EGM Voting Results and Corporate Update

22 June 2021
EGM Voting Results and Corporate Update

JSC National Atomic Company “Kazatomprom” (“Kazatomprom” or “the Company”) announces today the in-absentia voting results on the issue of the agenda of the Extraordinary General Meeting of Shareholders (“EGM”), summed up on 22 June 2021 at 10:30 am local time (GMT+6).

At the time of the EGM, a total of 259,356,608 shares were outstanding; according to the shareholder register and information on the owners of shares in nominal holding as of 11 May 2021, the total number of voting shares was 222,725,798. Shareholders and their authorized representatives, holding 221,091,957 shares (representing 99.26% of the total number voting shares), submitted their votes. The sole resolution contained in the EGM agenda was approved by the Company’s shareholders.

Resolution

Votes For

%

Votes Against

%

Withheld

%

On the composition of the Board of Directors of NAC Kazatomprom JSC.

220,634,566

99.80%

116,100

0.05%

341,291

0.15%

On the composition of the Board of Directors of NAC Kazatomprom JSC

By the decision of the EGM, the following individuals were elected as members of the Company’s Board of Directors (the “Board”), representing the interests of the Company’s majority shareholder, Samruk-Kazyna JSC:

Bolat Akchulakov

Mr. Akchulakov has worked in the Samruk-Kazyna JSC group for over 10 years, holding various roles including President of KazMunayGas JSC. His past experience also includes Vice Minister of Energy of the Republic of Kazakhstan, and General Director of the KAZENERGY Association. Since April 2021, he has been the Managing Director for Asset Management of Samruk-Kazyna JSC.

Nazira Nurbaeva

Mrs. Nazira has over 20 years of experience working within the “big four” accounting and professional services firms, specializing in the area of taxation. She has also worked with large international and Kazakhstani-based companies in the oil and gas, oilfield services, mining, and other industries, and she is currently the Managing Director for Economics and Finance (CFO) of Samruk-Kazyna JSC.

Yernar Zhanadil

Mr. Zhanadil has worked for the Samruk-Kazyna group for over 10 years, having previously worked for the international accounting firm, PricewaterhouseCoopers. He holds various international professional certificates, including CMA, IPMA, ACCA. He currently holds the position of Managing Director for Investment, Privatization and International Cooperation at Samruk-Kazyna JSC.

Following this change to the Board’s composition, an amendment to the composition of the Board of Directors’ Committees will be proposed at the Board’s upcoming meeting on 24 June 2021.

Full biographies of the new and existing Board members, as well as the new compositions of the Board Committees, will be available on the Company’s website, www.kazatomprom.kz

Reports on payment to Governments

In compliance with the 2014 United Kingdom Regulations for Reporting on Payments to Governments (as amended in December 2015), Kazatomprom announces the publication of information with respect to payments made by the Company and its subsidiaries to governments for the year ended 31 December 2020

This report is available at the Company’s website www.kazatomprom.kz and on the London Stock Exchange, Astana International Exchange and Kazakhstan Stock Exchange.

KazPV asset restructuring update

Kazatomprom is continuing with the sale of its non-core solar energy assets (Astana Solar LLP, Kazakhstan Solar Silicon LLP and KazSilicon Metallurgical Plant LLP– collectively “KazPV”) as part of the Comprehensive Privatization Plan for 2021–2025, approved by the Government of the Republic of Kazakhstan.

Astana Solar LLP

The initial online auctions to sell the asset, held on 12 February 2021 and 12 March 2021 (see press release dated 05 March 2021), were declared invalid due to a lack of participation at the beginning of the electronic auction process (less than two participants registered). As a result, another bearish auction without setting a minimum price will now take place on 29 June 2021, where Kazatomprom’s 100% stake in the authorized share capital of Astana Solar LLP will be sold.

To participate in the auction and obtain further details, potential buyers must qualify and register on the web portal of the state property register www.e-auction.gosreestr.kz.

Kazakhstan Solar Silicon LLP

On 15 April 2021, an auction was held on the web portal of the state property register to sell Kazatomprom’s 100% stake Kazakhstan Solar Silicon LLP. The auction was held in accordance with the Law of the Republic of Kazakhstan "On the National Welfare Fund" and the Regulations of the State Property Register.

An auction winner was identified and the sale of the asset will be completed once the successful buyer completes payment and signs a certificate of acceptance of the asset (procedures underway).

