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Kazatomprom Announces EGM Voting Results

6 February 2023
Kazatomprom Announces EGM Voting Results

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 03 February 2023 at 18:00 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 04 January 2023, the total number of voting shares was 261,943,774. Shareholders and their authorised representatives, holding a total of 197,139,602 shares (representing 75.26% of the total number of voting shares of the Company), submitted their votes. Shareholders voted on the issue on the EGM agenda and the following decision was made.

Decisions

For

%

Against

%

Abstained

%

1. On the composition of the Board of Directors of Kazatomprom

197,139,571

99.99998%

0

0.00%

31

0.0002%

On the composition of Kazatomprom’s Board of Directors

Based on the voting results of the EGM, Mr. Armanbay Zhubaev was elected as an independent director of the Board of Directors of Kazatomprom.

Armanbay Zhubaev has more than 10 years of experience in consulting, in particular, he participated in projects to develop strategies, business plans to attract investments, plans to improve operational efficiency, as well as to prepare state planning documents. Over the years, he has worked as a director at PricewaterhouseCoopers (Kazakhstan), as a senior manager at KPMG (Kazakhstan), as well as at other international companies.

Corresponding to the aforementioned change in the composition of the Company's Board of Directors, the Board of Directors plans to determine the updated composition of the committees under the Board of Directors at its next meeting on 16 February 2023. It should also be noted that with the election of Mr. Zhubaev, the share of independent directors in the Company's Board of Directors will reach 50%, which will have a positive impact on corporate governance within the Company.

For more information, please contact:

Extraordinary General Meeting of Shareholders Inquiries

Assem Mukhamedyarova, Corporate Secretary

Tel.: +7 7172 45 81 63

Email: amukhamedyarova@kazatomprom.kz

Kazatomprom Investor Relations Inquiries

Yerlan Magzumov, Director, Investor Relations

Tel.: +7 7172 45 81 80 / 69

Email: ir@kazatomprom.kz

Kazatomprom Public Relations and Media Inquiries

Sabina Kumurbekova, Director, Government and Public Relations

Gazhaiyp Kumisbek, Chief Expert, Government and Public Relations

Tel.: +7 7172 45 80 22

Email: pr@kazatomprom.kz

A copy of this announcement is available at www.kazatomprom.kz.

About Kazatomprom

Kazatomprom is the largest uranium producer in the world with natural uranium production in proportion to the Company's participatory interest in the amount of about 24% of the total global primary uranium production in 2021. The group has the largest uranium reserve base in the industry. Kazatomprom, together with subsidiaries, affiliates and joint organizations, is developing 26 deposits combined into 14 uranium-mining enterprises. All uranium mining enterprises are located on the territory of the Republic of Kazakhstan and when mine uranium use in-situ recovery technology, paying particular attention to best HSE practices and means (ISO 45001 and ISO 14001 certified).

Kazatomprom's securities are listed on the London Stock Exchange, the Astana International Exchange and the Kazakhstan Stock Exchange. Kazatomprom is the National Atomic Company of the Republic of Kazakhstan, and the main customers of the group are operators of nuclear generating capacities, and the main export markets for products are China, South and East Asia, North America and Europe. The Group sells uranium and uranium products under long-term and short-term contracts, as well as on the spot market directly from its corporate centre in Astana, Kazakhstan, as well as through a trading subsidiary in Switzerland, Trading House KazakAtom (THK).

For more information, please, visit our website http://www.kazatomprom.kz

Forward Looking Information

All statements, other than statements of historical fact, included in this message or document are statements regarding the future. Statements regarding the future reflect the Company's current expectations and estimates regarding its financial condition, results of operations, plans, goals, future results and activities. Such statements may include, but are not limited to, statements before which, after which or where words such as “goal”, “believe”, “expect”, “intend”, “possibly”, “anticipate”, “evaluate”, “plan”, “project”, “will”, “may”, “probably”, “should”, “may” and other words and terms of a similar meaning or their negative forms are used.

Such statements regarding the future include known and unknown risks, uncertainties and other important factors beyond the control of the Company, which may lead to the fact that the actual results, indicators or achievements of the Company will significantly differ from the expected results, indicators or achievements expressed or implied by such statements regarding the future. Such statements regarding the future are based on numerous assumptions regarding the current and future business strategy of the Company and the conditions in which it will operate in the future.

INFORMATION ON THE ESTIMATES CONTAINED IN THIS DOCUMENT ARE BASED ON SEVERAL ASSUMPTIONS ABOUT FUTURE EVENTS AND ARE SUBJECT TO SIGNIFICANT ECONOMIC AND COMPETITIVE UNCERTAINTIES AND OTHER CONVENTIONALITIES, NONE OF WHICH CAN NOT BE PREDICTED WITH CERTAINTY AND SOME OF WHICH ARE OUTSIDE OF THE COMPANY'S CONTROL. THERE CAN NOT BE ANY WARRANTY THAT THE ESTIMATES WILL BE REALIZED AND THE ACTUAL RESULTS MAY BE ABOVE OR BELOW THAN SPECIFIED. NONE OF THE COMPANY - NO SHAREHOLDERS, NO DIRECTORS, NO OFFICERS, NO EMPLOYEES, NO CONSULTANTS, NO AFFILIATES NOR ANY REPRESENTATIVES OR AFFILIATES LISTED ABOVE BEAR RESPONSIBILITY FOR THE ACCURACY OF THE ESTIMATES PRESENTED IN THIS DOCUMENT.

The information contained in this message or document, including, but not limited to, statements regarding the future, is applicable only as of the date of this document and is not intended to provide any guarantees regarding future results The Company expressly disclaims any obligation to disseminate updates or changes to such information, including financial data or forward-looking statements, and will not publicly release any changes that it may make to information arising from changes in the Company's expectations, changes in events, conditions or circumstances on which such statements regarding the future are based, or in other events or circumstances arising after the date of this document.

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