KAZAKHSTAN STOCK EXCHANGE · 2020-04-14 · Kazakhstan Stock Exchange JSC and their quotation in said list are not recommendations to purchase those securities nor should they be

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KAZAKHSTAN STOCK EXCHANGE

A p p r o v e d

by a decision of the Board of Directors of Kazakhstan Stock Exchange

(minutes No. 15 dated April 27, 2017)

Effective as of

June 1, 2017

LISTING RULES

Warning

Inclusion of securities in the Official List of Kazakhstan Stock Exchange JSC

and their quotation in said list are not recommendations to purchase those securities nor should they be perceived

as such recommendations.

Accordingly, Kazakhstan Stock Exchange JSC (hereinafter – the Exchange) cannot carry any responsibility towards agents of the securities market and other persons

for any consequences of its decisions and actions on inclusion of securities in the Exchange's Official List, transfer of securities from one category of said list to another and removal of securities from said list, as well as for any consequences of investing in such securities or conclusion of any deals in such

securities.

As follows from the above stated the Exchange cannot be responsible for non-fulfillment or inappropriate fulfillment of obligations by issuers of securities, present in the Official List, on these securities, as well as for non-fulfillment or inappropriate fulfillment of obligations by guarantors of

obligations fulfillment on these securities.

The Exchange strives for information disclosure on issuers of securities, present in the Exchange’s Official List, and their activities in compliance with these Rules and other Exchange internal

documents, but is not responsible for such information completeness, accuracy, reliability and relevance, and for such information hiding by individuals, obliged to submit such information to the

Exchange.

Almaty 2017

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L I S T O F A M E N D M E N T S

1. Changes No. 1:

– approved by a decision of the Board of Directors of Kazakhstan Stock Exchange JSC (minutes No. 18 of meeting on June 8, 2017);

– effective as of June 9, 2017.

2. Additions and changes No. 2:

– approved by a decision of the Board of Directors of Kazakhstan Stock Exchange JSC (minutes No. 25 of an absentee voting of members of the Board of Directors of Kazakhstan Stock Exchange JSC on September 25, 2017);

– effective as of September 26, 2017.

3. Changes and additions No. 3:

– approved by a decision of the Board of Directors of Kazakhstan Stock Exchange JSC (minutes No. 27 of a meeting on October 12, 2017);

– effective as of October 13, 2017.


– approved by a decision of the Board of Directors of Kazakhstan Stock Exchange JSC (minutes No. 5 of a meeting on March 14, 2018);

– effective as of March 15, 2018.


– approved by a decision of the Board of Directors of Kazakhstan Stock Exchange JSC (minutes No. 33 of a meeting on November 7, 2018);

– effective as of November 12, 2018;

as of January 1, 2019 – sub-item 2) of item 10, second paragraph of sub-item 2) of item 11, ninth paragraph of sub-item 1) of item 14, fifth and sixth paragraphs of sub-item 1) of item 15, sub-item 3) of item 16, sub-item 1) of item 17, third paragraph of sub-item 1) and seventh paragraph of sub-item 2) of item 18, sub-item 2) of item 21 of changes and additions No. 5.


– approved by a decision of the Board of Directors of Kazakhstan Stock Exchange JSC (minutes No. 36 of a meeting on November 29, 2018);

– effective as of November 30, 2018.

7. Changes No. 7:

– approved by a decision of the Board of Directors of Kazakhstan Stock Exchange JSC (minutes No. 5 of a meeting on January 29, 2019);

– effective as of January 30, 2019.

8. Changes No. 8:

– approved by a decision of the Board of Directors of Kazakhstan Stock Exchange JSC (minutes No. 15 of a meeting on March 19, 2019);

– effective as of March 20, 2019.


– approved by a decision of the Board of Directors of Kazakhstan Stock Exchange JSC (minutes No. 26 of a meeting on May 28, 2019);

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– effective as of May 29, 2019, except for changes and additions to item 1 of Article 16, to item 1 of Article 17, to item 1 of Article 18, to Article 19 of these Rules, to paragraph one of column 3 of line 13 of Appendix 3.1 to these Rules.

changes and additions to item 1 of Article 16, to item 1 of Article 17, to item 1 of Article 18, to Article 19 of these Rules, to paragraph one of column 3 of line 13 of Appendix 3.1 to these Rules, to column 2 of line 5 of Appendix 3.2 to these Rules are effective as of September 23, 2019.


– approved by a decision of the Board of Directors of Kazakhstan Stock Exchange JSC (minutes No. 40 of a meeting on August 26, 2019);

– effective as of August 27, 2019.

11. Changes No. 11:

– approved by a decision of the Board of Directors of Kazakhstan Stock Exchange JSC (minutes No. 44 of a meeting on September 16, 2019);

– effective as of September 23, 2019.

12. Amendments and changes No. 12:

– approved by a decision of the Board of Directors of Kazakhstan Stock Exchange JSC (minutes No. 2 of an absentee voting of members of the Board of Directors of Kazakhstan Stock Exchange JSC held on January 20, 2020);

– effective as of January 1, 2020.


– approved by a decision of the Board of Directors of Kazakhstan Stock Exchange JSC (minutes No. 6 of the meeting on February 26, 2020);

– effective as of February 27, 2020.


– approved by a decision of the Board of Directors of Kazakhstan Stock Exchange JSC (minutes No. 17 of the meeting on May 27, 2020);

– effective as of May 28, 2020.

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T A B L E O F C O N T E N T S

Preamble ................................................................................................................................................. 7

Section 1. GENERAL PROVISIONS ........................................................................................ 7

Article 1. Main concepts and designations ............................................................................. 7

Article 2. Scope of these Rules ............................................................................................. 11

Article 3. Main listing regulations .......................................................................................... 11

Article 4. Restrictions of the listed company and admittance initiator's rights ...................... 13

Article 5. Obligations of the Exchange towards admittance initiators ................................... 14

Article 6. Listing agreement .................................................................................................. 14

Article 7. Financial advisor .................................................................................................... 15

Article 8. The Official List's structure ..................................................................................... 15

Section 2. LISTING REQUIREMENTS AND PROCEDURES ............................................... 16

Chapter 1. LISTING REQUIREMENTS ................................................................................... 16

Article 9. Basic and Additional Listing Requirements ........................................................... 16

Article 9-1. Criteria for inclusion and quotation of securities in the Main market of the Official List ......................................................................................................................... 17

Article 10. Listing requirements for including securities in the Official List and their quotation therein .................................................................................................................... 18

Chapter 2. LISTING PROCEDURES ...................................................................................... 19

Article 11. General provisions on listing procedures .............................................................. 20

Article 12. Listing procedures.................................................................................................. 20

Article 12-1. Additional Procedures………………………………………………………………….. 22

Section 3. LISTING FEES ...................................................................................................... 22

Article 13. General provisions on listing fees .......................................................................... 21

Section 4. INFORMATION DISCLOSURE ............................................................................. 24

Chapter 1. DISCLOSURE OF INFORMATION AT SECURITIES ADMISSION ..................... 24

Article 14. Documents provided to the Exchange ................................................................... 24

Article 15. Additional information ............................................................................................ 25

Chapter 2. INFORMATION DISCLOSURE DURING SECURITIES' PRESENCE IN OFFICIAL LIST ...................................................................................................... 25

Article 15-1. Restriction of the scope of this chapter ................................................................. 25

Chapter 16. Periodical reporting ................................................................................................ 25

Article 17. Disclosure of information on current operations and corporate events of listed companies .............................................................................................................. 25

Article 18. Disclosure of information about events, significantly affecting investors' interests ................................................................................................................. 26

Article 18-1. Disclosure of information during an IPO in the Exchange's trading system .......... 26

Article 19. Additional terms of information disclosure ............................................................. 27

Article 20. Deadlines for provision of information to the Exchange ........................................ 29

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Article 21. Peculiarities of information disclosure in case of initial or consecutive securities listing on other stock exchanges ............................................................................ 30

Article 22. Non-disclosure or untimely disclosure of information by the Issuer ...................... 30

Chapter 3. INFORMATION DISSEMINATION ........................................................................ 31

Article 23. Dissemination by the Exchange of received information ....................................... 31

Section 5. TRADES ................................................................................................................ 31

Article 24. Opening of trades .................................................................................................. 31

Article 25. Suspension and termination of trades ................................................................... 33

Section 6. FINAL PROVISIONS ............................................................................................. 34

Article 26. Procedure of giving effect to these Rules .............................................................. 34

Appendices 1. LISTING REQUIREMENTS ................................................................................... 35

Appendix 1.1. The "Main" market. The "Shares" sector. The "Premium" category ...................... 35

Appendix 1.2. The "Main" market. The "Shares" sector. The "Standard" category ...................... 38

Appendix 1.3. The "Main" market. The "Debt securities" sector. The "Bonds" category .............. 40

Appendix 1.4. The "Main" market. The "Debt securities" sector. The "Commercial bonds" category ................................................................................................................. 42

Appendix 1.5. The "Main" market. The "Bank deposit certificates" sector ................................... 44

Appendix 1.6. The "Alternative" market. The "Shares" sector ...................................................... 46

Appendix 1.7. The "Alternative" market. The "Debt securities" sector. The "Bonds" category ................................................................................................................. 47

Appendix 1.8. The "Alternative" market. The "Debt securities" sector. The "Commercial bonds" category ........................................................................ 48

Appendix 1.9. The "Mixed" market. The "Islamic securities" sector ............................................. 49

Appendix 1.10. The "Mixed" market. The "Securities of investment funds" sector......................... 52

Appendix 1.11. The "Mixed" market. The "Securities of international financial institutions" sector .................................................................................................. 57

Appendix 1.12. The "Mixed" market. The "Government" securities ............................................... 58

Appendices 2. LISTING PROCEDURES ...................................................................................... 60

Appendix 2.1. Issue of a preliminary opinion ................................................................................ 60

Appendix 2.2. Full listing procedures ............................................................................................ 62

Appendix 2.3 Simplified listing procedures. Securities quoted on other stock exchanges. Securities of the Exchange .................................................................................... 71

Appendix 2.4. Simplified listing procedures. Commercial bonds .................................................. 75

Appendix 2.5. Simplified listing procedures. Securities of international financial institutions ....... 78

Appendix 2.6. Simplified listing procedures. Government securities ............................................ 82

Appendix 2.7. Simplified listing procedures. Securities of the issuer, which buys non-business mortgage loans of individuals and one hundred percent of shares of which is owned by the National Bank of Kazakhstan .......................................................... 88

Appendices 3. Documents subject to provision for inclusion of securities in the Exchange's Official List ........................................................................................................... 93

Appendix 3.1 The list of documents subject to provision for consideration of an application for inclusion of securities (except for commercial bonds) in

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the Exchange's Official List .................................................................................... 93

Appendix 3.2. Requirements for documents subject to presentation for consideration of the application for inclusion of securities in the "Commercial bonds" category of "Debt securities" sector of the Exchange's Official List ................................................. 116

Appendix 4.1. The List of documents subject to presentation to the Exchange with securities quoted in the Official List which were included in said list using the full listing procedures ...................................................................... 117

Table 1. Periodical reports provided by the admittance initiator by deadlines and according to terms specified in the listing agreement .......................................................... 117

Table 2. Periodical statements provided by deadlines specified in Appendix 4.1 ............. 118

Table 3. Disclosure of information on current activities of listed companies ..................... 121

Table 4. Documents and information on corporate events subject to provision within 10 business days from the date of occurrence of the event ..................................... 125

Table 5. Information on events affecting investors' interests ............................................. 130

Table 6. Documents and information subject to provision within three business days after the date of occurrence of the event ..................................................................... 133

Appendix 5.1. The list of international financial institutions whose securities (bonds) can be included in the "Securities of international financial institutions" sector of the "Mixed" market of the Exchange's Official List .................................................... 139

Appendix 5.2. Requirements of the Exchange for information disclosure in an investment memorandum or other document similar in its purpose ...................................... 141

Appendix 5.3. Requirements for financial statements submitted ................................................ 153

Appendix 5.4. Requirements for the auditing of listed companies and organizations – candidates for listed companies ................................................. 155

Appendix 5.5. (This appendix was removed following a decision of the Exchange's Board of Directors dated March 14, 2018) 157

Appendix 5.6. Application for inclusion of securities in the "Commercial bonds" category of the "Debt securities" sector of the market [indicate the market] of the Official List of Kazakhstan Stock Exchange JSC ....................................................................... 158

Appendix 5.7 Calculation of the book value per share. ............................................................. 159

Appendix 5.8. Requirements of the Exchange for disclosure of information in the listed company's annual report ...................................................................................... 161

Appendix 5.9. Requirements of the Exchange for the Competent person ................................. 173

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These Rules have been developed in compliance with the legislation of the Republic of Kazakhstan and define terms and procedure of securities inclusion to the Exchange’s Official List and their presence in the Exchange’s Official List.

Section 1. GENERAL PROVISIONS

Article 1. Main concepts and designations

1. Concepts and designations used in these Rules mean the following:

1) "delisting" means removal of corporate securities from the Exchange’s Official List . Delisting of any securities means their exclusion from securities admitted to circulation on the Exchange;

2) "voluntary delisting" means removal of any securities from the Exchange’s Official List at their admittance initiator initiative;

3) "debt security" – as this concept is defined by the statutory act of the Authorized Body setting listing requirements;

4) "investment memorandum" means information and explanatory document on securities and their issuer not imposing obligations on these securities issuer or the initiator of admittance of these securities (if he is not their issuer);

5) "ETF" – Exchange Traded Fund – is a fund whose assets represent financial instruments admitted to circulation on a stock exchange being a full member of the World Federation of Exchanges, or the London Stock Exchange Group (London Stock Exchange and Borsa Italiana SpA), or Astana International Exchange, or whose securities are admitted to circulation on any of said stock exchanges (this sub-item was changed by a decision of the Exchange's Board of Directors dated November 7, 2018);

6) "securities admittance initiator" or "admittance initiator" – as the concept "admittance initiator" is defined by the statutory act of the Authorized Body setting listing requirements;

7) "foreign security" means a security, issued in compliance with the legislation of a country other than the Republic of Kazakhstan;

8) "foreign government securities" mean securities falling under the definition of the concept "foreign government serial security", as this notion is defined in the Act on Securities Market;

9) "Internet-site" means the same as the "corporate website", as this concept is determined by the Act of the Republic of Kazakhstan "On Joint-stock Companies", or "Internet-resource", as this concept is determined by the Act of the Republic of Kazakhstan "On Informatization" of January 11, 2007;

10) "commercial bonds" – bonds with a circulation term of no longer than 12 months;

11) "Competent person" – a person possessing professional knowledge in the field of mining or oil and gas industry and meeting requirements specified in Appendix 5.9 to these Rules;

12) "corporate event" – an event affecting operations of the issuer, influencing interests of securities holders and interests of the issuer, out of those defined in item 5 of Article 102 of the Act on the Securities Market (this sub-item was changed by a decision of the Exchange's Board of Directors dated January 29, 2019);

13) "listing agreement" or "agreement on listing" – an agreement (being) concluded between the Exchange and initiator of admittance of particular

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securities which determines particular aspects of relations regarding inclusion of those securities in the Exchange's Official List and their quotation in said list, allowed by the applicable laws, these Rules and other internal documents of the Exchange;

14) "Listing Commission" – the permanent nonstructural body of the Exchange the main function of which in accordance with the laws of the Republic of Kazakhstan is decision-making on listing, delisting or Exchange Official List category change related issues;

15) "listed company" – as this concept is defined by the statutory act of the Authorized Body setting listing requirements;

16) "listing requirements" – requirements specified in the statutory act of the Authorized Body, these Rules and other Exchange internal documents for securities and their issuers for purposes of securities inclusion to the Official List and their presence therein;

17) "listed securities" – securities of particular title, present in the Exchange’s Official List;

18) "listing fees" – the Exchange fees, payable for inclusion (possibility of inclusion) of securities to the Exchange’s Official List and presence in this list;

19) "market-maker" – as this concept is defined in the Exchange's internal document "Regulations on Market-Makers", approved by a decision of the Exchange's Board of Directors (meeting minutes No. 22 dated August 31, 2016);

20) "municipal securities" – securities issued by local executive bodies of a region, city of republican importance and capital of the Republic of Kazakhstan;

21) "MCI" – monthly calculation index for accounting of pensions, allowances and other social payments, as well as for application of penalties, taxes and other payments in compliance with laws of the Republic of Kazakhstan, the value of which is set by laws of the Republic of Kazakhstan on the national budget for respective years;

22) "subsoil user" – as this definition is determined by the code of the Republic of Kazakhstan "On subsoil and subsoil use" of December 27, 2017 (this sub-item was changed by a decision of the Exchange's Board of Directors dated August 26, 2019);

23) "independent Competent person" – Competent person that prepared a public report for purposes of informing investors, including prospective ones, and their advisors on results of geological surveys carried out by the subsoil user on the field(s), as well as on resources and deposits of minerals or oil and gas in that field (those fields), and not being an employee, affiliated person or related party of that subsoil user;

24) "non-financial organization" – an organization, which is not a financial organization;

25) "issuer's obligations on issued securities" or "obligations on securities" – the securities issuer's property (monetary) obligations to their holders, fulfillment of which means appropriate exercising by these holder of their rights, attested by these securities or implied by ownership of securities (a joint stock company obligations to completely and timely pay dividends on shares, bonds issuer obligations to completely and timely pay dividends on these bonds and amounts at these bonds maturity, other possible property obligations of securities issuer to their holders);

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26) "Exchange’s Official List" or "Official List" – as concept "Official List of the stock exchange (official list)" is defined by the statutory act of the Authorized Body setting listing requirements;

27) "activities plan" – a listed company's activities plan on removal of basis for its debt securities transfer to the buffer category, approved by this listed company's Board of Directors (the Supervisory Board of the listed company established in a legal form, other than a joint stock company);

28) (this sub-item was removed by a decision of the Exchange's Board of Directors dated November 7, 2018);

29) "index universe" – the list of securities, whose parameters are used for purposes of calculating particular indicator of the stock exchange index;

30) "derivative securities" – as this concept is defined by the Act "On the Securities Market", as well as depositary receipts whose underlying asset are stocks;

31) "interim financial statements" – financial statements for the period less than a full fiscal year;

32) "public report of the Competent person" – a public report prepared by the Competent person for purposes of informing investors, including prospective ones, and their advisors on results of geological surveys carried out by the subsoil user on the field(s), as well as on resources and deposits of minerals or oil and gas in that field (those fields), (irrespective of the actual title of such report in accordance with the standards of geological reporting, using which such report was prepared);

33) "registrar" – (in relation to legal entities of the Republic of Kazakhstan) as this concept is defined by the Law "On Securities Market";

(in relation to foreign legal entities) a special organization similar to a registrar or similar by authorities, functions and responsibility;

34) "resident of the Republic of Kazakhstan" – legal entity recognized as an organization – resident of the Republic of Kazakhstan in accordance with item 3 of Article 22-1 of the Act "On the Securities Market";

35) "republican securities" – securities issued by the Ministry of Finance of Republic of Kazakhstan, also in accordance with laws of a state other than the Republic of Kazakhstan (government treasury obligations, government Islamic securities), and by the National Bank of Republic of Kazakhstan (short-term notes of the National Bank of Republic of Kazakhstan);

36) (this sub-item was removed by a decision of the Exchange's Board of Directors dated February 26, 2020);

37) "Special Purpose Vehicle" – a legal entity incorporated under the laws of a foreign country whose sole activity is raising money, also by issuing and offering debt securities with its founder(s), partner(s), shareholder(s) – legal entity(entities) of the same or another state or their affiliated persons acting as guarantors;

38) "standards of geological reporting on oil and gas" – standards SPE-PRMS (Petroleum Resources Management System), developed by the Society of Petroleum Engineers; SAMOG (The South African Code for the Reporting of Oil and Gas Resources), developed by The South African Mineral Resources Committee; standard NI51-101 (National Instrument 51-101), developed by Canadian Securities Administrator;

39) "standards of public reporting CRIRSCO" – international standards on mineral reserves developed by organizations being members of the Committee for Mineral Reserves International Reporting Standards (CRIRSCO), including Canadian Institute of Mining, Metallurgy and

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Petroleum (CIM), The South African Mineral Resources Committee (SAMREC), The Joint Ore Reserves Committee (JORC), Competency Assessment Committee in Mining Resources and Reserves (Comision Minera), Pan-European Reserves and Resources Reporting Committee (PERC), Society for Mining, Metallurgy and Exploration (SME), The Mongolian Professional Institute of Geosciences and Mining (MPIGM), Association of organizations in the field of subsoil use "National association for expertise of subsoil" (NAEN), Union of legal entities "Kazakhstan's Association for Public Reporting of Exploration Results, Mineral Resources and Mineral Resources" (KAZRC);

40) "significant information" – information on changes in the securities issuer's activities, affecting interests of holders of those securities (as such changes are defined by the Act "On the Securities Market"), and any other information, which can be used to characterize this issuer's capability to fulfill his obligations on those securities and/or can influence those securities' price (this sub-item was changed by a decision of the Exchange's Board of Directors dated January 29, 2019);

41) (this sub-item was removed by a decision of the Exchange's Board of Directors dated November 7, 2018);

42) "Authorized Body" is the authorised body for regulation, control and supervision of the financial market and financial institutions (this sub-item was changed by the decision of the Exchange’s Board of Directors of January 20, 2020);

43) "financial organization" – as this concept is defined by the Act of the Republic of Kazakhstan "On Government Regulation and Supervision of Financial Market and Financial Organizations" of July 4, 2003;

44) "financial advisor" – an organization providing counseling services on inclusion and presence of securities in the Exchange’s Official List;

45) "securities of a non-resident" – securities issued under the laws of countries other than the Republic of Kazakhstan, whose issuers are no (acknowledged as) residents of the Republic of Kazakhstan, also for reasons specified in Article 22-1 of the Law "On Securities Market";

46) "Central Depository" – Central Securities Depository (Almaty, Republic of Kazakhstan);

47) "electronic digital signature" – as this concept is defined by the Act of the Republic of Kazakhstan "On the Electronic Document and Electronic Digital Signature" of January 7, 2003;

48) "issuance document" – a document, submitted by the securities issuer for government or another (applied in the state, in compliance with whose legislation these securities were issued) registration of these securities issue, and which asserts such registration fact (if required by the legislation in compliance with which these securities were issued);

49) "securities issuer" or "issuer" – as concept "issuer" is defined by the Act of the Republic of Kazakhstan "On Securities Market";

50) "IPO" – Initial Public Offering – initial public offering of shares to unrestricted public. It includes Primary Public Offering (PPO) – primary public offering of shares to unrestricted public, as well as Secondary Public Offering (SPO) – secondary public offering of shares to unrestricted public or the first public offering of shares belonging to a major (the sole) shareholder or a group of shareholders;

51) "is2in" – ISSUERS TO INVESTORS – specialized system of electronic document exchange between securities admittance initiators and the Exchange, which allows admittance initiators to transfer to the Exchange documents and data in electronic form (without presenting those documents

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in print and information messages) with their subsequent automatic placement on the Internet site of the Exchange.

2. For purposes of these Rules:

1) the JSC Act means the Act of Republic of Kazakhstan "On Joint-Stock Companies" dated May 13, 2003;

2) the Securities Market Act means the Act of Republic of Kazakhstan "On Securities Market" dated July 2, 2003.

3. Other concepts and designations, used in these Rules, are identical to the concepts and designations, defined by the legislation of Republic of Kazakhstan.

4. Concepts and designations, used in these Rules can be used in other internal documents of the Exchange, in service documentations, in the Exchange's correspondence and exchange information.

Article 2. Scope of these Rules

1. These Rules apply to the following types of securities (with the exception specified in item 2 of this article):

1) securities issued by legal entities of the Republic of Kazakhstan in accordance with the legislations of the Republic of Kazakhstan and counties other than the Republic of Kazakhstan;

2) securities issued by foreign legal entities in accordance with the legislations of the Republic of Kazakhstan and counties other than the Republic of Kazakhstan;


4) derivative securities with corporate securities as the underlying assets, issued in accordance with the legislation of the Republic of Kazakhstan and other counties.

5) securities of international financial institutions;

6) republican securities;

7) municipal securities;

8) foreign government securities.

2. These Rules shall not apply to corporate securities admitted to circulation in the Exchange-operated trading held (to circulation on the Exchange) in the "Non-listed securities" sector, the main function of which is to enable members of the Exchange to trade on the regulated market in securities not listed on the Exchange.

The conditions and procedure of admission of securities to circulation on the Exchange and their quotation on the Exchange shall be regulated by its separate internal document.

Article 3. Main listing regulations

1. The listing's main objectives are:

1) verification of an issuer and its securities for compliance with requirements, established for listed securities and their issuers under the laws of the Republic of Kazakhstan and these Rules;

2) ranking of securities, being included to the Exchange's official list and those present in the mentioned list, based on the compliance of securities and their issuers with the listing requirements for purposes of differentiated

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application of norms, specified with regard to listed securities in the laws of the Republic of Kazakhstan and these Rules (this sub-item was supplemented by a decision of the Exchange's Board of Directors dated February 26, 2020);

3) disclosure of information about listed companies and listed securities (except for government securities, including foreign ones, and international financial institutions' securities, or securities issued by a special enterprise under a guarantee of an international financial institution) (this sub-item was supplemented by a decision of the Exchange's Board of Directors dated March 14, 2018).

2. Formal compliance of securities and their issuer with listing requirements as well as provision to the Exchange by these securities' admittance initiator of documents (for inclusion of these securities in the Official List and obtaining consent to inclusion in the Official List of bonds or depositary receipts, supposed for issue in compliance with the legislation of a country other than the Republic of Kazakhstan, or transfer of these securities from one category of the Official List to another, from one market of the Official List to another) in absolute compliance with norms, established by these Rules, does not oblige the Exchange to make a decision on such inclusion (consent, transfer) (this item was supplemented by a decision of the Exchange's Board of Directors dated May 28, 2019).

3. Inclusion of securities in the Official List, removal of securities from the Official List, as well as transfer of securities from one category of the Official List to another (from one market of the Official List to another) can be carried out using full or simplified listing procedures.

4. Issues of securities inclusion in the Official List, consent for inclusion in the Official List of bonds or depositary receipts, supposed to be issued in compliance with the legislation of a country other than the Republic of Kazakhstan, the possibility of transfer of securities from one category of the Official List to another, from one market of the Official List to another, and delisting using the full listing procedures, are considered by the Listing Commission (this item was supplemented by a decision of the Exchange's Board of Directors dated May 28, 2019).

5. Issues of securities' inclusion in the Official List, giving of consent to securities' inclusion in the Official List, removal of securities from the Official List, the possibility of transfer of securities from one category of the Official List to another, from one market of the Official List to another, and removal of securities from the Official List (delisting) using the simplified listing procedures, are considered by the Exchange's Management Board (this sub-item was supplemented by a decision of the Exchange's Board of Directors dated March 14, 2018).

6. A decision by the Listing Commission or Exchange's Management Board on issues mentioned in items 4 or 5 of this article is made based on opinions, developed by the Exchange's structural division – Listing Department, except for cases established by these Rules of such decisions making without conclusions development.

Conclusions developed by the Listing Department must contain the information on outcomes of verification of issuers and securities issued by them for compliance with the listing requirements (taking into account the particular aspect specified in item 7 of this article).

7. For taking decisions on conclusion of republican securities of particular title in the Official List, no conclusion of the Listing Department is needed.

8. Provision by the securities admittance initiator to the Exchange of documents (for inclusion of these securities in the Official List, the consent for inclusion to the Official List of bonds or depositary receipts, supposed to be issued in

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compliance with the legislation of a country other than the Republic of Kazakhstan, or transfer of securities from one category of the Official List to another, from one market of the Official List to another), containing incomplete, inaccurate, unreliable or irrelevant information is the sufficient rational for refusal of such inclusion (consent, transfer) (this item was supplemented by a decision of the Exchange's Board of Directors dated May 28, 2019).

9. Responsibility for the completeness, accuracy, reliability and relevance of the information on the issuer of securities, present in the Official List and its activities to be provided to the Exchange in compliance with the legislation of the Republic of Kazakhstan, these Rules, and listing agreements rests with these securities' admittance initiator.

The Exchange is not responsible for

1) provision by the admittance initiator of incomplete, inaccurate, unreliable or irrelevant information, based on which prospective investors may get the wrong idea about an issuer and its securities;

2) hiding by the admittance initiator of the information;

3) presence in documents provided by the admittance initiator to the Exchange as part of the fulfillment of the requirements for disclosure of information, personal data of persons who have not given written consent to disclose their personal data, information constituting commercial and other secret protected by law, as well as other information not subject to public distribution in accordance with the legislation of the Republic of Kazakhstan and/or the issuer's internal documents.

(This item was changed by a decision of the Exchange's Board of Directors dated May 27, 2020)

10. Coming into effect of the decision on inclusion of particular securities in the Official List (on giving consent for inclusion in the Official List of bonds or depositary receipts, supposed to be issued in compliance with the legislation of a country other than the Republic of Kazakhstan) also means these securities' admittance to circulation in the corresponding sector of the corresponding market on the Exchange (this item was supplemented by a decision of the Exchange's Board of Directors dated May 28, 2019).

11. The listing agreement's norms are effective so far as they do not contradict the applicable legislation, these Rules and other internal documents of the Exchange.

12. Issues, the procedure of regulation of which is not defined by these Rules and other internal documents of the Exchange, related to inclusion of securities in the Exchange's Official List and their presence therein, are solved in compliance with the applicable legislation, and in case of impossibility of such solution – in compliance with the Listing Commission's decisions, if decision making on these issues is not in the Exchange's Board of Directors or Management Board competence.

13. Changes and additions, made to these Rules, cover listed companies and their securities regardless of the listing date and listing agreement terms, except as otherwise provided when accepting and/or approval of such changes and additions.

Article 4. Restrictions of the listed company and admittance initiator's rights

1. Admittance initiator of securities, present in the Official List, is entitled to initiate these securities' delisting in case of making of changes and/or additions to these Rules, affecting interests of the securities issuer or an admittance initiator of these securities.

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2. Admittance initiator of securities, supposed to be included or present in the Official List, must ensure disclosure of information in accordance with laws of the Republic of Kazakhstan, these Rules and other internal documents of the Exchange, whereby information and/or documents being provided must not contain norms restricting their dissemination. This information and/or documents should not contain personal data of persons who did not give written consent to disclose their personal data, information constituting commercial and other secrets protected by law, as well as information not subject to public distribution in accordance with the legislation of the Republic of Kazakhstan or internal documents issuer (this item was changed by decisions of the Exchange's Board of Directors dated February 26, 2020 and May 27, 2020).

Article 5. Obligations of the Exchange towards admittance initiators

The Exchange has the following obligations towards admittance initiators:

1) to create necessary conditions for regular trades in securities included in the official list;

2) to regularly release on its Internet site results of securities trading to the extent, established by the Exchange's internal documents;

3) upon receipt from the admittance initiator of documents (information), which it must provide to the Exchange in compliance with these Rules and the listing agreement, to release those documents (publish that information) on its website within terms, established by the Exchange's internal documents (this sub-item was changed by a decision of the Exchange's Board of Directors dated February 26, 2020);

4) (this sub-item was removed by a decision of the Exchange's Board of Directors dated February 26, 2020).

Article 6. Listing agreement

1. The listing agreement defines:

1) terms of provision by the admittance initiator to the Exchange of the listed company's annual and interim financial statements;

2) deadlines for provision by the admittance initiator to the Exchange of auditors' reports of the listed company's annual financial statements (this sub-item was changed by a decision of the Exchange's Board of Directors dated February 26, 2020);

3) terms of use of system is2in;


5) specifics of the information disclosure by the admittance initiator on a listed company, securities of which circulate on a foreign stock exchange (have a double listing) and/or are included in the Exchange's Official List according to the simplified listing procedure, or on a listed company registered abroad;

6) other terms defined by the agreement.

2. The listing agreement must be signed by the authorized representative of the securities admittance initiator (taking into account the particular aspect specified in item 5 of this article) (this item was changed by a decision of the Exchange's Board of Directors dated November 7, 2018).

3. The admittance initiator provides the Exchange with the listing agreement drawn up in accordance with item 2 of this article, as follows (taking into account the particular aspect specified in item 5 of this article):

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1) along with the application for admittance of securities in the Official List, or

2) within than 30 calendar days after the decision of the Listing Commission or the Exchange's Management Board on the inclusion of securities in the Exchange's Official List (this sub-item was changed by a decision of the Exchange's Board of Directors dated October 12, 2017).

4. If the Exchange's Listing Commission or Management Board decides to include these securities in the Exchange's Official List, the listing agreement is signed by the Exchange's chief executive or the Exchange's employee authorized to sign this agreement within the following timeframe:

1) (in case the listing agreement was provided to the Exchange within the timeframe as specified in sub-item 1) of item 3 of this article) within two business days after this decision is made; or

2) (in case the listing agreement was provided to the Exchange within the timeframe as specified in sub-item 2) of item 3 of this article) within two business days after the listing agreement is provided to the Exchange by the admittance initiator.

5. The listing agreement is not required at inclusion in the Official List of particular government securities, securities of international financial organizations and securities of the Exchange (this item was changed by a decision of the Exchange's Board of Directors dated November 7, 2018).

Article 7. Financial Advisor

1. The issue of the possibility of inclusion of the non-financial organization's securities in the Exchange's Official List is considered only if a financial advisor took part in the preparation (considering specifics, established by item 4 of this article):

1) the issuer's issue document for debt securities or Islamic securities or other document, similar by its purpose to such issue document;

2) an investment memorandum on these securities or other document, similar by its purpose to such issue document.

2. Only Exchange members can act as financial advisors, which are entitled to participate in trading in corporate securities included in the Official List and licensed to implement brokerage and dealing activities on the securities market by the first category (with the right to keep clients' accounts as the nominee holder).

3. A financial advisor's authorities are confirmed by an appropriate document issued by the admittance initiator and signed by an authorized representative of the admittance initiator and containing the information (surname, first name, position, telephone number, e-mail address) on this financial advisor's employee (employees), which will contact the Exchange on securities listing issues.

4. This article does not apply to securities which:

1) are listed under the simplified procedure;

2) are supposed to be issued under the laws of a country other than the Republic of Kazakhstan, which stipulates mandatory participation of legal and other professional advisors in the issuing and offering of those securities, and the Exchange's approval for inclusion of such securities into its Official List is required.

Article 8. The Official List's Structure

1. The Official List's structure is separated in markets:

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1) "Main";

2) "Alternative";

3) "Mixed".

2. The "Main" market is separated in the following sectors:

1) "Shares" sector, which is further separated in categories:

"Premium";

"Standard";

2) sector "Debt Securities", which is in its turn separated in categories:

"Bonds";

"Commercial Bonds";

"Buffer" (this item was supplemented by a decision of the Exchange's Board of Directors dated October 12, 2017);

3) sector "Bank Deposit Certificates";

3. "Alternative" market is separated in the following sectors:

1) "Shares" sector;

2) sector "Debt Securities", which is further separated in categories:

"Bonds";

"Commercial Bonds";

"Buffer";

4. Market "Mixed" is separated in the following sectors:

1) "Islamic Securities";

2) "Securities of Investment Funds";

3) "Derivative Securities";

4) "Securities of international financial organizations";

5) "Government securities".

Section 2. LISTING REQUIREMENTS AND PROCEDURES

Chapter 1. LISTING REQUIREMENTS

Article 9. Basic and additional listing requirements

1. Basic listing requirements approved by the statutory act of the Authorized Body1,

set for securities which are supposed for inclusion or were included in sectors "Shares" and "Debt securities" of the "Main" market, and for issuers of such securities the following requirements:

1) for financial reporting standards of the securities issuer;

2) for the auditing organization which conducts auditing (review) of financial statements of the securities issuer;

1 Resolution No. 54 of Management Board of the National Bank of Republic of Kazakhstan "On Approval of

Requirements for Issuers and their Securities (being) Admitted to Circulation on the Stock Exchange, as well as for Particular categories of the Stock Exchange List and Making Amendments to Some Statutory Acts of the Republic of Kazakhstan on Issues of Regulation of the Securities Market" dated March 27, 2017.

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3) whether the issuer has a corporate governance code;

4) whether there are norms restricting the rights of securities holders to their alienation in the founding and issuing documents of the issuer.

2. Listing requirements specified in appendices 1.1–1.3 to these Rules, include basic listing requirements listed in item 1 of this article, and additional listing requirements, set by the Exchange in accordance with the statutory act of the Authorized Body indicated in item 1 of this article (this item was changed by a decision of the Board of Directors dated October 12, 2017).

3. Listing requirements specified in appendices 1.4–1.10, include only the listing requirements set by the Exchange, in accordance with the statutory act of the Authorized Body indicated in item 1 of this article (this item was changed by a decision of the Board of Directors dated October 12, 2017).

Article 9-1. Criteria for inclusion and quotation of securities in the Main market of the Official List

1. Securities whose issuer complies with criteria specified in item 2 and/or 3 of this article, can be included in the Exchange's Official List only in the "Main" market (except for securities supposed to be included or included in the Exchange's Official List's "Mixed" market. Inclusion or transfer of such securities to the Exchange's Official List's "Alternative" market is not permitted (this paragraph was supplemented by a decision of the Exchange's Board of Directors dated February 26, 2020).

The initiator of admittance of securities indicated in paragraph one of this item must fulfill all applicable requirements specified in these Rules for "Main" market.

2. Criteria for inclusion of securities in the Official List’s "Main" market and their quotation in said market:

1) the issuer has been operating since at least three years2;

2) the sales volume (revenue, operating income) of the issuer must be at least 3,000,000-fold MCI for each of the last three years according to the financial statements (at availability of subsidiaries – consolidated financial statements), confirmed by an auditor's report (this sub-item was changed by a decision of the Exchange's Board of Directors dated November 7, 2018);

3) the balance sheet total (the total amount of the report on the issuer's financial standing by asset or liability) must be at least 2,550,000-fold MCI for each of the last three years according to the financial statements of the issuer (at availability of subsidiaries – consolidated financial statements), confirmed by an auditor's report (this sub-item was changed by a decision of the Exchange's Board of Directors dated November 7, 2018).

3. Compliance of the issuer with criteria indicated in sub-items 1)–3) of item 2 of this article, is not mandatory:

1) if the issuer has a valid rating not lower than "ВB-" on international scale of agency Standard & Poor's, and/or rating of similar level from rating agencies "Fitch", and/or "Moody's Investors Service", and/or

2) if there is an unconditional and irrevocable guarantee of the Government of the Republic of Kazakhstan or other state with a valid sovereign rating not lower than the rating of the Republic of Kazakhstan (this sub-item was changed by a decision of the Exchange's Board of Directors dated May 27, 2020).

(This item was included by a decision of the Exchange's Board of Directors dated February 26, 2020).

2 At calculation of the lifecycle of the issuer of particular securities, the lifecycle of the organizations(s) whose

restructuring led to setting up of the issuer, as well as the lifecycle of the issuer's subsidiary where the issuer holds at least 70 % of all outstanding shares (paid shareholder capital) can be taken into account.

