Resolution of the Holding’s Board of Directors No. 09/17 of October 18, 2017

Content of issue (issues), included on the agenda of the meeting of the Board of Directors, information on which is brought to the attention of shareholders and investors in accordance with internal documents of the joint stock company: On the placement of 10 000 000 ordinary shares within a number of announced common shares of «National Managing Holding «Baiterek» Joint Stock Company, as well as the method and price of placement;

Resolution (resolutions), adopted by the Board of Directors on the issue (issues), specified in subsection 2) of the present section: To place 10 000 000 (ten million) ordinary shares within a number of announced common shares of JSC «NMH «Baiterek» in the amount of 1 000 (one thousand) tenge per share for 10 000 000 000 (ten billion) tenge through realization of the right of refusal by the Sole Shareholder of JSC «NMH «Baiterek» for the subsequent increase of authorized capital of «Housing Construction Guarantee Fund» Joint Stock Company.