22-062016 JSC Kazakhtelecom (12, Sauran street, 010000, Astana) hereby advises its shareholders of the results of the annual General shareholders’ meeting held on April 22, 2016.

On item №1 of the agenda of the meeting “On approval of the annual financial statements of JSC Kazakhtelecom for 2015”.

Pursuant to sub-item 7) item 1 article 36 of the Law of the Republic of Kazakhstan “On joint stock companies” and sub-item 13) item 1 article 29 of Kazakhtelecom JSC”s Charter, the Kazakhtelecom JSC’s annual General shareholders’ meeting has DECIDED:

To approve the annual financial statements (consolidated and separate) of Kazakhtelecom JSC for 2015 pursuant to attachments (addendums) to this resolution.

To take the decision on this particular item pursuant to item 2 article 36 of the Kazakhtelecom JSC’s Charter, the ordinary majority of votes of shareholders attending the meeting is required.

As a result of voting THE DECISION HAS BEEN TAKEN UNANIMOUSLY

On item №2 of the agenda of the meeting “On the order of distributing of the net income of Kazakhtelecom JSC for 2015”

Pursuant to sub-item 8) item 1 article 36 and sub-item 15) item 1 article 29 of Kazakhtelecom JSCs Charter, the Kazakhtelecom JSC’s annual General shareholders’ meeting has DECIDED:

1. To approve the following order of distributing of the net income of Kazakhtelecom JSC for 2015 in the amount of KZT 24 388 364 000 (twenty four billions three hundred eighty eight millions three hundred sixty four thousand):

1) 15% of the consolidated net income amounting to KZT 3 658 267 685 (three billion six hundred fifty eight millions two hundred sixty seven thousand six hundred eighty five) 31 (thirty one) tiyn is to be allocated for paying dividends on the results of 2015;

2) the remaining part is to be left in the Company’s disposition;

2. To approve the size of dividends on the results of 2015 on ordinary shares amounting to KZT 331 (three hundred thirty one) tenge and 73 (seventy three) tiyn per ordinary share;

3. To make up the list of those shareholders who are entitled to dividends on the results of 2015 as of 00 hours 00 minutes of the first Sunday after the date of holding the annual General shareholders’ meeting;

4. The date of commencing paying dividends on ordinary shares on the results of 2015 shall be a business day following the date of making up the list of those shareholders entitled to dividends on the results of 2015 within one month;

5. To approve the order and procedure of paying dividends – by non-recurrent one payment;

6. To approve the form of paying dividends on shares of Kazakhtelecom JSC located at the following address: 12, Sauran street, city of Astana, Esil district, bank details: BIN 941240000193, IIC KZ779261802104233017 at the Almaty affiliation of Kazcommertzbank JAC, BIC KZKOKZKX, Кбе16 – in cash, by way of money transfer to the shareholder’s bank account.

To take the decision on this particular item, pursuant to item 2 article 36 of the Law of the Republic of Kazakhstan “On joint stock companies, the ordinary majority of votes of shareholders attending the meeting is required.

As a result of voting THE DECISION HAS BEEN TAKEN UNANIMOUSLY

On item №3 of the agenda of the meeting “On designating Ernst&Young LLP. as the firm of auditors to audit the annual financial statements of Kazakhtelecom JSC in 2016-2018”

Pursuant to sub-item 6) item 1 article 36 of the Law of the Republic of Kazakhstan “On joint stock companies” and sub-item 12) item 1 article 29 of the Kazakhtelecom JSC’s Charter, the Kazakhtelecom JSC’s annual General shareholders’ meeting has DECIDED:

To designate Ernst & Young LLP. as the firm of auditors to audit the annual financial statements of Kazakhtelecom JSC in 2016-2018.

To take the decision on this particular ite, pursuant to item 2 article 36 of the Law of the Republic of Kazakhstan “On joint stock companies” the ordinary majority of votes of shareholders attending the meeting is required.

As a result of voting THE DECISION HAS BEEN TAKEN UNANIMOUSLY

On item №4 of the agenda of the meeting “On introducing amendments and addendums to the Kazakhtelecom JSC’s Charter”

Pursuant to sub-item 1) item 1 article 36 of the Law of the Republic of Kazakhstan “On joint stock companies” and sub-item 2) item 1 article 29 of Kazakhtelecom JSCs Charter, the Kazakhtelecom JSC’s annual General shareholders’ meeting has DECIDED:

  1. 1. To introduce amendments and addendums to Kazakhtelecom JSC’s Charter in accordance with the annex hereto.
  2. 2. Chairman of the Management Board of Kazakhtelecom JSC is to:

1) sign amendments and addendums to Kazakhtelecom JSC’s Charter on behalf of shareholders;

2) ensure taking actions in justice bodies of the Republic of Kazakhstan related to introducing amendments and addendums to Kazakhtelecom JSC’s Charter with the right of delegating his authorities to other persons.

To take the decision on this particular item pursuant to item 2 article 36 of the Law of the Republic of Kazakhstan “On joint stock companies” the ordinary majority of votes of shareholders attending the meeting is required.