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4. If the issuer meets the condition established by sub-item 2) of item 3 of this article, only bonds in respect of which a guarantee is provided, are included in the "Debt securities" sector (and are in this sector). At the same time, the specified guarantee should provide for unconditional fulfillment of obligations to pay the face value and coupon interest on these bonds.

Other securities of this issuer, if it does not meet the criteria specified in sub-items 1)–3) of item 2 and/or in sub-item 1) of item 3 of this article, will be included and located on the "Alternative" market. Listing requirements established for issuers of securities supposed for inclusion and located on the "Alternative" market will apply to such an issuer.

(This item was included by a decision of the Exchange's Board of Directors dated May 27, 2020)

(This article was included by a decision of the Exchange's Board of Directors dated October 12, 2017).

Article 10. Listing requirements for including securities in the Official List and their quotation therein

1. To be included in the "Main" market of the Official List and be quoted in said market, particular securities and their issuer must comply with the listing requirements, specified by:

1) Appendix 1.1 to these Rules – for inclusion and quotation of shares in the "Shares" sector by category "Premium";

2) Appendix 1.2 to these Rules – for inclusion and quotation of shares in the "Shares" sector by category "Standard";

3) Appendix 1.3 to these Rules – for inclusion and quotation of securities in sector "Debt securities" by category "Bonds";

4) Appendix 1.4 to these Rules – for inclusion and quotation of securities in sector "Debt securities" by category "Commercial bonds";

5) Appendix 1.5 to these Rules – for inclusion and quotation of securities in sector "Bank deposit certificates";

2. To be included in the "Alternative" market of the Official List and be quoted in said market, particular securities and their issuer must comply with the listing requirements of respective sectors and categories of that market, specified by (this item was supplemented by a decision of the Exchange's Board of Directors dated October 12, 2017):

1) Appendix 1.6 to these Rules – for inclusion and quotation of shares in the "Shares" sector;

2) Appendix 1.7 to these Rules – for inclusion and quotation of securities in sector "Debt securities" by category "Bonds";

3) Appendix 1.8 to these Rules – for inclusion and quotation of securities in sector "Debt securities" by category "Commercial bonds".

3. To be included in sector "Islamic securities" of the market "Mixed" of the Official List of the Exchange and be quoted in said sector, particular securities, their issuer and originator, if its availability is stipulated by the applicable laws, must comply with the listing requirements of Appendix 1.9 to these Rules.

4. To be included in sector "Securities of investment funds" of the market "Mixed" of the Official List of the Exchange and be quoted in said sector, particular securities, their issuer and/or managing company, if its availability is stipulated by the applicable laws, must comply with the listing requirements of Appendix 1.10 to these Rules.

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5. For inclusion of particular depositary receipts in sector "Derivative securities" of the market "Mixed" of the Official List of the Exchange and their quotation in said sector, shares being the underlying asset of particular depositary receipts, and their issuer must comply with the listing requirements of Appendix 1.2 to these Rules.

6. For inclusion of particular securities in sector "Securities of international financial organizations" of the market "Mixed" of the Official List of the Exchange and their quotation in said sector, those securities and their issuer must comply with the listing requirements of Appendix 1.11 to these Rules.

7. For inclusion of particular securities in sector "Government Securities" of the market "Mixed" of the Official List of the Exchange and their quotation in said sector, those securities and their issuer must comply with the listing requirements of Appendix 1.12 to these Rules.

8. Transfer of particular securities from the "Alternative" market into the respective sector and/or category of the "Main" market of the Exchange's Official List after ascertaining the compliance of the issuer of those securities with criteria specified in the Article 9-1 of these Rules, is carried out without applying the requirement for an auditing organization specified for inclusion of securities in the "Main" market and presence of those securities in that market.

The mentioned requirement for an auditing organization carrying out the auditing of financial statements of the issuer of such securities is applied to the audited financial statements of that issuer, which will be presented to the Exchange in future according to a schedule specified in the listing agreement concluded between the Exchange and that issuer.

(This item was included by a decision of the Exchange's Board of Directors dated November 7, 2018)

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Chapter 2. LISTING PROCEDURES

Article 11. General Provisions on Listing Procedures

1. There are full or simplified listing procedures.

Full listing procedures are applied to securities listed in item 2 of Article 12 of Rules. Simplified procedures are applied to securities listed in item 3 of Article 12 of these Rules.

2. the listing procedures include:

1) acceptance by the Exchange of an application for issue of a preliminary opinion (hereinafter in this chapter and Appendix 2.1 to these Rules – preliminary opinion) on compliance of the issuer and its bonds with listing requirements necessary for consideration of the issue of state registration of the securities issue by the Authorized Body;

2) issue by the Exchange of a preliminary opinion on compliance of the issuer and its securities with the listing requirements;

3) acceptance by the Exchange of applications on securities' inclusion in the Official List, on the Exchange's consent for the inclusion in the Official List of bonds or depositary receipts, intended for issue in compliance with the legislation of countries other than the Republic of Kazakhstan, on voluntary delisting of securities (this item was supplemented by a decision of the Exchange's Board of Directors dated May 28, 2019);

4) acceptance by the Exchange of documents, necessary for inclusion of republican securities in the Exchange's official list;

5) preparation by the Listing Department of opinions based on applications mentioned in sub-item 3) of this item, and documents attached to such applications;

6) preparation and issue of motivated refusals to accept applications mentioned in sub-item 3) of this item;

7) consideration by the Listing Commission or Management Board according to their competence of issues related to listing, delisting, change of category or market of securities;

8) procedure of exclusion of securities from the Official List without documenting any decisions of the Exchange's bodies and executives;

9) coming in effect of decisions on listing, delisting, change in category of market of securities;

10) other procedures, which can be specified by the laws of the Republic of Kazakhstan, decisions of the Exchange's Board of Directors or Listing Commission.

Article 12. Listing Procedures

1. The procedure of issuing a preliminary opinion on securities supposed to be included in sector "Debt Securities" of the respective market by categories "Bonds" and "Commercial Bond", and the list of documents mandatory for preparing such an opinion are specified in Appendix 2.1 to these Rules.

2. Full listing procedures are specified in Appendix 2.2 to these Rules and are applied to securities supposed to be included in the Exchange's Official List (quoted in the Exchange's official list):

1) to sectors (in sectors) "Shares" of the "Main" and "Alternative" markets;

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2) by categories "Bonds" and "Buffer" of sectors "Debt Securities" of the "Main" and "Alternative" markets;

3) to sector (in sector) "Bank deposit certificates" of the "Main" market;

4) to sectors (in sectors) "Islamic securities", "Securities of investment funds" and "Derivative securities" of the "Mixed" market.

3. Simplified listing procedures are specified:

1) in Appendix 2.3 to these Rules: for securities of non-residents, listed on a foreign stock exchange, a full member of the World Federation of Exchanges, or listed on the London Stock Exchange Group (London Stock Exchange and Borsa Italiana SpA);

for securities listed on Astana International Exchange;

for securities of the Exchange.

If securities of an issuer are depositary receipts, then the Official List of any one of the stock exchanges mentioned in the paragraphs two and three of this sub-item, must include those depositary receipts or shares being the underlying assets of those depositary receipts;

(this sub-item was changed following decisions of the Exchange's Board of Directors dated March 14, 2018 and November 7, 2018);

2) by Appendix 2.4 to these Rules – for securities supposed to be included in the Exchange's Official List (quoted in the Exchange's Official List) to sectors (in sectors) "Debt securities" by categories "Commercial bonds" of markets "Main" and "Alternative" (this sub-item was changed by a decision of the Exchange's Board of Directors dated October 12, 2017);

3) by Appendix 2.5 to these Rules – for securities supposed to be included in the Exchange’s Official List (quoted in the Exchange’s Official List) to sector (in sector) "Securities of international financial organizations" of market "Mixed";

4) by Appendix 2.6 to these Rules – for securities supposed to be included in the Exchange’s Official List (quoted in the Exchange’s Official List) to sector (in sector) "Government securities" of market "Mixed" (this sub-item was changed by the decision of the Exchange’s Board of Directors of January 20, 2020);

5) by Appendix 2.7 to these Rules – for securities of the issuer, which buys non-business mortgage loans of individuals and one hundred percent of which belongs to the National Bank of Kazakhstan (this sub-item was included by the decision of the Exchange’s Board of Directors of January 20, 2020)

4. The Exchange's Management Board independently defines the procedure of actions by its structural units and employees for purposes of executing simplified listing procedures specified in appendices 2.3–2.7 to these Rules (this sub-item was included by the decision of the Exchange’s Board of Directors of January 20, 2020).

5. Appendices 2.2–2.7 to these Rules also specify (this sub-item was included by the decision of the Exchange’s Board of Directors of January 20, 2020):

1) terms of coming into effect of decisions of the Listing Commission or Management Board of the Exchange on listing, change in category (market) or delisting of securities;

2) reasons and conditions of putting the issue of listing of particular securities up for consideration by the Listing commission or the Exchange's Management Board, as well as for removal of securities from the official list without documenting any decisions of the Exchange's bodies or executives.

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Article 12-1. Additional Procedures

If the Authorized Body registers changes and/or amendments to the issue prospectus of corporate securities of a listed company, officially listed on the Exchange, due to the replacement of the issuer of these securities, and if:

1) new issuer is a listed company and its securities are on the same market as the securities based on which the issuer has been replaced – the Exchange replaces the issuer of these securities of the listed company in its internal systems;

2) new issuer is a listed company and its securities are located on another market unlike the securities, based on which the issuer has been replaced – the Exchange transfers these securities to that market, with requirements of which the new issuer complies with, in accordance with these Rules;

3) a new issuer is not a listed company – the new issuer submits to the Exchange the documents specified in lines 1-4, 9-15, 17, 21-25, 31, 38 and 43 of the table in Appendix 3.1 to these Rules and the listing contract (in two copies) issued in accordance with item 2 of Article 6 of these Rules, no later than 10 business days from the date following the date of registration by the Authorized Body of relevant changes and/or supplements to the issue prospectus of corporate securities of the listed company (this sub-item was changed by a decision of the Exchange's Board of Directors dated May 27, 2020).

The Exchange checks whether the new issuer complies with its criteria and/or its listing requirements based on the submitted documents, and:

1) If the new issuer meets the criteria and/or listing requirements of the market, where the securities, whose issuer has been replaced, are listed, the Exchange prepares an opinion on the new issuer’s compliance with listing criteria and/or listing requirements and replaces the issuer of these securities with the listed company in the Exchange’s internal systems;

2) if the new issuer meets the criteria and/or listing requirements of another market rather than the market, where the securities, whose issuer has been replaced, are listed – the Exchange transfers these securities to that market, with requirements of which the new issuer complies with, in accordance with these Rules;

(This article was included by the decision of the Exchange’s Board of Directors of January 20, 2020)

Section 3. LISTING FEES

Article 13. General provisions on listing fees

1. The Exchange charges listing fees (taking into account the particular aspect provided for in item 4 of this article):

1) for issue of preliminary opinions on compliance of issuers and their proposed securities with criteria and/or requirements, specified in these Rules for inclusion of securities in the Exchange's Official List (this sub-item was changed by a decision of the Exchange's Board of Directors dated November 7, 2018);

2) for consideration of applications for:

inclusion of securities in the official list;

consent on the inclusion in the Exchange's Official List of bonds or depositary receipts, intended for issue in accordance with the legislation of countries other than the Republic of Kazakhstan, in the Official List of the Exchange (this item was supplemented by a decision of the Exchange's Board of Directors dated May 28, 2019);

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3) for inclusion of securities in the official list;

for issuing consents on the inclusion in the Exchange's Official List of bonds or depositary receipts, intended for issue in accordance with the legislation of other, apart from the Republic of Kazakhstan, states to the Official List of the Exchange (this item was supplemented by a decision of the Exchange's Board of Directors dated May 28, 2019);

4) for presence of securities in the Official List (for each year of such presence in the list).

2. Listing fees charged by the Exchange in accordance with sub-item 1) of item 2 of this article are referred to as the preliminary listing fees.

Listing fees charged by the Exchange in accordance with sub-item 2) of item 2 of this article are referred to as listing fees for applications processing.

Listing fees charged by the Exchange in accordance with sub-item 3) of item 2 of this article are referred to as admission listing fees.

Listing fees charged by the Exchange in accordance with sub-item 4) of item 2 of this article are referred to as annual listing fees.

3. The amounts (tariffs) of listing fees, and the terms and procedure of their payment are determined by a separate internal document of the Exchange, approved by the Exchange's Board of Directors decision.

4. The Exchange does not charge listing fees:

1) for consideration of applications for inclusion of securities in sectors "Debt securities" by category "Commercial bonds" of the "Main" and "Alternative" markets, as well as sectors "Securities of international financial organizations" and "Government securities" (this sub-item was changed by a decision of the Exchange's Board of Directors dated October 12, 2017);

2) for issue of a preliminary opinion on the compliance of international financial institutions and securities proposed for issue by those institutions with maturity of no longer than 12 months with requirements specified in these Rules for inclusion of such securities in the sector "Securities of international financial institutions", as well as for inclusion of securities in sectors "Securities of international financial institutions" and "Government securities" and their presence in said sectors (this sub-item was changed by a decision of the Exchange's Board of Directors dated November 7, 2018);

3) for issue of a preliminary opinion on the compliance of the Exchange and bonds it issues with the listing requirements, as well as for inclusion of particular securities of the Exchange in the Exchange's Official List and their presence in that list (this sub-item was included by a decision of the Exchange's Board of Directors dated November 7, 2018);

4) for transfer of securities from the "Alternative" market into the respective sector and/or category of the "Main" market, from the "Standard" category into the "Premium" category of the "Shares" sector of the "Main" market (this sub-item was included by a decision of the Exchange's Board of Directors dated November 7, 2018 and changed by a decision of the Exchange's Board of Directors dated March 19, 2019);

5) for inclusion in the Exchange's Official List of particular securities quoted on one of the stock exchanges indicated in paragraphs two, three and five of sub-item 1) of item 3 of Article 12 of these Rules (this sub-item was included by a decision of the Exchange's Board of Directors dated March 19, 2019);

6) for quotation of particular securities quoted on one of the stock exchanges indicated in sub-item 1) of item 3 of Article 12 of these Rules, in the Exchange's Official List, provided there is a market-maker for those

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securities in each consecutive 12 calendar months of their quotation in the Exchange's Official List (this sub-item was included by a decision of the Exchange's Board of Directors dated March 19, 2019).

Section 4. INFORMATION DISCLOSURE

Chapter 1. DISCLOSURE OF INFORMATION AT SECURITIES ADMISSION

Article 14. Documents provided to the Exchange

1. The list of documents to be provided by the admittance initiator for purposes of inclusion of securities in the Official List in accordance with the full listing procedures, is specified in Appendix 3.1 to these Rules.

2. The list of documents to be provided by the admittance initiator for purposes of inclusion of securities in sectors "Shares" and "Debt securities" of markets "Main" and "Alternative", in sectors "Securities of investment funds", "Islamic securities" and "Derivative securities" of market "Mixed" of the Official List in accordance with the simplified listing procedures, out of those listed in Appendix 3.1 to these Rules in each particular case is agreed upon with the Listing Department.

3. The list of documents to be provided by the admittance initiator for purposes of inclusion of securities in sectors "Securities of international financial organizations" and "Government securities" of market "Mixed" of the Official List in accordance with the simplified listing procedures, is specified in appendices 2.5 and 2.6 to these rules, accordingly.

4. For purposes of consideration of an application for inclusion in the Official List of bonds as well as during their presence in the Official List, the Exchange considers the guarantor as their issuer, if the bonds were issued by the issuer under an unconditional and irrevocable guarantee of a legal entity (except for bonds, issued under a guarantee of the Government of the Republic of Kazakhstan or other state) or the bonds were issued by a special enterprise; at the same time, the mentioned guarantee should provide for unconditional fulfillment of obligations on payment of the face value and coupon interest on these bonds (this item was changed by a decision of the Exchange's Board of Directors dated February 26, 2020 and supplemented by a decision of the Exchange's Board of Directors dated May 27, 2020).

5. The list of documents to be provided by the admittance initiator for purposes of inclusion of securities in sector "Debt securities" by category "Commercial Bonds" of markets "Main" and "Alternative" of the Official List is specified in Appendix 3.2 to these Rules (this item was supplemented and changed by a decision of the Exchange's Board of Directors dated October 12, 2017).

6. The list of additional documents necessary when the Listing Department is preparing an opinion, is determined by the Listing Department upon agreement with the admittance initiator at acceptance of the application for inclusion of securities in the official list.

7. At inclusion of coupon bonds in the Official List by category "Bonds" of sector "Debt securities" of markets "Main" or "Alternative" with application of full listing procedures, the initiator of admittance of these bonds must within two working days following the date of their inclusion in the Exchange's Official List, or the start date of their circulation (depending on which of the dates is the latest), provide the Exchange with the schedule of interest payments on these bonds for the entire term to maturity. Said schedule must contain information on the record date, dates of start and end of coupon payments on these bonds for each

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coupon period (this item was included by a decision of the Exchange's Board of Directors dated October 12, 2017).

Article 14-1. Disclosure of insider information by a listed company

When the issuer's securities (derivative financial instruments) are included in the Exchange's official list, the issuer and persons recognized as insiders of this issuer provide public disclosure of insider information about the issuer and the securities (derivative financial instruments) issued (provided) by it, the disclosure of which will affect change in their value and the issuer's activities, prior to the start of trading in these securities (derivative financial instruments). In this case, the procedure for the commencement (opening) of trading is established by internal documents of the Exchange, which determine the rules and conditions of the trading

(This article was included by a decvision of the Exchange's Board of Directors dated May 27, 2020).

Article 15. (This article was removed by a decision of the Exchange's Board of Directors dated February 26, 2020).

Chapter 2. INFORMATION DISCLOSURE DURING SECURITIES' PRESENCE IN OFFICIAL LIST

Article 15-1. Restriction of the scope of this chapter

The scope of this chapter doesn't apply to initiators of admittance of government securities and securities of international financial organizations.


Article 16. Periodical reporting

1. Securities admittance initiator, apart from other possible information (documents), must provide to the Exchange (taking into account the peculiarity specified in item 2 of this article, items 7 and 8 of Article 19 of these Rules) (this item was supplemented by a decision of the Exchange's Board of Directors dated October 12, 2017, changed by decisions of the Exchange's Board of Directors dated May 28 and September 16, 2019):

1) periodical reporting listed in Table 1 of Appendix 4.1 to these Rules, in time and on conditions specified in the listing agreement;

2) periodical reporting listed in Table 2 of Appendix 4.1 to these Rules, in time and on conditions specified in that table.

2. For joint-stock company "Sovereign Wealth Fund Samuryk-Kazyna" the list of periodical reports, to be provided to the Exchange in accordance with sub-item 1) of item 1 of this article, as well as the deadline for its provision are specified in the listing agreement concluded between the Exchange and said legal entity.

Article 17. Disclosure of information on current operations and corporate events of listed companies

1. During the presence of securities in the Official List the admittance initiator of those securities must provide to the Exchange (taking into account the particular aspect specified in item 2 of this article) (this item was changed by decisions of the Exchange's Board of Directors dated October 12, 2017, May 28 and September 16, 2019):

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1) information (documents) on current operations of the listed company listed in Table 3 of Appendix 4.1 to these Rules, in time and on conditions, specified in that table;

2) information on corporate events and documents listed in Table 4 of Appendix 4.1 to these Rules, in time and on conditions, specified in that table.

2. For joint-stock company "Sovereign Wealth Fund Samuryk-Kazyna" the list of periodical reports, to be provided to the Exchange in accordance with item 1 of this article, as well as the deadline for its (their) provision are specified in the listing agreement concluded between the Exchange and said legal entity.

Article 18. Disclosure of information about events significantly affecting investors' interests

1. An admittance initiator must provide the Exchange with any essential information, which can influence the listed company's activities, its securities' value, and any other events, significantly affecting investors' interests, including information listed in Tables 5 and 6 of Appendix 4.1 to these Rules, in time and on terms specified in those tables (considering the aspect established by item 2 of this article) (this item was changed by decisions of the Exchange's Board of Directors dated October 12, 2017, May 28 and September 16, 2019).

2. For joint-stock company "Sovereign Wealth Fund "Samuryk-Kazyna" the list of information to be provided to the Exchange, as well as the deadline for its provision are specified in the listing agreement concluded between the Exchange and said legal entity.

Article 18-1. Disclosure of information during an IPO in the Exchange's trading system

1. When conducting an IPO of shares, quoted on the Exchange, by means of a special trading session or a subscription, conducted in compliance with the Exchange's internal documents, the admittance initiator of those shares not later than the date of submission at the Exchange of the application for conducting a special trading session or a subscription, must provide the Exchange with the following documents (taking into account particulars and exceptions specified in items 2 and 3 of this article):

1) investment memorandum on those shares, prepared in compliance with Appendix 5.2 to these Rules, whose contents was approved by the Listing Department. If the issuer of those shares is a legal entity registered under the laws of a country other than the Republic of Kazakhstan, presenting some other document (a copy of some other document), similar in purpose to said memorandum, is possible, if only the share issue prospectus, registered in compliance with the applicable laws, or another document, similar in purpose to said prospectus, is not an investment memorandum by its contents;

2) annual financial statements (if subsidiaries are available – consolidated annual financial statements), prepared according to requirements of Appendix 5.3 to these Rules and an auditor's report on those financial statements, prepared according to requirements of Appendix 5.4 to these Rules; or

interim financial statements (if subsidiaries are available – consolidated interim financial statements), prepared according to requirements of Appendix 5.3 to these Rules and an auditor's report on those financial statements, or a report of an auditing firm on review of said financial statements prepared according to requirements of Appendix 5.4 to these Rules.

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3) if the share issuer as a subsoil user whose shares are included in the official sector of the Exchange, in sector "Shares" of the "Main" market – the public report of the independent Competent person or a copy of the public report of the independent Competent person, audited by the independent Competent person, since whose preparation date (auditing completion) not more than twelve consecutive calendar months passed until the date of application filed with the Exchange for conduct of a special trading session or subscription. At the same time, the Competent person must comply with requirements specified Appendix 5.9 to these Rules (this sub-item was included following a decision of the Exchange's Board of Directors dated August 26, 2019).

This public report must be prepared in compliance with CRIRSCO or in compliance with standards of geological reporting on oil and gas depending on, which of said standards are applicable to the field (fields), being the subject of those reports.

If said document is prepared in languages other than Kazakh or Russian, it must be accompanied by a translation of the document into Kazakh and/or Russian.

2. When conducting an IPO of shares, the admittance initiator of those shares is not subject to the requirement for provision of the document mentioned in sub-item 1) of item 1 of this article, provided, those shares or any other securities of the issuer of those shares were included in the Exchange's Official List not earlier than 180 calendar days before the date of submission of the application for conducting a special trading session or a subscription under the IPO of those shares, and the listing of those shares on the Exchange was conducted in compliance with the full listing procedures specified in Appendix 2.2 to these Rules, with provision to the Exchange of the document, indicated in sub-item 1) of item 1 of this article.

3. The admittance initiator of shares may independently define reports provided to the Exchange in the run-up to the IPO out of those mentioned in paragraphs one or two of sub-item 2) of item 1 of this article. At that the date of such reports, must not stay apart for more than 180 calendar days from the date of the application received by the Exchange for conducting a special trading session or a subscription under the IPO of those shares.

4. Documents being provided to the Exchange in accordance with item 1 of this article, shall be provided to the Exchange in electronic form and in hard copy, taking into account requirements for documents provided, specified in these Rules.

5. If the admittance initiator of shares failed to provide to the Exchange the documents in accordance with item 1 of this article (taking into account peculiarities and exceptions specified in items 2 and 3 of this article) the Exchange's Management Board may refuse to conduct a special trading session or a subscription under the IPO of those shares and/or initiate a release of an information message on the Exchange's website about such non-provision.


Article 19. Additional terms of information disclosure

1. If shares of an issuer are listed by the Official List "Shares" sector's "Premium" category, then the information, subject to disclosure in compliance with this chapter's requirements, must have attached its translation into English (taking into account particulars specified by paragraphs two and three of this item, and with exception specified by item 2 of this article).

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Correctness of the translation of this information into English is confirmed by either a notary public or these shares' issuer or their admittance initiator.

In case the notary public doesn't command respective languages and the translation of the mentioned information was made by a translator, the authenticity of that translator's signature must be certified by a notary public.

2. The translation into English, Kazakh and/or Russian (languages) of information with a volume of over 10,000 symbols subject to disclosure in accordance with requirements of this chapter, can be provided to the Exchange later than that very information provided such delay does not exceed 10 working days.

3. Documents (information) subject to disclosure in accordance with item 1 of Article 18 of these Rules, Tables 1, 2, lines 1–9, 11 and 12 of Table 3, Tables 4–6 of Appendix 4.1 to these Rules are provided by the admittance initiators to the Exchange via the is2in system in form of electronic documents in formats .pdf, .docx (.doc), .xlsx (.xls) certified by the electronic digital signatures whose keys were generated by the Republican government enterprise with the right of economic operation "Kazakhstan Center of Interbank Settlements of the National Bank of the Republic of Kazakhstan" (with exception admitted in item 4 of this article).

The updated questionnaire of the Exchange's client regarding issues of organization of countering the legalization (laundering) of unlawful revenues, and financing of terrorism, is provided in the form of original, documents confirming the authenticity of data, indicated in the questionnaire, or change of five or less details contained in the questionnaire provided earlier, must be provided in form of originals (original versions) or notarized copies, and documents, which were prepared in the territory of a country other than the Republic of Kazakhstan, must also be apostilled or legalized, if the Exchange has no possibility to check the authenticity of documents through other available sources (this item was changed by a decision of the Exchange's Board of Directors dated March 19, 2019).

Information, subject to disclosure in accordance with lines 6–12 of table 4, line 1 of table 5, lines 6, 14–24 of table 6 of appendix 4.1 hereto, is provided to the Exchange by admittance initiators according to the form, which is specified by the Authorized Body for issuers for purposes of information disclosure on the website of the depositary of financial reports (this paragraph was included by a decision of the Exchange's Board of Directors dated February 26, 2020).

4. In case of impossibility to provide documents (information) by means of system is2in the admittance initiator must:

1) notify the Exchange in writing on such impossibility indicating its causes and measures taken to remove them and avoid occurrence of such causes in future;

2) within the time specified in this chapter and/or listing agreement, provide the Exchange with this information by other possible means (vial electronic mail, in hard copy per courier).

5. In case of need for replacement of a document (information) earlier provided to the Exchange, the admittance initiator must attach to the new document (new information), being provided to the Exchange as replacement, a respective notification with indication of the reason for the replacement (this item was included by a decision of the Exchange's Board of Directors dated October 12, 2017).

6. this item was included by a decision of the Exchange's Board of Directors dated May 28, 2019 and removed by a decision of the Exchange's Board of Directors dated September 16, 2019.

7. Information subject to disclosure by admittance initiators in accordance with lines 3 and 4 of Table 2 of Appendix 4.1 to these Rules (with regard to securities, the

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registers of whose holders are maintained by the Central Depository), is received by the Exchange via the information channel between the Exchange and the Central Depository (this item was included by a decision of the Exchange's Board of Directors dated May 28, 2019).

8. In case of impossibility to use the information channel between the Exchange and Central Depository, the Exchange notifies thereof the admittance initiators via e-mail.

The admittance initiator must provide information subject to disclosure in accordance with lines 3 and 4 of Table 2 of Appendix 4.1 to these Rules (with regard to securities, the registers of whose holders are maintained by the Central Depository), according to the time schedule and procedure specified in this chapter, no later than two working days from the date following the date of receipt of respective notice from the Exchange.

At resumption of the use of the information channel between the Exchange and the Central Depository a respective notice is sent to admittance initiators via e-mail (this item was included by a decision of the Exchange's Board of Directors dated May 28, 2019 and changed by a decision of the Exchange's Board of Directors dated September 16, 2019).

Article 20. Deadlines for provision of information to the Exchange

1. The information subject to disclosure in compliance with this chapter must be provided to the Exchange by the deadline, specified in this chapter and/or the listing agreement.

2. The information subject to disclosure in compliance with this chapter must be provided to the Exchange by an admittance initiator prior to this information's having been made public by the listed company.

The admittance initiator must immediately hand over to the Exchange the information, specified in Table 6 of Appendix 4.1 to these Rules, if there is a risk that confidentiality of such information cannot be ensured prior to the period of this information public dissemination, established by the listed company that can may result in violation of the equal access principle to the information of all securities market participants.

3. If the Exchange identifies any typos, errors, inaccuracies or other inconsistencies with the requirements of these Rules in the periodic reports and / or information and / or documents and / or materials provided to the Exchange by the admission initiator in accordance with Articles 16, 17 and 18 of these Rules, it shall notify the admission initiator by e-mail or by the is2in system.

The admission initiator having received the notification of the Exchange in accordance with the first paragraph of this item shall within three business days of the receipt of the notification provide the Exchange in a proper manner with the revised periodic reporting and / or information and / or document and / or materials.

4. The admittance initiator must in writing notify the Exchange on every case of impossibility (including the expected one) of timely provision of information to it subject to disclosure in accordance with requirements of this chapter, in time, determined in this chapter and/or the listing agreement, with indication of reasons for such impossibility and measures taken to remove them and avoid emergence of similar reasons in future.

5. Following a decision of the Exchange's Management Board the admittance initiator can be provided with extra time for provision of periodical statements, as well as the document indicated in line 4 of Table 3 of Appendix 4.1 to these Rules (this item was changed by a decision of the Exchange's Board of Directors dated October 12, 2017).

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Article 21. Peculiarities of information disclosure in case of initial or consecutive securities listing on other stock exchanges

1. If before or after the inclusion of securities of an issuer, being a legal entity of the Republic of Kazakhstan, in the Exchange’s Official List these or other securities of that issuer were or will be admitted to circulation on another stock exchange, whose requirements for information disclosure differ from those established by this chapter and the listing agreement, the admittance initiator of these securities must provide to the Exchange any information, which is provided by it or that issuer to another stock exchange and differs from information provided to the Exchange, in compliance with norms of this chapter and the listing agreement:

1) in the same volume and type as this information was provided to another stock exchange;

2) during the time that this information was received simultaneously by both the Exchange and another stock exchange (considering specifics, established by items 3 and 4 of this article).

2. Terms of disclosure of information regarding securities issued by a foreign legal entity are determined by the listing agreement concluded between the Exchange and initiator of admittance of these securities an drawn up based on norms of this chapter, including norms of items 3 and 4 of this article, and the legislation of the state where the issuer of these securities is legally registered (taking into account the specifics set in paragraph two of this item).

Disclosure of information regarding securities included in the Official List of the Exchange according to the simplified listing procedure, and on their issuer is carried out through the website of the foreign stock exchange where these securities are quoted which is reflected in the listing agreement concluded between the Exchange and initiator of admittance of these securities.

3. If the information, mentioned in item 1 of this article, is composed in a language other than Kazakh or Russian languages, at its provision to the Exchange its translation into Kazakh and/or Russian (languages) must be attached, certified by a notary public, issuer or admittance initiator (except provisions, established by item 4 of this article).

4. Translation of the information, mentioned in item 1 of this article, can be provided to the Exchange later than the time, established by item 3 of this article, if:

1) volume of this information makes more than 10,000 characters;

2) a later period of provision to the Exchange of this translation does not exceed 10 working days in relation to the timeframe, established by item 2 of this article.

Article 22. Non-disclosure or untimely disclosure of information by the Issuer

1. For the purposes of this article:

1) each case of non-disclosure by the securities admittance initiator of information subject to disclosure in accordance with requirements of this chapter, and/or untimely disclosure by the securities admittance initiator of that information in the period of time specified in this chapter or the listing agreement is considered as one information disclosure violation (hereinafter – the Violation) (except as provided in sub-item 2) of this item);

2) it does not constitute a violation if the Exchange is provided with the periodic statements and / or information and / or documents and / or materials that were revised in accordance with the second paragraph of item 3 of Article 20 of these Rules, if these statements and / or information

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and / or documents and / or materials were provided to the Exchange within the period specified in said paragraph;

3) in order to control the timing of information delivery to the Exchange, as well as for publication on the website of the Exchange in cases provided for in item 3 of Article 20 of these Rules, the date when the Exchange is initially provided with the periodic statements and / or information and / or documents and / or materials revised in accordance with the second paragraph of item 3 of Article 20 of these Rules is taken into account, if these statements and / or information and / or documents and / or materials were provided to the Exchange within the timing specified in said paragraph.

2. The violation not corrected by the admittance initiator committing it within 30 calendar days following the day the Exchange detected it is considered as next violation.

3. The violation not corrected by the admittance initiator committing it within 30 calendar days following the day it was acknowledged as next violation in accordance with item 2 of this article or this item is also considered as next violation.

4. Violation of the term for presentation to the Exchange of corrected periodical statements and / or information and / or documents and / or materials specified by paragraph two of item 3 of Article 20 of these Rules by each following 20 days is considered as next violation.

5. The Exchange sends information on violations committed by admittance initiators to the Authorized Body (this item was changed by a decision of the Exchange's Board of Directors dated May 28, 2019).

6. If the admittance initiator commits six or more violations within 12 consecutive calendar months, the issue of delisting of these securities is put up for consideration at a meeting of the Listing Commission (this item was changed by a decision of the Exchange's Board of Directors dated August 26, 2019).

Chapter 3. INFORMATION DISSEMINATION

Article 23. Dissemination by the Exchange of received information

The information received by the Exchange from admittance initiators in compliance with these Rules is disseminated by it in the composition, on terms and order, established by the Exchange's internal documents (this item was changed by a decision of the Exchange's Board of Directors dated January 29, 2019).

Section 5. TRADES

Article 24. Opening of trades

1. Trades in the course of circulation of securities (hereinafter – trades) included in the Official List are opened by a decision of a member of the Exchange's Management Board supervising based an office memo of that structural unit of the Exchange and on an application of these securities' admittance initiator and their market-maker, if the requirement for the availability of a market-maker is specified by these Rules, according to the following schedule (with exceptions specified in items 2, 3, 3-1 and 4 of this article) (this item was supplemented by decisions of the Exchange's Board of Directors dated November 7, 2018 and May 28, 2019 and changed by a decision of the Exchange's Board of Directors dated February 26, 2020):

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1) within three months from the date of coming into effect of the Listing Commission or Management Board decision on inclusion of securities in the Official List – if those securities are in sector "Investment Funds' Securities" or in the "Shares" sector of the "Main" or "Alternative" market;

If the securities issuer is a sub-soil user – within three months from the date of receipt of the permit from the authorized body in the subsoil-use sphere regarding participation in trading for realization (selling) of the share in the subsoil use right (this item was included by a decision of the Exchange's Board of Directors dated May 28, 2019);

2) within three months from the date of coming into effect of the Listing Commission or Management Board decision on inclusion of securities in the Official List or within three months from the date of the first successful trading for initial offering of those securities (depending on which of the timeframes expires later) – if those securities are in sector "Debt Securities" by category "Bonds" of the "Main" or "Alternative" market;

3) within one month from the date of coming into effect of the Management Board decision on inclusion of securities in the Official List or within one month from the date of the first successful trading for initial offering of those securities (depending on which of the timeframes expires later) – if those securities are in sector "Debt Securities" by category "Commercial Bonds" of the "Main" or "Alternative" market;

4) at any time at the securities admittance initiator's disposal – if those securities are in sector "Derivative Securities" or "Islamic Securities" or "Securities of International Financial Organizations" of the "Mixed" market or in sector "Bank Deposit Certificates" of the "Main" market or were issued as part of restructuring of the listed company's liabilities.

(This item was changed by a decision of the Exchange's Board of Directors dated October 12, 2017).

2. Trading in republican securities issued by the Ministry of Finance of Republic of Kazakhstan in accordance with the laws of a country other than the Republic of Kazakhstan, and by the National Bank of Republic of Kazakhstan, are opened from the business day following the day of inclusion of these securities in the Official List.

3. Trading in republican securities issued by the Ministry of Finance of the Republic of Kazakhstan in accordance with laws of the Republic of Kazakhstan, and municipal securities, is opened from the business day following the day of offering of those securities in the Exchange's trading system (taking into account the aspect specified in the second paragraph of this item) (this item was supplemented by a decision of the Exchange's Board of Directors dated November 7, 2018).

Trading in republican securities issued by the Ministry of Finance of the Republic of Kazakhstan officially listed on Astana International Exchange, is opened from the business day following the day of inclusion of those securities in the Exchange's Official List (this item was included by a decision of the Exchange's Board of Directors dated November 7, 2018).

3-1. Trading in securities of the Exchange is opened following a decision of the Exchange's Management Board without provision of an application (applications), mentioned in item 1 of this article (this item was included by a decision of the Exchange's Board of Directors dated November 7, 2018).

4. If the securities are shares included in the Official List for the first time for IPO purposes, the trading in those shares must be opened upon the IPO completion, but not later than six months from the date of coming into effect of the Listing Commission's decision on inclusion of those shares in the Official List (this item was changed by a decision of the Exchange's Board of Directors dated October 12, 2017).

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5. If trading in particular securities was not opened within the timeframes indicated in sub-items 1)–3) of item 1 of this article, the issue of delisting of those securities shall be put up for consideration by the Listing Commission or Management Board (depending on which of the bodies took a decision on inclusion of those securities in the Official List) (this item was changed by a decision of the Exchange's Board of Directors dated October 12, 2017).

If securities are commercial bonds, the application mentioned in item 1 of this article, must be received by the Exchange within 30 calendar days from the date following the date of the first trading session for offering of those bonds.

6. At transfer of securities from one category of the Official List to another, of from one market of the Official List to another, trades in these securities within the Official List’s new category or market start on the following day after the Listing Commission or the Exchange's Management Board took a decision on securities transfer, unless otherwise specified in an admittance initiator's application.

7. By a decision of the Listing Commission, the period for opening the securities trading, set by item 4 of this article, can be extended for any of the following reasons (this item was changed by a decision of the Exchange's Board of Directors dated May 28, 2019):

1) placement of those securities was not carried out during the period mentioned in item 4 of this article;

2) the holder of those securities is one person;

3) there are other reasons for not opening the trading in those securities within the mentioned period.

8. Following a decision of the Listing commission or the Exchange's Management Board (depending on which of the bodies took the decision on inclusion of particular securities in the Official List) the deadline for the opening of trading in securities established by item 5 of this Article may be extended when the documents submitted to the Exchange stipulate that one person holds those securities of there are other reasons why the trading in these securities cannot be opened within the specified period (this item was supplemented by a decision of the Exchange's Board of Directors dated May 28, 2019).

9. (This item was removed by a decision of the Exchange's Board of Directors dated October 12, 2017).

Article 25. Suspension and termination of trades

1. Trades in securities can be suspended by members of the Exchange's Management Board supervising the Monitoring department and Trading department, based on an office memo of the Monitoring department due to occurrence of events, stipulated by the Exchange's internal documents, and in the following cases (this paragraph was supplemented by a decision of the Exchange's Board of Directors dated February 26, 2020):

1) the Exchange receives the information, substantially affecting investors' interests;

2) suspension of registration of transactions in these securities in the system of registers of holders of these securities;

3) suspension of accounting of these securities by the Central Depository;

4) receipt of the Authorized Body's instruction;

5) restructuring of liabilities by a listed company;

6) if the bondholders decide to change the bonds' issue terms that relate to:

bonds securing (in case of secured bonds issue);

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securities number, their type, method of payment and receipt of profit on securities, including the bonds' face value, their circulation and maturity terms;

securities conversion order (on case of convertible securities issue).

