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ORDER OF THE GOVERNMENT OF THE REPUBLIC OF KAZAKHSTAN

of October 30, 2014 No. 1156

About approval of the decision of Board of Directors of joint-stock company "National welfare fund "Samruk-Kazyna" about the price, quantity, structure of placement of the announced common shares of KEGOC joint-stock company

According to the subitem 13) of Item 2 of article 7 of the Law of the Republic of Kazakhstan of February 1, 2012 "About National welfare fund" the Government of the Republic of Kazakhstan DECIDES:

1. Approve the enclosed decision of Board of Directors of joint-stock company "National welfare fund "Samruk-Kazyna" of October 16, 2014 about the price, quantity, structure of placement of the announced common shares of KEGOC joint-stock company (the minutes No. 114).

2. This resolution becomes effective from the date of its signing.

Prime Minister of the Republic of Kazakhstan

K. Masimov

Approved by the Order of the Government of the Republic of Kazakhstan of October 30, 2014 No. 1156

The decision of Board of Directors of joint-stock company "National welfare fund "Samruk-Kazyna" of October 16, 2014 about the price, quantity, structure of placement of the announced common shares of JSC KEGOC

According to the subitem 19) of Item 3 of article 8 of the Law of the Republic of Kazakhstan "About National welfare fund", the Program of conclusion of blocks of shares of the affiliated and dependent organizations of joint-stock company "National welfare fund "Samruk-Kazyna" on the security market, the Republic of Kazakhstan approved by the order of the Government of September 8, 2011 1027, the Board of Directors DECIDED: No.

determine:

1) the price of placement of one common share of KEGOC joint-stock company - 505 (five hundred five) tenges;

2) the number of the placed common shares of KEGOC joint-stock company in the Kazakhstan organized market of securities by carrying out subscription - 25999999 (twenty five million nine hundred ninety nine thousand nine hundred ninety nine) pieces;

3) structure of placement of common shares of KEGOC joint-stock company according to appendix to the specified decision.

Appendix

to the Decision of Board of Directors of joint-stock company "National welfare fund "Samruk-_azyna" of October 16, 2014 (the minutes No. 114)

Structure of placement of common shares of KEGOC joint-stock company

1. Within program implementation "the National IPO" this structure of placement of common shares of KEGOC Kazakhstan Electricity Grid Operating Company joint-stock company (further - Society) among different groups of investors at their primary placement (further - structure) determines procedure for distribution of common shares of Society among potential investors in the Kazakhstan organized market of securities.

The determinations used in structure:

1) shares - common shares of Society;

2) the market maker according to shares of Society - the member of stock exchange recognized as that by stock exchange and who assumed liability to Society to announce and support quotations according to shares according to internal documents of stock exchange and the legislation of the Republic of Kazakhstan and carrying out all obligations according to the agreement signed with Society;

3) retail investors are citizens of the Republic of Kazakhstan;

4) the institutional investor - "Single Accumulation Pension Fund" joint-stock company, acquiring shares at the expense of pension assets.

2. Restrictions on the investment amount:

1) for the market maker - at least 200000 (two hundred thousand) pieces of shares, but no more than 400000 (four hundred thousand) pieces of shares;

2) for retail investors - requests are accepted without restrictions. The satisfaction of requests of retail investors is made taking into account Item 3 structures;

3) for the institutional investor - without restrictions taking into account Item 3 structures.

3. Procedure for distribution of shares among different groups of investors at their primary placement:

1) the request of the market maker according to shares is satisfied in first-priority procedure;

2) requests of retail investors according to shares are satisfied completely within 14000 (fourteen thousand) pieces of shares.

If the cumulative number of the shares specified in requests of retail investors taking into account the subitem 2) of Item 3 structures exceeds the number of the placed shares (less the request of the market maker according to shares) the size of the maximum quantity of satisfaction of requests will be reduced in the following procedure:

decrease begins with the maximum quantity of satisfaction of requests of equal 14000 (fourteen thousand) pieces of shares;

the step of decrease constitutes one share;

decrease is performed until demand equalization (the cumulative number of the shares specified in requests of retail investors) and the offer (the number of the placed shares);

3) the shares unclaimed by retail investors taking into account implementation of subitems 1) and 2) of Item 3 structures, are distributed among the retail investors who submitted applications over 14000 (fourteen thousand) pieces of shares in the following procedure:

if the aggregate demand is less than remained number of shares, all requests are satisfied completely;

if the aggregate demand is more than remained number of shares, the size of the maximum quantity of satisfaction of requests will be increased in the following procedure. Increase begins with the minimum quantity of satisfaction of requests, equal 14001 (fourteen thousand one) pieces of shares, the step of increase constitutes one share. Increase is performed until demand equalization (pent-up demand of retail investors taking into account implementation of subitems 1) and 2) of Item 3 structures) and offers (the number of the remained placed shares after implementation of subitems 1) and 2) of Item 3 structures);

4) the shares unclaimed by retail investors taking into account realization of Items 1), 2) and 3) of Item 3 structures, are distributed for benefit of the institutional investor according to the submitted application.

4. The shares unclaimed by investors taking into account realization of Item 3 structures, are placed in the organized market of securities not earlier than in 6 (six) months after date of placement within the National IPO Program in the procedure established by the legislation of the Republic of Kazakhstan.

5. Features of distribution of shares.

In case of distribution of shares among different groups of investors at their primary placement submission due date of the request within subscription period is not considered.

 

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