RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of February 24, 2012 No. 70

About approval of Rules of issue of permission to release and (or) placement of issued securities of the resident organization of the Republic of Kazakhstan in the territory of foreign state, submission of the notification on release of depositary receipts or other securities which underlying asset are issued securities of the resident organizations of the Republic of Kazakhstan, and also the report on results of their placement

According to the Law of the Republic of Kazakhstan of July 2, 2003 "About the security market" the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Approve the enclosed Rules of issue of permission to release and (or) placement of issued securities of the resident organization of the Republic of Kazakhstan in the territory of foreign state, submission of the notification on release of depositary receipts or other securities which underlying asset are issued securities of the resident organizations of the Republic of Kazakhstan, and also the report on results of their placement.

2. Recognize invalid regulatory legal acts of the Republic of Kazakhstan according to appendix to this resolution.

3. This resolution becomes effective after ten calendar days after day of its first official publication.

Approved by the Resolution of Board of National Bank of the Republic of Kazakhstan of February 24, 2012 No. 70

Rules of issue of permission to release and (or) placement of issued securities of the resident organization of the Republic of Kazakhstan in the territory of foreign state, submission of the notification on release of depositary receipts or other securities which underlying asset are issued securities of organizatsiyrezident of the Republic of Kazakhstan, and also the report on their placement

These rules of issue of permission to release and (or) placement of issued securities of the resident organization of the Republic of Kazakhstan in the territory of foreign state, submission of the notification on release of depositary receipts or other securities which underlying asset are issued securities of the resident organizations of the Republic of Kazakhstan and also the report on their placement (further - Rules) are developed according to the Law of the Republic of Kazakhstan of July 2, 2003 "About the security market" (further - the Law) and establish conditions and procedure for issue by authorized body on regulation, control and supervision of the financial market and the financial organizations of permission to release and (or) placement of issued securities of the resident organization of the Republic of Kazakhstan in the territory of foreign state, and also the notification procedure about release of depositary receipts or other securities, which underlying asset are issued securities of the resident organizations of the Republic of Kazakhstan, submission of the report on their placement.

1. Procedure and conditions of issue of permission to release and (or) placement of issued securities of the resident organization of the Republic of Kazakhstan in the territory of foreign state

1. The resident organization of the Republic of Kazakhstan performs release and (or) placement of issued securities in the territory of foreign state in the presence of the corresponding permission of National Bank of the Republic of Kazakhstan (further - authorized body) in case of observance of requirements, stipulated in Item 1 article 22-1 of the Law, and also Governed.

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