7) absence of a market-maker for securities, if the requirement for the availability of a market-maker is specified in these Rules;

8) (if securities are shares) offering of shares on the regulated securities market (for the period of such offering) (this sub-item was changed by a decision of the Exchange's Board of Directors dated March 14, 2018);

9) selling, buyback or purchase of securities by the sole seller (buyer) of securities being sold (bought back, purchased) for the period of such selling (such buyback, such purchase) (this sub-item was included by a decision of the Exchange's Board of Directors dated March 14, 2018).

2. Trading in republican securities is suspended in accordance with Chapter 2 of Appendix 2.6 to these Rules.

3. (This item was changed by a decision of the Exchange's Board of Directors dated March 19, 2019 and removed by a decision of the Exchange's Board of Directors dated February 26, 2020)

4. Trading in de-listed securities is suspended within the period, established by appendices 2.2–2.7 to these Rules (this sub-item was included by the decision of the Exchange’s Board of Directors of January 20, 2020).

Section 6. FINAL PROVISIONS

Article 26. Procedure of giving effect to these Rules

1. These Rules are given effect from the date, set forth by decision of the Exchange's Board of Directors.

2. These Rules are subject to updating as required, but at least once every three years.

3. For admittance initiators of shares, who as of the date of putting into effect of the listing requirement for the number of authorized shares, specified in line 9 of the table of item 1 of Appendix 1.1 or in line 3 of Table of Appendix 1.2 to these Rules, were in the Exchange's Official List, that requirement becomes mandatory as of May 1, 2018 (this item was included by a decision of the Exchange's Board of Directors dated October 12, 2017).

Chairman of Management Board A. Aldambergen

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Appendix 1.1

to the Listing Rules

L I S T I N G R E Q U I R E M E N T S

The "Main" market

The "Shares" sector

The "Premium" category

1. For inclusion of ordinary shares of an issuer in the "Shares" sector of the "Main" market of the Exchange’s Official List by category "Premium" and their presence in said category those shares and their issuer must comply with the set of requirements of one of the packages described in the table.

Item No.

Requirement Requirements set 1 Requirements set 2 Requirements set 3

А 1 2 3 4

1. Conducting IPOs of shares before the date of submission of the application for inclusion (beginning of consideration of the issue of transfer possibility) of shares into category "Premium"

2. Number of shareholders at least 300

3. Availability of a market-maker compulsory (at the stage of consideration of the issue of the possibility of inclusion (beginning of consideration of the issue of transfer possibility) of shares into category "Premium" – application from one of members of the Exchange for assigning to him the status of a market-maker for those shares)

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Item No.


А 1 2 3 4

4. Amount of the equity of the issuer according to financial statements for the last completed financial year or interim financial statements (in case of availability of subsidiaries – consolidated annual or interim financial statements), confirmed by an auditor's report

not less than the shareholder capital and makes up at least KZT15.0 bn



5. Total amount of funds raised via IPO at least KZT7.0 bn at least KZT4.5 bn at least KZT2.5 bn

6. Amount of funds raised via IPO in

Kazakhstan3

at least KZT3.5 bn at least KZT2.25 bn at least KZT1.25 bn

7. Availability of net profit or positive cash flow of funds the issuer of shares earned from operations according to financial statements (in case of availability of subsidiaries – consolidated financial statements), confirmed by an auditor's report

for one of the past two years for two past years for three past years

8. Quantity of shares in free float, calculated in accordance with item 4 of this appendix

at least 10 % of the total number of said shares outstanding



9. Quantity of authorized shares at least 1,000,000 pieces

10. Financial reporting standards International Financial Reporting Standards or US GAAP

3 Applied only to issuers who are recognized as residents of the Republic of Kazakhstan, including in accordance with Article 22-1 of the Act on Securities Market.

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Item No.


А 1 2 3 4

11. Auditing firm quoted in the list of auditing companies approved by the Exchange by the first level;

for an issuer incorporated in a country other than the Republic of Kazakhstan – an auditing firm whose auditor's reports are accepted by at least one foreign stock exchange being a full member of the World Federation of Exchanges, or by the Securities and Exchange Commission (SEC), or that auditing firm is accredited by the UK's Auditing Practices Board.

12. Availability of a Corporate Governance Code approved by the general meeting of the issuer's shareholders

compulsory

13. Absence in founding documents of the issuer and/or securities' issue prospectus of norms which infringe on or restrict the rights of holders of those securities to their alienation (transfer)

compulsory


2. Preferred shares of an issuer are included in the "Shares" sector of the "Main" market of the Exchange's Official List by category "Premium" and are quoted in said category only if ordinary shares of that issuer are also in said category, or an inclusion of ordinary and preferred shares of one issuer in said sector by category "Premium" is carried out simultaneously (this item was supplemented by a decision of the Exchange's Board of Directors dated October 12, 2017).

The number of authorized preferred shares of the issuer must be at least 10,000 pieces.

3. In case of incompliance with the condition specified in paragraph one of item 2 of this Appendix, preferred shares of an issuer are included in the "Shares" sector of the "Main" market of the Official List by category "Standard" or transferred into said category from category "Premium".

4. At calculation of the number of ordinary shares of the issuer in free float, from the total number of outstanding ordinary shares those are excluded which:

1) are held by the state where the issuer of these shares was incorporated;

2) are held by executives of the issuer of these shares;

3) are held by persons each one of whom holds these shares in the number making five or more percent of the total number of outstanding ordinary shares of that issuer;

4) were bought back by the issuer, blocked and/or pledged.

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Appendix 1.2


(This appendix was changed by a decision of the Exchange's Board of Directors dated October 12, 2017)


"Main" market

"Shares" sector

"Standard" category

Item No.

Requirement Requirement contents Notes

А 1 2 3




3. Number of authorized ordinary shares being included in the official list

at least 100,000 pieces

4. Number of authorized preferred shares being included in the official list


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Item No.

Requirement Requirement contents Notes

А 1 2 3

5. Availability of a corporate governance code approved by the general meeting of the issuer's shareholders

compulsory


compulsory

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Appendix 1.3




"Main" market

"Debt securities" sector

"Bonds" category

Item No.

Requirement name Requirement contents Notes

А 1 2 3




3. Availability of a market-maker if the number of bondholders is 10 or more persons

Within 30 calendar days, following the day when the admittance initiator received information that the number of holders of said bonds is 10 or more persons, the admittance initiator must ensure the availability of a market-maker for these securities, as well as

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Item No.


А 1 2 3

ensure its availability while these securities are quoted in the Exchange’s Official List, except for periods when the number of holders of these bonds will make up less than 10 persons

This requirement does not apply during the period of when the bonds are listed in the "Debt Securities" sector under category "Buffer category" of the "Main" market (this item is included by the decision of the Exchange’s Board of Directors of January 20, 2020).


compulsory


compulsory

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Appendix 1.4




"Main" market


"Commercial bonds" category

Item No.


А 1 2 3





compulsory

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Item No.


А 1 2 3

4. Absence of incidents of default of the issuer on bonds issued earlier

over the past three years

5. Availability of other securities of the issuer in the Exchange's official list

mandatory as of the date of inclusion of these securities in the official list

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Appendix 1.5




"Main" market

"Bank deposit certificates" sector

Item No. Requirement name Requirement contents Notes

А 1 2 3


2. Auditing firm quoted in the list of auditing companies approved by the Exchange by the first level

3. Provision of annual financial statements (if subsidiaries are available – consolidated annual financial statements) confirmed by an auditor's report

for the last three completed financial years Provision of annual financial statements confirmed by an auditor's report for three completed financial years preceding the last complete financial year is admitted, if the application for inclusion of these securities in the Official List was submitted within the first four months from the date of ending of the last completed financial year

4. Provision of the issuer's interim financial statements (if subsidiaries are available – consolidated interim financial statements) supported by an auditor's report or a report of an auditing firm on review of interim financial statements of the issuer

Compulsory, if from the date of preparation of the last financial statements confirmed by an auditor's report more than six months passed before the date of submission of the application for inclusion of securities in the Exchange's official list

From the date of preparation of interim financial statements supported by an auditor's report or a report of an auditing firm on review of interim financial statements, no more than six months must pass before the date of submission of the application for inclusion of securities in the Exchange's official list

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Item No. Requirement name Requirement contents Notes

А 1 2 3


mandatory as of the date of inclusion of these securities in the official list

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46

Appendix 1.6



"Alternative" market

"Shares" sector

Item No.

Requirement name Requirements contents

А 1 2


2. Auditing company quoted in the list of auditing companies approved by the Exchange;

for an issuer incorporated in a country other than the Republic of Kazakhstan – an auditing firm whose auditor's reports are accepted by at least one foreign stock exchange being a full member of the World Federation of Exchanges, or by the Securities and Exchange Commission (SEC), or that auditing firm is accredited by the UK's Auditing Practices Board

(the text of this cell was changed by a decision of the Exchange's Board of Directors dated October 12, 2017)


compulsory

4. Number of authorized ordinary shares being included in the official list



5. Number of authorized preferred shares being included in the Official List (the text of this cell was changed by a decision of the Exchange's Board of Directors dated October 12, 2017)



Compulsory for the issuer – a joint-stock company

(This line was included by a decision of the Exchange's Board of Directors dated November 7, 2018)

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Appendix 1.7





"Bonds" category

Item No.


А 1 2


2. Auditing company quoted in the list of auditing companies approved by the Exchange




compulsory

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Appendix 1.8





Sector "Debt securities"

Category "Commercial bonds"

Item No.


А 1 2


2. Auditing company quoted in the list of auditing companies approved by the Exchange


3. Absence in founding documents of the issuer of norms which infringe on or restrict the rights of holders of those securities to their alienation (transfer)

compulsory


compulsory as of the date of inclusion of these securities in the official list

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Appendix 1.9




"Mixed" market

"Islamic securities" sector

Item No.

Requirement contents Islamic leasing

certificates

Islamic participation certificates

Sukuk bonds

А 1 2 3 4

1. The issuer is a legal entity set up in the legal form of a joint-stock company or limited liability partnership

+ + +

2. The issuer is a legal entity set up for issuing Islamic securities, also, if securities are Islamic participation certificates, for purposes of further use of funds raised from the offering of these securities, for development of a current investment project

– + +

3. The state registration of the originator was carried out at least two years prior to the date of submission of the application for inclusion of Islamic securities in the Official List of the stock exchange

4

+ + +5

4. (This line was removed following a decision of the Exchange's Board of Directors dated March 14, 2018)

4 At calculation of the operation period of the originator, it is allowed to take into account the operation period of the organization (s) whose re-organization led to setting up

of this originator. If the originator was set up as a result of re-organization of several companies, then the operation period of the company is taken into account, which was set up first.

5 The requirement for the originator is relevant, if the sukuk issue is carried out with participation of the originator .

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Item No.


certificates


Sukuk bonds

А 1 2 3 4

5. Originator and issuer prepare financial statements in accordance with international financial reporting standards

+ + +5

6. Financial statements of the originator are audited by one of auditing organizations approved by the Exchange by the first level

+ + +5

7. Financial statements of the issuer are audited by one of auditing organizations approved by the Exchange by the first or second level

+ + +

8. The issue prospectus of Islamic securities was approved by the originator's Council on principles of Islamic financing

+ + +

9. (This line was removed following a decision of the Exchange's Board of Directors dated March 14, 2018)

10. The issuer's shareholder capital was fully paid by the founder + + +

11. Property facilities included in allocated assets are leased (financial leasing) within two years before the day of submitting the application for inclusion of Islamic securities in the Exchange's Official List or an agreement was concluded between the originator and issuer on leasing (financial leasing) of property facilities comprising allocated assets, for the circulation term of these Islamic securities

+ – –

12. Allocated assets of the issuer or property contributed by the originator to an investment project or used by the originator for arranging Islamic financing, are appraised by an appraiser appointed by the originator

+ + +5

13. At least 75 % of revenues of the issuer on allocated assets consist of revenues earned from leasing property (financial leasing)

+ – –

14. Property facilities included in allocated assets are not pledged as collateral + – –

15. Investment project (investment portfolio) has a transparent scheme of cash flows which assumes the availability of an object (source), accumulating cash, mechanism of distribution of those funds and main sources of expenses of the investment project (investment portfolio)

– + +

16. Profitability (yield) of the investment project (investment portfolio) according to the project documentation is a positive value

– + +

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Item No.


certificates


Sukuk bonds

А 1 2 3 4

17. For the issuer – joint-stock company – the availability of a corporate governance code approved by the general meeting of the issuer's shareholders

+ + +


+ + +

Notes to the table:

In columns 2, 3 and 4 the sign "+" means that the requirement is applicable to securities indicated in these columns and their issuers; "–" means that the requirement is not applicable to securities and their issuers indicated in these columns.

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Appendix 1.10



"Mixed" market

"Securities of investment funds" sector

Item No.

Requirement contents

Shares of

Units of a unit investment trust

Securities of an ETF (this heading was

changed by a decision of the

Exchange's Board of Directors dated

November 7, 2018)

joint-stock investment fund

real estate fund

А 1 2 3 4 5

1. In accordance with the laws of the country where securities of the investment fund were registered, securities issued by it, must be allowed for offering and circulation in the stock exchange's trading system (the text of this cell was changed by a decision of the Exchange's Board of Directors dated November 7, 2018)

+ – + –

(This line was changed by a decision of the Exchange's Board of Directors dated October 12, 2017)

2. An investment fund set up in the form of a joint-stock company and the managing company of a unit investment fund, also the managing company of a unit ETF prepare financial statements in compliance with the International Financial Reporting Standards or US GAAP (the text of this cell was changed by decisions of the Exchange's Board of Directors dated November 7, 2018 and November 29, 2018)

+ + + +

3. On the day of submission of the application for inclusion of securities in a particular sector at least one year passed since the managing company of an investment fund set up in the form of a

+ + + +

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Item No.


Shares of





November 7, 2018)


real estate fund

А 1 2 3 4 5

joint-stock company, ETF or unit investment fund, received a license for managing the investment portfolio or respective document stipulated by the laws of the country where this investment fund set up in the form of a joint-stock company, or managing company of that ETF or unit investment fund, was registered as a legal entity (the text of this cell was changed by a decision of the Exchange's Board of Directors dated November 7, 2018)

4. Auditing of financial statements of an investment fund set up in the form of a joint-stock company, a managing company of an ETF or unit investment fund, is performed by one of auditing firms approved by the Exchange.

For an investment fund set up in the form of a joint-stock company, for a managing company of an ETF or unit investment fund incorporated in a country other than the Republic of Kazakhstan auditing is carried out by an auditing firm whose auditor's reports are accepted by at least one foreign stock exchange being a full member of the World Federation of Exchanges, or by the Securities and Exchange Commission (SEC), or that auditing firm is accredited by the UK's Auditing Practices Board (the text of this cell was changed by a decision of the Exchange's Board of Directors dated November 7, 2018 and supplemented by a decision of the Exchange's Board of Directors dated November 29, 2018)

+ + + +


5. Over the past three years or during the operation period of the investment fund set up in the form of a joint-stock company, a managing company of an ETF or unit investment fund, if their

+ + + +

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Item No.


Shares of





November 7, 2018)


real estate fund

А 1 2 3 4 5

operation period makes up less than three years before the application submission; an investment fund set up in the form of a joint-stock company, a managing company of an ETF or unit investment fund have not committed non-fulfillment or untimely execution of obligations towards holders of securities of that fund, that managing company (the text of this cell was changed by a decision of the Exchange's Board of Directors dated November 7, 2018 and supplemented by a decision of the Exchange's Board of Directors dated November 29, 2018)


6. The investment declaration of an investment fund set up in the form of a joint-stock company, is released on the website of that investment fund or its managing company, the investment declaration of the managing company of an ETF or unit investment fund is released on the website of that managing company (the text of this cell was changed by decisions of the Exchange's Board of Directors dated November 7, 2018 and November 29, 2018)

+ + + +

7. In founding documents of an investment fund set up in the form of a joint-stock company, as well as managing company of a unit investment fund there are no norms infringing upon or restricting the rights of holders of securities to their alienation (transfer)

+ + + –

8. State registration of an investment fund set up in the form of a joint-stock company was carried out at least one year before the day of submission of application for inclusion of its securities in the Official List (this item was supplemented by a decision of the Exchange's Board of Directors dated November 29, 2018).

+ + – –

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Item No.


Shares of





November 7, 2018)


real estate fund

А 1 2 3 4 5

At calculation of the existence period of a real estate investment fund the existence period of the organization(s) whose reorganization led to the establishment of that fund, may be taken into account (this item was included by a decision of the Exchange's Board of Directors dated November 29, 2018)

9. With regard to investment funds set up in the form of a joint-stock company, – residents of the Republic of Kazakhstan – availability of a corporate governance code approved by the general meeting of shareholders of such fund.

With regard to investment funds set up in the form of a joint-stock company, – non-residents of the Republic of Kazakhstan – availability of a corporate governance code or a document similar in its purpose approved according to the procedure stipulated by the laws of the country where such fund was registered as a legal entity, in case its availability is stipulated by the laws of the country where such fund was registered as a legal entity.

+ + – –

10. The total amount of debt subject to repayment on account of assets of the real estate fund, on any types of loans must not exceed 60 % of the value of assets of the real estate fund according to its financial statements for the last completed financial year confirmed by an auditor's report (the text of this cell was changed by a decision of the Exchange's Board of Directors dated November 29, 2018)

– + – –


11. At least 50 % of investment income of the real estate fund are represented by income received from leasing of immovable property according to its financial statements for the last

– + – –

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Item No.


Shares of





November 7, 2018)


real estate fund

А 1 2 3 4 5

completed financial year confirmed by an auditor's report


12. Property representing the assets of the real estate fund was not purchased from affiliated persons of the managing company of the real estate fund

– + – –

13. The lease term of real estate pieces from assets of the real estate fund specified in the lease agreement is at least one year

– + – –

14. The availability of a market-maker – – – +


Note to the table:

In columns 2, 3, 4 and 5 "+" means that the requirement applies to securities indicated in these columns and their issuers; "–" means that the requirement doesn't apply to securities indicated in these columns and their issuers.

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Appendix 1.11


(This appendix was changed by decisions of the Exchange's Board of Directors dated June 8, 2017 and March 14, 2018)


"Mixed" market

"Securities of international financial institutions" sector

Item Type of

requirement Requirements contents

А 1 2

1. Accounting of securities

is carried out by the Central Depository or will be carried out by the Central Depository after their inclusion in this sector

This requirement doesn't need to be confirmed by the organization, carrying out the accounting of securities, for securities of international financial institutions issued under laws of the Republic of Kazakhstan, and whose account is carried out (will be carried out after their issue) in international depositaries Clearstream Banking AG, Frankfurt and/or Euroclear Bank SA/NV

2. Qualifying as subject to these Rules

the Issuer or guarantor of these securities is included in the list of international financial institutions indicated in Appendix 5.1 to these Rules

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Appendix 1.12


(This appendix has been changed by a decision of the Exchange's Board of Directors dated August 26, 2019)


"Mixed" Market

"Government securities" Sector

Item No.

Requirement contents Republican securities

Municipal securities

Foreign government securities

А 1 2 3 4

1. Existence of securities as objects of civic rights + + +

2. Accounting/servicing of securities in the system of the Central Securities Depository and/or if securities are registered under laws of a country other than the Republic of Kazakhstan – in the system of international depositories Clearstream Banking AG, Frankfurt and/or Euroclear Bank SA/NV (the text of this cell was changed by a decision of the Exchange's Board of Directors dated August 26, 2019)

+ + +

3. (This line was changed by decisions of the Exchange's Board of Directors of March 14, 2018, February 26, 2020 and removed by a decision of the Exchange's Board of Directors dated May 27, 2020)

4. Availability of international identification number (ISIN) +

(the text of this cell was changed by a decision of the Exchange's Board of Directors dated

+

(the text of this cell was changed by a decision of the Exchange's Board of Directors dated March

+

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59

March 19, 2019) 19, 2019)

5. Issuer of securities has a sovereign long-term credit rating in foreign currency not lower than "В-" (according to classifications of Standard & Poor's and Fitch Ratings) or "В3" (according to classification of Moody's Investors Service)

– – +

6. Absence of legislative or other possible bans and restrictions impeding the fee circulation of securities on Kazakhstan's regulated securities market

– – +

Note to the table:

In columns 2, 3 and 4 "+" means that the requirement applies to securities indicated in these columns and their issuers; "–" means that the requirement doesn't apply to securities indicated in these columns and their issuers.

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Appendix 2.1


L I S T I N G P R O C E D U R E S

Issue of a preliminary opinion

1. The application of the admittance initiator for issue of a preliminary opinion must contain information (surname, name, position occupied, telephone number, e-mail address) on the employee(s) of the admittance initiator who will contact the Exchange regarding issues related to the procedure of obtaining the preliminary opinion (this item was changed by a decision of the Exchange's Board of Directors dated November 7, 2018).

2. To obtain a preliminary opinion on securities supposed to be included in sector "Debt securities" of the respective market by category "Bonds", the admittance initiator must present to the Exchange a draft bonds issue prospectus of the issuer (a draft bond program prospectus (if available)), as well as documents listed in lines 1–3, 17–19, 22, 23, 25, 38, 39, 43 of the table of Appendix 3.1 hereof. Repeated presenting of the above-mentioned documents is not required, if these documents were presented earlier by the listed company as part of disclosure of information in accordance with section 4 hereof (this item was changed by decisions of the Exchange's Board of Directors dated October 12, 2017 and February 26, 2020 and supplemented by a decision of the Exchange's Board of Directors dated May 27, 2020).

Documents provided for purposes of obtaining a preliminary opinion must be prepared in accordance with requirements specified in these Rules.

3. To obtain a preliminary opinion on securities supposed to be included in the "Debt securities" sector of the respective market by category "Commercial bonds", the admittance initiator must present to the Exchange one copy of the draft issue prospectus of bonds with maturity of no longer than 12 (twelve) months (this item was changed by decisions of the Exchange's Board of Directors dated November 7, 2018 and August 26, 2019).

4. A preliminary opinion is issued to the admittance initiator provided the listing fee for issue of the preliminary opinion was paid within the time mentioned below, which is counted from the day of provision to the Exchange of the last of documents requested in accordance with these Rules:

1) within 10 working days on securities that are supposed to be included in the "Debt securities" sector of the respective market by category "Bonds";

2) within three working days on securities that are supposed to be included in the "Debt securities" sector of the respective market by category "Commercial bonds".

(This item was changed by a decision of the Exchange's Board of Directors dated March 14, 2018).

5. A preliminary opinion is signed by the member of the Exchange's Management Board supervising the Listing Department and by the head of the Listing Department, or persons substituting them, or by another person (other persons) authorized by the Chairman of the Management Board for signing of such opinion (this item was included by a decision of the Exchange's Board of Directors dated March 14, 2018 and changed by a decision of the Exchange's Management Board dated November 7, 2018).

6. The Exchange shall send to the admittance initiator a refusal to issue a preliminary opinion on securities which are supposed to be included in the "Bonds" category of the "Debt securities" sector of the respective market, in case of non-payment of the listing fee four issuing a preliminary opinion within the period specified in the internal document of the Exchange approved by a decision of the Exchange's Board of Directors and determining amounts (rates) of listing fees, as well as the deadlines and procedure of their payment, for such fee (this item was included by a decision of the Exchange's Board of Directors dated March 14, 2018).

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7. The procedure of issuing a preliminary opinion can be suspended following an initiative of the admittance initiator, for no longer than 30 calendars days from the date of receipt by the Exchange of a respective letter of the admittance initiator as incoming correspondence.

The Exchange resumes the procedure of issuing a preliminary opinion upon expiry of the suspension of that procedure, determined according to the paragraph one of this item.

(This item was included by a decision of the Exchange's Board of Directors dated March 14, 2018)

8. The preparation of a preliminary opinion on the compliance of the Exchange and its proposed bonds with the listing requirements doesn't require a submission of an applications for issuance of such opinion and provision of documents specified in this appendix, and is carried out based on a decision of the respective body (decisions of respective bodies) of the Exchange and an instruction of the Exchange's management (this item was included by a decision of the Exchange's Board of Directors dated November 7, 2018).

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Appendix 2.2


F U L L L I S T I N G P R O C E D U R E S

Chapter 1. PROCEDURE OF CONSIDERING APPLICATIONS FOR LISTING AND VOLUNTARY DELISTING

1. The application of the admittance initiator for inclusion of securities in the Official List (for the Exchange's consent to inclusion in the Official List of bonds or depositary receipts supposed to be issued in accordance with the laws of a country other than the Republic of Kazakhstan) must contain information (surname, name, patronymic, position occupied, telephone number, e-mail address) on the employee(s) of the admittance initiator and/or financial advisor who will contact the Exchange on issues related to respective procedures (this item was changed by a decision of the Exchange's Board of Directors dated November 7, 2018 and supplemented by a decision of the Exchange's Board of Directors dated May 28, 2019).

2. The application for inclusion of securities in the Official List (for the Exchange's consent to inclusion in the Official List of bonds or depositary receipts supposed to be issued in accordance with the laws of a country other than the Republic of Kazakhstan) must be accompanied by documents in accordance with Appendix 3.1 to these Rules (taking into account particular aspects specified in the second paragraph of this item and items 3–5 of this chapter) (this item was supplemented by decisions of the Exchange's Board of Directors dated September 25, 2017 and May 28, 2019).

When submitting an application for inclusion in the Official List of subordinated bonds issued by a second-tier bank from the Republic of Kazakhstan participating in the Program of improving the financial strength of the banking sector in the Republic of Kazakhstan, approved by a resolution No. 129 of the Management Board of the National Bank of the Republic of Kazakhstan dated June 30, 2017, the initiator of admittance of such bonds is provided with extra time for provision of documents indicated in lines 16 and 19 of the table of Appendix 3.1 to these Rules, until December 31, 2017. At the same time, the initiator of admittance of such bonds shall provide the Exchange with a letter of guarantee on provision by December 31, 2017 of documents, indicated in lines 16 and 19 of the table of Appendix 3.1 to these Rules, if the application for inclusion in the Official List of subordinated bonds is submitted before this date (this item was included by a decision of the Exchange's Board of Directors dated September 25, 2017).

3. In case the application for inclusion of securities of a particular issuer in the Official List is submitted for the first time or at the moment of submission of that application, in the Official List there are no securities of that issuer, in addition to documents indicated in item 2 of this chapter, the Exchange must be provided with a listing agreement (in two copies) prepared in accordance with item 2 of Article 6 of these Rules.

The deadline for provision to the Exchange of the listing agreement by the admittance initiator is specified in item 3 of Article 6 of these Rules.

4. The list of documents that must be provide to the Exchange out of those listed in Appendix 3.1 to these Rules along with the application for inclusion in the Official List of securities (for the Exchange's consent to inclusion in the Official List of bonds or depositary receipts supposed to be issued in accordance with the laws of a country other than the Republic of Kazakhstan) of the issuer any securities of whom are already in the Official List, is approved by the Listing Department in each particular case separately, based on the time elapsed from the date of the most recent consideration of the application for inclusion of any securities of that issuer in the Official List or for giving consent to inclusion in the Official List of bonds supposed to be issued in accordance with the laws of a country other than the Republic of Kazakhstan. Upon request from the admittance initiator this list can be confirmed by an official letter of the Exchange signed by the member of the Exchange's Management Board supervising the Listing Department, or head of the Listing Department, or persons substituting them (this item was supplemented by a decision of the Exchange's Board of Directors dated May 28, 2019).

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5. Along with the application for voluntary delisting of securities the Exchange must be provided with documents (information) necessary and sufficient for consideration of that issue and taking a respective decision.

6. The application for inclusion of securities in the Official List (for consent to inclusion in the Official List of bonds or depositary receipts supposed to be issued in accordance with the laws of a country other than the Republic of Kazakhstan) or for voluntary delisting of securities (hereinafter in this appendix – the application) is acknowledged as accepted by the Exchange for consideration after receipt by it of the last one of the documents (last additionally requested information) in accordance with items 2, 4 and 5 of this chapter irrespective of the date of receipt by the Exchange of that application as incoming correspondence (this item was changed by decisions of the Exchange's Board of Directors dated September 25, 2017 and October 12, 2017 and supplemented by a decision of the Exchange's Board of Directors dated May 28, 2019).

7. The fact of acceptance by the Exchange of an application for consideration is confirmed by imprinting on it of the seal "Accepted for review" with indication of the date of acceptance of the application for review by the Exchange.

The person, responsible for keeping and using the said stamp is appointed by an order of the CEO of the Exchange out of employees of the Listing Department.

8. During the below mentioned period of time the Listing Department shall consider the application with accompanying documents and shall prepare the following document:

1) (at obvious incompliance of securities and/or their issuer with the listing requirements or at incompliance of requirements for the completeness of documents following from item 2 of this chapter) within five working days following the day of receipt by the Exchange of the application as incoming correspondence, – a motivated refusal to accept the application for consideration signed by the member of the Exchange's Management Board supervising the Listing Department, or the person substituting him (this sub-item was changed by a decision of the Exchange's Board of Directors dated February 26, 2020);

2) (at absence of reasons for preparing a motivated refusal to accept the application for review; depending on the application's character) within 10 working days, following the date of receipt of the application for review, – an opinion, signed by the member of the Exchange's Management Board supervising the Listing Department, and the head of the Listing Department, or persons substituting them, or by (a) third person(s) authorized by the Chairman of the Exchange's Management Board for signing of such opinion (this item was supplemented by a decision of the Exchange's Board of Directors dated November 7, 2018):

on issue by the Exchange of consent to inclusion in the Official List of bonds or depositary receipts supposed to be issued under the laws of a country other than the Republic of Kazakhstan; or (this item was supplemented by a decision of the Exchange's Board of Directors dated May 28, 2019)

an opinion on the voluntary delisting of securities;

3) (at absence of reasons for preparing a motivated refusal to accept the application for review) within 20 working days, following the date of receipt of the application for review, – an opinion on the possibility of inclusion of securities in the Exchange's Official List signed by the member of the Exchange's Management Board supervising the Listing Department, and the head of the Listing Department, or persons substituting them, or by (a) third person(s) authorized by the Chairman of the Exchange's Management Board for signing of such opinion (this item was supplemented by a decision of the Exchange's Board of Directors dated November 7, 2018).

9. The issue of the possibility of inclusion in the Official List of securities previously delisted for the reason indicated in sub-item 3) of item 1 of chapter 3 of this appendix, can be reconsidered only after a removal of reasons for their delisting.

10. When considering documents provided by the admittance initiator simultaneously with the application, and preparation of an opinion the Listing Department may request from the admittance initiator additional information required for the Listing commission to make a justified decision by way of sending to the admittance initiator an official request signed by the member of

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the Exchange's Management Board supervising the Listing Department, or head of the Listing Department, or persons substituting them. In this case consideration of said documents and preparation of an opinion is suspended and resumed after provision of requested information in full (taking into account the particular aspect specified in paragraph two of this item) (this paragraph was changed by a decision of the Exchange's Board of Directors dated February 26, 2020).

Suspension of consideration of the application due to the Listing Department's requesting information not related to the check for compliance with listing requirements, is allowed only once, if not otherwise agreed with the admittance initiator.

In case significant discrepancies arise between the Listing Department and the admittance initiator regarding disclosure of information not related to the check for compliance with listing requirements, the Listing Department may suggest the issue of suspension of preparation of an opinion by the Listing Department until receipt of necessary information. A decision of the Exchange's Management Board on suspension of preparation of an opinion by the Listing Department is brought to knowledge of the admittance initiator within three working days from the day of such decision by way of sending to him a respective notice signed by member of the Exchange's Management Board supervising the Listing Department, or the person substituting him.

11. Consideration of an application based on a letter of the admittance initiator can be suspended for no longer than six months. Upon expiration of said term and at absence at the Exchange of the letter from that admittance initiator on resumption of consideration of the application, consideration of that application is discontinued (this item was included by a decision of the Exchange's Board of Directors dated October 12, 2017).

Chapter 2. TRANSFER OF SECURITIES FROM ONE CATEGORY OF THE OFFICIAL LIST TO ANOTHER, FROM ONE MARKET OF THE OFFICIAL LIST TO ANOTHER

1. The issue of the possibility of change in the category or market of securities doesn't require an application from the admittance initiator for such transfer and is considered on the Exchange's initiative (taking into account the particular aspect specified in item 5 of this chapter).

2. The issue of the possibility of transfer of securities from category "Standard" into category "Premium" of "Shares" sector of "Main" market, of from "Alternative" market into respective sector and category of "Main" market, is considered only after receipt by the Exchange from the admittance initiator of documents that confirm the compliance of those securities and their issuer with listing requirements of the category, the issue of possibility of transfer into which is supposed to be considered.

3. The issue of the possibility of transfer of securities from category "Premium" into category "Standard" of "Shares" sector of "Main" market, into category "Buffer" of sector "Debt securities" of respective market, as well as from "Main" market to "Alternative" market is considered:

1) due to incompliance of particular securities and/or their issuer with any of listing requirements specified for quotation of securities in the "Premium" category, also with the requirement for the availability of a market-maker for those securities for one month, as well as in case of suspension of the license for execution of the main type (one of the main types) of activities by the authority which issued that license (this sub-item was changed by a decision of the Exchange's Board of Directors dated March 19, 2019);

2) in cases at whose occurrence the regulation of the Authorized Body provides for a transfer of securities into category "Buffer";

3) due to incompliance of particular securities and/or their issuer with any of criteria specified for quotation of securities on "Main" market (this sub-item was changed by a decision of the Exchange's Board of Directors dated October 12, 2017).

4. The issue of possibility of accepting the action plan and transfer of securities into category "Buffer" is considered in accordance with terms and particulars, as well as deadlines specified in

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the regulation of the Authorized Body, and in accordance with item 3 of Chapter 4 of this appendix.

5. An application for transfer of debt securities of a second-tier bank being involved in restructuring, into category "Buffer" must be submitted to the Exchange within 10 working days, following the day when the Board of Directors of that bank took a decision on restructuring.

6. The issue of possibility of transfer of securities from category "Buffer" into another category of sector "Debt securities" of markets "Main" or "Alternative" of the Official List or their delisting upon expiry of the term, specified in the statutory act of the Authorized Body for quotation of those securities in said category of the respective market, is considered by the Listing Commission without the admittance initiator submitting an application for such transfer or delisting.

The issue of possibility of transfer of securities from category "Buffer" into another category of sector "Debt securities" of markets "Main" or "Alternative" of the Official List can be considered upon request from the admittance initiator before expiry of the above-mentioned term only after receipt by the Exchange of documents confirming the compliance of those securities and their issuer with requirements of the other category.


7. Within 10 working days from the day of receipt by the Exchange of information (documents), necessary and sufficient for preparation of an opinion, the Listing Department will prepare an opinion on the possibility of transfer of securities:

1) from category "Standard" to category "Premium" of "Shares" sector of "Main" market;

2) from category "Premium" to category "Standard" of "Shares" sector of "Main" market;

2-1) from "Main" market to the respective sector (to the respective sector and category) of "Alternative" market (this sub-item was included by a decision of the Exchange's Board of Directors dated October 12, 2017);

3) from "Alternative" market to respective sector and category of "Main" market;

4) to category "Buffer" of sector "Debt securities" of the respective market;

5) from category "Buffer" to another category of sector "Debt securities" of "Main" market or "Alternative" (this sub-item was changed by a decision of the Exchange's Board of Directors dated October 12, 2017).

Chapter 3. DELISTING OF SECURITIES

1. The issue of any securities' delisting must be considered by the Listing Commission for the following reasons:

1) submission by these securities' admittance initiator of an application for voluntary delisting (considering specifics, established by item 5 of this chapter);

2) occurrence of any of the cases specified in the regulatory act of the Authorized Body as a reason for delisting of securities;

3) incompliance of these securities and/or their issuer with requirements, established by the statutory act of the Authorized body or these Rules, including in case of absence for one month of the market-maker for debt securities if his availability is mandatory in accordance with these Rules (this sub-item was changed by decisions of the Exchange's Board of Directors dated October 12, 2017 and March 14, 2018);

4) announcement by these securities' issuer of a forced or voluntary reorganization, which leads to a loss by this issuer of the legal entity status or a legal form change, or impairment of the rights of holders of securities issued by this issuer, or aggravation of its financial status and ability to fulfill obligations;

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5) (this sub-item was excluded by a decision of the Exchange's Board of Directors dated May 28, 2019);

6) systematic (nine and more times during twelve consecutive calendar months) non-fulfillment by these securities' admittance initiator of information disclosure requirements, provision by these securities' admittance initiator to the Exchange of unreliable, inaccurate or incomplete data specified by the legislation of the Republic of Kazakhstan, these Rules and the listing agreement (this sub-item was changed by a decision of the Exchange's Board of Directors dated May 28, 2019);

7) availability of unsettled debt on payment of annual listing fee on these securities as of the last business day of the calendar month following the last day of the quarter when the Exchange presented the invoice for payment of that fee;

8) deliberate or compulsory liquidation of the issuer of particular securities;

9) non-compliance with the requirement for opening of trading in these securities on the date specified in item 1 of Article 24 of these Rules (this sub-item was changed by decisions of the Exchange's Board of Directors dated September 25, 2017 and October 12, 2017).

10) non-fulfillment of terms of the obligation letter mentioned in paragraph two of item 2 of Chapter 1 of this Appendix (this sub-item was included by a decision of the Exchange's Board of Directors dated September 25, 2017).

2. (This item was removed by a decision of the Exchange's Board of Directors dated October 12, 2017).

3. In case of receipt by the Exchange of the information based on which can be considered securities delisting issue not from the admittance initiator, the Exchange must request from these securities' admittance initiator a confirmation or disproof of received information. The Exchange sets the timeframe of answer to such request, but the timeframe must not exceed 30 calendar days.

Based on the received information, until an official explanation from the admittance initiator, trades in particular issuer's securities can be suspended by the Exchange's Management Board decision with the subsequent approval of trades' suspension period by the Exchange's Board of Directors. At this the trades suspension period, approved by the Exchange's Board of Directors must not be less than the period of time past from the moment of trades suspension to the moment of this period approval by the Exchange's Board of Directors.

In case of confirmation of the information, specified in the first paragraph of this item, securities delisting issue is brought up for discussion at the Listing Commission's meeting, in case of disproof of that information the issue of that issuer's securities trades resumption is put up for discussion at the Exchange's Board of Directors meeting.

4. Upon occurrence of any of the reasons provided for in item 1 of this article, the Listing Department prepares an opinion on the possibility of securities' delisting within 10 working days after the receipt by the Exchange of information (documents), necessary and sufficient for the preparation of such opinion.

