Kazakhstan, place common shares of the joint stock company "Industrial Development Fund" in the amount of 7,500 (seven thousand five hundred) common shares within the limits of authorized shares at a price of 2,000,000 (two million) tenge per one common share for the total the amount of 15,000,000,000 (fifteen billion) tenge.
2. In accordance with the procedure established by the legislation of the Republic of Kazakhstan, send to the sole shareholder of the joint stock company "Industrial Development Fund" - the joint stock company "Development Bank of Kazakhstan" a proposal to exercise the right of preemption to purchase common shares in the amount of 7,500 (seven thousand five hundred) common shares within the limits of authorized shares at a price of 2,000,000 (two million) tenge per common share for a total amount of 15,000,000,000 (fifteen billion) tenge.
3. The Board of the joint stock company "Industrial Development Fund" to take the measures necessary to implement this decision.

On the election of the Chairman of the Board of Directors of the joint stock company "Industrial Development Fund"
Elect Marat Talgatovich Elibaev as Chairman of the Board of Directors of the joint stock company Industrial Development Fund, with a term of office until the expiration of the term of office of the Board of Directors of the joint stock company Industrial Development Fund as a whole.
In accordance with these decisions of the EA and the Board of Directors, the composition of the Board of Directors must be brought into compliance/updated.