KazSilicon Metallurgical Plant LLP

The auctions to sell KazSilicon Metallurgical Plant LLP were held on 12 February 2021 and 12 March 2021 (see press release dated 05 March 2021), but in both instances, the results were declared invalid due to a lack of participation at the beginning of the electronic auction process (less than two participants registered). The process to sell KazSilicon Metallurgical Plant LLP therefore continues, with additional details to be provided once available.

For further information, please contact:

Extraordinary General Meeting of Shareholders Inquiries

Maira Tnymbergenova, Corporate Secretary

Tel: +7 7172 45 81 63

Email: mtnymbergenova@kazatomprom.kz

Participation in the Auction Inquiries

Daniyar Arstanov, Chief manager of Asset Management Department

Tel: +7 7172 45 38 88 (10162)

Email: darstanov@kazatomprom.kz

Kazatomprom Investor Relations Inquiries

Cory Kos, Head of Investor Relations

Tel: +7 7172 45 81 80

Email: ir@kazatomprom.kz

Kazatomprom Public Relations and Media Inquiries

Torgyn Mukayeva, Chief Expert, GR & PR

Tel: +7 7172 45 80 63

Email: pr@kazatomprom.kz

About Kazatomprom

Kazatomprom is the world's largest producer of uranium, with the Company’s attributable production representing approximately 23% of global primary uranium production in 2020. The Group benefits from the largest reserve base in the industry and operates, through its subsidiaries, JVs and Associates, 26 deposits grouped into 14 mining assets. All of the Company’s mining operations are located in Kazakhstan and mined using ISR technology with a focus on maintaining industry-leading health, safety and environment standards (ISO 45001 and ISO 14001 certified).

Kazatomprom securities are listed on the London Stock Exchange and Astana International Exchange. As the national atomic company in the Republic of Kazakhstan, the Group's primary customers are operators of nuclear generation capacity, and the principal export markets for the Group's products are China, South and Eastern Asia, Europe and North America. The Group sells uranium and uranium products under long-term contracts, short-term contracts, as well as in the spot market, directly from its headquarters in Nur-Sultan, Kazakhstan, and through its Switzerland-based trading subsidiary, Trade House KazakAtom AG (THK).

For more information, please see the Company website at http://www.kazatomprom.kz

Forward-looking statements

All statements other than statements of historical fact included in this communication or document are forward-looking statements. Forward-looking statements give the Company’s current expectations and projections relating to its financial condition, results of operations, plans, objectives, future performance and business. These statements may include, without limitation, any statements preceded by, followed by or including words such as “target,” “believe,” “expect,” “aim,” “intend,” “may,” “anticipate,” “estimate,” “plan,” “project,” “will,” “can have,” “likely,” “should,” “would,” “could” and other words and terms of similar meaning or the negative thereof. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the Company’s control that could cause the Company’s actual results, performance or achievements to be materially different from the expected results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the Company’s present and future business strategies and the environment in which it will operate in the future. THE INFORMATION WITH RESPECT TO ANY PROJECTIONS PRESENTED HEREIN IS BASED ON A NUMBER OF ASSUMPTIONS ABOUT FUTURE EVENTS AND IS SUBJECT TO SIGNIFICANT ECONOMIC AND COMPETITIVE UNCERTAINTY AND OTHER CONTINGENCIES, NONE OF WHICH CAN BE PREDICTED WITH ANY CERTAINTY AND SOME OF WHICH ARE BEYOND THE CONTROL OF THE COMPANY. THERE CAN BE NO ASSURANCES THAT THE PROJECTIONS WILL BE REALISED, AND ACTUAL RESULTS MAY BE HIGHER OR LOWER THAN THOSE INDICATED. NONE OF THE COMPANY NOR ITS SHAREHOLDERS, DIRECTORS, OFFICERS, EMPLOYEES, ADVISORS OR AFFILIATES, OR ANY REPRESENTATIVES OR AFFILIATES OF THE FOREGOING, ASSUMES RESPONSIBILITY FOR THE ACCURACY OF THE PROJECTIONS PRESENTED HEREIN. The information contained in this communication or document, including but not limited to forward-looking statements, applies only as of the date hereof and is not intended to give any assurances as to future results. The Company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to such information, including any financial data or forward-looking statements, and will not publicly release any revisions it may make to the Information that may result from any change in the Company’s expectations, any change in events, conditions or circumstances on which these forward-looking statements are based, or other events or circumstances arising after the date hereo

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