As a result of voting THE DECISION HAS BEEN TAKEN UNANIMOUSLY

On item №5 of the agenda of the meeting “On introducing amendments and addendums to the Provision on the General shareholders’ meeting of Kazakhtelecom JSC”

Pursuant to sub-item 18) item 1 article 36 of the Law of the Republic of Kazakhstan “On joint stock companies” and sub-item 23) item 1 article 29 of Kazakhtelecom JSCs Charter, the Kazakhtelecom JSC’s annual General shareholders’ meeting has DECIDED:

To introduce to the Provision on the General shareholders’ meeting of Kazakhtelecom JSC the following amendments and addendums:

Sub-item 1) item 2) article 6 shall be amended as follows:

«2) to receive dividends as well as require payment of dividends which were not received when due regardless when the Company’s debt became due except for the cases when dividend was not attributed pursuant to item 5 article 21 of the Charter»;

2) item 6 shall be added by sub-item 14) read as follows:

«14) to take part in the Company’s General shareholders’ meeting decision on the change of the number or the type of the Company’s shares according to the procedure provided for in laws of the Republic of Kazakhstan.»;

3) paragraph nine of sub-item 2) item 17 shall be amended as follows:

«- a dividend on preferred share was not paid in full within three months upon expiration of the dividend payment period except for the cases when dividend was not attributed pursuant to item 5 article 21 of the Charter.»;

4) the second and the third paragraphs of item 68 shall be amended as follows:

«An absentee vote ballot of shareholder which is a legal entity shall be signed by head and certified by seal of that legal entity (if applicable).

A ballot not signed by shareholder, which is an individual, or by head of shareholder, which is a legal entity, as well as not certified by seal of legal entity (if applicable) shall be deemed invalid.».

To take the decision on this particular item pursuant to item 2 article 36 of the Law of the Republic of Kazakhstan “On joint stock companies, the ordinary majority of votes of shareholders attending the meeting is required.

As a result of voting THE DECISION HAS BEEN TAKEN UNANIMOUSLY

On item №6 of the agenda of the meeting “On introducing amendments and addendums to the Provision on the Board of Directors of Kazakhtelecom JSC”

Pursuant to sub-item 18) item 1 article 36 of the Law of the Republic of Kazakhstan “On joint stock companies” and sub-item 24) item 1 article 29 of Kazakhtelecom JSCs Charter, the Kazakhtelecom JSC’s annual General shareholders’ meeting has DECIDED:

To introduce to the Provision on the Board of Directors of Kazakhtelecom JSC the following amendments and addendums:

1) item 15 shall be amended as follows:

«15. With a view to, facilitating to efficient performance by the Board of Directors of its functions, considering the most crucial issues and, preparing recommendations to the Board of Directors, the following Committees of the Board of Directors are created by decision of the Board of Directors.

The Board of Directors’ Committees consider the following issues:

1) strategic planning;

2) personnel and remunerations;

3) internal audit;

4) social issues;

5) other issues provided for in internal documents of the Company.

The issues listed in this item can fall within the competence of one or several committees of the Board of Directors.»;

2) the first paragraph of item 44 shall be amended as follows:

«The members of the Board of Directors shall be elected for a term of maximum 3 (three) years. In case the Board of Directors’ member is elected for a new term exceeding 6 (six) years, his/her candidature shall be subject to special consideration with the account of the need in thorough renewal of the Board of Directors’ composition. The same person can not be elected as independent director to the Board of Directors more than nine successive years but in exclusive cases he/she can be elected for more than nine years provided such person was elected every year.»;

3) item 45 shall be added by the second paragraph read as follows:

«The terms of reference of such members of the Board of Directors shall be terminated from the date of the General shareholders’ meeting decision on early termination of their terms of reference.»;

4) item 116 shall be amended as follows:

«116. Members of the Board of Directors found guilty of crimes against property in the sphere of economic activity or against the interests of service in commercial and other organizations, as well as exempted from criminal responsibility under items 3), 4), 9), 10), and 12) of the first part of article 35 or article 36 of the Criminal Procedure Code of the Republic of Kazakhstan for the commission of these crimes are not allowed, within five years from the date of, the cancellation or clearing of a criminal record in accordance with the law of the Republic of Kazakhstan or, the exemption from criminal responsibility, perform the duties of the Company’s executive officer as well as shareholders’ representative at the General shareholders’ meeting.

5) in Annex 5 to the Provision on the Board of Directors of Kazakhtelecom JSC «Standard Agreement with independent director of Kazakhtelecom JSC»:

item 27 shall be amended as follows:

«27. This Agreement termination date shall be (in each particular case):

1) date of the General shareholders’ meeting’s decision on early termination of terms of reference of all members of the Board of Directors;

2) date of the General shareholders’ meeting’s decision on early termination of terms of reference of Independent Director;

3) date of receipt by the Company’s Board of Directors of notification from Independent Director on early termination of his/her terms of reference at his/her own discretion.».

To take the decision on this particular item pursuant to item 2 article 36 of the Law of the Republic of Kazakhstan “On joint stock companies” the ordinary majority of votes of shareholders attending the meeting is required.

As a result of voting THE DECISION HAS BEEN TAKEN UNANIMOUSLY

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