When considering the issue of delisting of securities, the Listing commission (in cases, when such delisting substantially, in the opinion of the Listing commission, affects rights and interests of investors on the securities market and/or professional participants of participants of the securities market) may rule, that such decision comes into effect upon expiry of a certain period of time, which must not exceed six months from the day of such decision (this item was included by a decision of the Exchange's Board of Directors dated August 26, 2019).

5. The issue of voluntary delisting of particular securities can be put up for consideration by the Listing Commission only at absence of debt on payment of the annual listing fee on those securities.

The issue of voluntary delisting of shares is considered by the Listing Commission only if the admittance initiator provides a document confirming the decision on such delisting taken by the general meeting of shareholders (sole shareholder) of those shares' issuer, or, if that is permitted by the applicable legislation and confirmed by the admittance initiator in written form, by the body of that issuer other than the general meeting of shareholders (sole shareholder).

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During consideration of the issue of voluntary delisting of particular securities the Listing Commission (in cases when these securities delisting is significantly, according to the Listing Commission, affects investors' rights and interests on the securities market and/or securities market's professional participants) has the right to set forth that its decision on these securities' delisting becomes effective upon expiry of a certain period, which must not exceed six months from the decision making day.

6. Removal of securities from the Official List without recording any decisions of bodies and executives of the Exchange is carried out at occurrence of any of the following conditions:

1) expiry of their circulation term;

2) their conversion into other kinds (types) of securities in accordance with terms of issue of those securities;

3) due to the exchange of shares of one kind for shares of another kind;

3-1) annulment of securities (this sub-item was included by a decision of the Exchange's Board of Directors dated October 12, 2017);

4) early redemption (this sub-item was changed by a decision of the Exchange's Board of Directors dated March 14, 2018);

5) declaring of the state registration of these securities' issue as invalid based on a court ruling (this sub-item was included by a decision of the Exchange's Board of Directors dated March 14, 2018).

7. Information on removal of particular securities from the Official List in accordance with item 1 of this chapter is brought to knowledge of their admittance initiator within three working days from the date of such removal.

Chapter 4. PROCEDURE OF MAKING A DECISION ON LISTING, DELISTING, CHANGE OF MARKET OR CATEGORY OF SECURITIES

1. The issue of the possibility of securities inclusion in the Official List, or giving of consent for inclusion in the Official List of bonds or depositary receipts, supposed to be issued in compliance with the legislation of a country other than the Republic of Kazakhstan, or the possibility of transfer of securities from one category of the Official List to another, from one market of the Official List to another, or delisting of securities is put up for review at the next meeting of the Listing Commission after the Listing Department prepares a respective opinion in compliance with the condition specified in paragraph seven of item 3 of this chapter (this item was supplemented by a decision of the Exchange's Board of Directors dated May 28, 2019).

A decision on the issue of the possibility of securities inclusion in the Official List, or giving of consent for inclusion in the Official List of bonds or depositary receipts, supposed to be issued in compliance with the legislation of a country other than the Republic of Kazakhstan, or the possibility of transfer of securities from one category of the Official List to another, from one market of the Official List to another, or delisting of securities can be taken by the Listing Commission by way of absentee voting of its members (with the exception specified in paragraph three of this item), as well as with participation of members of the Listing Commission absent at the place of its meeting, on terms stipulated by the Exchange's internal document regulating activities of the Listing Commission (this item was supplemented by a decision of the Exchange's Board of Directors dated May 28, 2019).

Taking a decision by the Listing Commission by way of absentee voting of its members on the issue of the possibility of inclusion of securities of particular issuer in the Official List is prohibited, if previously securities of that issuer were delisted, or if that issuer committed defaults over the past three years, as well as on the issue of voluntary delisting of securities in cases when such delisting will substantially, in the Exchange's opinion, affect the rights and interests of investors on the securities market and/or those of professional participants of the securities market.

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2. During consideration of the issue of the possibility of securities inclusion in the Official List, or the possibility of transfer of securities from one category of the Official List to another, or from one market of the Official List to another, or delisting of securities, the Listing Commission may:

1) postpone the consideration of that issue until the occurrence of events defined by the Listing Commission, until fulfillment of conditions defined by the Listing Commission, or for reasons, which in the Listing Commission's opinion formed during the consideration of that issue, do not allow its consideration at the current meeting;

2) instruct the Listing Department to additionally examine that issue in accordance with the decision of the Listing Commission taken based on consideration of that issue.

3. A decision on the issue of the possibility of securities inclusion in the Official List, or giving of consent for inclusion in the Official List of bonds or depositary receipts, supposed to be issued in compliance with the legislation of a country other than the Republic of Kazakhstan, or transfer of securities from one category of the Exchange's Official List to another, from one market of the Official List to another, or delisting of securities is considered as taken, if at least two thirds of the total number of members of the Listing Commission voted for it (with exceptions specified in paragraph five of this item) (this item was supplemented by a decision of the Exchange's Board of Directors dated May 28, 2019).

In case for inclusion of securities in the Official List, or for the Exchange's consent for inclusion in the Official List of bonds or depositary receipts, supposed to be issued in compliance with the legislation of a country other than the Republic of Kazakhstan, or for transfer of securities from one category of the Exchange's Official List to another, or for transfer of securities from one market of the Official List to another, less votes were submitted than it is indicated in paragraph one of this item, it is considered that the Listing Commission refused such inclusion (such consent, transfer) (this item was changed by a decision of the Exchange's Board of Directors dated March 14, 2018 and supplemented by a decision of the Exchange's Board of Directors dated May 28, 2019).

A repeated consideration of the issue of the possibility of securities inclusion in the Official List, or the Exchange's consent for inclusion in the Official List of bonds or depositary receipts, supposed to be issued in compliance with the legislation of a country other than the Republic of Kazakhstan, or transfer of securities from one category of the Official List to another, from one market of the Official List to another is carried out upon expiry of one month, if not otherwise specified by a decision of the Listing Commission during the first consideration of that issue ( this item was supplemented by a decision of the Exchange's Board of Directors dated May 28, 2019).

In case during the voting on an issue of delisting of securities or the possibility of transfer of securities from category "Premium" into category "Standard" of "Shares" sector of "Main" market of the Official List due to incompliance of those securities and/or their issuer with listing requirements of category "Premium" more than one third of the total number of members of the Listing Commission voted against such delisting or transfer, those members of the Listing Commission must motivate the reason for which voted like that. In such case a repeated meeting is conducted on that issue, or in case of need for any additional (specifying) information related to such securities and/or their issuer, that issue is repeatedly put up for consideration at the next meeting of the Listing Commission.

During voting on the issue of the possibility of securities inclusion in the Official List, or giving of consent for inclusion in the Official List of bonds or depositary receipts, supposed to be issued in compliance with the legislation of a country other than the Republic of Kazakhstan, or the possibility of transfer of securities from category "Standard" into category "Premium" of "Shares" sector of the "Main" market, or from the "Alternative" market into respective sector and category of "Main" market the member of the Listing Commission – representative of the Authorized Body may vote against such inclusion (such consent, such transfer) with the use of the veto right, as well as without the use of such right ( this item was supplemented by a decision of the Exchange's Board of Directors dated May 28, 2019).

During voting on the issue of the possibility of securities inclusion in the Official List, or giving of consent for inclusion in the Official List of bonds or depositary receipts, supposed to be issued in compliance with the legislation of a country other than the Republic of Kazakhstan, or the possibility of transfer of securities from category "Standard" into category "Premium" of "Shares" sector of the "Main" market, or from the "Alternative" market into respective sector and category

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of the "Main" market of the Exchange, it is considered that the Listing Commission refused such inclusion (such consent, such transfer) irrespective of the number of votes submitted for such inclusion (such consent, such transfer) by other members of the Listing Commission, if the member of Listing Commission – representative of the Authorized Body voted against such inclusion (such consent, such transfer) using the veto right ( this item was supplemented by a decision of the Exchange's Board of Directors dated May 28, 2019).

Within three working days after said voting the Exchange must notify the CEO of the Authorized Body that the member of Listing Commission – representative of the Authorized Body during the voting on the issue of the possibility of securities inclusion (the name of securities, their international identification number, name of the issuer of those securities are indicated) in the Exchange's Official List, or giving of consent for inclusion in the Official List of bonds or depositary receipts, supposed to be issued in compliance with laws of a country other than the Republic of Kazakhstan, or the possibility of transfer of securities from the category "Standard" into the category "Premium" of the "Shares" sector of the "Main" market of the Official List, or from the "Alternative" market into the respective sector and category of "Main" market of the Exchange's Official List voted against such inclusion (such consent, such transfer) using the veto right ( this item was changed by a decision of the Exchange's Board of Directors dated November 7, 2018 and supplemented by a decision of the Exchange's Board of Directors dated May 28, 2019).

In order to provide members of the Listing Commission with enough time to develop a justified opinion on the issue of the possibility of inclusion of securities in the Official List, or giving of consent on inclusion in the Official List of bonds or depositary receipts supposed to be issued in compliance with the legislation of a country other than the Republic of Kazakhstan, or the possibility of transfer of securities from one category of the Official List to another, or from one market of the Official List to another, or of delisting of securities, materials related to that issue must be released in the respective section of the Exchange's website not later than three full working days before its consideration, except for the case when all members of the Listing Commission, participating in its meeting, are not against consideration during that meeting of the possibility of inclusion of securities in the Official List, or giving of consent on inclusion in the Official List of bonds or depositary receipts supposed to be issued in compliance with the legislation of a country other than the Republic of Kazakhstan, on the possibility of transfer of securities from one category of the Official List to another, or from one market of the Official List to another, or of delisting of securities materials related to which were released in the respective section of the Exchange's website later than said term ( this item was supplemented by a decision of the Exchange's Board of Directors dated May 28, 2019).

4. Decisions of the Listing Commission on issues of the possibility of inclusion of securities in the Official List, or giving of consent on inclusion in the Official List of bonds or depositary receipts supposed to be issued in compliance with the legislation of a country other than the Republic of Kazakhstan, on the possibility of transfer of securities from one category of the Official List to another, or from one market of the Official List to another, on delisting without indication of personal opinions (positions) of particular members of the Listing Commission on indicated issues, as well as information which is contained in opinions prepared by the Listing Commission are released on the Exchange's website ( this item was supplemented by a decision of the Exchange's Board of Directors dated May 28, 2019).

Decisions of the Listing Commission on indicated issues are brought to knowledge of admittance initiators within three working days from the dates of said decisions by way of sending to admittance initiators of respective notices signed by the member of the Exchange's Management Board that supervises the Listing Department, or the person substituting him, or by another person authorized by the Chairman of the Exchange's Management Board for signing of such notice ( this item was supplemented by a decision of the Exchange's Board of Directors dated November 7, 2018).

Chapter 5. COMING INTO EFFECT OF THE DECISION ON LISTING, DELISTING, CHANGE OF MARKET OR SECURITIES CATEGORY

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1. The decision on securities inclusion in the Official List becomes effective not later that next working day after fulfillment of the latest of the following conditions:

1) provision of two copies of the listing agreement, documented in compliance with item 2 of Article 6 of these Rules;

2) payment of the entry fees and first annual listing fees on these securities.

2. In case shares are included in the Official List for the first time for IPO purposes, the decision on their inclusion in the mentioned list becomes effective from the date agreed on with the admittance initiator, but not later than thirty calendar days from the day that decision was taken by the Listing Commission.

3. Coming into effect of the Exchange's decision on consent for inclusion in the Official List of bonds or depositary receipts, supposed to be issued in compliance with the legislation of a country other than the Republic of Kazakhstan, besides fulfillment of terms, established by item 1 of this article, requires submission of ( this item was supplemented by a decision of the Exchange's Board of Directors dated May 28, 2019):

1) a document, attesting assignment to these bonds or depositary receipts of the International Securities Identification Number (International Securities Identification Number; ISIN) (this sub-item was supplemented by a decision of the Exchange's Board of Directors dated May 28, 2019);

2) a copy of these bonds' or depositary receipts' issue prospectus, registered under the applicable laws, or other document similar in its purpose to the specified prospectus (the final version) in English, if the state language of the country under the laws of which these bonds were issued, is not Russian (this sub-item was supplemented by a decision of the Exchange's Board of Directors dated May 28, 2019);

3) (if these bonds are international bonds) a copy of the global note on these bonds in English (this sub-item was changed by a decision of the Exchange's Board of Directors dated October 12, 2017);

4) information on the number of holders of those bonds (this sub-item was included by a decision of the Exchange's Board of Directors dated October 12, 2017).

4. The Listing Commission's decisions on delisting of securities, transfer of securities from one market of the Official List to another, or from one category of the Official List to another becomes effective the next working day after those decisions were taken, if not otherwise specified when they were taken.

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Appendix 2.3


S I M P L I F I E D L I S T I N G P R O C E D U R E S

Securities quoted on other stock exchanges.

Securities of the Exchange

(This heading was changed following a decision of the Exchange's Board of Directors dated November 7, 2018)

Chapter 1. CONDITIONS OF USE OF SIMPLIFIED LISTING PROCEDURES

1. For inclusion of securities indicated in the second, third and fifth paragraphs of sub-item 1) of item 3 of Article 12 of these Rules, in the respective sector and category on a particular market of the Exchange's Official List according to simplified listing procedures and their quotation therein ( this item was changed by a decision of the Exchange's Board of Directors dated November 7, 2018):

1) those securities and their issuer must comply with listing requirements of the sector (category), which was specified in the application for inclusion of those securities in the Exchange's Official List according to the simplified listing procedures;

2) those securities must be included in the Official List of one of foreign stock exchanges indicated in sub-item 1) of item 3 of Article 12 of these Rules (taking into account aspects specified in item 2 of this chapter) (this sub-item was changed by a decision of the Exchange's Board of Directors dated November 7, 2018);

3) information on the issuer of particular securities is disclosed in accordance with the legislation of the country where that stock exchange is incorporated and with the rules of that stock exchange (taking into account aspects specified in item 2 of this chapter) (this sub-item was changed by a decision of the Exchange's Board of Directors dated February 26, 2020).

2. At inclusion of depositary receipts in the "Derivative securities" sector of the "Mixed" market of the Exchange's official list:

1) the requirement specified in sub-item 2) of item 1 of this chapter, is applied to those depositary receipts or shares which are the underlying assets of those depositary receipts;

2) the requirement specified in sub-item 3) of item 1 of this chapter, is applied to the issuer of shares which are the underlying asset of those depositary receipts, but not to the issuer of depositary receipts.

3. At inclusion of securities of the Exchange in the Official List, those securities and the Exchange must comply with criteria of the market and/or listing requirements of the sector (category) of a particular market of the Official List in which those securities are included (this item was included by a decision of the Exchange's Board of Directors dated November 7, 2018).

(This chapter was changed by a decision of the Exchange's Board of Directors dated March 14, 2018).

Chapter 2. PROCEDURE OF CONSIDERATION OF APPLICATIONS FOR LISTING, VOLUNTARY DELISTING, CHANGE OF MARKET AND CATEGORY OF SECURITIES

1. The admittance initiator's application for inclusion of securities, indicated in the second, third and fifth paragraphs of sub-item 1) of item 3 of Article 12 of these Rules, in the Official List, on transfer of such securities from one category of the Official List to another, or from one market of the Official List to another, must contain information (surname, name, patronymic, the position occupied, telephone number, e-mail address) on the employee(s) of the admittance initiator that

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will interact with the Exchange on issues related to respective procedures (this item was changed by a decision of the Exchange's Board of Directors dated November 7, 2018).

2. The list of documents, which must be attached to the application for inclusion of securities, indicated in the second, third and fifth paragraphs of sub-item 1) of item 3 of Article 12 of these Rules in the Official List under simplified listing procedures out of those specified in Appendix 3.1 to these Rules, in each concrete case shall be agreed on with the Listing Department separately, based on norms of these Rules and the legislation of the country of registration of the issuer of these securities as a legal entity. At the admittance initiator's request this list can be confirmed by the Exchange's official letter, signed by the Exchange's Management Board member, supervising the Listing Department or the Listing Department's head or persons substituting them (this item was changed by a decision of the Exchange's Board of Directors dated November 7, 2018).

3. The application for inclusion of securities, indicated in the second, third and fifth paragraphs of sub-item 1) of item 3 of Article 12 of these Rules, on voluntary delisting of such securities, on transfer of such securities from one category of the Official List to another, or from one market of the Official List to another (hereinafter – the application) is considered as accepted by the Exchange for consideration after the receipt by it of the last of documents (last additionally requested information) in accordance with item 2 of this chapter irrespective of the date of the receipt by the Exchange of that application as incoming correspondence (this item was changed by a decision of the Exchange's Board of Directors dated November 7, 2018).

4. The fact of the application's acceptance by the Exchange for consideration is confirmed by the stamp imprint "Accepted for consideration" with indication of the application acceptance date on this application.

5. Within the below-mentioned term the Listing Department shall consider the application with documents attached thereto and prepare the following document:

1) (at incompliance of securities and/or their issuer with requirements for application of simplified listing procedures) within five working days, following the day of the receipt by the Exchange of the application as incoming correspondence, – motivated refusal to accept the application for consideration signed by the Exchange's Management Board member supervising the Listing Department, or person substituting him;

2) (at absence of grounds for preparing a motivated refusal to accept the application for consideration; depending upon the application's character) within 10 working days following the date of accepting the application for consideration, – an opinion signed by the Exchange's Management Board member that supervises the Listing Department, and by the head of the Listing Department, or persons substituting them, or by another person (other persons) authorized by the Chairman of the Management Board for signing of such opinion ( this item was supplemented by a decision of the Exchange's Board of Directors dated November 7, 2018):

on the possibility of inclusion of securities indicated in the second, third and fifth paragraphs of sub-item 1) of item 3 of Article 12 of these Rules in the Official List of the Exchange ( this item was supplemented by a decision of the Exchange's Board of Directors dated November 7, 2018); or

on the possibility of transfer of shares from the "Standard" category to the "Premium" category of the "Main" market; or

on the possibility of transfer of securities from the "Alternative" market into the respective sector (category, whose requirements those securities meet) of the "Main" market; or

on voluntary delisting of securities

6. Consideration of the issue of the possibility of inclusion of the Exchange's securities in the Exchange's Official List, of their transfer from the "Alternative" market into the respective sector and/or category of the "Main" market, from the "Standard" category into the "Premium" category of the "Shares" sector of the "Main" market, of their voluntary delisting doesn't require a respective application from the Exchange or provision of documents specified in this appendix.

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An opinion on the possibility of inclusion of the Exchange's securities in the Exchange's Official List or their voluntary delisting is prepared based on a decision of the Exchange's body authorized for taking such a decision, by deadlines specified by the Exchange.

(This item was included by a decision of the Exchange's Board of Directors dated November 7, 2018)

Chapter 3. PROCEDURE OF TAKING A DECISION ON LISTING, DELISTING, CHANGE OF MARKET OR CATEGORY OF SECURITIES

1. The issue of possibility of inclusion of securities indicated in sub-item 1) of item 3 of Article 12 of these Rules, in the Official List, or the possibility of transfer of such securities from one category of the Official List to another, or from one market of the Official List to another, or delisting of securities within three working days from the date of preparation of the respective opinion is put up for consideration by the Exchange's Management Board (this item was changed by a decision of the Exchange's Board of Directors dated November 7, 2018).

2. The Exchange's Management Board may refuse to include securities indicated in sub-item 1) of item 3 of Article 12 of these Rules in the Official List under simplified listing procedures in case on the website of the respective foreign stock exchange information on the current financial position of the issuer of those securities (issuer of the underlying asset of those securities), on events in his operations substantially affecting interests of investors of those securities is not disclosed, as well translation of such information into Kazakh, Russian or English is absent (this item was changed by a decision of the Exchange's Board of Directors dated November 7, 2018).

3. Decisions of the Exchange's Management Board on issues of the possibility of inclusion of securities indicated in sub-item 1) of item 3 of Article 12 of these Rules in the official under simplified listing procedures, or the possibility of transfer of such securities from one category of the Official List to another, from one market of the Official List to another, or delisting of securities, on delisting of such securities without indication of personal opinions (stances) of particular members of the Exchange's Management Board on indicated issues, as well as information contained in opinions prepared by the Listing Department, are released on the Exchange's website ( this item was changed by a decision of the Exchange's Board of Directors dated November 7, 2018).

Decisions of the Exchange's Management Board are brought to knowledge of admittance initiators within three working days from the dates of taking said decisions by way of sending to admittance initiators of respective notices signed by the member of the Exchange's Management Board supervising the Listing Department, or person substituting him, or by another person authorized by the Chairman of the Exchange's Management Board for signing of such notice ( this item was supplemented by a decision of the Exchange's Board of Directors dated November 7, 2018).

4. If securities cannot be included in the Official List according to the simplified listing procedures, their admittance initiator may request the inclusion of those securities in the Exchange's Official List according to the procedure specified in Appendix 2.2 to these Rules.

Chapter 4. DELISTING OF SECURITIES

(This heading was changed by a decision of the Exchange's Board of Directors dated November 7, 2018)

1. The issue of delisting of particular securities indicated in the second, third and fifth paragraphs of sub-item 1) of item 3 of Article 12 of these Rules is put up for consideration by the Exchange's Management Board for the following reasons ( this item was changed by a decision of the Exchange's Board of Directors dated November 7, 2018):

1) submission by the admittance initiator of those securities of an application for voluntary delisting;

2) incompliance of those securities and/or their issuer with terms specified in Chapter 1 of this appendix for the use of simplified listing procedures;

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3) (if particular securities are debt securities) absence of a market-maker for those securities, if its availability is mandatory in accordance with these Rules;

4) availability of unsettled indebtedness regarding payment of the annual listing fees on particular securities as of the last working day of the month following the last day of the quarter in which the Exchange presented the invoice for payment of those fees;

5) incompliance with the requirement for opening of trading in those securities by the deadline specified in item 5 of Article 24 of these Rules (this sub-item was changed by a decision of the Exchange's Board of Directors dated May 28, 2019);

6) systematic (six and more times during twelve consecutive calendar months) non-fulfillment by these securities' admittance initiator of information disclosure requirements, provision by these securities' admittance initiator to the Exchange of unreliable, inaccurate or incomplete data specified by the legislation of the Republic of Kazakhstan, these Rules and the listing agreement (this sub-item was included by a decision of the Exchange's Board of Directors dated May 28, 2019 and changed by a decision of the Exchange's Board of Directors dated August 26, 2019).

2. Removal of securities from the Official List without drawing up any decisions of bodies and executives of the Exchange is carried out at occurrence of any of the following conditions:

1) expiration of their term;

2) their conversion into other kinds (types) of securities in accordance with the issue terms of those securities;

3) due to exchange of shares of one kind for shares of another kind;

4) early redemption.

3. Information on removal of particular securities from the Official List in accordance with item 1 of this chapter is brought to knowledge of their admittance initiator within three working days from the date of such removal.

Chapter 5. COMING INTO EFFECT OF DECISION ON LISTING, DELISTING, CHANGE OF MARKET OR CATEGORY OF SECURITIES

1. The decision on inclusion of securities in the Official List becomes effective no later than next working day after the date of provision of two copies of the listing agreement drawn up in accordance with item 2 of Article 6 of these Rules (this item was changed by a decision of the Exchange's Board of Directors dated March 19, 2019).

2. Decisions of the Exchange's Management Board on voluntary delisting of securities, transfer of securities from one market of the Official List to another, of from one category of the Official List to another, becomes effective the next working day after such decisions were made (this item was changed by a decision of the Exchange's Board of Directors dated November 7, 2018).

3. A decision on inclusion of securities of the Exchange in the Official List comes into effect from the first working day following the date of such decision, if not otherwise was stated during the making of the decision (this item was included by a decision of the Exchange's Board of Directors dated November 7, 2018).

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Appendix 2.4



Commercial bonds

Chapter 1. PROCEDURE OF INCLUSION OF SECURITIES IN SECTOR "DEBT SECURITIES" BY CATEGORY "COMMERCIAL BONDS" OF MARKETS "MAIN" AND "ALTERNATIVE" OF THE

EXCHANGE'S OFFICIAL LIST

(This heading was changed by a decision of the Exchange's Board of Directors dated October 12, 2017)

1. In order for the Exchange's Management Board to consider the issue of inclusion of securities in sector "Debt securities" by category "Commercial bonds" of the respective market of the Exchange's Official List, the issuer of those securities must provide the Exchange with an application for such inclusion (hereinafter – the inclusion), which must be accompanied by documents listed in Appendix 3.2 to these Rules, and drawn up in accordance with requirements specified in said appendix (this item was supplemented by a decision of the Exchange's Board of Directors dated October 12, 2017).

2. Within the following terms the Listing Department checks the documents attached to the application and prepares:

1) (if securities are supposed to be included in the "Main" market, at obvious incompliance of those securities and/or their issuer with requirements specified in Appendix 1.4 to these Rules, as well as at incompliance of requirements for the completeness and format of documents specified in Appendix 3.2 to these Rules) within two working days, following the day of receipt by the Exchange of the application as incoming correspondence, – a motivated refusal to accept the application for consideration signed by the Exchange's Management Board member supervising the Listing Department, or the person substituting him;

2) (if securities are supposed to be included in the "Alternative" market, at obvious incompliance of those securities and/or their issuer with requirements specified in Appendix 1.8 to these Rules, as well as at incompliance of requirements for the completeness and format of documents specified in Appendix 3.2 to these Rules) within two working days, following the day of receipt by the Exchange of the application as incoming correspondence, – a motivated refusal to accept the application for consideration signed by the Exchange's Management Board member supervising the Listing Department, or the person substituting him (this sub-item was changed by a decision of the Exchange's Board of Directors dated March 14, 2018);

3) (at absence of reasons for preparing a motivated refusal to accept the application for consideration) within five working days, following the day of receipt by the Exchange of the application as incoming correspondence, – an opinion on the possibility of inclusion of securities in the "Debt securities" sector by the category "Commercial bonds" of the respective market of the Exchange's Official List, signed by the Exchange's Management Board member supervising the Listing Department, and the head of the Listing Department, or persons substituting them, or by another person (other persons) authorized by the Chairman of the Exchange's Management Board for signing such opinion (this sub-item was supplemented by decisions of the Exchange's Board of Directors dated October 12, 2017 and November 7, 2018).

3. The issue of possibility of inclusion of securities in sector "Debt securities" by category "Commercial bonds" of the respective market of the Exchange's Official List shall be considered by the Exchange's Management Board at its next meeting provided the term specified in item 4

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of this chapter was met (this sub-item was supplemented by a decision of the Exchange's Board of Directors dated October 12, 2017).

4. The application, documents, attached to the application, and the Listing Department's opinion on the possibility of inclusion of securities in sector "Debt securities" by category "Commercial bonds" of the respective market of the Exchange's Official List must be provided for consideration to the Exchange's Management Board members not later than two working days before the date of the meeting at which this issue will be considered (this item was supplemented by a decision of the Exchange's Board of Directors dated October 12, 2017).

5. The decision of the Exchange's Management Board on the issue of possibility of inclusion of securities in the "Debt securities" sector by category "Commercial bonds" of the respective market of the Exchange's Official List is brought to knowledge of the issuer of those securities within two working days from the decision date, by way of sending to him a respective notice signed by the Exchange's Management Board member supervising the Listing Department, or the person substituting him, or by another person authorized by the Chairman of the Exchange's Management Board for signing such notice (this item was included by a decision of the Exchange's Board of Directors dated October 12, 2017 and supplemented by a decision of the Exchange's Board of Directors dated November 7, 2018).

6. The decision of the Exchange's Management Board on inclusion of securities in sector "Debt securities" by category "Commercial bonds" of the respective market of the Exchange's Official List becomes effective as of the working day, following the day of payment by the issuer of those bonds of the entry fees and annual listing fees in the amount and on terms specified in the Rules of Defining Amounts, Terms and Payment Procedure for Listing Fees (this item was supplemented by a decision of the Exchange's Board of Directors dated October 12, 2017).

Chapter 2. DELISTING OF COMMERCIAL BONDS

1. The issue of delisting of commercial bonds is put up for consideration by the Exchange's Management Board on the following grounds:

1) submission by the issuer of particular bonds of an application drawn up in free form for their voluntary delisting which must contain the reason for such exclusion.

The issuer's application for voluntary delisting of commercial bonds issued by that issuer must be accompanied by an extract from the system of registries of holders of those bonds as of the date approved by the Listing Department.

2) incompliance with the requirement for opening of trades in those bonds by the deadline specified in paragraph two of item 5 of Article 24 of these Rules (taking into account the special attribute specified in item 8 of Article 24 of these Rules).

2. At occurrence of any of the grounds stipulated in item 1 of this chapter, the Listing Department within three working days from the date of occurrence of such ground shall prepare an opinion on the possibility of delisting of commercial bonds.

An opinion on the possibility of delisting of commercial bonds is signed by the member of the Exchange's Management Board supervising the Listing Department, and head of the Listing Department, or persons substituting them, or by another person (other persons) authorized by the Chairman of the Exchange's Management Board for signing such opinion ( this item was supplemented by a decision of the Exchange's Board of Directors dated November 7, 2018).

3. A decision of the Exchange's Management Board on delisting of commercial bonds becomes effective from the first day following the day of such decision, if not otherwise stated when the decision was taken.

4. Information on delisting of commercial bonds is brought to knowledge of the issue of those bonds within two working days from the date the Exchange's Management Board took the decision on such exclusion.

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5. Exclusion of commercial bonds from the Exchange's Official List without issue of any decisions of bodies and executives of the Exchange is carried out due to the expiry of the term of those bonds from the date following the last day of their circulation.

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Appendix 2.5



Securities of international financial institutions

Chapter 1. TERMS AND CONDITIONS OF INCLUSION (GIVING CONSENT FOR INCLUSION) OF SECURITIES IN THE "SECURITIES OF INTERNATIONAL FINANCIAL INSTITUTIONS" SECTOR

OF THE EXCHANGE'S OFFICIAL LIST

(This heading was supplemented by a decision of the Exchange's Board of Directors dated March 14, 2018).

The Exchange's Management Board takes a decision on inclusion (giving consent for inclusion) of particular securities (supposed to be) issued by an international financial institution (hereinafter – the IFI) or by a special enterprise under a guarantee of an IFI, in the Exchange's Official List, provided ( this item was supplemented by a decision of the Exchange's Board of Directors dated March 14, 2018):

1) this IFI was included in the list indicated in Appendix 5.1 to these Rules (this sub-item was changed by a decision of the Exchange's Board of Directors dated October 12, 2017);

2) accounting of securities of that title is carried out by the Central Securities Depository or will be carried out by the Central Securities Depository after their inclusion in the Official List (this sub-item was changed by decisions of the Exchange's Board of Directors dated June 8, 2017 and October 12, 2017).

3) (this sub-item was removed by a decision of the Exchange's Board of Directors dated June 8, 2017).

Chapter 2. DOCUMENTS PROVIDED FOR INCLUSION (FOR GIVING CONSENT FOR INCLUSION) OF SECURITIES IN THE "SECURITIES OF INTERNATIONAL

FINANCIAL INSTITUTIONS" SECTOR


1. In order for the Exchange's Management Board to consider the issue of inclusion (giving consent for inclusion) of particular securities (supposed to be) issued by an IFI or by a special enterprise under a guarantee of an IFI, in the Exchange's Official List, the admittance initiator for those securities must provide to the Exchange the following documents (taking into account particulars specified in items 2–4 of this chapter) ( this item was supplemented by a decision of the Exchange's Board of Directors dated March 14, 2018):

1) the application of this admittance initiator compliant with requirements specified in item 2 of this chapter;

2) a letter of the Central Depository confirming the fact of accounting of these securities by the Central Depository or the readiness of the Central Depository to carry out accounting of these securities after their inclusion in the Official List (with the exception specified in item 3 of this chapter) (this sub-item was changed by decisions of the Exchange's Board of Directors dated June 8, 2017 and October 12, 2017).

3) the questionnaire of the Exchange's client regarding issues of organizing the countering of illegal revenues legalization (laundering) and terrorism financing, as well as documents confirming the reliability of details given in the questionnaire (taking into account terms specified in paragraph two of item 3-1 of this chapter) (this sub-item was removed by a

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decision of the Exchange's Board of Directors dated June 8, 2017 and included by a decision of the Exchange's Board of Directors dated October 12, 2017 and changed by decision of the Exchange's Board of Directors dated November 7, 2018 and March 19, 2019);

4) a document (e.g., card) with samples of signatures of the CEO and/or his deputies, and/or persons, authorized to interact with the Exchange. The authenticity of the signature samples in that document must be attested in accordance with applicable laws or by internal documents of the admittance initiator (this sub-item was included by a decision of the Exchange's Board of Directors dated November 7, 2018 and changed by a decision of the Exchange's Board of Directors dated May 27, 2020);

5) a copy of the document confirming the existence of an IFI guarantee, if it is planned to include securities issued (planned for issue) by a special enterprise under the guarantee of an IFI (this sub-item was included by a decision of the Exchange's Board of Directors dated May 27, 2020).

2. An application for inclusion (giving consent to inclusion) of particular securities issued by an IFI or by a special enterprise under a guarantee of an IFI, in the Exchange's Official List is drawn up in free form and must comply with the following requirements (taking into account particulars specified in item 2-1 of this chapter) ( this item was supplemented by decisions of the Exchange's Board of Directors dated March 14, 2018 and November 7, 2018):

1) it must contain details of those securities, in particular:

type of securities;

International Securities Identification Number (ISIN) of the securities (this item was changed by a decision of the Exchange's Board of Directors dated November 7, 2018);

beginning date and end date of the securities' circulation term;

rate (amount) of interest on the securities;

dates (temporary conditions) of payment of interest on the securities, as well as payment of the face value of the securities upon their expiry;

the total volume of the securities issuance ( this item was included by a decision of the Exchange's Board of Directors dated November 7, 2018);

the face value ( this item was included by a decision of the Exchange's Board of Directors dated November 7, 2018);

(this sub-item was changed by a decision of the Exchange's Board of Directors dated October 12, 2017);

2) it must be signed by a person with the right of the first signature on behalf of the admittance initiator for those securities in accordance with the document (e.g. a card) with sample signatures (whose authenticity was attested by a notary public) presented to the Exchange (this sub-item was changed by a decision of the Exchange's Board of Directors dated November 7, 2018).

2-1. The application for giving consent to inclusion of particular securities in the Exchange's Official List features planned parameters of securities being issued, like maturity, volume at face value, interest rate.

At issuance of securities whose face value is indexed at a particular indicator, or whose floating interest rate changes upon a change of a particular indicator, the application indicates the procedure in accordance with which the admittance initiator shall provide the Exchange with information on changes of such indicators, and accordingly, of issue parameters of those securities.

(This item was included by a decision of the Exchange's Board of Directors dated November 7, 2018).

3. In case of issue of securities by an IFI, or by a special enterprise under a guarantee of an IFI in accordance with laws of the Republic of Kazakhstan, as well as if the IFI securities' accounting is carried out (will be carried out after their issue) in international depositaries Clearstream Banking AG, Frankfurt and/or Euroclear Bank SA/NV, the letter of the Central Depository indicated in the

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sub-item 2) of the item 1 of this chapter, is not required (this item was changed by a decision of the Exchange's Board of Directors dated October 12, 2017 and supplemented by a decision of the Exchange's Board of Directors dated March 14, 2018):

3-1. The questionnaire of the Exchange's client regarding issues of organizing the countering of illegal revenues legalization (laundering) and terrorism financing, indicated in sub-item 3) of item 1 of this chapter is filled in according to a in accordance with explanations which (forms and explanations) are available on the Exchange's website in the sub-section "Listing" of the section "Rules".

If the admittance initiator of securities issued by an IFI or a special enterprise under an IFI guarantee, is represented by a member of the Exchange, the questionnaire and documents specified in sub-item 3) of item 1 of this chapter are not required, provided the questionnaire and documents provided by this member of the Exchange are drawn up duly and are up-to-date as of the date of consideration of the issue of inclusion (of giving consent to inclusion) of particular securities (supposed to be) issued by an IFI or a special enterprise under an IFI guarantee.

(This item was changed by a decision of the Exchange's Board of Directors dated March 19, 2019).

4. In order for the Exchange's Management Board to duly prepare a decision on inclusion (giving consent for inclusion) of particular securities issued by an IFI or by a special enterprise under a guarantee of an IFI, in the Exchange's Official List, their admittance initiator should provide to the Exchange (apart from documents mentioned in item 1 of this chapter) a copy of the issue prospectus of those securities or another related document similar in its purpose to a securities issue prospectus (this item was changed by a decision of the Exchange's Board of Directors dated March 14, 2018).

Chapter 3. PROCEDURE OF CONSIDERATION OF APPLICATIONS FOR INCLUSION (FOR GIVING CONSENT TO INCLUSION) OF SECURITIES IN THE "SECURITIES OF INTERNATIONAL

FINANCIAL INSTITUTIONS" SECTOR


1. An application for inclusion (giving consent for inclusion) of particular securities issued by an IFI or by a special enterprise under a guarantee of an IFI, in the Exchange's Official List is considered by the Exchange within five working days after the receipt of the last of the documents indicated in item 1 of Chapter 2 of this appendix. By the expiry of the indicated term, the Exchange's Management Board shall take a decision on inclusion (giving consent for inclusion) of those securities in the Exchange's Official List, or the Exchange shall send to those securities' admittance initiator a letter with motivated refusal of such inclusion (giving consent for inclusion) (this item was supplemented by a decision of the Exchange's Board of Directors dated March 14, 2018).

2. The Exchange shall refuse inclusion (giving consent for inclusion) of particular securities issued by an IFI or by a special enterprise under a guarantee of an IFI, in the Exchange's Official List in case of incompliance with any of the terms and requirements specified in Chapters 1 and 2 of this appendix (this item was supplemented by a decision of the Exchange's Board of Directors dated March 14, 2018).

3. A decision on inclusion of particular securities issued by an IFI or by a special enterprise under an IFI guarantee, in the Official List, comes into effect from the first working day following the day of such decision, if not otherwise was stated when taking that decision.

A decision on giving consent for inclusion of particular securities issued by an IFI or by a special enterprise under an IFI guarantee, in the Official List, comes into effect from the first working day following the day of provision by the admittance initiator of the letter containing information on final parameters of those securities indicated in sub-item 1) of item 2 of Chapter 2 of this appendix. The admittance initiator is also recommended to provide the Exchange with a copy of the final edition of the issue prospectus of those securities or other document similar in its purpose to the issue prospectus of those securities.

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(This item was included by a decision of the Exchange's Board of Directors dated November 7, 2018).

Chapter 4. PROCEDURE OF EXCLUSION OF IFI SECURITIES OR SECURITIES ISSUED BY A SPECIAL ENTERPRISE UNDER A GUARANTEE OF IFI

FROM THE OFFICIAL LIST

(This heading was changed by a decision of the Exchange's Board of Directors dated March 14, 2018).

1. Particular securities issued by an IFI or a special enterprise under an IFI guarantee, and included in the Exchange's Official List whose maturity expired are excluded from the Exchange's Official List without its Management Board taking any decision, by way of adjusting the trading system settings respectively (this item was changed by a decision of the Exchange's Board of Directors dated March 14, 2018).

2. (This item was removed by a decision of the Exchange's Board of Directors dated June 8, 2017).

