Resolution No. 102/1 dated  June 21, 2017.

1. To approve the resolution, according to which the authorized representative of the Company has to vote at the regular general meeting of JV KGM participants (hereinafter, the “Meeting”):

To distribute undistributed net income of JV KGM for 2016 in the amount of USD 51, 090, 000  (fifty one million and ninety thousand) and a part of undistributed net income of JV KGM for the previous periods in the amount of USD 198, 910, 000 (one hundred and ninety eight million nine hundred and ten thousand), in the total amount of USD 250, 000, 000 (Two hundred and fifty million) in tenge, equivalent at the currency exchange rate of the National Bank of the Republic of Kazakhstan as of the payment day, including in the amount of USD 125, 000, 000 (one hundred and twenty five million) to AO KazMunaiGas Exploration&Production and in the amount of USD 125, 000, 000 (one hundred and twenty five million) to the Company.

2. To direct the authorized representative of the Company to vote in the forthcoming  Meeting held in presentio or in absentia in accordance with the resolution.