The Board of Directors of “PKKR” JSC, minutes # 21/2 dated   May 22, 2017, made a decision on the conclusion of the related-party transaction by Company, i.e.:

1. To approve financial statements of the Company for the year ended December 31, 2016 audited in accordance with the legislation of the Republic of Kazakhstan and present it for final approval to the shareholder, owner of all voting shares of the Company, which is authorized to take sole decisions on the issues related to competence of the Annual General Shareholders’ Meeting of the Company in accordance with the Article 35.4 of the Law.

2. To recommend to the shareholder, owner of all voting shares of the Company, which is authorized to take sole decisions on the issues related to competence of the Annual General Shareholders’ Meeting of the Company in accordance with Article 35.4 of the Law: to postpone the issues of approving the procedure for the distribution of the Company’s retained earnings of previous years and the  amount of dividend per one ordinary share of the Company for 2016 to a later date.