3. A decision of the Exchange's Management Board on delisting of particular securities issued by an IFI or a special enterprise under an IFI guarantee, becomes effective from the first working day following the day of such decision if not otherwise specified when it was taken (this item was supplemented by a decision of the Exchange's Board of Directors dated March 14, 2018).

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Appendix 2.6



Government securities

Section 1. REPUBLICAN SECURITIES

Chapter 1. INCLUSION OF REPUBLICAN SECURITIES IN THE EXCHANGE'S OFFICIAL LIST

(This chapter was changed by a decision of the Exchange's Board of Directors dated August 26, 2019)

1. A reason for inclusion of particular republican securities in the Official List is as follows ( this item was changed by a decision of the Exchange's Board of Directors dated November 7, 2018):

1) if those securities were issued by the Ministry of Finance of the Republic of Kazakhstan under the laws of the Republic of Kazakhstan – a letter of the Ministry of Finance of the Republic of Kazakhstan or a "stock market" member of the Exchange on offering of those securities, containing details of those securities (including details of their international identification number) (this sub-item was changed and supplemented by a decision of the Exchange's Board of Directors dated November 7, 2018);

2) if those securities were issued by the Ministry of Finance of the Republic of Kazakhstan under the laws of a country other than the Republic of Kazakhstan:

a letter of the Ministry of Finance of the Republic of Kazakhstan or a member of Exchange by category "stock market", on offering parameters of those securities. Such letter, apart from details of parameters of offering of those particular republican securities, must contain details of their international identification number (this sub-item was changed by a decision of the Exchange's Board of Directors dated March 19, 2019);

a letter of the Central Depository that the accounting of securities is carried out by the Central Depository or will be carried out by it after their inclusion in the Official List (with the exception specified in item 1-1 of this chapter) ( this item was changed by a decision of the Exchange's Board of Directors dated October 12, 2017);

3) if those securities were issued by the National Bank of the Republic of Kazakhstan (depending on which of notices was received by the Exchange first):

a notice from the National Bank of the Republic of Kazakhstan on results of its offering of those republican securities containing details of those securities (including details of their international identification number) ( this item was changed by a decision of the Exchange's Board of Directors dated November 7, 2018); or

a notice from the Central Depository on acceptance into service of those republican securities, containing details of those securities (including details of their international identification number) ( this item was changed by a decision of the Exchange's Board of Directors dated November 7, 2018).

1-1. In case of issue of republican securities in accordance with laws of the Republic of Kazakhstan, as well as if the republican securities' accounting is carried out (will be carried out after their issue) in international depositories Clearstream Banking AG, Frankfurt and/or Euroclear Bank SA/NV, the letter of the Central Depository indicated in paragraph three of sub-item 2) of item 1 of this chapter, is not required (this item was included by a decision of the Exchange's Board of Directors of October 12, 2017).

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2. The Exchange's Management Board takes a decision on inclusion of particular republican securities in the Official List beginning from the working day following the day of receipt by the Exchange of:

1) if particular securities were issued by the Ministry of Finance of the Republic of Kazakhstan in accordance with the laws of the Republic of Kazakhstan – any of the letters indicated in sub-item 1) of item 1 of this chapter (this sub-item was changed by a decision of the Exchange's Board of Directors dated November 7, 2018);

2) if particular securities were issued by the Ministry of Finance of Republic of Kazakhstan in accordance with the laws of a country other than the Republic of Kazakhstan – the last one of the letters mentioned in sub-item 2) of item 1 of this chapter;

3) if particular securities were issued by the National Bank of Republic of Kazakhstan – the first one of the notices indicated in sub-item 3) of item 1 of this chapter.

3. Letters and notices indicated in item 1 of this chapter, can be received by the Exchange via any means of communication, including fax or e-mail.

Chapter 2. SUSPENSION OF TRADING IN REPUBLICAN SECURITIES

The Exchange's Management Board takes a decision on suspension of trades in particular republican securities issued by the Ministry of Finance of Republic of Kazakhstan or the National Bank of Republic of Kazakhstan, based only on the request from the issuer of those republican securities of such suspension and for the term indicated in such request.

Chapter 3. EXCLUSION OF REPUBLICAN SECURITIES FROM THE OFFICIAL LIST

1. Particular republican securities issued by the Ministry of Finance of Republic of Kazakhstan or the National Bank of Republic of Kazakhstan, whose term expired, are excluded from the Exchange's Official List without its Management Board taking any decision, by way of adjusting the trading system settings respectively.

2. The Exchange's Management Board takes a decision on exclusion of particular republican securities issued by the Ministry of Finance of Republic of Kazakhstan or the National Bank of Republic of Kazakhstan, whose term has not expired yet, based only on the request from the issuer of those republican securities of such exclusion.

Section 2. MUNICIPAL SECURITIES

Chapter 1. INCLUSION OF MUNICIPAL SECURITIES IN THE OFFICIAL LIST

1. A member of Exchange of the category "stock market" may act as an initiator of admittance of municipal securities, apart from the local executive body itself that issued those securities.

2. The Exchange's Management Board takes a decision on inclusion of particular municipal securities in the Official List, provided those securities comply with requirements of Appendix 1.12 to these Rules (this item was changed by decisions of the Exchange's Board of Directors of October 12, 2017 and March 14, 2018).

3. In order for the Exchange's Management Board to consider the issue of inclusion of particular municipal securities in the Official List, the admittance initiator for those securities must provide to the Exchange the following documents (with the exception specified in item 4 of this chapter):

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1) an application of that admittance initiator compliant with requirements specified in item 5 of this article;

2) document approved under the laws of the Republic of Kazakhstan that specifies the procedure of issue, circulation and redemption of those securities;

3) (this sub-item was removed by a decision of the Exchange's Board of Directors of October 12, 2017);

4) (this sub-item was changed by a decision of the Exchange's Board of Directors of October 12, 2017 and removed by a decision of the Exchange's Board of Directors of May 27, 2020);

5) the questionnaire of the Exchange's client regarding issues of organizing the countering of illegal revenues legalization (laundering) and terrorism financing, as well as documents confirming the authenticity of details indicated in the questionnaire

Provision of the questionnaire and documents indicated in this sub-item is not required, if the questionnaire and documents earlier provided by this admittance initiator were duly prepared and are up-to-date as of the date of consideration of the issue of inclusion of securities in the Exchange's Official List (taking into account terms specified in item 5-1 of this chapter).

(This item was changed by a decision of the Exchange's Board of Directors of March 19, 2019).

4. (This item was changed by a decision of the Exchange's Board of Directors of March 14, 2018 and removed by a decision of the Exchange's Board of Directors dated May 27, 2020).

5. An application for inclusion of particular municipal securities in the Official List is drawn up in deliberate form and must comply with the following requirements:

1) it must contain details of those securities allowing the Exchange to identify them unambiguously;

2) it must be signed by a person having the right of the first signature on behalf of the admittance initiator for those securities in accordance with the document (e.g. a card) presented to the Exchange, with sample signatures (whose authenticity was attested by a notary public) (this sub-item was changed by a decision of the Exchange's Board of Directors of November 7, 2018).

5-1. The questionnaire of the Exchange's client regarding issues of organizing the countering of illegal revenues legalization, mentioned in sub-item 5) of item 3 of this chapter is filled in according to one of the forms in accordance with clarifications which (forms and clarifications) are available.

If the initiator of admittance of municipal securities is a member of the Exchange, the questionnaire mentioned in sub-item 5) of item 3 of this chapter is not required.

(This item was included by a decision of the Exchange's Board of Directors of October 12, 2017 and changed by a decision of the Exchange's Board of Directors dated March 19, 2019).

6. An application for inclusion of particular municipal securities in the Official List is considered by the Exchange's Management Board within five working days after the receipt of the last one of the documents indicated in item 3 of this chapter. By the expiration of said term the Exchange's Management Board shall take a decision on inclusion of particular securities in the Official List or the Exchange shall send a letter with motivated refusal of such inclusion to the securities' admittance initiator.

7. The Exchange shall refuse an inclusion of particular securities in the Official List in case of incompliance with any of the conditions and requirements specified in items 1–5 of this chapter.

Chapter 2. SUSPENSION OF TRADING IN MUNICIPAL SECURITIES

In case of absence of a market-maker for particular securities of a local executive body included in the Official List, the Exchange's Management Board may take a decision on suspension of trading in those securities.

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Chapter 3. EXCLUSION OF MUNICIPAL SECURITIES FROM OFFICIAL LIST

1. Particular securities of a local executive body included in the Official List, whose term has expired, are excluded from the Exchange's Official List without its Management Board taking any decision, by way of adjusting the trading system settings respectively.

2. The Exchange's Management Board may take a decision on exclusion from the Exchange's Official List of particular securities issued by local executive bodies, in case:

1) (this sub-item was removed by a decision of the Exchange's Board of Directors dated May 27, 2020);

2) the local executive body issuing those securities has declared default on those securities, on payment of interest for the next coupon period except for the last coupon period (this sub-item was changed by a decision of the Exchange's Board of Directors of November 7, 2018).

Chapter 4. OBLIGATION OF THE ADMITTANCE INITIATOR OF MUNICIPAL SECURITIES

During the entire time of quotation of municipal securities in the Exchange's Official List the admittance initiator must provide the Exchange with information on payment of interest on those securities, also containing the following details:

1) not later than one working day before the payout start date – on the impossibility of payout of interest on securities for the period for which that interest is due, with indication of reasons due to which payout cannot be made;

2) within three working days after the payout end date – the amount of interest payable, the interest actually paid to holders of securities, the period for which that interest was paid, the record date.

Section 3. FOREIGN GOVERNMENT SECURITIES

Chapter 1. INCLUSION OF FOREIGN GOVERNMENT SECURITIES IN THE OFFICIAL LIST

1. Only a member of Exchange of category "stock market' may act as the admittance imitator for foreign government securities.

2. The Exchange's Management Board takes a decision on inclusion of particular foreign government securities in the Official List, provided:

1) those securities have an international identification number (ISIN);

2) accounting of those securities is carried out by the Central Depository or will be carried out by the Central Depository after their inclusion in the official list;


4) the country – the issuer of those securities6 has a sovereign long-term credit rating in

foreign currency not lower than "В-" (according to Standard & Poor's and Fitch Ratings) or "В3" (according to Moody's Investors Service) (this sub-item was changed by a decision of the Exchange's Board of Directors dated March 14, 2018);

6 Hereinafter the country – the issuer of foreign government securities means the country, whose government

acts as the borrower with regard to the loan documented with those securities, or the country under whose laws those securities were classified as government securities (the numbering of this footnote was changed by decisions of the Exchange's Board of Directors dated October 12, 2017, March 14, 2018 and May 27, 2020).

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5) with regard to those securities there are no laws or other possible bans or restrictions impeding their free circulation on the regulated securities market of the Republic of Kazakhstan.

3. In order for the Exchange's Management Board to consider the issue of inclusion of particular foreign government securities in the Official List, the admittance initiator for those securities must provide to the Exchange the following documents (with the exception specified in items 4–6 of this chapter):

1) the application of this admittance initiator compliant with requirements specified in item 4 of this chapter;

2) a letter of the Central Depository confirming the fact of accounting of these securities by the Central Depository or the readiness of the Central Depository to account for these securities after their inclusion in the Official List (with the exception specified in item 5 of this chapter) (this sub-item was changed by a decision of the Exchange's Board of Directors dated October 12, 2017);


4) a copy of the document confirming the state – the issuer of those securities has a sovereign long-term credit rating in foreign currency not lower than "В-" (according to Standard & Poor's and Fitch Ratings) or "В3" (according to Moody's Investors Service).

4. An application for inclusion of particular foreign government securities in the Official List is drawn up in free form and must comply with the following requirements:

1) it must contain details of those securities, including: the type of these securities;

international securities identification number (ISIN) of these particular securities;

the start date and end date of circulation of these securities;

the interest rate (interest amount) on these particular securities;

dates (time conditions) of payment of interest on these particular securities, as well as payments of the face value of these particular securities upon their maturity;

(this sub-item was changed by a decision of the Exchange's Board of Directors dated October 12, 2017);

2) (this sub-item was removed by a decision of the Exchange's Board of Directors dated October 12, 2017);

3) it must contain the assurance from those securities' admittance initiator about absence of legal and other possible bans or restrictions impeding free circulation of those securities on the regulated securities market of the Republic of Kazakhstan;

4) it must be signed by a person with the right of the first signature on behalf of the admittance initiator for those securities in accordance with the document (e.g. a card) presented to the Exchange, with sample signatures (whose authenticity was attested by a notary public) (this item was changed by a decision of the Exchange's Board of Directors of November 7, 2018).

5. In cases when securities' accounting is carried out (will be carried out after their issue) in international depositories Clearstream Banking AG, Frankfurt and/or Euroclear Bank SA/NV, the letter of the Central Depository indicated in sub-item 2) of item 3 of this chapter, is not required (this item was changed by a decision of the Exchange's Board of Directors dated October 12, 2017).

6. In order for the Exchange's Management Board to duly prepare a decision on inclusion of particular foreign government securities in the Official List, their admittance initiator should provide to the Exchange (apart from documents mentioned in item 3 of this chapter) a copy of the issue prospectus of those securities or another related document similar in its purpose to a securities issue prospectus.

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7. An application for inclusion of particular foreign government securities issued in the Official List is considered by the Exchange within five working days after the receipt of the last of the documents indicated in item 3 of Chapter 2 of this appendix. By the expiry of the indicated term, the Exchange's Management Board shall take a decision on inclusion of those securities in the Exchange's Official List, or the Exchange shall send to those securities' admittance initiator a letter with motivated refusal of such inclusion.

8. The Exchange refuses inclusion of particular foreign government securities in the Official List in case of incompliance with any of the terms and requirements specified in items 1–5 of this chapter.

9. At checking particular foreign government securities supposed to be included in the Official List, for compliance with terms specified in item 2 of this chapter, the Exchange shall use all available information (also information of authorities available to the Exchange), but will not be responsible for incompliance with those conditions if failed to detect, or for any consequences caused by that incompliance.

10. For purposes of defining the compliance of foreign government securities with the condition specified in sub-item 4) of item 3 of this chapter, the Exchange shall take account only of ratings which were assigned (affirmed, changed) within the last twelve months. In doing so, if several ratings from several rating agencies are available, the Exchange shall take into account on the rating which was assigned (affirmed, changed) later than the others.

Chapter 2. EXCLUSION OF FOREIGN GOVERNMENT SECURITIES FROM THE OFFICIAL LIST

1. Particular foreign government securities included in the Official List, whose term expired, are excluded from the Exchange's Official List without its Management Board taking any decision, by way of adjusting the trading system settings respectively.

2. The Exchange's Management Board may take a decision on delisting of particular foreign government securities, in case:


2) the country that issued those securities, has declared default on those securities;

3) the long-term credit rating in foreign currency of the country that issued those securities, was downgraded below the level indicated in sub-item 4) of item 3 of Chapter 1 of this section.

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Appendix 2.7.

to Listing Rules

(This appendix is included by the decision of the Board of Directors of the Exchange of January 20, 2020)


Securities of the issuer, which buys non-business mortgage loans of individuals and whose one hundred percent shares belong to

the National Bank of the Republic of Kazakhstan

Chapter 1. PROCEDURE FOR CONSIDERATION OF LISTING AND VOLUNTARY DELISTING APPLICATIONS

1. The application of the admittance initiator on including the securities of the issuer, which buys non-business mortgage loans of individuals and whose one hundred percent of shares belong to the National Bank of Kazakhstan (for the purpose of this Appendix hereinafter, – the Issuer), to the Official List should contain information (surname, name, position held, phone number, email address) about an employee (s) of admittance initiator and/or financial adviser, who will interact with the Exchange on matters related to relevant procedures.

2. The documents in accordance with Appendix 3.1 to these Rules must be attached to the application for including Issuer's securities in the Official List. (taking into account the peculiarity specified in items 3-5 of this Chapter).

3. If the application on including the Issuer's securities in the Exchange’s Official List is submitted for the first time or there are no securities of the Issuer in the Official List at the time of filing this application a listing contract (in two copies) issued in accordance with paragraph 2 of Article 6 of the current Rules must be submitted to the Exchange in addition to the documents specified in paragraph 2 of this Chapter.

The deadline for submission of a listing contract to the Exchange by the admittance initiator is set in paragraph 3 of Article 6 of these Rules.

4. The list of documents to be provided to the Exchange from those listed in Appendix 3.1 to these Rules together with the application for including the Issuer's securities to the Exchange’s Official List, whose securities are already officially listed on the Exchange, is agreed with the Listing Department on a case-by-case basis, based on the period elapsed from the date of the last consideration of an application for including any securities of the Issuer in the Official List. At the request of the admittance initiator, this list can be confirmed by an official letter of the Exchange signed by a member of the Management Board of the Exchange, which oversees Listing Department or the head of the Listing Department or the persons substituting them.

5. The documents (information) necessary and sufficient to consider this issue and to take relevant decision should be provided to the Exchange together with the application for voluntary delisting of securities.

6. An application for including securities in the Exchange’s Official List or on voluntary delisting of securities (hereinafter in this Appendix, the application) is considered accepted by the Exchange for consideration after it receives the last document (most recent additionally requested information) in accordance with item 2, 4 and 5 of this Chapter regardless of the date when the Exchange had received that application as an incoming correspondence.

7. The fact that the Exchange accepted the application for consideration is confirmed by the stamp "Accepted for Consideration" specifying the date when the Exchange accepted the application for consideration.

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8. During the following period, the Listing Department reviews the application with the documents attached to it and prepares the following document:

1) substantiated refusal to accept the application for consideration signed by a member of the Exchange's Management Board, who oversees Listing Department or by the person substituting him/her if it is evident that the securities and/or their Issuer do not comply with requirements for completeness of document arising from paragraph 2 of this Charter) within five business days following the day of receipt of the application by the Exchange as an incoming correspondence.;

2) opinion on voluntary delisting of securities signed by the member of the Exchange's Management Board, who oversees Listing Department, and the head of the Listing Department or persons substituting them or by other person (s) authorized by the Chairman of the Exchange’s Management Board to sign such opinion within 10 business days following the date of acceptance of the application for consideration if there no grounds for preparing a substantiated refusal to accept an application for consideration;

3) opinion on possible listing of securities in the Exchange’s Official List signed by the member of the Exchange's Management Board, who oversees Listing Department and the head of the Listing Department or persons substituting them or by other person (s) authorized by the Chairman of the Exchange’s Management Board to sign such opinion within 20 business days following the date of acceptance of the application for consideration if there no grounds for preparing a substantiated refusal to accept an application for consideration.

9. The possibility of including the securities that were previously delisted on the grounds specified in subparagraph 3) of paragraph 1 of Chapter 3 of this Appendix in the Official List may be re-examined only after the reasons that caused the delisting of the securities were addressed.

10. During consideration of the documents provided by the admittance initiator together with an application and during preparation of an opinion, Listing Department may request additional information from the admittance initiator required for the Management Board to make a justified decision by sending an official request to the admittance initiator, signed by the member of the Exchange's Management Board, supervising the Listing Department or by the head of Listing Department or by persons substituting them. In this case, the consideration of these documents and the preparation of the opinion are suspended and resume after the requested information is provided in full (given the peculiarities set by the second paragraph of this item) (this paragraph was changed by a decision of the Exchange's Board of Directors dated February 26, 2020).

The suspension of the application due to the Listing Department's request for information that is not relevant to checking the compliance with the listing requirements is allowed only once, unless otherwise agreed with the admittance initiator.

If there is a significant disagreement between the Listing Department and the admittance initiator relating to disclosures that are not relevant to the check for compliance with listing requirements, the Listing Department has the right to bring up the issue of suspending preparation of the Listing Department’s opinion for consideration of the Exchange’s Management Board until required information is made available. The decision of the Exchange’s Management Board to suspend preparation of the Listing Department's opinion is communicated to the admittance initiator within three business days of the date of the decision by sending relevant notice signed by the member of the Exchange’s Management Board, who oversees Listing Department or the person substituting him/her.

11. The suspension of the application based on the letter of the admittance initiator is allowed for a maximum of six months. At the end of this period and in the absence of any letter from this initiator at the Exchange’s disposal on resuming the consideration of the application, the consideration of this application will be terminated.

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Chapter 2. TRANSFER OF SECURITIES FROM ONE CATEGORY OF THE OFFICIAL LIST TO ANOTHER, FROM ONE MARKET OF THE OFFICIAL LIST TO ANOTHER

1. The possibility of the transfer does not require admittance initiator’s application on such a transfer and is considered at the Exchange’s initiative:

1) from the Main market to the Alternative market due to the failure of these securities and/or their issuer to comply with any criteria and/or requirements set for presence of securities at the Main market;

2) from the Alternative market to the Main market due to the compliance of these securities and/or their issuer with the criteria and/or requirements set for presence of securities at the Main market.

2. The transfer of the Issuer's securities to the Buffer category or the transfer of securities from the Buffer category to another category of Debt Securities sector of the Main or Alternative markets of the Official List or their delisting after the expiration date established by the regulatory legal act of the Authorized Body for the presence of these securities in this category of relevant market is considered in accordance with the terms and features as well as within the timeframe defined by the regulatory legal act of the Authorized Body.

3. Listing Department prepares an opinion on the possibility of transferring securities within 10 business days from the date when the Exchange has received information (documents) necessary and sufficient to prepare the opinion:

1) from the Main market to the relevant sector (to the relevant sector and category) of the Alternative market;

2) from the Alternative market to the relevant sector and category of the Main market;

3) in the Buffer category of Debt Securities sector of relevant market;

4) from the Buffer category to another category of the Debt Securities sector of the Main or Alternative market.

Chapter 3. SECURITIES DELISTING

1. The issue of delisting of any of securities of the Issuer is submitted to the Management Board on the following grounds:

1) The initiator of the admittance of these securities filed an application for voluntary delisting (given the peculiarities established by paragraph 4 of this Chapter);

2) occurrence of any events established by a regulatory legal act of the Authorized Body as a basis for delisting of securities;

3) non-compliance of these securities and/or their Issuer with requirements established by the Regulatory Legal Act of the Authorized Body or these Rules, including in the absence of a market-maker for debt securities for one month, if its availability under these Rules is mandatory;

4) Issuer’s announcement of its forced or voluntary restructuring, which would result in loss of its legal status or changing its legal form, or will infringe on the rights of holders of securities issued by the Issuer or to the deterioration of its financial position and ability to meet its obligations;

5) consistent failure (six or more times during twelve consecutive calendar months) of the admittance initiator of these securities to comply with disclosure requirements, submission of false, inaccurate or incomplete information by the admittance initiator of these securities to the Exchange established by the laws of the Republic of Kazakhstan, these Rules and a listing agreement;

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6) availability of outstanding annual listing fee on these securities as of the last working day of the calendar month following the last day of the quarter in which the Exchange issued an invoice for payment of this fee;

7) voluntary or forced liquidation of the Issuer of these securities;

8) failure to comply with the requirement to open trading in these securities by the deadline set in item 1 of Article 24 of the Rules.

2. If the Exchange receives the information, which could be used to consider delisting of securities, not from the admittance of their admittance, the Exchange must seek confirmation or refutation of the information received from the admittance of these securities. The Exchange sets a deadline for responding to the confirmation request but it may not exceed 30 calendar days.

Based on the information received prior to the official clarification by the admittance initiator, trading in this Issuer’s securities may be suspended by the decision of the Exchange’s Management Board followed by the approval of the period of suspension of trades by the Exchange’s Board of Directors. The period of suspension approved by the Board of Directors of the Exchange should not be less than the period of time that has elapsed from the date of the suspension of trading until the approval of this period by the Board of Directors of the Exchange.

If the information in the first paragraph of this item is confirmed, the issue of securities delisting is brought to the Management Board meeting, and if the information is refuted, the Exchange’s Board of Directors meeting considers resumption of trading in this Issuer’s securities.

3. Should any of the grounds envisaged in item 1 of this Chapter arise, Listing Department prepares an opinion on possible delisting of the securities within 10 business days from the date when the Exchange receives information (documents) necessary and sufficient to prepare such opinion.

When considering delisting of securities the Management Board (in cases when, in the Management Board’s opinion, such delisting significantly affects the rights and interests of investors at the securities market and/or professional participants of the securities market) has the right to decide that such decision comes into effect after a certain period of time, which should not exceed six months from the date of the decision.

4. The issue of voluntary delisting of any securities can be brought to the attention of the Management Board only if there is no outstanding annual listing fee on these securities.

When considering voluntary delisting of any securities the Management Board (in the cases when, in the Management Board’s opinion, such delisting significantly affects the rights and interests of investors at the securities market and/or professional participants of the securities market) has the right to decide that its decision on the delisting of these securities comes into effect after a certain period of time, which should not exceed six months from the date of the decision.

5. The removal of securities from the Official List without any decisions of the bodies and officials of the Exchange is made when any of the following conditions arise:

1) the securities have matured;;

2) conversion of securities into other types of securities in accordance with the terms of issue of these securities;

3) exchange of shares of one type for another type of shares;

4) cancellation of securities;

5) early redemption;

6) state registration of the issue of these securities is recognized null and void based on a court decision.

6. Information about removal of any securities from the Official List is communicated to the admittance initiator of the securities in accordance with item 1 of this Chapter within three business days of the date of such removal.

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Chapter 4. DECISION-MAKING PROCEDURE ON LISTING, DELISTING, CHANGE OF MARKET OR CATEGORY FOR SECURITIES

1. The issue of including securities in the Official List of the Exchange or of transferring securities from one category of the Official List to another, or from one market of the Official List to another, or delisting of securities is brought to the consideration of the next possible meeting of the Management Board once the Listing Department prepares relevant opinion.

2. When considering whether to include securities in the Official List, or whether securities can be transferred from one category of the Official List of the Exchange to another, or from one market of the Official List to another, or whether to delist the securities, the Management Board has the right:

1) to postpone consideration of the issue until the events determined by the Management Board take place, until certain conditions determined by the Management Board are met, or based on the grounds which, in the Management Board’s opinion formed during the discussion of the issue, do not allow considering it at the current meeting;

2) to instruct the Listing Department to examine this issue further in accordance with the Management Board's decision made after the review of the issue.

3. The decisions of the Management Board on the possibility of including securities in the Official List, on the possibility of transferring securities from one category of the Official List to another or from one market of the Official List to another, on delisting without specifying personal opinions (positions) of individual members of the Management Board on these issues, as well as the information contained in the opinions prepared by the Listing Department are published on the Exchange's website.

The Management Board's decisions on these issues are communicated to the admittance initiators within three business days from the dates of these decisions by sending relevant notices signed by a member of the Exchange’s Management Board, who oversees Listing Department or by the person substituting him/her or by another person authorized by the Chairman of the Management Board of the Exchange to sign such notice to the admittance initiators.

Chapter 5. ENTRY OF THE DECISION ON LISTING, DELISTING, CHANGE OF MARKET OR CATEGORY FOR SECURITIES INTO EFFECT

1. The decision to include securities on the Official List will take effect no later than the next business day from the date when the last of the following conditions is met:

1) two copies of the listing contract made in accordance with item 6 of Article 6 of these Rules are submitted;

2) entrance fee and first annual listing fees for these securities have been paid.

2. The decisions of the Management Board to delist securities, transfer securities from one market of the Official List to another or from one category of the Official List to another take effect on the following day after the decisions were made, unless otherwise is established when these decisions were made.

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Appendix 3.1


L I S T

of documents subject to provision for consideration of an application

for inclusion of securities (except for commercial bonds) in the Exchange's Official List

(This heading has been changed following a decision of the Exchange's Board of Directors dated November 7, 2018)

Item No.

Document Requirements for documents being presented Notes

А 1 2 3

1. Document on state (re)registration of the securities issuer

Said document is provided as original or notarized copy, and the document which was effected on the territory of a country other than the Republic of Kazakhstan, must also be apostilled or legalized.

In case of provision of an electronic document no notary public's attesting is required, if there is possibility of checking the document's authenticity through the website of the authority that issued that electronic document

(the text of this cell was changed by decisions of the Exchange's Board of Directors dated October 12, 2017 and March 19, 2019)

In accordance with the applicable laws

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Item No.


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2. Questionnaire of the Exchange's client regarding issues of organizing the countering of illegal revenues legalization (laundering) and terrorism financing

Documents confirming the authenticity of details given in the questionnaire must be provided as originals or notarized copies, and documents effected on the territory of a country other than the Republic of Kazakhstan, must also be apostilled or legalized (the text of this cell was included by a decision of the Exchange's Board of Directors dated March 19, 2019)

Filled in according to one of forms in accordance with clarifications which (forms and clarifications) are available on the Exchange's website, in sub-section "Listing" of section "Rules" and is provided by the admittance initiator who is the issuer of those securities (the text of this cell was changed by a decision of the Exchange's Board of Directors dated March 19, 2019)

3. The current edition of the charter of the securities issuer and all amendments thereto registered in accordance with the applicable laws

Copies of mentioned documents must be:

1) bound, numbered, notarized, and copies of documents prepared in the territory of a country other than the Republic of Kazakhstan must also be apostilled or legalized;

2) provided in electronic form in .pdf format and must be scanned copies of hard copies of those documents

(the text of this cell was changed by decisions of the Exchange's Board of Directors dated November 7, 2018 and March 19, 2019)

4. Document confirming assignment to those securities' issuer of a business identification number

A copy of said document must be notarized.

In case of provision of the electronic document, no notarization is required, if the authenticity of the document can be checked via other available sources (the text of this cell was changed by a decision of the Exchange's Board of Directors dated March 19, 2019)

If assignment of a business identification number and issue of said document are mandatory in accordance with the applicable laws of the country where this issuer was incorporated

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Item No.


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5. Valid licenses held by the securities' issuer Copies of licenses for execution of brokerage and dealing activities on the securities market and for carrying out of banking transactions in the national and foreign currencies must be attested by a notary public.

The authenticity of other licenses is attested by the signature of the person authorized to interact with the Exchange.

(the text of this cell was changed by decisions of the Exchange's Board of Directors dated October 12, 2017 and November 7, 2018)

If the issuer's activities are subject licensing in accordance with the applicable laws of the country where this issuer was incorporated

6. Valid subsoil use contracts and/or other documents of the issuer of those securities confirming the issuer's right to carry out subsoil use operations, if its activities involve such operations

Copies of said documents must be bound, numbered, signed by the person authorized to interact with the Exchange (the text of this cell was changed by a decision of the Exchange's Board of Directors dated November 7, 2018)

If the issuer of those securities is a subsoil user

(This line was removed following a decision of the Exchange's Board of Directors dated August 26, 2019)


9. Certificate of state registration of the securities issue

A copy of said document must be:

1) signed by the person authorized to interact with the Exchange (this sub-item was changed by a decision of the Exchange's Board of Directors dated November 7, 2018);

2) provided in electronic form in .pdf format and must be a scanned copy of the hard copy of that document.

If the securities issuer is a legal entity incorporated in a country other than the Republic of Kazakhstan, it is allowed to provide a copy of other document, similar in its purpose to said document, if such registration is mandatory under the applicable laws

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Item No.


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10. Securities issue prospectus registered by the Authorized Body


1) bound, numbered, signed by the person authorized to interact with the Exchange (this sub-item was changed by a decision of the Exchange's Board of Directors dated November 7, 2018);


If said document was compiled in languages other than Kazakh or Russian, it must be accompanied by a translation of the document into Kazakh and/or Russian (languages), certified either by a notary public or the issuer, or the admittance initiator, including in form of a scanned copy of the hard copy of the document's translation in .pdf format

If the securities issuer is a legal entity incorporated in a country other than the Republic of Kazakhstan, it is allowed to provide a copy of the issue of prospectus of those securities registered under the applicable laws, or other document, similar in its purpose to said prospectus, if drawing up of such prospectus (document) is mandatory under the applicable laws

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Item No.


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11. Bond program issue prospectus registered by the Authorized Body





If the securities issuer is a legal entity incorporated in a country other than the Republic of Kazakhstan, it is allowed to provide a copy of the issue of prospectus of those securities registered under the applicable laws, or other document, similar in its purpose to said prospectus, if drawing up of such prospectus (document) is mandatory under the applicable laws

12. A document confirming assignment to the securities of an ISIN and containing details of the number assigned, date of assignment, name and location of the organization – member of the Association of national numbering agencies that assigned said number




For an issuer – legal entity registered under laws of a country other than the Republic of Kazakhstan. (the text of this cell was included by a decision of the Exchange's Board of Directors dated May 28, 2019)

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Item No.


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13. A confirmation of assignment to the securities of a CFI (the text of this cell was changed by a decision of the Exchange's Board of Directors dated May 28, 2019)

In any format available to the admittance initiator (the text of this cell was changed by a decision of the Exchange's Board of Directors dated May 28, 2019)

The document confirming assignment of a CFI code to bonds supposed to be issued under the laws of a country other than the Republic of Kazakhstan, must be provided before the date of opening of trading in those bonds

On securities issued under laws of the Republic of Kazakhstan or securities being accounted for by the Central Securities Depository, the Exchange receives via the information channel between the Exchange and Central Depository.

A confirmation of assignment of a CFI to bonds or depositary receipts supposed to be issued under laws of a country other than the Republic of Kazakhstan, must be provided before the date of opening of trading in those securities (the text of this cell was changed by a decision of the Exchange's Board of Directors dated May 28, 2019)

14. The certificate of state registration of the issue of shares of the issuer being a joint-stock company, and bonds or Islamic securities issued by that issuer are included in the Official List



2) provided in electronic form in .pdf format and must be a scanned copy of the hard copy of that document

If the securities issuer is a legal entity incorporated in a country other than the Republic of Kazakhstan, it is allowed to provide instead of a copy of the certificate of state registration of an issue of shares of that issuer, a copy of other document, similar in its purpose to said certificate, if such registration is mandatory under the laws of the country of incorporation of that issuer as a legal entity

14-1.

Confirmation of assignment of the Legal Entity Identifier (LEI)

In any format available to the admittance initiator

If the securities' issuer possesses it (the text of this cell was changed by a decision of the Exchange's Board of Directors dated March 19, 2019)

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Item No.


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(This line was changed included by a decision of the Exchange's Board of Directors dated November 7, 2018)

15. The issue prospectus of shares of the issuer being a joint-stock company, registered by the Authorized Body, and bonds or Islamic securities issued by that issuer are included in the Official List



2) provided in electronic form in .pdf format and must be a scanned copy of the hard copy of that document


If the securities issuer is a legal entity incorporated in a country other than the Republic of Kazakhstan, it is allowed to provide to the Exchange instead of a copy of the issue prospectus of shares of that issuer, registered by the Authorized Body, a copy of the issue prospectus of that issuer, registered under the laws of the state of incorporation of that issuer as a legal entity, or other document similar in its purpose to said prospectus, if drawing up of such prospectus (document) is mandatory under the laws of the country of incorporation of that issuer as a legal entity

16. Investment memorandum.

If the securities issuer is a legal entity incorporated in a country other than the Republic of Kazakhstan, it is allowed to provide other document (copy of other document), similar in its purpose to said memorandum, if only the securities issue prospectus registered under the applicable laws, or other document, similar in its purpose to said prospectus, is not an investment memorandum regarding its contents

Requirements for the contents of the investment memorandum or other document similar in its purpose, are specified in Appendix 5.2 to these Rules.

Said document must be:



For purposes of considering an application for the Exchange's consent on inclusion of bonds or depositary receipts supposed to be issued under the laws of a country other than the Republic of Kazakhstan, as well as on inclusion in the Official List of shares, at the same time with which depositary receipts with those shares as underlying asset, are undergoing the listing procedure on a foreign stock exchange, the admittance initiator shall provide a draft of such document which differs from the final edition of that document only by the absence of details of issue parameters of those bonds or depositary receipts ( this item was supplemented by a decision of the Exchange's Board of Directors

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Item No.


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If said document was compiled in languages other than Kazakh or Russian, it should be accompanied by a translation of the document into Kazakh and/or Russian (languages), certified either by a notary public or the issuer, or the admittance initiator, including in form of a scanned copy of the hard copy of the document's translation in .pdf format

dated May 28, 2019).

A copy of the final edition of such document on bonds or depositary receipts supposed to be issued under the laws of countries other than the Republic of Kazakhstan and on depositary receipts must be provided to the Exchange within five working days following the date of registration of that document in accordance with the laws of the country in whose jurisdiction those bonds or depositary receipts are issued. A translation of that document into Russian must be presented to the Exchange within 10 working days following the date of provision of a copy of the final edition of that document ( this item was supplemented by a decision of the Exchange's Board of Directors dated May 28, 2019)

Provision of said document is not mandatory, if the investment memorandum of the issuer or other document, similar in its purpose to said memorandum, was provided earlier under the listing of any other securities and contains information ( this item was supplemented by a decision of the Exchange's Board of Directors dated August 26, 2019):

1) from audited annual financial statements of the issuer or consolidated annual financial statements of the issuer at availability of subsidiaries for the period specified in line 17 of Appendix 3.1 to these Rules (this sub-item was removed by a decision of the Exchange's Board of Directors dated February 26, 2020);

2) from interim financial statements of the issuer or consolidated interim financial statements of

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Item No.


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the issuer at availability of subsidiaries, prepared as of the date for no longer than six months preceding the date of submission of the application for inclusion of those securities in the Exchange's official list" (this sub-item was removed by a decision of the Exchange's Board of Directors dated February 26, 2020).

17. Annual financial statements (if subsidiaries are available – consolidated annual financial statements) of the issuer (the originator of Islamic securities), confirmed by auditor's reports, accounting policy of the issuer

Said financial statements must comply with requirements of Appendix 5.3 to these Rules, auditor's reports – with requirements of Appendix 5.4 to these Rules.

Copies of said documents must be:


2) provided in electronic form in .pdf format and must be scanned copies of the hard copy of those documents.

If said documents were compiled in languages other than Kazakh or Russian, they must be accompanied by translations of the documents into Kazakh and/or Russian (languages), certified either by a notary public or the issuer, or the admittance initiator, including in form of a scanned copy of the hard copy of the documents' translation in .pdf format

An issuer whose lifetime was calculated taking into account the lifetime of the organization(s), whose reorganization led to the founding of that issuer, or taking into account the lifetime of the issuer's subsidiary in which that issuer holds shares (stakes) in the number of not less than 70 % of the total number of its issued shares (of the paid-in capital), as well as an issuer which complies with criteria indicated in item 3 of article 9-1 hereof, may provide the mentioned financial statements of such organizations for periods preceding the date or reorganization or registration of that issuer as a legal entity (this item was included by a decision of the Exchange's Board of Directors dated March 14, 2018 and supplemented by a decision of the Exchange's Board of Directors dated February 26, 2020).

For the "Main" market

Said financial statements for the last three completed financial years must be provided.

Said financial statements for three completed financial years, preceding the last completed financial year may be provided, if the application for inclusion of those securities in the Official List was submitted within the first four months

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Item No.


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from the end date of the last completed financial year.

For the "Alternative" market and the "Securities of investment funds" sector of the "Mixed" market

Said financial statements for the last completed financial year or for the actual lifetime must be provided.

Said financial statements for the completed financial year, preceding the last completed financial year may be provided, if the application for inclusion of those securities in the Official List was submitted within the first four months from the end date of the last completed financial year.

