LAW OF THE REPUBLIC OF KAZAKHSTAN

of July 7, 2026 No. 337-VIII ZRK

About modification and amendments in the Code of the Republic of Kazakhstan "About subsoil and subsurface use" concerning the treatment of radioactive waste and enhancement of regulation of transactions on subsurface use"

Article 1. Bring in the Code of the Republic of Kazakhstan of December 27, 2017 "About subsoil and subsurface use" the following changes and amendments:

The first and second item 4 of Article 13 to state 1) to part in the following edition:

"4. Placement of technogenic mineral formations of mining productions is performed only within the subsoil plots which are in use according to the license for investigation of solid minerals, the contract for investigation of uranium on the subsoil plot suitable for working off of open (career) or underground (mine) method, to the license for production of solid minerals, the contract for production of uranium on the field suitable for working off of open (career) or underground (mine) method, licenses for production of popular minerals or the license to use of space of subsoil.

Placement of technogenic mineral formations of mining and processing productions is performed only within the subsoil plots which are in use according to the license for production of solid minerals, the contract for production of uranium on the field suitable for working off of open (career) or underground (mine) method or the license to use of space of subsoil.";

The word of "production" to exclude 2) in Items 1 and 2 of Article 28-1;

Shall be replaced with words 3) in Item 3 of Article 35 of the word of "uranium production" "investigation or production of uranium";

4) in Article 36:

add Item 1-1 with subitem 4-1) of the following content:

"4-1) standard contract on uranium investigation;";

11) and 12) to state subitems to part one of Item 2 in the following edition:

"11) obligations of the subsoil user on observance by it and his contractors of procedure for purchase of goods, the works and services used when carrying out transactions on investigation or hydrocarbon production, investigation or production of the uranium determined by authorized bodies in the field of hydrocarbons and uranium;

12) responsibility of the subsoil user for violation of contract commitments, including violation of indicators of basic project documents on exploration and production of the hydrocarbons, investigation or production of uranium carried by this Code to contract commitments and also for violation of the obligation on observance by the subsoil user and (or) his contractors of established procedure of purchase of goods, works and services when carrying out transactions in investigation or hydrocarbon production, investigation or production of uranium;";

5) in the subitem 3) of part three of Item 3 of Article 40 of the word "uranium production" shall be replaced with words "investigation or production of uranium";

6) in part one of Item 1 of Article 41 of the word "uranium production" shall be replaced with words "investigation or production of uranium";

Item 3 of article 42 after the word of "court" to add 7) with the word of "(arbitration)";

8) in Article 44:

in Item 2:

in the subitem 5) shall be replaced with words words of "one percent" "twenty five percent";

add with the subitem 16) of the following content:

"16) transition of the owned stocks, shares and other securities (financial instruments) connected with the subsurface use right which do not grant them to the owner voting power and the right of participation in management of the subsoil user (or person directly or indirectly controlling the subsoil user).

At the same time, if any passive investor acquires control over the subsoil user, including, acquiring the right to more than twenty five percent of its net income, the requirement of the notification of competent authority according to article 47 of this Code remains.";

state item 4 in the following edition:

"4. The transactions on transition of the right of subsurface use, objects connected with the subsurface use right made without the permission of competent authority, and it is equal after permission effective period, can be recognized as court invalid in the claim of competent authority.";

4) of Item 2 of Article 45 of the word to "uranium production" shall be replaced with words 9) in the subitem to "investigation or production of uranium";

10) in Article 60:

in part one "executive" to replace the word with the word "state";

in part two:

the paragraph one after words "solid mineral" to add with the word", to uranium";

in the subitem 3) shall be replaced with words words of "uranium production" "uranium exploration and production";

in the subitem 4) to exclude the word of "production";

11) in Article 61:

in the subitem 5) to "uranium production" shall be replaced with words words to "uranium exploration and production";

in the subitem 6) "to production of uranium and" shall be replaced with words words to "uranium exploration and production, production";

in subitem 6-2) to exclude the word of "production";

The word of "production" to exclude 12) in subitem 11-2) of Article 62;

13) in Article 63:

in heading, paragraph one, subitems 1) and 2) to exclude the word of "production";

in the subitem 3) to "uranium production" to replace words with the word to "uranium";

in subitem 3-1) of the word to "uranium production" shall be replaced with words to "subsurface use on uranium";

state subitem 3-2) in the following edition:

"3-2) forming and maintaining the register of the goods, works and services used when carrying out transactions on subsurface use on uranium, and their producers, including criteria of their assessment for entering into this register according to the procedure, determined by authorized body in the field of uranium;";

in the subitem 4) to "uranium production" shall be replaced with words words to "subsurface use on uranium";

in the subitem 5) shall be replaced with words the words "on uranium production" "on uranium";

in the subitem 6) shall be replaced with words the words "in case of uranium extraction" "when carrying out transactions on subsurface use on uranium";

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