OREANDA-NEWS. The Company nominates Mr. Magzum Kassymbekov to be appointed as an additional member of the Board of Directors of the Company. The Company confirms that Mr. Kassymbekov is qualified under Kazakhstani law to be an independent director of the Company for the purposes of the applicable provisions of the Joint Stock Companies Law of the Republic of Kazakhstan.

Mr. Kassymbekov graduated in engineering from the Moscow Technology Institute of Common Servicing and in economics from the Russian Institute of External Economics (Moscow). In the 1990's he worked as a financial officer for a number of non-for-profit organisations based in Moscow. Mr. Kassymbekov has significant banking experience working since 2002 for the South Kazakhstan's regional branches of Bank Caspian, Temirbank and Alliance Bank. His responsibilities included overseeing and controlling the banks' collateral, controlling the recovered property and managing the mini-branch within those regional branches.

Paragraph (e)(iii) of Schedule 10 (Conditions Precedent to the Restructuring Becoming Effective) to the Information Memorandum requires the Company to provide evidence that a meeting of the Company's shareholders has been convened to consider and, if though fit, approve, inter alia, a resolution approving the appointment by the Company of an additional member of the Board of Directors who is qualified under Kazakhstani law to be an independent director of the Company.

Resolution 10 contained in the Form of Shareholders' Resolution set out in Schedule 8 to the Information Memorandum contemplates that the Board of Directors will nominate an individual for the role of independent director, such nominee to be approved by the Company's shareholders (including the depositary for the GDRs on behalf of the GDR holders) at a shareholders' meeting to take place as soon as practicable after the Completion Date.