For the "Islamic securities" of the "Mixed" market

Said financial statements of the originator for two last completed financial years, those of the issuer – for the last completed financial year or for the actual lifetime must be provided.

Said financial statements of the originator for two completed financial years, preceding the last completed financial year may be provided, if the application for inclusion of those securities in the Official List was submitted within the first four months from the end date of the last completed financial year.

Said financial statements of the issuer for the completed financial year, preceding the last

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Item No.


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completed financial year may be provided, if the application for inclusion of those securities in the Official List was submitted within the first four months from the end date of the last completed financial year.


18. Interim financial statements (if subsidiaries are available – consolidated interim financial statements) of the issuer for the reporting period, preceding the date of submission of the application for those securities in the Official List and agreed with the Listing Department, accounting policy of the issuer of those securities, if the accounting policy changed during that period

Said financial statements must comply with requirements of Appendix 5.3 to these Rules.





If interim financial statements of the issuer or consolidated financial statements, in case of availability of subsidiaries, for the reporting period, preceding the date of application for inclusion of its securities in the Exchange's Official List, is not ready, it is allowed to provide those reports of the issuer for the last but one reporting period preceding the date of said application ( this item was included by a decision of the Exchange's Board of Directors dated August 26, 2019).

19. Interim financial statements (if there are subsidiaries – consolidated interim financial statements) of the issuer, an auditor's report on those financial statements, or a report of an auditing firm on review of said financial statements

Said financial statements must comply with requirements of Appendix 5.3 to these Rules, auditor's reports – with requirements of Appendix 5.4 to these Rules.


For the "Main" market

Provision is obligatory, if more than six months passed from the date of compilation of annual financial statements of the issuer for the last completed financial year, confirmed by an auditor's report ( this item was changed by a

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Item No.


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decision of the Exchange's Board of Directors dated March 14, 2018).

No more than six months must pass from the date of compilation of said statements of the issuer to the date of the application for inclusion of securities in the Exchange's official list.

For the "Alternative" market and the "Securities of investment funds" sector of the "Mixed" market

Provision is obligatory, if an application for inclusion of those securities in the Official List was submitted within the first four months from the end date of the last completed financial year and the issuer has no annual financial statements for the last completed financial year, confirmed by and auditor's report.

No more than six months must pass from the date of compilation of said statements of the issuer, on which an auditor's report or a report of an auditing firm on review of those interim financial statements, to the date of the application for inclusion of securities in the Exchange's official list.

For the "Islamic securities" sector of the "Mixed" market

Provision of said financial statements of the originator is obligatory, if more than six months passed from the date of compilation of the last financial statements of the originator confirmed by an auditor's report to the date of the application for inclusion of securities in the

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Exchange's official list.

Provision of said financial statements of the issuer is obligatory, if an application for inclusion of securities in the Official List was submitted within the first four months from the end date of the last completed financial year and the issuer has no annual financial statements for the last completed financial year, confirmed by and auditor's report.

No more than six months must pass from the date of compilation of interim financial statements of the originator and/or issuer, on which an auditor's report or a report of an auditing firm on review of interim financial statements, to the date of the application for inclusion of securities in the Exchange's official list


20. (This line was removed by a decision of the Exchange's Board of Directors dated October 12, 2017)

21. Minutes of meetings (sessions) of the issuer's supreme body or the decision of its sole shareholder (partner) over the last 12 calendar months




If said documents were compiled in languages other than Kazakh or Russian, they must be accompanied by translations of the documents into Kazakh and/or Russian (languages),

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certified either by a notary public or the issuer, or the admittance initiator, including in form of a scanned copy of the hard copy of the documents' translation in .pdf format

22. Information on significant corporate events of the issuer for the last 12 calendar months.

For the purpose of obtaining a preliminary opinion on securities that are planned to be included in the "Debt Securities" sector of the respective market, it is additionally necessary to provide the minutes of the meeting of the issuer's Board of Directors (the supervisory board of the issuer created in a form other than a joint-stock company) or extract from said minutes during which the decision was made to issue bonds

(The text of this cell was changed by a decision of the Exchange's Board of Directors dated May 27, 2020)

This information should contain information on corporate events of the issuer that affected the interests of holders of its securities, from among those specified in item 5 of Article 102 of the Act on the securities market.

Said documents must be:

1) provided in hard copy and must be bound, numbered, signed by the person authorized to interact with the Exchange;



(The text of this cell was changed by decisions of the Exchange's Board of Directors dated November 7, 2018 and May 27, 2020)

23. Corporate governance code approved by the general meeting of the issuer's shareholders


1) bound, numbered, signed by the person authorized to interact with the Exchange (this sub-item was changed by a decision of the Exchange's Board of Directors dated November

For issuer – joint-stock company.

If the securities issuer is a legal entity incorporated in a country other than the Republic of Kazakhstan, instead of a copy of the corporate governance approved by the

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7, 2018);


If said document was compiled in languages other than Kazakh or Russian, it must be accompanied by a translation of that document into Kazakh and/or Russian (languages), certified either by a notary public or the issuer, or the admittance initiator, including in form of a scanned copy of the hard copy of the document's translation in .pdf format

general meeting of shareholders of that issuer, the Exchange can be provided with a copy of the corporate governance code approved in accordance with the laws of the country of incorporation of that issuer as a legal entity, or other document, similar in its purpose to said code, if the availability of such code (document) is mandatory under the laws of the country of incorporation of that issuer as a legal entity

24. Methodology of defining the value of shares at their buyback by the issuer on the over-the-counter securities market, approved by the general meeting of shareholders of the securities issuer (this cell's text was c hanged by a decision of the Exchange's Board of Directors dated February 26, 2020)





If the issuer is a legal entity incorporated in a country other than the Republic of Kazakhstan, it is allowed to provide a copy of the methodology of defining the value of securities at their buyback by the issuer in the over-the-counter securities market, approved in accordance with the laws of the country of incorporation of that issuer as a legal entity, or a document confirming the optionality of such methodology under the laws of the country of incorporation of that issuer as a legal entity (this cell's text was changed by a decision of the Exchange's Board of Directors dated February 26, 2020)

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25. Document (e.g., card) with signature samples (whose authenticity was attested by a notary public) of the CEO and his deputies, chief accountant and his deputies, persons authorized to interact with the Exchange, and seal impression of the initiator of admittance of those securities, as well as, if the admittance initiator is not their issuer, document (e.g. card) with signature samples (whose authenticity was attested by a notary public) of the CEO and his deputies, chief accountant and his deputies, persons authorized to interact with the Exchange, and seal impression of the securities issuer

If the applicable laws do not stipulate the availability of that document and/or notarized signature samples in that one or other document similar in its purpose, then the authenticity of signature samples in that one or other document similar in its purpose must be attested in accordance with the current laws or internal documents of such issuer

26. Details of the registrar that maintains the system of registries of securities holders, with indication of its full name, legal and actual address, details of its state registration and availability of the license for carrying out activities on maintain the securities holders registries

Must be bound, numbered, signed by the person authorized to interact with the Exchange (this sub-item was changed by a decision of the Exchange's Board of Directors dated November 7, 2018).

If said documents were compiled in languages other than Kazakh or Russian, they must be accompanied by translations of the documents into Kazakh and/or Russian (languages), certified either by a notary public or the issuer, or the admittance initiator

If the securities issuer is a legal entity incorporated in a country other than the Republic of Kazakhstan.

It is allowed to indicate whether said register has a license to carry out similar activities, if such activity is subject to licensing under the applicable laws.

27. Copy of the agreement concluded between the securities issuer and registrar that carries out maintenance of registries of holders of those securities, or a document (copy of a document) prepared by that registrar and confirming conclusion of such agreement

Must be bound, numbered, signed by the person authorized to interact with the Exchange (this sub-item was changed by a decision of the Exchange's Board of Directors dated November 7, 2018).

If said document was compiled in languages other than Kazakh or Russian, it must be accompanied by a translation of that document into Kazakh and/or Russian (languages),

If conclusion of such an agreement is mandatory under the applicable laws

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certified either by a notary public or the issuer, or the admittance initiator

28. Details of securities and their holders, as of the date, agreed upon with the Listing Department

Must comply with item 3 of the Additional requirements of this appendix for documents being provided

If securities are shares

29. Document approved by the general meeting of shareholders of that issuer defining that issuer's dividend policy





If securities are shares and their issuer has submitted an application for inclusion of those shares in the Official List by category "Premium" of "Shares" sector or the issue of transfer of those shares into said category is supposed to be considered

30. Details of securities, as of the date, agreed upon with the Listing Department

Must comply with item 4 of the Additional requirements of this appendix for documents being provided

If securities are units

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31. Corporate events calendar for the current year If the securities issuer is a legal entity – resident of the Republic of Kazakhstan, 50 or more % of whose total outstanding shares or paid shareholder capital belong to the government, the National Bank of Republic of Kazakhstan, a national holding, or a national managing holding, for a different period agreed upon with the Listing Department

32. Application from one of members of the Exchange for performance of duties of a market-maker for securities

Except for cases when a market-maker is not required

33. A decision of the securities issuer's Board of Directors on the last offering price

If the securities are shares

34. (This line was excluded by a decision of the Exchange's Board of Directors dated March 14, 2018)

35. A letter of the Central Depository confirming the accounting of those securities (the possibility of accounting of those securities after their listing) in its accounting system

Except cases of issue of securities under the laws of the Republic of Kazakhstan, as well as if securities' accounting is carried out (will be carried out after their issue) in international depositories Clearstream Banking AG, Frankfurt and/or Euroclear Bank SA/NV




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38. Documents necessary for carrying out a check in compliance with e laws of the Republic of Kazakhstan on issues regarding arrangement of the countering the legalization (laundering) of illegal revenues and financing of terrorism

Must be provided as originals or notarized copies, and documents effected on the territory of a country other than the Republic of Kazakhstan, must also be apostilled or legalized, if the Exchange cannot check the document's authenticity through other available sources (the text of this cell was included by a decision of the Exchange's Board of Directors dated March 19, 2019)

(This line was included by a decision of the Exchange's Board of Directors dated October 12, 2017)

39. A copy of the document confirming the availability of a guarantee on bonds issued by the issuer


1) bound, numbered, signed by the person authorized to interact with the Exchange;



If securities are bonds issued under a guarantee of a legal entity or under a guarantee of the government of the Republic of Kazakhstan or other state, or bonds issued by a special purpose vehicle

(This line was included by a decision of the Exchange's Board of Directors dated February 26, 2020)

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40. A copy of the document confirming the availability of collateral on bonds on which fulfillment of the issuer's obligations is fully or partially secured by pledge of the issuer's assets





If the securities are bonds on which fulfillment of the issuer's obligations is fully or partially secured by pledge of the issuer's assets


41. Details about the initial indicative price which can be represented by the price, which, in the admittance initiator, is fair as of the date of trades beginning

If the securities are shares or units


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42. Rules of unit investment trust, as well as all changes and additions thereto, approved by the Authorized Body





If the securities are units


43. Rules of internal control of the issuer over administration and disposal of insider information






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44. A copy of a document confirming the availability of the issuer's rating (ratings) according to classification of rating agencies Standard & Poor's and/or "Fitch" and/or "Moody's Investors Service

In any format available to the admittance initiator

If available


Additional requirements for documents being provided

1. For purposes of consideration of the application for inclusion of Islamic securities in the Official List, apart from documents of these securities' issuer, listed in the table of this appendix, shall provide documents of the originator, listed in lines 1, 3, 5, 17, 19 and 25 of this table, as well as a copy of the agreement concluded between the issuer of Islamic securities and originator, defining the terms of fulfillment by the originator of obligations specified by the laws of the Republic of Kazakhstan and issue prospectus of Islamic securities.

2. For purposes of consideration of the application for inclusion of securities of a joint-stock investment fund and real estate fund in the Official List, apart from documents of these securities' issuer, listed in the table of this appendix, shall provide documents of the originator, listed in lines 1 and 5 of this table.

3. Details, indicated in line 28 of the table of this appendix must be confirmed in accordance with the rules of the registrar and/or signed by the CEO of the admittance initiator, or by the person substituting him, and must include the following details ( this item was changed by a decision of the Exchange's Board of Directors dated November 7, 2018):

1) number of authorized (including ordinary and preferred) shares of the issuer;

2) number of outstanding (including ordinary and preferred) shares of the issuer;

3) number of burdened and/or blocked outstanding (including ordinary and preferred) shares of the issuer;

4) number of the issuer's shares (including ordinary and preferred ones), bought back or received as a result of default on obligations, which were secured by the issuer's shares, he took as security;

5) details of persons every one of whom holds five or more percent of the total number of the issuer's outstanding shares (with regard to legal persons – names and location; with regard to individuals – surnames, names and, if available, patronymics, addresses), also of persons, whose holdings of the issuer's shares are in nominal holding (except persons, whose details were not provided to the issuer's registrar by nominal holders of his shares in response to the registrar's request);

6) number of the issuer's shares (including ordinary and preferred ones), which belong to each of persons, indicated in sub-item 5) of this item, with indication of the number of burdened and/or blocked shares and with earmarking of shares accepted as security by the issuer;

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7) number of the issuer's shares (including ordinary and preferred ones), being in nominal holding, details of whose owners were not provided to the issuer's registrar by nominal holders of his shares in response to the registrar's request.

4. Details indicated in line 30 of the table of this appendix, in accordance with the rules of that registrar and/or signed by the CEO of the admittance initiator, or the person substituting him, and must include the following details ( this item was changed by a decision of the Exchange's Board of Directors dated November 7, 2018):

1) number of securities issued;

2) number of securities outstanding;

3) number of securities bought back by the issuer;

4) number of burdened and/or blocked outstanding securities;

5) number of securities holders.

5. The admittance initiator is responsible for the identity of data contained in electronic versions of said documents and in their originals or copies which were provided in hard copy.

6. The documents mentioned in this appendix, are not required if required documents were earlier provided by the listed company as part of disclosure of information in accordance with Appendix 4.1 to these Rules (this item was included following a decision of the Exchange's Board of Directors dated August 26, 2019).

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Appendix 3.2


R E Q U I R E M E N T S

for documents subject to presentation for consideration of the application

for inclusion of securities in the "Commercial bonds"

category of the "Debt securities" sector of the Exchange's Official List

(This heading was supplemented by a decision of the Exchange's Board of Directors dated October 12, 2017)

Item No.

Document title Requirements for documents being provided

А 1 2

1. Application for inclusion of securities in sector "Debt securities" by category "Commercial bonds" of the official list

(the text of this cell was supplemented by a decision of the Exchange's Board of Directors dated October 12, 2017)

According to form of Appendix 5.6 to these Rules

2. Issue prospectus of bonds with maturity of no longer than 12 (twelve) months (the text of this cell was changed by a decision of the Exchange's Board of Directors dated May 28, 2019)

Copy of said prospectus must be signed by the person authorized to interact with the Exchange on behalf of the issuer of commercial bonds (the text of this cell was changed by decisions of the Exchange's Board of Directors dated November 7, 2018 and May 28, 2019)

3. Certificate of state registration the commercial bonds issue

Copy of said document must be signed by the person authorized to interact with the Exchange on behalf of the issuer of commercial bonds (the text of this cell was changed by a decision of the Exchange's Board of Directors dated November 7, 2018)

4. (This line was excluded by a decision of the Exchange's Board of Directors dated May 28, 2019)

5. Document certifying assignment of CFI code to commercial bonds (the text of this cell was changed by a decision of the Exchange's Board of Directors dated May 28, 2019)

Original or copy. Copy of must be signed by the person authorized to interact with the Exchange on behalf of the issuer of commercial bonds (the text of this cell was changed by a decision of the Exchange's Board of Directors dated November 7, 2018)

the Exchange receives via the information channel between the Exchange and Central Depository (the text of this cell was changed by a decision of the Exchange's Board of Directors dated May 28, 2019)

6. (This line was excluded by a decision of the Exchange's Board of Directors dated November 7, 2018)

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Appendix 4.1


L I S T

of documents subject to presentation to the Exchange with securities quoted in the Official List

which were included in said list using the full listing procedures

Table 1. Periodical reports provided by the admittance initiator by deadlines and according to terms specified in the listing agreement

Item No.

Document title Notes

А 1 2

1. Annual financial statements of the securities issuer for each completed financial year

In accordance with the listing agreement and Appendix 5.3 to these Rules

2. Auditor's report on annual financial statements of the securities issuer for each completed financial year


3. Interim financial statements of the issuer for each completed quarter of the current financial year


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Table 2. Periodical statements provided by deadlines specified in this appendix

Item No.

Document title Deadlines for provision Notes

А 1 2 3

1. Annual report of the issuer Annually within 30 calendar days following the deadline specified in the listing agreement for provision of the auditor's report on annual financial statements of a listed company

Must be prepared in compliance with requirements of Appendix 5.8 to these Rules.

If securities of a listed company are admitted to circulation on a stock exchange which also requires provision of the annual report, the annual report of that listed company is provided to the Exchange by the admittance initiator in accordance with Article 21 of the Listing Rules.

Is not liable for provision by admittance initiators of securities listed in the "Alternative" market of the official list


3. Information on shares and shareholders of the listed company – joint-stock company

Quarterly, within the first 10 working days upon expiry of each calendar quarter (including the fourth quarter)

Said details must be generated based on the list of shareholders of that listed company compiled as at 00 hours 00 minutes of the first day of the first month following said quarter, and must be compliant with item 3 of the Additional requirements for documents being provided of Appendix 3.1 to these Rules.

If the registrar maintaining the system of registries of securities holders is a legal entity incorporated under the laws of a country other than the Republic of Kazakhstan, those details, upon agreement with the Monitoring department, may be provided to the Exchange in another volume and with another periodicity (depending on the procedure of operation of such registrar), signed by the person authorized to interact with the Exchange ( this item was changed by decisions of the Exchange's Board of Directors dated March 14, 2018 and November 7, 2018)

4. Details of debt securities or units Quarterly, within the first 10 working days Said details must be generated based on the list of

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upon expiry of each calendar quarter (including the fourth quarter)

holders of bonds or units of that listed company compiled as at 00 hours 00 minutes of the first day of the first month following said quarter, and must be compliant with item 4 of the Additional requirements for documents being provided of Appendix 3.1 to these Rules.

If the registrar maintaining the system of registries of securities holders is a legal entity incorporated under the laws of a country other than the Republic of Kazakhstan, those details, upon agreement with the Monitoring department, may be provided to the Exchange in another volume and with another periodicity (depending on the procedure of operation of such registrar), signed by the person authorized to interact with the Exchange ( this item was changed by decisions of the Exchange's Board of Directors dated March 14, 2018 and November 7, 2018)

5. Corporate events calendar of the listed company for the new calendar year

Annually within the first five working days upon expiry of each calendar year

If the listed company is a legal entity, 50 or more percent of the total number of whose outstanding shares or paid shareholder capital belong to the government, the National Bank of Republic of Kazakhstan, a national holding or a national managing holding, it shall provide its corporate events calendar for the first half-year by the deadline specified in paragraph one of this item, and an updated calendar for the full current year – within five working days, following the last day of the first half-year of that year.

Is not liable for provision by admittance initiators of securities listed in the "Alternative" market of the Official List

6. Details of affiliated persons of the listed company as of the first day of the month following the last expired calendar quarter

Quarterly, but not later than the last calendar day of the first month following the last expired calendar quarter

Details must be provided to the Exchange according to the form specified by the Authorized Body for joint-stock companies for purposes of posting the lists of their affiliated persons on the website of the financial reporting

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depository.

Doesn't apply to a listed company, if the laws of the country of its incorporation do not provide for requirements for mandatory disclosure of such information or its disclosure is not permitted.

7. Details of implementation of measures stipulated by the action plan

Quarterly, within the first 10 working days upon expiry of each calendar quarter or with other periodicity set by the Listing Commission at acceptance of the action plan, as well as upon the official request from the Exchange

During the entire period of quotation of debt securities in category "Buffer"

8. (This line was excluded by a decision of the Exchange's Board of Directors dated January 29, 2019)

9. Information on the total remuneration of members of the executive body based on the annual results

Annually, not later than August 31 of the year following the year under review ( this item was changed by a decision of the Exchange's Board of Directors dated January 29, 2019)

For a listed company – a joint-stock company.

Information on the total remuneration of members of the executive body must contain details of the total amount of all payments effected by the listed company in favor of members of the executive body in the period under review, including details of the total amount of all salaries and all types of monetary bonuses ( this item was changed by a decision of the Exchange's Board of Directors dated January 29, 2019)


(This table was changed by decisions of the Exchange's Board of Directors dated October 12, 2017, March 14, 2018 and January 29, 2019)

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Table 3. Disclosure of information on current activities of listed companies

Item No.


А 1 2 3

1. Notice of the date, time and place of the general meeting of shareholders (partners) of the listed company, of the meeting agenda

Within the timeframe specified in the applicable laws for notifying shareholders (partners) of the listed company of calling their general meeting

If applicable laws admit conducting of the general meeting of shareholders (partners) on the day of the decision on its convening, such notice is provided to the Exchange not later than the first working day following the day of conducting such meeting

2. Notice of changes and/or additions to the agenda of the general meeting of shareholders (partners) of the listed company

Within the timeframe specified in the applicable laws for notifying shareholders (partners) of the listed company of changes and/or additions to the agenda of the general meeting of shareholders

3. Notice of circumstance according to which preferred shares of the listed company began to give their holders the right to participate in the management of that listed company. In case said rule is provided not to all holders of preferred shares of that listed company, details of persons provided with such right, of the number of preferred shares providing said right must be sent simultaneously to the Exchange

Within three days from occurrence of such circumstances

With regard to the listed company – joint-stock company

4. Copy of the minutes of the meeting of the listed company's supreme body

Upon readiness, but not later than 15 working days after that meeting's date

If information on decision taken by the supreme body is disseminated before presenting the minutes' copy to the Exchange, such information must be provided to the Exchange not later than its release in mass media (with the exception specified in paragraph two of this item).

If the listed company is a legal entity, 50 or more % of whose total outstanding shares or paid shareholder capital belong to the government, the National Bank of Republic of Kazakhstan, a national holding, or a national managing holding, a copy of the minutes mentioned in paragraph one of this item, is provided to the Exchange upon readiness, but not later than 30 calendar days from

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the date of such meeting

5. Copy of changes and/or additions to the corporate governance code (other document, similar in its purpose to the corporate governance code) or approval of that updated code (document)

Not later than 10 working days from the day of approval of changes and/or additions of approval of that updated code (document)

With regard to the listed company – joint-stock company (this item was changed by a decision of the Exchange's Board of Directors dated January 29, 2019)

6. Copy of changes and/or additions to the document defining the dividend policy of the listed company, or copy of that updated document

Not later than 10 working days from the day of approval of changes and/or additions or approval of the updated document

If these securities are shares quoted in category "Premium" of the official list

6-1. Copy of changes and/or additions to the methodology of defining the value of securities at their buyback by the issuer on the over-the-counter securities market approved by the general meeting of shareholders of the securities issuer, or a copy of the new edition of this document approved by the general meeting of shareholders of the securities issuer

Not later than 10 working days from the day of approval of changes and/or additions or approval of the updated document

(the text of this cell was removed following a decision of the Exchange's Board of Directors dated February 26, 2020)

(This line was included by a decision of the Exchange's Board of Directors dated March 14, 2018)

7. Information on the change of the legal and/or actual address of the listed company, its branches and representative offices

Not later than five working days after the change date

8. Information on changes in activities of the listed company itself, its branches and subsidiaries; on expansion (reduction) of production capacities, the field of activities of the listed company; on change in goods produced by the listed company, jobs fulfilled and/or services rendered

Before release of such information

9. Information on changes in the structure of current subsoil use contracts of the issuer of

Within 10 working days following the day of

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those securities and/or other documents confirming the right of that issuer to carry out subsoil use activities (discontinuation or signing of any new contracts and/or documents confirming the right of that issuer to carry out subsoil use operations), if its activities are related to such operations

any of the listed events

10. Updated document (e.g., card) with signature samples (notarized) of the CEO and his deputies, chief accountant and his deputies, persons, authorized to interact with the Exchange, also, if the admittance initiator of those securities is not their issuer, a document (e.g., card) with signature samples (notarized) of the CEO and his deputies, chief accountant and his deputies, persons, authorized to interact with the Exchange (the text of this cell was changed by a decision of the Exchange's Board of Directors dated November 7, 2018)

No later than ten working days from the date of discontinuation of authorities of any of the persons, samples of whose signatures were included in that document (the text of this cell was supplemented by a decision of the Exchange's Board of Directors dated October 12, 2017 and changed by decisions of the Exchange's Board of Directors dated November 7, 2018 and August 26, 2019)

If applicable laws do not stipulate such document and/or notarization of the authenticity of signature samples in such document or document similar in its purpose must be certified in accordance with applicable laws or internal documents of that listed company

11. Updated corporate events calendar at taking of decisions (defining of event dates), indicated in lines 1, 7–9 of this table, in Table 4 of this appendix, in line 4 of Table 5 of this appendix and in lines 1-8 of Table 6 of this appendix ( this item was changed by a decision of the Exchange's Board of Directors dated January 29, 2019)

Monthly within the first five working days upon expiry of each calendar month

(the text of this cell was supplemented by a decision of the Exchange's Board of Directors dated October 12, 2017)

Is not liable for provision by admittance initiators of securities listed in the "Alternative" market of the Official List

12. (This line was excluded by a decision of the Exchange's Board of Directors dated November 7, 2018)

13. (This line was excluded by a decision of the Exchange's Board of Directors dated January 29, 2019)

14. A copy of changes and/or additions to the Rules of internal control of the issuer over administration and use of insider information or

No later than 10 business days from the day of approval of changes and/or additions or approval of this updated document

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Item No.


А 1 2 3

a copy of these updated rules


(This table was changed by decisions of the Exchange's Board of Directors dated October 12, 2017, March 14, 2018 and January 29, 2019)

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Table 4. Documents and information on corporate events subject to provision within 10 business days from the date of occurrence of the event

(This table was amended by decisions of the Exchange's Board of Directors dated January 29, 2019 and March 19, 2019)

Item No.

Document title

Date of occurrence Notes

А 1 2

1. Document confirming the state (re)registration of the listed company (the text of this cell was changed by a decision of the Exchange's Board of Directors dated March 19, 2019)

Date of receipt by the listed company of the certificate the state reregistration of the listed company

According to applicable laws

Provided as original or notarized copy, and the document which was effected on the territory of a country other than the Republic of Kazakhstan, must also be apostilled or legalized.

In case of provision of an electronic document no notary public's attesting is required, if there is possibility of checking the document's authenticity through the website of the authority that issued that electronic document (the text of this cell was changed by a decision of the Exchange's Board of Directors dated March 19, 2019)

2. Copy of registered changes and/or additions to the charter of the listed company subject to state registration

Date of receipt by the listed company of the registered changes and/or additions to the charter

Provided in form of notarized copies, and the documents which were effected on the territory of a country other than the Republic of Kazakhstan, must also be apostilled or legalized (the text of this cell was changed by a decision of the Exchange's Board of Directors dated March 19, 2019)

3. Copy of registered changes and/or additions to the charter of the listed company not subject to state registration, approved by the supreme body of the listed company

Date of approval by the supreme body of the listed company of the registered changes and/or additions to the charter

4. Copy of the registered updated charter of the listed Date of receipt by the listed company of the According to applicable laws.

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Item No.

Document title


А 1 2

company registered charter Provided as a notarized copy, and the document which was effected on the territory of a country other than the Republic of Kazakhstan, must also be apostilled or legalized (the text of this cell was changed by a decision of the Exchange's Board of Directors dated March 19, 2019)


6. Copy of the new certificate of state registration of the securities issue of the listed company obtained instead of the one issued earlier

If the listed company is a legal entity incorporated in a country other than the Republic of Kazakhstan, it is allowed to provide a copy of other document, similar in its purpose to said certificate, if such registration is mandatory under applicable laws

7. Copy of changes and/or additions to the securities issue prospectus of the listed company registered by the Authorized Body subject to state registration, and a copy of the notice of the Authorized Body of such registration

If the securities issuer is a legal entity incorporated in a country other than the Republic of Kazakhstan, it is allowed to provide a copy changes and/or additions to the securities issue prospectus of the listed company, registered in accordance with the applicable laws, or a copy of changes and/or additions to other document similar in its purpose to said prospectus registered under applicable laws

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Item No.

Document title


А 1 2

8. Copy of changes and/or additions to the securities issue prospectus of the listed company approved by the authorized body of the listed company not subject to state registration, and a copy of the decision of the authorized body of the listed company on such approval

If the listed company is a legal entity incorporated in a country other than the Republic of Kazakhstan, it is allowed to provide a copy of other document, similar in its purpose to said certificate

9. Copies of documents certifying the change in the structure of current licenses held by the listed company, including copies of newly acquired licenses and copies of licenses obtained instead of the ones issued earlier

If the listed company's activities are subject to licensing under the laws of its country of incorporation

10. Information about voluntary reorganization or voluntary liquidation of the listed company, its subsidiaries and depending joint-stock companies


11. Information about compulsory liquidation of the listed company, its subsidiaries and depending joint-stock companies


12. Information about the receipt by the listed company of a permit (license) for carrying out particular activities, suspension or discontinuation of permits (licenses) for carrying out particular activities (actions) received by the listed company earlier

If the listed company's operation is subject to licensing in accordance with the applicable laws of the country of incorporation of that issuer


13. Information about freezing of assets of the listed company


14. Information about administrative sanction on the listed company and its executives


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Item No.

Document title


А 1 2


15. About decisions on voluntary or compulsory reorganization/liquidation of the listed company, its subsidiary or depending company



16. Information about changes in the structure of shareholders (partners) of the listed company holding ten or more percent of its voting shares (stakes)


17. Information about decisions taken by the general meeting of shareholders (participants ) of the listed company


18. Information about changes in the list of companies where the listed company holds ten or more percent of shares (stakes, units), in each of such organizations


19. Information on the listed company's failure to comply with terms stipulated by the issue prospectus of corporate bonds, facts of default committed by the listed company



20. Information about the events affecting interests of shareholders and investors of the listed company, in accordance with the charter of the listed company, as well as with the issue prospectus of its securities


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Item No.

Document title


А 1 2


21. About decisions of the Board of Directors of the listed company (supervisory board of the listed company established in a legal form other than a joint-stock company), which can be related to activities of the listed company and can affect the value of its securities, or in accordance with internal documents of the listed company are subject to be brought to knowledge of its shareholders (partners)


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Table 5. Information on events affecting investors' interests

Item No.


А 1 2 3

1. Notice of change (changes, including appointment) in the structure of the listed company's executive body, as well as in the composition of the managing body (if the issuer was incorporated as a joint-stock company) or supervisory council (if the issuer was established in a legal form other than a joint-stock company) of the listed company, if such body is provided for in the listed company's charter, with indication of the respective body of the listed company (the text of this cell was changed by a decision of the Exchange's Board of Directors dated January 29, 2019)

Within three working days following the day of the respective decision.

If the listed company is a legal entity, 50 or more % of whose total outstanding shares or paid shareholder capital belong to the government, the National Bank of Republic of Kazakhstan, a national holding, or a national managing holding, information indicated in paragraph one of this item, is provided to the Exchange upon readiness, but not later than 10 working days after the date of the respective decision (the text of this cell was changed by a decision of the Exchange's Board of Directors dated January 29, 2019)

2. Notice of a statement of claim filed in court against the listed company, if the amount of the statement of claim makes up 10 or more percent of the total assets of that listed company (the text in this cell was changed by a decision of the Exchange's Board of Directors dated March 14, 2018)

Not later than three working days after receipt of respective notice

3. Notice of forthcoming by the listed company of proprietary (monetary) obligations amounting to 10 or more percent of the total worth of its assets

30 calendar days before the date of execution of such obligations

Requirement of this sub-item doesn't apply to obligations whose execution term makes up 30 or less calendar days.


4. Information on the impossibility of payment of interest on securities of the listed company (dividends on shares and coupon interest on

Not later than ten working days before the deadline for fulfillment of obligations specified in the securities issue prospectus


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Item No.


А 1 2 3

debt securities) for the period for which that interest must be paid, with indication of reasons for which the payment cannot be made, and amounts of non-paid interest

(the text of this cell was changed by decisions of the Exchange's Board of Directors dated October 12, 2017 and August 26, 2019)

5. Information on payment of interest on securities of the listed company (dividends on shares, units and coupon interest on debt securities), including the date of interest payment, the amount of interest payable, the amount of interest actually paid to holders of securities, the period for which that interest was paid, the record date for payment of that interest (the text of this cell was changed by a decision of the Exchange's Board of Directors dared February 26, 2020)

Within three business days following the interest payment date (the text of this cell was changed by a decision of the Exchange's Board of Directors dared February 26, 2020)

6. Information on change of the registrar which maintains the system of registries of securities holders, with indication of its full name, legal and actual address, details of its state registration and availability of a license for activities on maintaining the system of registries of securities holders

Within five working days from the date of change of the registrar

For listed companies – legal entities incorporated in a country other than the Republic of Kazakhstan.

It is allowed to provide details of said registrar's license for activity of similar type, if such activity is subject to licensing under applicable laws

7. Information on the structure of shareholders (partners) of the listed company, and/or a change in the structure of shareholders (partners) holding 25 or more percent of voting shares (stakes) of the listed company

Within three working days after the receipt by the listed company of documents confirming the registration of changes in the system of registries of securities holders or in the system for accounting of nominal holding

In accordance with applicable laws


8. Updated questionnaire of the Exchange's client regarding issues of organizing the countering of illegal revenues legalization (laundering) and

Within five working days after the receipt by the listed company of documents confirming the change in details in the questionnaire

Updated questionnaire is provided in case of a change of more than five details indicated in the questionnaire provided earlier, and is filled in according to one of forms

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Item No.


А 1 2 3

terrorism financing provided earlier in accordance with clarifications which (forms and clarifications) are available on the Exchange's website in sub-section "Listing" of section "Rules", and is provided by the admittance initiator who is the issuer of those securities.

In case of a change in five or less details indicated in the questionnaire provided earlier, the updated details are provided to the Exchange along with an accompanying letter.

Documents confirming the authenticity of details indicated in the updated questionnaire, as well as the change of details indicated in the questionnaire provided earlier, must be provided in form of originals or notarized copies, and documents which were effected on the territory of a country other than the Republic of Kazakhstan, must also be apostilled or legalized if the Exchange cannot check the authenticity of the document can be checked via other available sources.


(This table was changed by decisions of the Exchange's Board of Directors dated October 12, 2017, March 14, 2018, January 29, 2019 and March 19, 2019)

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Table 6. Documents and information subject to provision within three business days after the date of occurrence of the event

Item No.

Name of document Date of emergence Notes

А 1 2 3

1. Copy of the certificate of state registration of the securities issue of the listed company or a copy of another document similar in its purpose to said certificate, if such registration is mandatory in accordance with the applicable laws

The date of receipt by the listed company of:

– the certificate of state registration of the securities issue of the listed company or

– other document similar in its purpose to said certificate

2. Copy of the new certificate of state registration of the securities issue of the listed company, receive instead of the one issued previously

The date of receipt by the listed company of the certificate of state registration of the securities issue replacing the one issued earlier

If the listed company is a legal entity incorporated under laws of a country other than the Republic of Kazakhstan, a copy of another document, similar in its purpose to said certificate, may be provided, if such registration is mandatory under applicable laws

3. A copy of changes and/or additions to the issue prospectus of the listed company's securities subject to state registration registered by the Authorized Body, and a copy of the notice of the Authorized Body of such registration

The date of receipt by the listed company of changes and/or additions to the issue prospectus registered by the Authorized Body

If the listed company is a legal entity incorporated under laws of a country other than the Republic of Kazakhstan, a copy of changes and/or additions to the issue prospectus of the listed company's securities registered under applicable laws, or a copy of changes and/or additions to another document, similar in its purpose to said prospectus, registered under applicable laws, may be provided

4. A copy of changes and/or additions to the issue prospectus of the listed company's securities not subject to state registration approved by the authorized body of the listed company, and a copy of the decision of the authorized body of the listed company on such approval

Date of approval by the authorized body of the listed company of changes and/or additions to the issue prospectus of the listed company's securities

If the listed company is a legal entity incorporated under laws of a country other than the Republic of Kazakhstan, a copy of another document, similar in its purpose to said prospectus, may be provided

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Item No.


А 1 2 3

5. Issue prospectus of the listed company's securities taking into account changes and/or additions made thereto

Date of receipt by the listed company of documents confirming the state registration by the Authorized Body of the securities issue prospectus or registration by the Authorized Body of changes and/or additions to the issue prospectus of the listed company's securities

5-1. Copy of changes and/or additions to the Rules of the unit investment fund approved by the Authorized Body

Date of receipt by the listed company of changes and/or additions to the Rules of the unit investment fund approved by the Authorized Body

(This line was included by a decision of the Exchange's Board of Directors dated February 26, 2020

6. Information about the receipt by the listed company of a permit (license) for carrying out particular types of activities, suspension or discontinuation of validity of permits (licenses) for carrying out particular types of activity (activities) received by the listed company earlier, with copies of respective documents (permits, licenses, other) attached

Date of the receipt by the listed company of respective documents confirming the receipt by the listed company of a permit (license) for carrying out particular types of activity (activities), suspension or discontinuation of validity of permits (licenses) for carrying out particular types of activity (activities) received by the listed company earlier

If the listed company's operation is subject to licensing in accordance with applicable laws of the country of incorporation of that issuer as a legal entity.

Copies of licenses for carrying out brokerage and dealing activities and for carrying out banking transactions in foreign and national currencies must be notarized, and documents which were effected on the territory of a country other than the Republic of Kazakhstan, must also be apostilled or legalized.

In case of provision of an electronic document no notary public's attesting is required, if there is possibility of checking the document's authenticity through the website of the authority that issued that electronic document

(the text of this cell was changed by a decision of the Exchange's Board of Directors dated March 19, 2019)

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Item No.


А 1 2 3

7. Information on sale and/or offering by the listed company of own shares in the number of five or more percent of the total number of its outstanding shares as a results of one deal or a series of deals

Date of receipt by the listed company of respective documents confirming sale and/or offering by the listed company of own shares

8. Information on suspension of the registration of transactions in the system of registries of holders of the listed company's securities

Date of receipt by the listed company of respective documents confirming the suspension of the registration of transactions in the system of registries of holders of the listed company's securities

9. Information on the listed company's intention to acquire shares of another joint-stock company in the number of 25 or more percent of the total number of its outstanding shares (stake in the authorized capital of another organization, making up 25 or more percent of the amount of its authorized capital)

Date of the decision of the listed company's authorized body on the listed company's intention to acquire shares of another joint-stock company (stake in the authorized capital of another organization)

10. Information on admission of the listed company's securities to offering and/or circulation on foreign markets (issue and offering of American and/or global depositary receipts, debt securities, undergoing of the listing procedure on other exchanges)

Date of receipt by the listed company of respective documents confirming the admission of its securities to offering and/or circulation on foreign markets

Not subject to provision by admission initiators of securities quoted in the "Alternative" market of the official list

11. Information on assigning, affirmation or change of the rating(s) of the listed company and/or its securities, as well as on withdrawal of such ratings

Date of receipt by the listed company of respective documents confirming the assigning, affirmation or change of the rating(s) of the listed company and/or its securities, as well as on withdrawal of such ratings

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Item No.


