«KazTransOil» JSC held the Annual General Meeting of Shareholders

On May 28, 2014, «KazTransOil» JSC conducted the Annual General Meeting of Shareholders, at which a number of important decisions for the Company has been adopted. The Annual General Meeting of Shareholders approved «KazTransOil» JSC Annual Financial Statements and Consolidated Annual Financial Statements for 2013, the Annual Report for 2013, the Board of Directors annual report for 2013 and other documents. The Annual General Meeting of Shareholders approved the distribution of the Company 2013 net profit and the payment of dividends on common shares. The dividend for 2013 was approved at KZT 109 per one common share of JSC «KazTransOil» (including taxes withheld in accordance with the laws of the Republic of Kazakhstan), which provides 15% yield to the placement price. Total amount of KZT 41,925,280,291 is to be sent for dividends, which is 66% of the Company's consolidated net profit for 2013. The record date of shareholders entitled to dividends for 2013 is June 13, 2014, 00:00 AM. The dividends payment will start on July 3, 2014. The Annual General Meeting of Shareholders approved the early termination of the powers of Company's Board of Directors and elected new Board of Directors with the term of office of three years. The new Board of Directors is composed of six persons, including:

1) Kassymbek Ardak, the representative of «KazMunayGas» NC» JSC; 2) Mukushov Ardak, the representative of «KazMunayGas» NC» JSC; 3) Kabyldin Kairgeldy, the General Director (Chair of the Management Board) of «KazTransOil» JSC; 4) Daniel Mihalik, the independent director; 5) Moustafa Habib, the independent director; 6) Primbetov Serik, the independent director.

Kassymbek Ardak was elected as the Chair of the Board of Directors of «KazTransOil» JSC. The Annual General Meeting of Shareholders approved the changes and amendments to the Charter of «KazTransOil» JSC, approved the Regulations on General Meeting of Shareholders of «KazTransOil» JSC and the Regulations on Board of Directors of «KazTransOil» JSC in a new edition. «KazTransOil» JSC is the national operator on the main oil pipeline and the largest oil transportation company of the Republic of Kazakhstan, which owns a diversified network of main oil and water pipelines with total length of 7600 km. The common shares of «KazTransOil» JSC were listed on the Kazakhstan Stock Exchange. The results of the People’s IPO in November-December 2012 say that 33,989 citizens of the Republic of Kazakhstan and 10 accumulative pension funds became shareholders of «KazTransOil» JSC. The trading volume of stock of «KazTransOil» JSC is consistently more than 30% of the trading volume at KASE. The market value of shares has increased by more than 60% since placing.

Contact information

«KazTransOil» JSC

IR Service Chief, tel.: (+7 7172 555 049) Massalin Almaz Corporate Secretary, tel.: (+7 7172 555 034) Maikenov Arman Press-Service Chief, tel.: (+7 7172 555 135) Samakova Raissa

Paying agent (only for shares in nominee holding of «Central Securities Depository» JSC)

«Central Securities Depository» JSC 28, Samal-1 microd. Almaty, 050051, Republic of Kazakhstan Tel.: +7 727 262 03 09, +7 727 262 04 02, +7 727 262 06 22, +7 727 262 11 01, +7 727 262 12 23, +7 727 262 1404.