Results absentee meeting of the general meeting of bondholders , issued by Baiterek NMH JSC

Date: February 28, 2022

Place of connection: Republic of Kazakhstan, Z 05 T 3 E 2, Nur -Sultan city , Yesil district, Mangilik El avenue, building 55A

Date of ballot submission: February 25, 2022

Date of counting votes for the absentee meeting: February 28, 2022

Number of holders :

Agenda:

The meeting was convened in accordance with the decision of the Board of Baiterek NMH JSC dated January 26, 2022 (Minutes No. 04/22) with the following agenda:

1) on making changes to the prospectus of the first issue of bonds within the first bond program of Baiterek NMH JSC;

2) on making changes to the prospectus of the second bond issue within the first bond program of Baiterek NMH JSC;

3) on making changes to the prospectus of the third issue of bonds within the first bond program of Baiterek NMH JSC;

4) on making changes to the prospectus of the fifth issue of bonds of Baiterek NMH JSC.

Solutions:

1.   Include in the prospectus of the first bond issue within the first bond program of the joint-stock company "National Management Holding " Baiterek " next change:

the first paragraph of sub-clause 13) of clause 3 of the prospectus shall be stated as follows:

“The intended purpose of the bonded loan is to provide a loan to Kazakhstan Housing Company JSC in order to finance the construction of residential real estate and a shopping and entertainment center on the territory of the International Specialized Exhibition EXPO-2017 in Nur -Sultan, as well as to finance JSC Kazakhstan Housing Housing construction company until the end of the loan term.

2.   Introduce the following amendment to the prospectus of the second bond issue within the first bond program of Baiterek National Managing Holding Joint-Stock Company :

         the first paragraph of sub-clause 13) of clause 3 of the prospectus shall be stated as follows:

         “The intended purpose of the bonded loan is to provide a loan to Kazakhstan Housing Company JSC in order to finance the construction of residential real estate and a shopping and entertainment center on the territory of the International Specialized Exhibition EXPO-2017 in Nur -Sultan, as well as to finance JSC Kazakhstan Housing Housing construction company until the end of the loan term.

3.   Include in the prospectus of the third bond issue within the first bond program of the joint-stock company "National Management Holding" Baiterek " next change:

the first paragraph of sub-clause 13) of clause 3 of the prospectus shall be stated as follows:

“The intended purpose of the bonded loan is to provide a loan to Kazakhstan Housing Company JSC in order to finance the construction of residential real estate and a shopping and entertainment center on the territory of the International Specialized Exhibition EXPO-2017 in Nur -Sultan, as well as to finance JSC Kazakhstan Housing Housing construction company until the end of the loan term.

4.   Introduce the following amendments to the prospectus of the fifth issue of bonds of the Baiterek National Management Holding Joint-Stock Company :

subparagraph 1) of paragraph 51 of the prospectus shall be stated as follows:

“180,000,000,000 (one hundred and eighty billion) tenge to be provided to Kazakhstan Housing Company JSC for the construction and / or purchase of housing, the purchase of debt securities of local executive bodies of the cities of Nur-Sultan, Almaty, Shymkent, regions issued for the purposes of construction and / or buying a home.

Since 2017, uncontracted funds in the amount of 17.4 billion tenge, as well as repaid funds from the sale of housing, have been directed for 19 years with a turnover through Kazakhstan Housing Company JSC to buy back debt securities of local executive bodies of the cities of Nur-Sultan, Almaty, Shymkent, regions with the right of Kazakhstan Housing Company JSC to mix funds allocated from the National Fund of the Republic of Kazakhstan with funds raised on market conditions, issued for the construction and / or purchase of housing.

Mixing parameters are determined by the decision of the Council for Management of the National Fund of the Republic of Kazakhstan.

Since 2018, the repaid funds from the sale of housing have been reinvested to provide a loan in the amount of up to 20 billion tenge to an authorized organization of the local executive body of the city of Nur-Sultan through Kazakhstan Housing Company JSC.