А 1 2 3

12. Information on events which may affect the operation of the listed company, the value of its securities and, respectively, impact investors' interests

Date of the occurrence of the event or receipt by the listed company of respective documents confirming the occurrence of the event which may affect the operation of the listed company, the value of its securities and, respectively, impact investors' interests


14. Information about the conclusion by the listed company of major transactions and transactions which at the same time comply with the following terms: they are interested party transactions, and they are related to acquisition or alienation of assets whose value makes up 10 or more percent of the total book value of assets of the listed company as of the date of the decision of its authorized body on conclusion of such deals

Date of the agreement or supplement to the agreement and/or receipt by the listed company of documents, confirming the state or other registration of the deal, in case a compulsory state or other registration of the deal is necessary for conclusion of a major transaction and/or interested party transaction.

Information about the deal involving an acquisition or alienation of assets worth 10 or more percent of the total book value of assets of the listed company, must include details of the transaction parties, assets bought or alienated, terms and conditions of the deal, the nature and volume of stakes of parties involved, as well as at availability of other details of the deal.

Applies to all listed companies irrespective of their legal form.

If the listed company is a legal entity incorporated under laws of a country other than the Republic of Kazakhstan, information on such deals is disclosed in accordance with applicable laws

15. Information about annulment by the authorized body of the securities issue and/or redemption of the listed company's securities

Date of receipt by the listed company of documents confirming annulment and/or redemption of the listed company's securities

16. Information about the list, and/or change in the list of organizations in which the listed company holds 50 or more percent of shares (stakes, units) of any of such organizations

Date of receipt by the listed company of documents confirming that the company became (ceased to be) a holder of 50 or more percent of shares (stakes, units) in the organization

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Item No.


А 1 2 3

17. Information on imposing arrest on assets (lifting arrest from assets) of the listed company, whose value makes up 10 or more percent of the total book value of assets of the listed company

Date of receipt by the listed company of the decision on imposing arrest on assets (lifting arrest from assets) of the listed company

18. Information about the initiation of a corporate litigation

Within three working days from the date of receipt by the listed company of the respective court notice (summons) regarding the civil case over corporate litigation

19. Information on pledging (re-pledging) assets of the listed company in the amount making 10 or more percent of the total book value of assets of that listed company, as well as on release of assets of the listed company from being pledged (re-pledged), making 10 or more percent of the total book value of assets of that listed company

Date of receipt by the listed company of documents, confirming the registration of the pledging (re-pledging) agreement – with regard to assets whose pledging is subject to registration in accordance with laws of the Republic of Kazakhstan.

Date of conclusion of the agreement on pledging (re-pledging) assets of the listed company whose pledging is not subject to registration in accordance with laws of the Republic of Kazakhstan.

Date of receipt by the listed company of documents, confirming the release of assets of the listed company from being pledged (re-pledged).

20. Information about receipt by the listed company of a loan making 25 or more percent of the total book value of the listed company's assets, as well as on complete repayment of the principal amount and accrued interest on that loan

Date of conclusion by the listed company of the loan agreement or credit line agreement or complete repayment by the listed company of the principal amount and accrued interest on that loan or credit line.

When the total amount of received and not repaid loans taking into account accrued interest within one credit line reaches 25 or more percent of the total book value of the listed company's assets.

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Item No.


А 1 2 3

21. Information about conversion of securities and/or other monetary obligations into ordinary shares of the listed company

Date of receipt by the listed company of the reference issued by the central depositary, on shareholders holding ten or more percent of the total number of outstanding shares (minus shares bought back by the listed company), confirming the conversion of securities and/or other monetary obligations into ordinary shares of the listed company.


22. Information about the swapping of one type of outstanding shares of the listed company into shares of that listed company of another type

Date of receipt by the listed company of the reference issued by the central depositary, on shareholders holding ten or more percent of the total number of outstanding shares (minus shares bought back by the listed company) confirming the swapping of one type outstanding shares of the listed company into shares of that listed company of another type


23. Information about the change by the listed company of main activity types

Date of receipt of the charter and(or) amendments to the charter registered in the authorized body

24. Information about other events affecting interests of shareholders (partners) of the listed company and/or investors, in accordance with the listed company's charter, as well as in accordance with the issue prospectus of its securities

Date of occurrence of other events affecting interests of shareholders (partners) of the listed company and/or investors, in accordance with the charter and the issue prospectus of its securities, if the Act on Joint-Stock Companies and Act on the Securities Market do not stipulate other deadlines for bringing information to securities holders' knowledge.

Date of the failure of the listed company to comply with the terms of the issue prospectus of corporate securities.

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Appendix 5.1


L I S T

of international financial institutions whose securities (bonds)

can be included in the "Securities of international financial institutions" sector of

the "Mixed" market of the Exchange's Official List

(This heading was changed by decisions of the Exchange's Board of Directors dated March 14, 2018 and November 7, 2018)

Item No.

Name

The name's abbreviation7 (the text in this cell was changed by decisions

of the Exchange's Board of Directors

dated March 14, 2018 and November 7,

2018)

in Russian in English in Russian in English

А 1 2 3 4

1. Азиатский банк развития The Asian Development Bank АБР ADB

2. Африканский банк развития The African Development Bank AfDB

3. Банк международных расчетов The Bank for International Settlements

BIS

4. Банк развития Европейского Совета

The Council of Europe Development Bank

CEB

5. Евразийский банк развития The Eurasian Development Bank ЕАБР EDB

6. Европейский банк реконструкции и развития

The European Bank for Reconstruction and Development

ЕБРР EBRD

7. Европейский инвестиционный банк

The European Investment Bank EIB

8. Исламский банк развития The Islamic Development Bank ИБР IDB

9. Межамериканский банк развития

The Inter-American Development Bank

IADB IDB BID

10. Международный банк реконструкции и развития

The International Bank for Reconstruction and Development

МБРР IBRD

11. Международная финансовая корпорация

The International Finance Corporation

МФК IFC

12. Скандинавский инвестиционный банк

The Nordic Investment Bank NIB

7 Only known, commonly used abbreviations are quoted (the numbering of this footnote was changed by

decisions of the Exchange's Board of Directors dated October 12, 2017, March 14, 2018, November 7, 2018 and May 27, 2020).

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Item No.

Name

The name's abbreviation7 (the text in this cell was changed by decisions

of the Exchange's Board of Directors

dated March 14, 2018 and November 7,

2018)

in Russian in English in Russian in English

А 1 2 3 4

13. Исламская корпорация по развитию частного сектора

The Islamic Corporation for the Development of the Private Sector

(the text in this cell was removed by a decision of the Exchange's Board of Directors dated March 14, 2018)

ICD


14. Азиатский банк инфраструктурных инвестиций;

The Asian Infrastructure Investment Bank

AIIB


15. Международный валютный фонд

The International Monetary Fund МВФ IMF


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Appendix 5.2



of the Exchange for information disclosure in an investment memorandum

or other document similar in its purpose

After coming into effect of a decision on inclusion of securities in the Official List, the investment memorandum or other document similar in its purpose are released on the Exchange's website. From the date of such release, information disclosed in the investment memorandum or other document similar in its purpose, is open and can be freely handed over to mass media, as well as be disseminated in public in original, as well as in form of information bulletins of the Exchange and organizations authorized by the Exchange.

The investment memorandum provided to the Exchange, or other document similar in its purpose, must comply with the following requirements:

1) contain objective and comprehensive information on securities, the issuer of those securities and its activities. No substantial information must be omitted;

2) can be drawn up according to the structure different from the structure specified in this Appendix, and upon wish of the admittance initiator can be supplemented by information which, in his opinion, is substantial;

3) apart from information which must be disclosed in accordance with this appendix, must contain information on parties participating in the preparation of said document and responsible for information contained therein;

4) contain financial information as of the last reporting date, if not otherwise agreed upon with the Listing Department (this sub-item was changed by a decision of the Exchange's Board of Directors dated November 7, 2018);

5) include information subject to disclosure in accordance with section 5 of this appendix, also on subsidiaries of the issuer (if that issuer has subsidiaries), which account for 20 % or more in the consolidated operating revenues of the issuer, to the extent, agreed upon with the Listing Department (this sub-item was included by a decision of the Exchange's Board of Directors dated November 7, 2018).

The investment memorandum or other document similar in its purpose at least must disclose the following information.

Section 1. BRIEF DETAILS OF SECURITIES

1. The type of securities, their number (including the number of securities issued and proposed for issue), the proposed offering price, details of the interest rate on debt securities, proposed yield as of the offering date (for debt securities), current yield on units, if those units were placed, the term, dates, conditions and procedure of payment of income on securities (interest, dividends) and its taxation, rights of securities holders, conditions and procedure of their buyback by the issuer, including in case of long-term redemption, if they are debt securities.

If securities are collateralized or issued using earmarked funds, it is necessary to disclose information on such collateral or earmarked funds, as well as on conditions and procedure of exercising of the right to claim of the holders of securities on account of that collateral of earmarked funds in case of default.

If the listing procedure is conducted for shares or depositary receipts which are already in the Official List of a stock exchange, it is necessary to disclose information on the highest and the lowest price of those shares or depositary receipts for the past five years, on the highest and the

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lowest price for each quarter of the last two years and on the highest and the lowest price for each month of the six months preceding the date of the application for listing, or for other periods, based on the actual period of presence of those shares or depositary receipts in the Official List of that stock exchange.

In it necessary to disclose information on all stock exchanges and other regulated markets, where securities of the issuer are traded, as well as information on existing legal restrictions on import or export of money, including yield on securities (interest, dividends).

2. Details of the procedure of offering of securities (also among different groups of prospective investors), the period of time, during which the offering is supposed to take place, the place of offering, the procedure of disseminating information on offering of securities, including the release of results of their offering, procedure, conditions and place of payment for securities. At offering of shares additionally information must be disclosed on the procedure and conditions of exercising of the right of preemptive purchase of those shares by existing shareholders, as well as on possible restrictions regarding exercising of that right.

If the issuer's shares undergo the listing procedure following the intention of some major shareholder to sell his entire shareholding or its part, it is necessary to disclose information on such shareholder, including his full name (for an individual – surname, name, patronymic), his legal and actual address (location (residential address)), type (class) and number of shares he holds, type (class) and number of shares he intends to sell.

3. Details of the registrar, the representative of holders of securities and payment agent with indication of full names of organizations, their legal and actual addresses (locations), types of operations of those organizations, details of their CEOs, contact telephone and fax numbers, e-main addresses.

4. Purposes and reasons for the listing and consecutive offering of securities.

It is necessary to disclose information on the issuer's forecast about the expected net amount of revenues from offering securities with breakdown by purposes of its utilization. If revenues expected from offering of securities will be not enough to satisfy all goals set by the issuer, it is necessary to indicate the sequence of satisfaction of such goals, as well as the lacking amount a and possible sources for raising funds.

If proceeds received from offering of securities, are directly or indirectly supposed to be used for purchase of any assets, it is necessary to describe those assets, their usage in the issuer's operations, their cost and expenses which the issuer will bear during conclusion of that deal, as well as to disclose information on the seller of those assets (name (for an individual – surname, name, patronymic), location (place of residence) and main activities).

If proceeds received from offering of securities, are supposed to be used for purposes of acquiring a business different from the issuer's main activities, it is necessary to give a description of that business and information on the method of its acquisition.

If proceeds received from offering of securities, are supposed to be spent on reduction or offsetting of the current indebtedness of the issuer, it is necessary to disclose information on the interest rate and repayment date of such indebtedness, as well as other sources of funds that could be used for offsetting.

5. (This item was changed by a decision of the Exchange's Board of Directors dated March 14, 2018 and removed by a decision of the Exchange's Board of Directors dated November 7, 2018).

Section 2. GENERAL DETAILS OF THE ISSUER

1. Name of the issuer and its legal form.

Full and shortened name of the issuer in Kazakh, Russian and/or other languages.

If since the date of the primary registration of the issuer as a legal entity and until the date of application for listing of securities its name has changed, all its preceding full and shortened company names, as well as dates of their changes are indicated. If the issuer was established as

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a result of reorganization of a legal entity (legal entities), details of the conducted reorganization and facts on legal succession regarding the reorganized legal entities and the issuer must be disclosed.

2. Full legal and actual address (place of residence) of the issuer and numbers of the contact telephone and fax, e-mail addresses and corporate website URL.

3. History of establishment and activities of the issuer. Purpose of the issuer's establishment and main activities.

4. Details of available ratings from international and/or local rating agencies assigned to the issuer and/or its securities.

5. Details of licenses the issuer uses, and/or subsoil use contracts and/or other documents, confirming that issuer's right to subsoil activities, if the issuer is a subsoil user.

Subsoil users must disclose information on main terms and conditions of subsoil use contracts and their validity period, on the availability of valid mining licenses

8; short description of fields

(complexity of the structure and production of the mineral), geological and extractable deposits; the company's reserves of said deposits at the reached production capacity; information on the independent Competent person that prepared a public report on results of geological exploration conducted by the subsoil user on the field(s), as well as on resources and deposits of minerals or oil and gas in that (those) field(s) (irrespective of the actual name of such report in accordance with geological reporting standards, using which such report was prepared), and/or authority that approved the results of exploration work and said deposits, as well as the date of their approval ( this item was changed by a decision of the Exchange's Board of Directors dated March 14, 2018).

6. Names, registration dates, legal and actual addresses (places of residence) of all branches and representative offices of the issuer.

7. Shareholder capital. The number of authorized an outstanding shares of the issuer with indication of their type (class), face value, rights provided to their holders, offering price and method of its determining. If not all shares were paid for in money, it is necessary to indicate which assets were paid for those shares and how the price of those assets was determined.

If the issuer issued shares which are not included in its shareholder capital, it is necessary to indicate the number and main characteristics of such shares.

If part of own shares was bought back by the issuer or is held by its subsidiaries, it is necessary to indicate the number of such shares, rights provided thereby, their face value, book value and/or market value, the offering price and/or repurchase price.

8. Selected financial data. It is necessary to disclose selected historical financial data confirmed by auditor's reports, for the last three years or the actual lifetime, if the issuer exists less than three years, including interim data for the current year that may be unaudited, which must be indicated.

Selected financial data must, at least, include the amount of assets, net assets, shareholder capital (except long-term (subordinated) liabilities and redeemable preferred shares), number of shares, reflected in the statement of changes in equity, net revenue from sales (gross income) or operating income, profit (loss) from main activities, profit (loss) from continued activities, net profit (loss) for periods, net profit (loss) from main activities per share, net profit (loss) from continued activities per share, amount of dividends per share, denominated both in the currency of financial reporting and tenge, including the formula, used at any corrections of dividends, diluted earnings per share. All amounts per share must be determined in compliance with the accounting policy used during the preparation of the issuer's financial statements.

If the issuer's financial statements are in a currency other than the tenge, it is necessary to quote the exchange rates of the tenge against the currency in which the issuer's financial statements were prepared, for each date of preparation of the issuer's financial statements.

8 Details indicated in this sentence must be given to the extent sufficient for the general description of the

company's raw materials sources and satisfaction of interests of qualified investors (the numbering of this footnote was changed by decisions of the Exchange's Board of Directors dated October 12, 2017, March 14, 2018 and May 27, 2020).

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Section 3. MANAGEMENT AND SHAREHOLDERS (PARTICIPANTS)

1. The issuer's managing bodies' structure.

Full description of the issuer's managing bodies and their competence in compliance with the legislation, charter, other documents.

2. The issuer's Board of Directors (Supervisory Council) members.

Last name, first name and patronymic, date of birth of each member of the issuer's Board of Directors (Supervisory Council), including the Board of Directors (Supervisory Council) chairman and independent directors, position of each Board of Directors (Supervisory Council) member for the last three years and at present, including part-time service, in the chronological order indicating the activities area, and the information on number of owned shares (stakes of participation in the shareholder capital) of the issuer and its subsidiaries and subordinate organizations.

It is necessary to disclose the information on the size of interest and bonuses to the Board of Directors (Supervisory Council) members for the last year, and on the amount, accumulated by an issuer to ensure interest on pensions, if stipulated.

3. The issuer's collegial (sole) executive body.

Last name, first name and patronymic, year of birth of each member of the issuer's collegial executive body; last name, first name and patronymic, year of birth of the person carrying out functions of the issuer's sole executive body; positions occupied by each member of the issuer's sole executive body or the person carrying out functions of the issuer's sole executive body for the last three years and at present, including part-time service, in the chronological order indicating the activities area, and the information on number of owned shares (stakes of participation in the shareholder capital) of the issuer and its subsidiaries and subordinate organizations.

It is necessary to disclose the information on the size of interest and bonus to members of the issuer's executive body for the last year, and on the amount, accumulated by the issuer to cover interest on pensions, if stipulated.

4. The issuer's organizational structure.

Structural divisions, committees, affiliates, representative offices of the issuer.

Number of the issuer's employees.

The average list number of employees of the issuer, including affiliates and representative offices' employees.

The information on heads of key divisions of the issuer.

5. Issuer's shareholders (participants).

The total number of shareholders (participants) of the issuer and the information (including full names and abbreviation, legal form, legal and actual addresses (locations) of the legal entity or the last name, first name and patronymic and place of residence of an individual) on those shareholders (participants), which hold shares in the number (size) of five and more percent from the total number of outstanding shares (paid shareholder capital) of the issuer.

Information on final beneficiaries (name, legal and actual address (location) of the legal person or surname, name patronymic and address of the physical person).

Information on affiliates (related parties) of the issuer, being such in compliance with the legislation of the Republic of Kazakhstan or a country other than the Republic of Kazakhstan, in compliance with whose legislation of which the issuer was registered as a legal entity.

This information must include the following: information on the grounds for recognition as being affiliated and the date of occurrence of the affiliation, in addition for a legal entity – the full name, legal and actual address (location), the date and No. (if available) of the state registration of that legal entity, for an individual – the last name, first name, patronymic (if available), the country of

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residence ( this item was changed by a decision of the Exchange's Board of Directors dated March 14, 2018).

Information on all deals or a series of deals for the last three years, which caused a change in the issuer's shareholders (participants), which own shares in the number (size) of five and more percent from the total number of outstanding shares (paid authorized capital) of the issuer.

6. Information on organizations, shares (stakes) in which are owned by the issuer in the number (size) of five and more percent from the total number of outstanding shares (paid authorized capital).

The information must contain the organization's full name, its legal and actual address (location), number (amount) of shares (stakes in an authorized capital), held by the issuer, this organization's activities type, the information on its chief executive.

On organizations, shares (stakes) in which are held by the issuer in the number (amount) of 50 and over percent from the total number of outstanding shares (paid shareholder capital), or controlled by the issuer based on other grounds, stipulated by its applicable financial reporting standards, main financial indicators must be submitted: the size of equity capital, assets, volume of products sold (services provided), net income (loss) for the last three years or the period of actual existence and for the last completed quarter, preceding the date of the investment memorandum or any document similar in its purpose.

7. Industrial, banking, financial groups, holdings, associations where the issuer participates, the goal of participation in those organizations.

Section 4. THE ISSUER'S BANKS, CONSULTANTS AND AUDITORS

1. It is necessary to disclose the information on banks and/or other organizations, which during last three years provided financial services to the issuer, including their full names, legal and actual addresses (locations), the information on chief executives, the information on types of services provided to the issuer, and the information on major deals of the issuer with those organizations.

2. It is necessary to disclose the information on financial and/or legal advisors, participating in development of the issuer's documents for its securities issue registration, and those securities listing, including their full names, legal and actual addresses (locations), the information on chief executives, the information on types of services provided to the issuer.

3. It is necessary to disclose the information on auditing organizations, which audited the issuer's financial statements or the reviewed interim financial statements during the last three years or the period of its actual existence, and on those auditing organizations, which will audit the issuer's financial statements during the next three years, including their full names, legal and actual addresses (locations), information on chief executives, information on their membership in any international auditing network and/or professional auditing organization, performing activities in compliance with the legislation of its registration country.

Section 5. COMPANY ACTIVITIES DESCRIPTION

1. Brief description of main trends in the industry (area), in which the issuer operates, including those most important for the issuer.

The information on competing organizations, comparison of the issuer's performance with average figures in the country and worldwide, if possible.

Forecast of the sector (area) future development, where the issuer operates and the issuer's position in that sector.

If the issuer is part of a group of companies, it is necessary to disclose that group's structure, main activities and the issuer's place in that group.

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2. Information on attempts of third parties to take over the issuer (through acquisition of its shares) or the issuer's attempts to take over another company for the last completed and current years. It is necessary to disclose the information on proposals regarding shares acquisition prices, their number or terms of shares exchange in case of such attempts.

3. Information on terms of main contracts, agreements, made by the issuer which in the future may significantly influence its activities.

4. Information on major capital expenditures of the issuer for the last three years (for the period of actual existence, if the issuer exists less than three years) and for the current year, indicating amounts, funding sources, areas (including geographic areas), goals of such investments and their efficiency.

5. This item's requirements apply only to non-financial organizations (except for leasing firms and credit partnerships).

Volumes of products sold (work done, services rendered) over the last three years (for the actual existence period, if the issuer exists less than three years) and current year in commonly used physical or quantitative measuring units on each kind of product (work done, services rendered) of the issuer for the last three years (for the actual existence period, if the issuer exists less than three years) and current year, evaluation of the issuer's development level.

Analysis of changes in volumes of products sold (work done and services rendered).

6. Factors, positively and negatively influencing the issuer's sales profitability on the main activity.

7. The issuer's activities on organization of selling of its products (provision of services and execution of work).

8. This item's requirements apply only to non-financial organizations (except for the leasing companies and credit partnerships).

Information on main suppliers and consumers of the issuer, including:

1) names of suppliers, accounting for 10 or more percent from the total number of the issuer's procurements (goods, raw materials, feedstock, services provided to the issuer and work done), their portion in the total volume of the issuer's procurements;

2) names of consumers, holding ten and more percent from the issuer total sales proceeds from products (services provided) of the issuer, and their portions in the total sales volume. Possible negative factors affecting sale of products (services provided, work done) are liable to disclosure.

The degree of the issuer's dependence on existing suppliers and consumers. It is necessary to develop forecasts of accessibility for the issuer of these sources in the future, including possible change in demand for the issuer products (services, work) and supply of goods, raw materials procured by the issuer for its main activities, services provided to it (work done), and factors influencing on their pricing.

10. Key factors, influencing the issuer's activities.

Seasonality of the issuer activities. What activities are seasonal and their portion in the total income.

The portion of import in raw materials (work, services), provided (executed for, rendered to) to the issuer, and the portion of products (work, services), sold (executed, provided) for the export.

Description of main markets, where the issuer competes with other organizations during the last three years (for the period of actual existence, if the issuer exists less than three years), including these markets' geographical location.

The issuer's agreements and obligations. The information is disclosed on each deal (several interrelated deals), which must be made or executed within six months from the submission date of an application for securities listing, if this deal (deals) amount is 10 or over percent of the issuer's assets book value.

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Future obligations. It is required to disclose any future obligations of the issuer, exceeding 10 and over percent of the assets' book value and the influence of these obligations on the issuer activities and financial status.

Information on participation of the issuer in litigations. Must be provided the information on all administrative sanctions imposed on the issuer and its executives by government bodies and/or the court during the last year. It is necessary to indicate the sanction date, body, which imposed the sanction, reasons, type and size of the sanctions and its satisfaction results.

The description of the essence of legal processes with the issuer's participation by results of which the issuer's activities can be terminated or limited, imposing monetary and other obligations to the amount equivalent to at least 1,000 MCI.

Risk factors (can be prioritized by the issuer). The detailed risk factors analysis, which can affect the issuer securities holders, including risks, specific for the issuer and his kind of business (unusual competitive conditions, expiry of licenses and/or contracts, unstable financial status of the issuer, dependence on providers or consumers), country and legislative risks, (including taxation and government regulation of its activities), risks related to the issuer securities liquidity or legislative limitation of potential investors community.

When describing risk factors it is necessary to avoid templates as such description will not provide investors with the concrete information on specific risks, incidental to the considered issue and may impede the investment decision making.

Other essential information on the issuer activities and markets of its activities.

Section 6. FINANCIAL POSITION

This section must contain data of financial statements of the issuer compliant with requirements of Appendix 5.3 to these Rules and prepared for the periods specified in lines 17–19 of the table of Appendix 3.1 to these Rules (this item was changed by decisions of the Exchange's Board of Directors dated August 26, 2019 and May 27, 2020).

If the auditor's report issued on the issuer's financial statements (review report) contains an opinion with the proviso or waiver of such opinion, it is necessary to substantiate such proviso or waiver.

(This section was changed by a decision of the Exchange's Board of Directors dated October 12, 2017).

Chapter 1. NON-FINANCIAL ORGANIZATIONS (EXCEPT FOR LEASING COMPANIES AND CREDIT PARTNERSHIPS)

Assets

1. Intangible assets.

It is necessary to specify the composition, the initial cost as of the purchasing date, the value of depreciation and residual value as of the last reporting date.

2. Fixed assets.

It is necessary to indicate with the breakdown by group (land, buildings and facilities, machinery and equipment, vehicles, other fixed assets) the initial cost as of the purchasing date, the value of accrued depreciation, residual value, and depreciation percentage by each fixed assets group as of the last reporting date.

In case of revaluation of fixed assets during the last three years results of such revaluation must be disclosed. It is necessary to indicate when, by whom (the valuator's full name, location, date and number of the license for property valuation, the body name, which issued this license, the date as of which revaluation was implemented), for what purpose and based on which method the issuer's fixed assets were revaluated.

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3. Construction in progress.

It is necessary to briefly describe important for the issuer objects with capital construction being implemented as of the listing application submission date, indicate the construction beginning date, planned time of putting of objects into operation, goals and objectives of this construction, and the source of funds at the expense of which this construction is being implemented.

4. Equity investments and other financial assets.

The information must be provided as follows: the long- and short-term equity participation investments, financial assets by government and non-government securities, including held till maturity intended for selling and valuated at fair price through income or loss.

If financial assets are in the size of five and over percent from the issuer's assets total amount, it is necessary to disclose detailed information (financial assets type, their currency and terms, interest rate (dividend income)).

5. Accounts receivable.

Accounts receivable structure must be disclosed:

1) on debtors, indebted to the issuer in the size of five and over percent from its accounts receivable total amount; or must be submitted the list of first most major debtors of the issuer indicating their names and locations, reasons of accounts receivable, amounts and terms of repayment;

2) on debtors – related parties to the issuer, indicating reasons of accounts receivable, amounts and terms of repayment;

3) on such accounts receivable as the trade accounts receivable, prepayment, advance payments, temporary financial support, loans, other debts; it is necessary to indicate debtors names, reasons of accounts receivable, amounts and terms of repayment;

4) concerning account receivable currency; it is necessary to indicate debts currency and influence of currency exchange rates on accounts receivable amount and the repayment date.

Liabilities

1. Shareholder (charter) capital.

It is necessary to indicate the structure of shareholder (charter) capital and its change for the last three years or for the period of the issuer actual existence, if the issuer exists less than three years with these changes description.

In addition, it is necessary to disclose the information on dividends amounts paid to the issuer shareholders (partners) for the last three years, including on various types (classes) of shares, and dividend size per share of each type (class) for each year of their payment and the existence of arrears in the payment of dividends for the period of actual existence of the issuer and the causes of this debt.

2. Credit facilities, loans and leasing agreements.

It is necessary to disclose the information on valid bank loans, credit lines and leasing agreements, indicating creditors names and locations, agreements terms (agreements amounts, interest rates per year, terms of validity, remaining unpaid debts as of the last reporting date, special terms) and goals of fundraising. If the loan currency is not in tenge it is necessary to indicate the loan currency and influence of currency exchange rates on their amount as of the repayment date.

If the issuer's bonds are circulating, it is necessary to disclose these bonds issues' main parameters (circulation start date, total face value of each issue, interest rates per year, interest payment periodicity, maturity dates), also it is necessary to indicate the number of sold bonds on each issue, the volume of funds raised through bonds offering, fundraising cost through bonds issue (yield at offering), and to indicate for what purposes raised through bonds offering funds were used.

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If debt securities issues of the issuer different from bonds are circulating, it is necessary to disclose the information on them, including brief description of terms of their issue, circulation and maturity and the purpose of their issue.

3. Accounts payable.

The structure of accounts payable must be disclosed:

1) on creditors, to which the issuer is indebted in the size of five and over percent from its accounts receivable total amount; or must be submitted the list of first 10 major creditors of the issuer indicating their names and locations, reasons of accounts payable, amounts and terms of repayment;

2) on creditors – related parties to the issuer, indicating reasons of accounts payable, indebtedness amounts and terms of their repayment;

3) on such accounts payable as debts for provision of fixed assets, raw materials, goods (services rendered, works done), prepayments, advance payments, temporary financial support, loans from non-financial organizations, other debts; it is necessary to indicate creditors' names, reasons of accounts payable occurrence, amounts and terms of their repayment;

4) concerning accounts payable currency; it is necessary to indicate the debts currency and influence of currency exchange rates on accounts payable amount as of the repayment date.

Financial Results

1. The volume of sold products (services rendered, work done).

It is necessary to disclose the information for the last three years or for the actual existence period, if the issuer exists less than three years, and as of the last reporting date, preceding the date of submission of application on securities listing, on volumes of sold products (services rendered, work done) in money equivalent, including separately by each type of product (services, work) indicating their portion in the total volume of those incomes.

Main factors, which negatively or positively influenced on volumes of products sold by the issuer (services rendered, work done) during the considered period and measures being taken by the issuer to increase revenues from sales of products (provision of services, work).

2. Cost of products sold (services rendered, work done).

It is necessary to disclose the information for the last three years or for the actual existence period, if the issuer exists less than three years, and as of the last reporting date, preceding the application submission on securities listing, on the cost of products sold (services rendered, work done), including separately by each type of product (service, work) indicating their portion in the cost value total volume.

Main factors, which brought about the increase or decrease in the cost of products sold by the issuer (services rendered, work done) during the considered period and measures being taken by the issuer to decrease costs in general and per product.

3. (This item was excluded by a decision of the Exchange's Board of Directors dated November 7, 2018).

4. The structure of the issuer's non-operating income for the last three years or for the actual existence period, if the issuer exists less than three years, and as of the last reporting date preceding the submission of the application for securities listing.

5. The structure of the issuer's expenses from non-core activities for the last three years or for the actual existence period, if the issuer exists less than three years, and as of the last reporting date preceding the submission of the application for securities listing.

6. Coefficients.

It is necessary to indicate the calculation of coefficients, which in the admittance initiator's (issuer's and its financial advisor's) judgment are most important and characterize the issuer's performance.

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Cash Flows

1. Brief analysis of the issuer's cash flow for the last three years or for the actual existence period, if the issuer exists less than three years, and as of the last reporting date preceding the date of application for securities listing, indicating factors affecting the issuer's cash flows forming from operation, investing and financial activities.


Other essential information

Other essential information on the issuer activities, possible obligations, which may occur as a result of previously issued guarantees, concluded agreements, statements of claim and other events.

Chapter 2. BANKS, FINANCIAL AND LEASING ORGANIZATIONS, CREDIT PARTNERSHIPS

Assets

1. Intangible assets.

It is necessary to specify the composition, the initial cost as of the purchasing date, the value depreciation and residual value as of the last reporting date.

2. Fixed assets.

It is necessary to indicate with the breakdown by group (land, buildings and constructions, furniture, machinery and equipment, vehicles, other fixed assets) the initial cost as of the purchasing date, depreciation, residual value, and depreciation percentage by each fixed assets group as of the last reporting date.

In case of revaluation of fixed assets during the last three years results of such revaluation must be disclosed. It is necessary to indicate when, by whom (the valuator's full name, location, date and number of the license for property valuation, the name of the body, which issued this license, the date as of which revaluation was implemented), for what purpose and based on which method the issuer's fixed assets were revaluated.

3. Construction in progress.

It is necessary to briefly describe important for the issuer objects with capital construction being implemented as of the listing application submission date, indicate the construction beginning date, planned time of putting of objects into operation, goals and objectives of this construction, and the source of funds at the expense of which this construction is being implemented.

4. Equity investments and other financial assets.

The information must be provided as follows: the long- and short-term equity participation investments, financial assets (broken down by government and non-government securities and indication of the issuers' names, maturities and interest rates, if those assets are debt securities) held till maturity intended for selling and valuated at fair price through income or loss, derivative financial instruments (with brief description of those instruments).

It is necessary to give a brief description of the issuer's strategy regarding holding stakes in other companies and investing free funds in financial assets.

5. Loans (financial leasing) to clients.

It is necessary to provide – for the past three years or for the actual existence period, if the issuer exists less than three years, and as of the last reporting date preceding the date of application for securities listing – a description of the loan (leasing) portfolio of the issuer, including its development, structure by industry and currency, structure by type of loan disbursed (financial leasing) and borrowers (legal persons and individuals), average interest rates by the currency of loans disbursed.

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The loan portfolio's quality. It is necessary to submit for the last three years or for the actual existence period, if the issuer exists less than three years, and as of the last reporting date, preceding the date of application for securities listing, the classification of disbursed loans in compliance with the regulating body requirements or international financial reporting standards and the information on formed loan provisions.

In addition, it is necessary to disclose the information on the total amount of loans disbursed to 10 largest borrowers to the portion of which fall 10 and over percent from the issuer's equity capital size, as well as on the portion of those loans in the issuer's loan portfolio and equity capital.

6. Funds in banks and other financial organizations.

It is necessary to submit for the last three years or for the actual existence period, if the issuer exists less than three years, and as of the last reporting date, preceding the date of application submission for securities listing, the description of funds kept in banks and other financial organizations (indicating their names and locations), including the dynamics of such deposits, main terms, currency, deposit types, average percentage rates on such deposits.

On "reverse" repo transactions it is necessary to briefly describe instruments – underlying assets of such repo transactions.

7. Average yield per annum for the last three years separately on financial assets, disbursed loans, other profitable assets and average yield per year for the last three years on all profitable assets.

8. Issuers – insurance companies must submit the information for the last three years or for the actual existence period, if the issuer exists less than three years, and as of the last reporting date, preceding the application submission on securities listing, on dynamics and structure of accounts receivable on insurance and re-insurance, the dynamics of re-insurers stake in insurance premiums and reserves on losses and expenditures for regulation of insurance requirements, and describe factors that affected those assets' dynamics and/or structure.

Liabilities

1. Shareholder (charter) capital.

It is necessary to indicate the structure of shareholder (charter) capital and its change for the last three years or for the period of the issuer actual existence, if the issuer exists less than three years with these changes description.

In addition, it is necessary to disclose the information on amounts of dividends paid to the issuer's shareholders (partners) over the past three years, including on various types (classes) of shares, and on the dividend amount per share of each type (class) for each year of their payment ( this item was changed by a decision of the Exchange's Board of Directors dated March 14, 2018).

2. Funds of banks and other financial organizations.

It is necessary to describe funds raised from banks and other financial organizations (indicating their names and locations) for the last three years or for the actual existence period, if the issuer exists less than three years, and for the last reporting date, preceding the application submission on securities listing, including the dynamics of such fundraising, their main terms, currency, structure by fundraising type, average percentage rates on such fundraising.

On "nego" repo transactions it is necessary to briefly describe instruments that are such repo transactions' underlying assets.

3. Clients deposits.

It is necessary to describe deposits base for the last three years or for the actual existence period, if the issuer exists less than three years, and as of the last reporting date, preceding the date of application for securities listing, including dynamics of deposits with the breakdown by legal entities and individuals, fixed deposits and call deposits, average percentage rates on deposits, including currency of attracted deposits, deposits timeframe with the breakdown by legal entities and individuals deposits.

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4. Debt securities issues. If the issuer bonds are circulating it is necessary to disclose these bonds issues' basic parameters (circulation start dates, total face value of each issue, interest rates per year, interest payment periodicity, maturity date), also it is necessary to indicate the number of offered bonds on each issue, the volume of raised through bonds offering funds, cost of fundraising through bonds issue (yield at offering), and to indicate for what purposes funds raised through bonds offering were used.

If the issuer's debt securities other than bonds are in circulation, it is necessary to disclose their details, including a short description of their issue, circulation and redemption terms, issue purposes.

5. Issuers – insurance companies must submit the information for the last three years or for the actual existence period, if the issuer exists less than three years, and for the last reporting date, preceding the date of application for securities listing, on dynamics and structure of accounts receivable on insurance and re-insurance, the dynamics of unearned insurance premiums and reserves on losses and expenditures for regulation of insurance requirements, insurance payments and describe factors that affected those assets' dynamics and/or structure.

Financial Results

1. Analysis of financial results.

It is necessary to disclose the information for the last three years or for the actual existence period, if the issuer exists less than three years, and as of the last reporting date, preceding the application submission on securities listing, on total amount of received by the issuer incomes and expenditures, their structure indicating the portion of main incomes and expenditures in the total volume of received incomes and expenses incurred.

Main factors, which affected the issuer's incomes and expenses during the considered period and measures being taken by the issuer to increase the income from its activities.

2. Coefficients.

It is necessary to indicate the calculation of coefficients, which in the judgment of the admittance initiator (issuer and its financial advisor) are most important and characterize the issuer performance.

3. Prudential norms implemented.

It is necessary to disclose the information for the last three years or for the actual existence period, if the issuer exists less than three years, and as of the last reporting date, preceding the date of application for securities listing, on the issuer's compliance with prudential norms established by the Authorized Body for banks and financial organizations.

Cash Flows

1. Brief analysis of the issuer's cash flow for the last three years or for the actual existence period, if the issuer exists less than three years, indicating factors affecting the issuer's cash flows resulting from operating, investing and financial activities.


Other essential information

1. Guarantees issued. It is necessary to submit the list of issued guaranties, term of validity and names of organizations, to secure whose liabilities the guaranties were issued.

2. Other essential information on the issuer activities, possible obligations, which may occur as a result of previously issued guarantees, signed agreements, legal actions and other events.

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Appendix 5.3



for financial statements submitted

1. Financial statements of a listed company (an organization – a candidate for listed company) submitted to the Exchange must be drawn up:

1) if the listed company (an organization – a candidate for listed company) is a legal entity, registered in compliance with the legislation of the Republic of Kazakhstan, – in compliance with requirements of the international financial reporting standards and the laws of the Republic of Kazakhstan on accounting and financial statements;

2) if the listed company (an organization – a candidate for listed company) is a legal entity, registered in compliance with the legislation of a country other than the Republic of Kazakhstan, – in compliance with requirements of the international financial reporting standards or those of the General Accepted Accounting Principles (US GAAP).

2. Financial statements of listed companies (organizations – candidates for listed companies) submitted to the Exchange, including consolidated financial statements, if the listed company (an organization – a candidate for listed company) has subsidiaries, must include:

1) the report on financial position as of the end of the reporting period's last day, which must contain the data on book value per share (common or preferred) as of the specified date, calculated in compliance with the Appendix 5.7 to these Rules;

2) the account of profit and loss and other total income for the period under review which must contain details of the basis income and diluted income per ordinary share as of the last date of the period under review (this sub-item was supplemented by a decision of the Exchange's Board of Directors dated November 7, 2018);

3) cash flow statement for the reporting period;

4) statement of changes in equity for the reporting period;

5) explanatory note on documents indicated in sub-items 1)–4) of this item.

3. If the listed company (an organization – a candidate for listed company) is a legal entity – a second tier bank, registered in compliance with the legislation of the Republic of Kazakhstan, the Exchange must be additionally provided with balance reports developed as of the end of the reporting period's last day:

1) on assets, liabilities and equity capital balance accounts;

2) on income and expenses balance accounts;

3) on off-balance accounts of contingent and possible claims and liabilities;

4) on off-balance accounts of a memorandum.

4. Financial statements of listed companies (organizations – candidates for listed company) submitted to the Exchange are developed for the following time periods (considering specifics, established by item 5 of this Appendix):

1) for completed fiscal years (annual financial statements) – from January 1 to December 31 of the completed fiscal year;

2) for the first quarter (interim financial statements for 3 months) – from January 1 to March 31;

3) for the second quarter (interim financial statements for 6 months) – from January 1 to June 30;

4) for the third quarter (interim financial statements for 9 months) – from January 1 to September 30.

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5. If the listed company (an organization – a candidate for listed company) is a legal entity, registered in compliance with the legislation of a country other than the Republic of Kazakhstan, which allows legal entities to use other time periods for financial statements development, then financial statements of such company (organization) submitted to the Exchange can be developed for other time periods, set forth by the listing agreement.

6. Financial statements of listed companies (organizations – candidates for listed companies) must be submitted to the Exchange in the following formats (taking into account particulars specified in item 7 of this Appendix):

1) in case of securities admission – in the hard-copy (as the original version, notarized by the admittance initiators) and in electronic form as .pdf and.xls (.xlsx) files;

2) in case of presence of securities in the Official List – in electronic form as .xls (.xlsx) files (this sub-item was changed by a decision of the Exchange's Board of Directors dated November 7, 2018).

7. Financial statements of listed companies (organizations – candidates for listed companies) submitted to the Exchange in electronic form as .pdf files, must be scanned copies of hard copies.

When securities are quoted in the Official List, financial statements of listed companies (organizations – candidates for listed companies) must be submitted to the Exchange via system is2in.

In the file names of financial statements of listed companies (organizations – candidates for listed companies) only Latin letters can be used, and the length of the file name (without taking account of the extension) must not exceed eight symbols.

When presenting financial statements of listed companies (organizations – candidates for listed companies) to the Exchange the use of generally used data compression programs is allowed.

When presenting financial statements of listed companies (organizations – candidates for listed companies) to the Exchange it is recommended to additionally present an accompanying text file containing a brief description of the contents of all attached files of such statements.

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Appendix 5.4



for the auditing of listed companies

and organizations – candidates for listed companies

1. For inclusion of securities in the Official List and their presence therein, those securities' issuer must be annually audited by one of the auditing organizations included in the list of auditing organizations approved by the Exchange (taking into account the particular aspects specified in item 4 of this appendix) (this item was changed by a decision of the Exchange's Board of Directors dated October 12, 2017).

2. If the auditor's report on the securities issuer's interim financial statements or the report on review of the securities issuer's interim financial statements need to be submitted to the Exchange, such auditor's report (review report) must be issued by one of the auditing organizations included in the list of auditing organizations approved by the Exchange (taking into account the particular aspect specified in item 4 of this appendix).

3. The list of auditing organizations approved by the Exchange is drawn up by the Exchange's body defined by the respective normative legal act of the Authorized Body, based on documents provided by the auditing organization.

4. In order for securities of an issuer incorporated in a country other than the Republic of Kazakhstan to be included in the Official List, and quotation of such securities in said list, the Exchange shall accept auditor's reports (reports on review of interim financial statements of the issuer of such securities) of the auditing firm whose auditor's reports are accepted by at least one foreign stock exchange being a full member of the World Federation of Exchanges, or by the Securities and Exchange Commission (SEC), or that auditing organization is accredited by the UK's Auditing Practices Board.

For inclusion in the Official List of securities listed on Astana International Exchange, according to the simplified procedure, the Exchange shall accept auditor's reports (reports on review of interim financial statements of the issuer of such securities) of the auditing firm, whose auditor's reports are accepted by Astana International Exchange ( this item was included by a decision of the Exchange's Board of Directors dated November 7, 2018).

If as of the date of submission to the Exchange of auditor's reports and reports on review of financial statements of the issuer the auditing organization is not in the list of auditing organizations approved by the Exchange, however as of the date of issue of those reports such auditing organization was in said list, the Exchange shall accept reports issued by it for purposes specified in these Rules ( this item was included by a decision of the Exchange's Board of Directors dated October 12, 2017).

5. The auditor's reports on securities issuers' financial statements and reports on review of securities issuers' interim financial statements are submitted to the Exchange in the following formats (taking into account particulars specified in item 6 of this Appendix):

1) in case of admission of securities – in hard copy (as the original version or copy, certified by these securities admittance initiator) and in the .pdf-format;

2) in case of presence of securities in the Official List – an electronic copy in the.pdf-format.

6. The auditor's reports on securities issuers' financial statements and reports on review of securities issuers' interim financial statements submitted to the Exchange in electronic form in the .pdf-format must be scanned copies of the originals of such auditor's reports (reports on review) on hard copies.

While securities are quoted in the Exchange's Official List, auditor's reports on securities issuers' financial statements and reports on review of securities issuers' interim financial statements are submitted to the Exchange via system is2in.

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7. Deadlines for presenting auditors' reports on annual financial statements of a listed company are specified in the listing agreement.

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Appendix 5.5


(This appendix was removed following a decision of the Exchange's Board of Directors dated March 14, 2018)

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Appendix 5.6


to the Chairman of the Management Board of Kazakhstan Stock Exchange JSC

A P P L I C A T I O N

for inclusion of securities in the "Commercial bonds" category of the

"Debt securities" sector of

the market [indicate the market] of the Official List of

Kazakhstan Stock Exchange JSC

(This heading was extended by a decision of the Exchange's Board of Directors dated October 12, 2017)

Hereby we kindly ask Kazakhstan Stock Exchange JSC (hereinafter – the Exchange) to consider the possibility of inclusion of bonds [full name of the issuer in accordance with the certificate of state registration (last state re-registration)] with the maturity of [indicate the maturity], ISIN – [12-digit number]) in sector "Debt securities" by category "Commercial bonds" of the market [indicate the market] of the Exchange's Official List ( this item was supplemented by a decision of the Exchange's Board of Directors dated October 12, 2017 and changed by a decision of the Exchange's Board of Directors dated March 19, 2019).

We inform you about the person (persons) that will interact with the Exchange on issues related to conclusion of said bonds in the Exchange's Official List:

[surname, name, patronymic, position occupied, telephone number, e-mail].

This application is accompanied by:

1) [name of document] on [indicate the number of pages];

2) [name of document] on [indicate the number of pages];

...

4) [name of document] on [indicate the number of pages].

[Executive] [surname, initials]

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Appendix 5.7


C A L C U L A T I O N

of the book value per share

1. In this Appendix for the book value calculation purposes:

1) preferred shares are conditionally subdivided into two groups:

– preferred shares of the first group – preferred shares that in compliance with their issuer's accounting policy are recognized in its financial statements as an equity instrument in its equity capital, or as a combined instrument – in the equity and liabilities;

– preferred shares of the second group – preferred shares that in compliance with their issuer's accounting policy are recognized as liabilities in its financial statements;

2) the number of common or preferred shares – the number of outstanding shares (issued and circulating) as of the calculation date. Shares bought back by the issuer are not taken into account in the calculation.

2. The last day of a period for which the statement on the issuer's financial condition was developed shall be taken as the calculation date.

3. The book value per share, calculated in compliance with this Appendix as of the date of development of the statement on the shares issuer's financial condition shall be specified in the mentioned statement.

4. The book value per common share is calculated according to the formula:

BVCS = NAV / NOCS, where

BVCS – book value per common share as of the calculation date;

NAV – net asset value for ordinary shares as of the calculation date;

NOCS – number of outstanding common shares as of the calculation date.

5. The net asset value for common shares is calculated according to the formula:

NAV = (TA – IA) – TL – PS, where

TA – total assets of the shares' issuer in the statement on its financial condition as of the calculation date;

IA – intangible assets in the statement on the shares issuer's financial condition as of the calculation date which the organization will not be able to sell to third parties for purposes of indemnification of paid cash funds or equivalents of cash funds and/or receipt of economic advantages;

TL – total liabilities in the statement on the shares issuer's financial condition as of the calculation date;

PS – preferred stock, the balance of account "shareholder capital, preferred stock" in the statement on the shares issuer's financial condition as of the calculation date.

6. The book value per preferred share of the first group is calculated according to the formula:

BVPS1 = (EPC + DCPS1) / NOPS1, where

BVPS1 – book value per preferred share of the first group as of the calculation date;

NOPS1 – number of outstanding preferred shares of the first group as of the calculation date;

EPC – equity with prior claims of the first group preferred shares holders as of the calculation date;

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DCPS1 – debt component of the first group preferred shares considered in liabilities.

7. Capital belonging to holders of the first group preferred shares is calculated according to the formula:

EPC = TDPS1 + PS, where:

TDPS1 – total dividends calculated but not paid on preferred shares of the first group (balance of the account "settlements with shareholders (dividends)") as of the calculation date. The calculation does not include dividends on preferred shares of the first group that were not paid as these shares issuer does not have actual data and their holders' bank details.

8. The book value per preferred share of the second group is calculated according to the formula:

BVPS2 = LPS / NOPS2, where

BVPS2 – book value per preferred share of the second group as of the calculation date;

NOPS2 – number of preferred shares of the second group as of the calculation date;

LPS – balance of the account on preferred shares recognized as liabilities in the statement on the shares issuer's financial condition as of the calculation date.

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Appendix 5.8


(This appendix was changed by a decision of the Exchange's Board of Directors dated February 26, 2020)


of the Exchange for disclosure of information in

the listed company's annual report (hereinafter – the Requirements)

1. General terms

The annual report is the most important document presented to investors which provides a balanced picture of the listed company's operations. At that, it must reflect not only the listed company's successes but also its failures, as well as consequences drawn based on results of the period under review and ensuing actions.

While preparing the annual report, it should be noted that a high-quality annual report of the listed company will enhance its standing and trust in relations with investors, and provide certain competitive advantages.

The method of delivery of information and its grouping, the key elements of design and structure of the annual report, are determined by the listed company itself, depending on the nature of its business, applied practices and standards of corporate governance, its capabilities and understanding of the annual report by the target audience. The procedure of presenting information in the annual report used in this Appendix, carries the character of a recommendation and is suggested as an essential procedure.

These Requirements provide general guidance on the preparation of the annual report, which are suitable for both joint stock companies and limited liability partnerships, and are intended for listed companies, regardless of their size, industry, or location.

The annual report can be used by various interested parties of the listed company, including its employees, representatives of government agencies, partners and suppliers, with the main emphasis on providing useful information to investors and shareholders (participants) of the listed company.

When preparing the annual report, listed companies can use, including and other similar requirements, for example, the methodology of the Global Reporting Initiative (GRI), as well as the Methodology developed by the Exchange for compiling a report on the criteria of environmental friendliness, social responsibility and corporate governance.

2. General principles of the annual report preparation

When preparing the annual report, listed companies are recommended to apply the following principles:

1) interaction with interested parties.

The listed company compiling the annual report should identify the interested parties (individuals and legal entities) on which the activities, products (products, services) of the listed company can have a significant impact, as well as companies or persons whose actions may affect the ability of the listed company to successfully implement its strategies and achieve its goals;

2) relevance.

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The annual report should include only relevant information for both the listed company and its interested parties. To determine the relevance of information of a listed company, it is necessary to use a combination of internal and external factors that have a significant impact on the activities of the listed company and its interested parties. The relevance of the information may depend on the geographical location of the listed company, its industrial sector, and the business model used.

The annual report must provide data on aspects that have a significant impact on the economy of the region in which the listed company operates, and the country as a whole, the environment and society, on the valuations and decisions of a listed company and its interested parties.

3) completeness.

The indicators and contents of the annual report should be sufficient to reflect the significant impact of the listed company on the economy, environment and society and provide interested parties with the opportunity to evaluate the performance of the listed company for the reporting period. Completeness includes three main dimensions – scope, boundaries and reporting timelines. The concept of completeness may also apply regarding information collection methods;

4) comparability.

Interested parties using the annual report should be able to compare the information presented on the economic, environmental and social performance of the listed company with results for previous periods, its goals, as well as with the results of activities of other organizations;

5) authenticity.

Information and processes used in the preparation of the annual report should be collected, documented, compiled, analyzed and disclosed in such a way that interested parties have the opportunity to verify the information contained in this report and assess the degree of authenticity of its content. Information can be expressed in qualitative descriptions and quantitative data;

6) timeliness.

The annual report should be provided promptly enough and regularly for interested parties to make informed decisions. The timeliness of the report refers both to the regularity of reporting, and to the period between the issuance of the annual report and the real events described in it;

7) clarity.

The information in the annual report should be presented in a clear form and accessible to interested parties, outlined in order to focus on the main points and ensure its readability.

To facilitate the perception of information, during the preparation of the annual report, it is recommended to use tables, graphs, charts, diagrams, as well as calculations and methods for determining quantitative indicators.

3. Requirements for contents of the annual report

The annual report should describe the general vision and strategy of the listed company for the short, medium and long run.

A listed company should adhere to the following approaches in determining the contents of the annual report:

– the wording of aspects relevant to the listed company and an assessment of their impact on its activities, products, services and relationships with interested parties;

– setting the limits of such an impact on the internal and external environment of a listed company;

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– prioritization of the identified aspects, depending on their materiality, in order to determine what needs to be included in the report, and the amount of information provided on them;

– disclosure of approaches to the management of significant aspects of a listed company's activities, as well as indicators related to them.

The annual report should disclose the activities and indicators of the listed company itself and any legal entity in which the organization owns 50 percent or more of the total number of shares issued or of the paid-in authorized capital of such a legal entity.

Quantitative results of operations should include data of controlled companies excluding minority interest. Information on affiliated but not included in the consolidation companies should be provided to the extent necessary to explain the strategy and performance of the listed company.

The information required for disclosure in the annual report may already be contained in other reports or documents prepared by the listed company compiled on a mandatory or voluntary basis. In this case, the listed company may, if desired, not provide information already disclosed in its annual report, and include in it a link to a previously posted document containing respective information.

If the information required for disclosure does not relate to the activities of the listed company and/or for any reason its disclosure is not possible, it will be sufficient to inform about this in the annual report.

The annual report should not contain confidential and insider information, as well as information constituting commercial and official secrets, or other information not subject to public distribution.

4. Presenting the annual report

The annual report can be presented to the Exchange by a listed company as part of an integrated annual report or as a separate document.

From the moment the annual report is submitted, such a report becomes public information. The Exchange publishes on its website the annual reports received from listed companies in the manner established by the Exchange's internal documents.

The Exchange also recommends that listed companies use their own methods of communication with investors and the public to disseminate the annual report.

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Chapter 2. OPERATIONS OF THE LISTED COMPANY

5. Message from the Management

It must contain a review of the most important events and results of the reporting year, by each business line, based on the predetermined goals and efforts aimed at their achievement; assessment of the performance; the next year's forecast results, including the results ensured by the progress achieved in the reporting year; an assessment of the potential for implementation of priority tasks in future.

6. Information about the listed company:

1) brief presentation of the listed company, including the listed company's background, information about its products/services, its mission, vision of its place and purpose in the industry;

2) subsidiaries and affiliates – the main indicators and results of operations for the reporting period, an assessment of their contribution to the total result of the reporting year are indicated;

3) production structure – describes the main directions of the operating activities of the listed company, the main divisions involved in operating activities, their interaction schemes and the basic principles of their management, as well as changes that occurred during the reporting year;

4) if the listed company is a mining company, in addition to information related to the extraction and processing of natural resources, it is necessary to disclose information on reserves of developed deposits, their locations, plans and measures for the development and expansion of the natural resources base. If individual objects of natural resources are especially significant for the entire industry, it is necessary to provide more detailed information about these objects, including appropriate maps.

7. Main events of the reporting year

Description of important events in the activities of the listed company for the reporting year (favorable and unfavorable) and their impact on the performance of the listed company in the reporting year; results of the implementation of the priority tasks set for this period, their impact on the results of the reporting year and the future; explanation of the reasons due to which no tasks were performed; information on the achievements and failures of the listed company in the reporting year.

8. Operating activities:

1) analysis of the main markets in which the listed company operates. Macro- and microeconomic changes that occurred in the reporting year, their impact on the operating results of the listed company;

2) market share, marketing and sales. Comparison of results with competitors, the existence and scale of competition. Strengths and weaknesses of the listed company compared to its competitors;

3) information on products (products, services), changes in products (products, services) for the reporting period, sales and pricing policies. It should also disclose information on products (products, services), which account for 10 or more percent of total comprehensive income for the analyzed period. If information about plans regarding a new product (product, service) was published previously, it is necessary to disclose the current status of this production (product, service);

4) business strategy. The listed company's development prospects for the next three years should be objectively disclosed, taking into account the ambiguities and opportunities that the listed company currently sees on the market, using, if necessary, statistical data, such as brief reviews analyzing its sector of activity, key indicators of the listed company's performance and performance reports.

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9. Financial and economic indicators

1) analysis of factors that caused the discrepancy between planned and actual result;

2) analysis of financial results for the reporting year and their comparison at least with the results obtained for the previous two years;

3) analysis of financial condition. You should also assess the changes in key indicators (profit, return on invested capital, profitability, costs) for at least the last three years, describe the effect of the amount of profit on the structure of assets, capital, liquidity, debt. In the analysis of profit and profitability, attention should be paid not only to the revenue side of the budget, but also to the expense side, to disclose the cost optimization policy.

Chapter 3. RISKS

10. Main risks

A description of the risks (external, legislative, regional, market, financial, operational, strategic, investment, corporate governance, etc.) inherent in the activities of the listed company and measures to manage them are provided. Particular attention should be paid to the specific risks inherent to the activities of the listed company and its industry (unusual competitive conditions, the upcoming expiration of licenses and/or contracts, the unstable financial position of the listed company, dependence on suppliers and/or consumers), risks associated with liquidity of securities of the listed company or legislative restriction of the circle of potential investors.

Disclosure on this issue should be clear and consistent. It is not necessary to consider risks for all similar companies and their securities. The analysis and related disclosures should address how such risks could affect the listed company itself and its securities.

11. Risk management system

A description must be made of the risk management system used by the listed company.

Chapter 4. SOCIAL RESPONSIBILITY

12. With regard to social responsibility the annual report should disclose the information specified in this chapter applicable to the scope of the listed company's operations in the reporting period.

13. Employment

The total number of employees of the organization as of the reporting date is indicated broken down by age group, gender and geographic region, including the percentage of employees hired in the reporting year. The turnover of personnel and its cause are described. It is necessary to inform whether the listed company provides a social package to its employees, if it does, what it includes, whether this package applies to employees hired on a temporary or part-time basis. The total number of employees taking a vacation is also indicated and those who returned from maternity/paternity leave in the reporting year, disaggregated by sex. Information should be provided on the minimum period for notifying an employee of a listed company of significant changes relating to its activities.

It is necessary to provide information on the policy of the listed company in the field of personnel and professional training, existing social guarantees, remuneration and growth rates, employee motivation, relations with trade unions.

14. Workplace Health and Safety

Data on the types of injuries sustained by the organization’s employees in the reporting year, the coefficient of frequency of injuries with temporary disability (LTIFR), the coefficient of frequency of accidents (LTAFR), the coefficient of severity of accidents, the frequency of fatal injuries, the coefficient of occupational morbidity, the coefficient of lost days, are presented. absenteeism

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rate, number of fatal accidents that occurred at the listed company's production, including among independent cores operating at the listed company's facilities, by region and gender. Information should be provided on the system of rules used in the registration of industrial accidents and the formation of relevant reports, including information on fire safety. You must also indicate whether the listed company has activities that are potentially associated with high injuries or a high risk of certain diseases. Do formal agreements with unions affect health and security. Information on cases of various fires that occurred the listing company in the reporting year, the regularity of safety training, the availability of fire extinguishing means and their types.

15. Training and education

The average number of training hours per employee of the listed company during the reporting year is broken down by gender and categories of employees. Information is disclosed on the availability in the listed company of professional development programs for employees, their types and nature, as well as programs to help employees who have completed their activities in the listed company as a result of retirement or termination of work. The percentage of all employees of the listed company is shown, broken down by gender and categories of employees who underwent an official performance assessment during the reporting year.

16. Diversity and equal opportunities

The percentage (in percent) of the total number of employees of the listed company belonging to various categories is indicated, such as: gender; age groups: up to 30 years old, 30-50 years old, over 50 years old; other signs of diversity. Information should be provided on the ratio of the base rate of remuneration of women to the base rate of remuneration of men for each category of employees of the listed company, by region of activity. Data are provided on the total number of cases of discrimination against employees of the listed company during the reporting year, the status of these cases and the actions taken.

17. The practice of labor relations

The total number of complaints filed with the listed company in the reporting year for violation of labor relations, the status of such complaints, as well as a brief description of the complaints system existing in the listed company are indicated. The total number of training hours and the percentage of employees must be presented, who underwent training during the reporting period, in policies or procedures related to aspects of human rights that are relevant to the activities of a listed company. The divisions of the listing company and its suppliers are indicated, which have a significant risk of using child and forced labor, and young workers to perform dangerous work.

18. Sponsorship and charity

The information on the participation of the listed company in charity is indicated and social projects and events in the reporting year, as well as if sponsorship was provided..

19. Countering corruption

Information is disclosed on the listed company's internal policies and anti-corruption practices. It is necessary to provide information on the identified risks for the listed company related to corruption. The total number and percentage of divisions of the listed company for which corruption risk assessments were carried out should be indicated; total number of employees by region and category of employees who were informed and were trained in anti-corruption policies and methods. Provide also the total number and nature of confirmed cases of corruption, measures taken against the listing company and its employees during the reporting year due to corruption-related violations.

20. Compliance with legal requirements

Data on circumstances, the total amount of significant fines is provided. and the number of non-financial sanctions, including limited sanctions applied to the listed company for violations of the law. It is necessary to indicate, including the total number of cases that occurred during the reporting year related to obstacles to competition and violation of antitrust laws, as well as the main results of such proceedings.

21. Responsibility for products

The total number of cases when the listed company does not comply with the requirements of the legislation and codes regarding the impact of products (products, services rendered) on

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health and safety, regarding information and markings on the properties of products (products, services rendered), in relation to marketing communications, including advertising, promotion and sponsorship for the reporting year, broken down into cases that led to a fine or penalty, to a warning. You must indicate whether the listed company sells products that are prohibited in certain markets, raise questions from interested parties or are the subject of public discussion, and indicate how the listed company answers questions or concerns about these products. Data on cases of recall of defective products (products) of a listed company in the reporting year are given.

Chapter 5. ECO-FRIENDLINESS

22. The environmental part of the report should disclose the information provided in this chapter, applicable to the scope of the listed company's activities.

23. Materials used

Information is reported on the implementation by the listed company of an environmentally hazardous type of economic and other activity, the possession of the right to special nature use. Information is also provided on the total mass or volume of materials in the relevant (generally accepted) units of measure, spent by the listed company in the reporting year in the production and packaging of main products (products, services rendered) from non-renewable and renewable materials, the share of use of secondary raw materials, as well as hazardous materials, indicating their hazard class and appropriate measures taken by the organization to properly handle them and possible replacement / reduction of hazard class.

24. Products & services

Quantitative data are disclosed on the degree of decrease or increase in the environmental impact of products (products, services rendered) by the listed company in the reporting year and environmental aspects in the design process. It is necessary to indicate the percentage of products (products) and its packaging materials accepted for disposal for each product category, as well as the percentage of products (products) made from recycled or renewable materials. The listed company should inform whether its products (products) are ecologically labeled.

25. Waste management

Information is provided on the total weight in the respective (generally accepted) units of measurement of hazardous and non-hazardous waste available to the listed company, indicating their classification, as well as methods and methods for their disposal (disposal, disposal, disposal) in the reporting year. Information should be disclosed on the total weight in the respective (generally accepted) units of measure of the listed company transported, imported, exported, processed hazardous waste and the percentage of their domestic and international traffic.

26. Water consumption

The total volume of water is indicated in the relevant (generally accepted) units of measurement, which was used by the listed company for the main activity for the reporting year by type of source, such as: surface water, groundwater, rainwater collected and stored by the organization, wastewater of another organization, municipal and other water supply systems. It is necessary to describe whether this consumption by the listed company has a significant impact on the source of water, the biological diversity in which the source is located, indicate whether the source of water is classified as a state nature reserve fund, its value and importance for the local population. Information should be disclosed on the total volume of water in the relevant (generally accepted) units of measurement, which is reused by the listed company, and its share in the total consumption of the organization, and also calculate the indicator of production water efficiency (volume of water used per unit of output).

27. Energy consumption and energy efficiency

Information is disclosed on the total energy consumption of the listed company in the reporting year, by type of energy used, from non-renewable and renewable sources in appropriate (generally accepted) units of measure, as well as the total reduction in energy consumption in the reporting year, which the listed company managed to achieve as initiatives to save energy and

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improve energy efficiency. An indicator of energy efficiency of production (consumption of energy resources per unit of output) is provided.

28. Accidental and irregular discharges of pollutants

Indicate the total quantity and total volume in the respective (generally accepted) units of measurement of the recorded discharges of pollutants that occurred in the reporting year due to actions/omissions by the listed company. It is necessary to provide information about the place of discharge and its status, the characteristics of the discharged substance (oil, fuel, waste, chemicals, other substances), the environmental impact of such a discharge, methods and methods for eliminating its consequences.

29. Wastewater discharges

The total volume of planned and unscheduled wastewater discharge by the listed company in the respective (generally accepted) units of measure for the reporting year is provided indicating the place of water discharge, quality, method(s) of wastewater treatment. Information is disclosed on water objects and their associated habitats that are significantly affected by wastewater discharges by the listed company, indicating their geographic location, area, status and importance for biological diversity.

30. Emissions of greenhouse gases and other pollutants into the atmosphere

The total volume of direct and indirect emissions of greenhouse gases and other pollutants into the atmosphere is indicated in the respective (generally accepted) units of measure made by the listed company in the reporting year, their types and intensity, permitted limits and their excess (if any) in the reporting year). Information should be disclosed on measures taken by the listing company to reduce emissions and the amount of their reduction in appropriate (generally accepted) units of measurement, as well as a methodology for calculating these indicators.

31. Environmental protection

Provides information on total costs forwarded by the listed company in the reporting year, on environmental protection, with a breakdown by costs of waste disposal, cleaning of emissions, elimination of environmental damage, and costs of preventing negative environmental impacts. You must indicate whether the listed company uses suppliers that have a significant actual and potential negative impact on the environment, their number and percentage of the total number of suppliers, the nature of such impact. Measures may be provided to reduce the negative effects of the listed company on the environment and measures to improve its quality. It should be reported whether the listed company carries out environmental monitoring of the objects and territories in which it operates, and whether the listed company has implemented any environmental management systems, including an emergency response plan, a pollution prevention policy and a management plan for these situations. It is necessary to outline the measures that are used by the listed company to prevent or adapt the consequences of climate change affecting the organization's ability to work profitably or the quality of its products and/or services.

32. Biological diversity

An objective characteristic of the impact of the listed company in the production of its products (products, services) on the biological diversity of the territories in which it operates is presented, indicating significant direct, indirect and cumulative, positive and negative impacts on the living environment of the plant and animal worlds. It is required to indicate the geographical location and status of the territories in which the listing company operates, the number of species of animal and plant worlds located in them, including those included in international and national books of protected species, the level of risk of their extinction from the impact of the organization.

33. Compliance with environmental requirements

The information on the compliance of the listed company with environmental legislation, the total amount of fines imposed and the number of cases of non-financial sanctions, including limited sanctions applied to the listed company in the reporting year for violation of environmental requirements, the number of complaints filed with the listed company in the reporting year for environmental impact, the nature of such violations, sanctions and complaints, information about their settlement. It should be indicated whether the listed company has violated the standards for maximum permissible emissions, discharges of pollutants, the standards for the disposal of

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production and consumption wastes that occurred in the reporting year, their nature and main reasons. It is necessary to provide information on the latest environmental audit in the listed company and the main conclusions that were drawn from the results of the mandatory environmental audit.

Chapter 6. CORPORATE GOVERNANCE

34. The annual report on corporate governance should disclose the information specified in this chapter applicable to the scope of the listed company in the reporting period.

35. The listed company's corporate governance system

The corporate governance system of the listed company and its principles are described.

It describes the systems operating in the listed company that ensure compliance with the code of ethics for the listed company and/or corporate ethics.

A report is submitted on the compliance of the listed company with the provisions of the corporate governance code of the listed company (if any) and/or information on inconsistencies that occurred and/or measures taken to comply with it in the reporting year.

36. The listed company's corporate governance structure

A complete description of the structure of the listed company's bodies and their competencies is provided in accordance with the law, the charter, other documents. The names of all the committees of the board of directors (supervisory board) of the listed company, their functions, tasks and competences, the number of meetings held and their main results, key issues considered by the committees in the reporting year are indicated.

37. The board of directors (supervisory board) of a listed company:

1) information on the members of the board of directors (supervisory board).

The surname, first name, middle name (if any), the year of birth of each member of the board of directors (supervisory board) of the listed company, including the chairman of the board of directors (supervisory board) and independent directors are disclosed; the position held by each member of the board of directors (supervisory board) for the past three years and at present, including part-time;

in chronological order indicating the scope of activity, as well as information on the number of shares owned by them (stakes in the authorized capital) of the listed company and/or its subsidiaries and affiliates, participation in committees of the board of directors (supervisory board), functional powers and responsibilities.

The biographical data of each member of the board of directors (supervisory board) of the listed company, information on the knowledge and experience gained by him should be disclosed.

Data on the number of meetings of the board of directors (supervisory board) and their main results, key issues considered by the board of directors in the reporting year are given;

2) nomination of candidates.

The procedure for the nomination and selection of candidates for members of the board of directors (supervisory board) of the listed company, its committees, as well as the criteria used in the nomination and selection taking into account diversity factors, including but not limited to gender diversity, independence, professional qualifications and experience. The procedures used by the board of directors (supervisory board) to prevent conflicts of interest and manage them should be presented;

3) performance appraisal.

Disclosed information on the role of the board of directors (supervisory board) in analyzing the effectiveness of the methods used by the listed company to manage risks associated with economic, environmental, and social issues and corporate governance issues. Provide information on the procedure for evaluating the activities of the board of directors

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(supervisory board), as well as indicate whether such an assessment is independent and how often it is carried out;

4) reporting of problems.

Information on the procedure of informing the board of directors (supervisory board) about the occurrence of critical financial and non-financial problems in the listed company and the number of problems submitted to the board of directors (supervisory board) in the reporting year are provided.

38. Collegial or sole executive body of the organization

The surname, first name, patronymic (if any), the year of birth of each member of the collegial executive body of the listed company (person acting as the sole executive body of the listed company) are disclosed; position held by each member of the executive body (person acting as the sole executive body of the listed company) for the past three years and at present, including concurrently, in chronological order indicating the scope of activity, as well as information on the number of shares owned by them (stakes in the authorized capital) of the listed company and / or its subsidiaries and affiliates, participation in committees of the board of directors (supervisory board), functional powers and responsibilities.

Data on the number of meetings of the executive body and their main results in the reporting year are provided.

39. The listed company's organizational structure

Structural units, branches, representative offices of the organization, the number of employees in the organization are indicated. The average number of employees of the organization, including employees of its branches and representative offices, as well as the composition of gender diversity. Information about the heads of key divisions of the listed company.

40. Remuneration information

Information is disclosed on the total amount of salaries and all types of cash incentives paid to each member of the Board of Directors (supervisory board) and the executive body of the listed company for the reporting year

9 (this item was changed by a decision of the Exchange's Board of

Directors dated May 27, 2020).

41. Shareholders (partners) of the listed company:

1) for a listed company – a joint-stock company.

Information is provided on the number of authorized and issued shares of the listed company, indicating their type (class), the number of shares held in free float; the composition of shareholders holding shares of the listed company in the amount (amount) of five or more percent of the total number of issued shares as of the reporting date.

Information on all material transactions with the listed company's shares in the reporting period and changes that occurred in the composition of shareholders holding shares in the amount (amount) of five or more percent of the total number of shares issued in the reporting period.

Information on all transactions that took place in the reporting period, on the initial public offering of shares, repurchase by the listed company of its own shares and their subsequent resale, indicating the volume of transactions in quantitative and monetary terms, the offering and repurchase price, name of the buyer and/or seller of shares and his location (if such information is known to the listed company).

Information about stock options and agreements covering indirect or implied property;

9 At the request of the listed company, information may be disclosed on the total amount of salaries and all

types of cash incentives paid to each member of the Board of Directors (supervisory board) and the executive body of the listed company for the reporting year, and criteria for their determination, on remuneration policies, as well as the amount accumulated by the listed company to provide them with pension benefits, if this is stipulated (the numbering and text of this footnote were changed by a decision of the Exchange's Board of Directors dated May 27, 2020).

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2) for a listed company – a limited liability partnership.

Information is provided on all material transactions with stakes in the authorized capital of the listed company in the reporting period and changes that occurred in the composition of the partners of the listed company for the reporting period; the composition of partners owning a stake in the listed company in the amount (amount) of five or more percent of the paid-in authorized capital as of the reporting date.

42. Subsidiaries and affiliates

Information is indicated on companies whose shares (stakes in which) the listed company owns in an amount of five or more percent of the total number of issued shares (paid-in authorized capital). Information must contain the full name of the company, its legal and actual addresses (location), the number (amount) of shares (stakes in the authorized capital) owned by the listed company, the type of activity of this company, information about its first manager, the amount of investments directed by the listed company in the reporting year.

43. Dividend information

The basic principles of the dividend policy of a listed company, information on dividends paid or reasons for not paying them for the last three years, current value of shares, earnings per share, book value of one share are indicated.

44. Rights of minority shareholders

Information is provided on the rights of minority shareholders of the listed company in the processes of nominating candidates to the board of directors, changing control over the listed company and concluding major transactions, the general system of interaction with minority shareholders.

45. Information on major transactions

Information on the listed company's major transactions in the reporting year is provided, including the date of the transaction, the subject and name of the parties to the transaction.

46. Information policy

Information on the information policy in relation to shareholders (founders), existing and potential investors, its basic principles is provided.

47. Risk management

The process of risk management is disclosed: identification of risks, their monitoring and control, risk assessment. Information is provided on the role of the board of directors (supervisory board) in monitoring the risk management process and in determining the risk appetite of the listed company.

48. Internal control and audit

Information is provided on the key risks identified by the results of internal checks, audits, and significant problems related to the activities of the listed company. Information on measures taken to minimize these risks and problems is indicated.

The company's procedures for compliance control should be described, including staff training, audit and monitoring systems, the listed company's hotline for reporting violations, instructions for resolving conflicts of interest, and sanctions and disciplinary measures in case the listed company violates legal requirements.

The scope of internal control is described, including: forms of control over financial accounting and reporting; forms of operational control, including risks of stability and interest of the parties; compliance control forms. It is also necessary to consider the role of the board of directors (supervisory board) and/or the respective committee and executive body of the listed company in the internal control system, including information on the identification and independence of the external auditors of the listed company.

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49. Interaction with interested parties

The policy and strategy of the listed company on interaction with stakeholders are described, the principles of identifying and selecting interested parties for interaction, as well as the names of the most significant such parties (for example: the local population, which was directly influenced by the listed company; customers and regulatory authorities; employees, contractors and suppliers), are indicated.

The employees and/or senior management of the listed company who are authorized and responsible for interaction with interested parties are indicated, the role of the board of directors (supervisory board) for the supervision of the listed company of the interested party interaction process is outlined.

The mechanisms of receiving questions and/or complaints from interested parties by the listed company and the procedure for timely response to them, including complaints mechanisms and external communication mechanisms, are described.

Chapter 7. ADDITIONAL INFORMATION

50. Financial statements

Report of the independent auditor on the financial statements of the listed company for the reporting year and these financial statements.

51. Contents

A table of contents is necessary for easy reference to the annual report. It is desirable that it be detailed enough.

52. Glossary

For the convenience of users in the glossary, attention should be paid to the designations (including abbreviations), abbreviations, units of measure, financial terms.

53. Information for investors

It should include detailed contacts of services and responsible persons for work with investors and shareholders, separately – details of the auditor and registrar of the listed company.

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Appendix 5.9



of the Exchange for the Competent person

1. A Competent person, also an independent Competent person entitled to prepare public reports on mineral resources or oil and gas, must meet the following requirements:

1) must be a professional in the field of geology and mining or in the field of geology, oil and gas;

2) (if the shares issuer is a subsoil user in the field of mineral resources) must be a member or full member of a recognized professional organization, including mutually recognized international professional organizations which in their operation comply with the CRIRSCO standards and provide for disciplinary procedures, ensuring the possibility of suspending or stripping of the membership;

3) (if the shares issuer is a subsoil user in the field of oil and gas) must be a member of a professional organization of engineers, geologists or other similar sciences, whose professional activities include operation of oil reserves, contingent and prospective resources, their appraisal and/or auditing and are based on standards of geological reporting on oil and gas;

4) have work experience of not less than five years on facilities of the same geological-industrial types of fields/types of mineralization and on the same profile of work which he is about to carry out;

5) at being drawn to assessments of results of geological surveys – must have respective experience in that particular field;

6) at being drawn to assessment of mineral resources or oil and gas (to surveillance of such assessment) – must have practical experience particularly in the field of preliminary and detailed geological-economic assessment of mineral resources or oil and gas;

7) at being drawn to assessment of mineral resources or oil and gas (to surveillance of such assessment) – his qualification, apart from the geological-economic assessment of fields, must encompass issues of assessment of the economic efficiency of production of mineral raw materials or oil and gas (stocks) and development of useful minerals fields.

2. In addition to the experience of geological surveys in the fields of various geological-industrial type the Competent person taking on responsibility for assessment of results of geological surveys, as well as resources and deposits of minerals or oil and gas, must have practical experience in trial of exploring mines and analytical research being carried out on that type of field (and similar types of fields), since the Competent person must know the character of troubles affecting the reliability of received results. In addition, he must have certain ideas of the methods of production and processing of the useful resource of that type.

3. The Competent person must be absolutely confident in his ability to discuss his work with colleagues, equal to him by the status, and demonstrate to them his competency in respective kinds of useful fossils, types of fields and situation on particular sites. In case of doubts a Competent person must use services of consultants that have work experience and good reputation as experts in respective areas, or reject the proposal to act as a Competent person.

4. The Competent person must take on the general responsibility for the assessment of results of geological services, as well as resources and deposits of minerals or oil and gas, as well as for the quality of all base documentation, prepared completely or partially by other members of his "team", must be satisfied by results of done collective work and must consider the contribution of his partners as acceptable.