Kazatomprom S Regulatory News (KAP)

AIX: KAP, KAP.Y (GDR)

LSE: KAP (GDR)

Currency: KZT (₸) unless otherwise noted

21 June, 2023, Astana, Kazakhstan

Voting results of the Extraordinary General Meeting of Shareholders

National Atomic Company Kazatomprom JSC (hereinafter referred to as "Kazatomprom" or the "Company") announces the results of voting on each issue on the agenda of the extraordinary General Meeting of Shareholders (hereinafter referred to as the "EGM"), which was held on June 21, 2023 at 10:30 local time (GMT+6) at: 3rd floor, building 17/12, Syganak Street, Nura district, Astana, Republic of Kazakhstan, Z05T1X3.

At the time of the EGM, the total number of outstanding shares was 259,356,608. According to the list of shareholders as of June 01, 2023, as well as information about the owners of shares in nominal holding owned by shareholders, the total number of voting shares of the Company amounted to 219,719,594. Shareholders and their authorized representatives holding a total of 218,068,607 ordinary shares, which is 99.25% of the total voting shares of the Company, voted at the EGM.

Shareholders voted and decisions were made on each issue on the agenda of the EGM.

On composition of the Board of Directors of NAC Kazatomprom JSC

Due to the expiration of the term of office of the current Board of Directors of the Company, by the decision of the EGM, a new Board of Directors of the Company was elected in the amount of 8 people, taking into account a vacant position for a potential independent director, with a 3-year term of office, as follows:

1) Arman Anuarbekovich Argingazin - Independent director;

2) Armanbay Saparbayevich Zhubayev - Independent director;

3) Nodir Sidikov - Independent director;

4) Yernat Kudaibergenovich Berdigulov - Representative of Samruk-Kazyna JSC;

5) Yernar Beisenuly Zhanadil - Representative of Samruk-Kazyna JSC;

6) Yelzhas Muratovich Otynshiyev - Representative of Samruk-Kazyna JSC;

7) Yerzhan Zhanabilovich Mukanov - Chairman of the Management Board of NAC Kazatomprom JSC.

The new composition of the Board of Directors includes two new Independent directors - Arman Argingazin and Nodir Sidikov, who meet all the criteria for independent members of the Board of Directors and have the relevant professional knowledge, skills and experience required for the Board of Directors to perform its functions.

Arman Argingazin was elected as the Chairman of the Board of Directors of the Company. Mr. Argingazin has more than 20 years of experience in international banking structures in Kazakhstan and was the Head of the Metals and Mining at ABN Amro in Kazakhstan.

Nodir Sidikov is a citizen of the UK and has over 15 years of experience in an international law firm in the UK, is a member of the Association of International Energy Negotiators (AIEN) and a member of the executive committee of the British Kazakhstan Law Association.

As previously reported, Chairman of the Board of Directors and Independent Director Neil Longfellow, Senior Independent Director Russell Banham, and Independent Director Marc Kasher resigned from the Board as per their own requests in May-June 2023, which corresponds to the expiration of the term of the Board of Directors elected in 2020.

"On behalf of Samruk-Kazyna JSC, I would like to express my sincere gratitude to Neil Longfellow, Russell Banham, and Marc Kasher for the significant contribution they made to the development of the Company" - said Nurlan Zhakupov, Chairman of the Management Board of Samruk-Kazyna JSC - Their commitment to professional ethics and integrity, openness and transparency, as well as their support in achieving exceptional results are invaluable. The foundation that Kazatomprom has today in corporate governance, methods and approaches to solving various non-standard situations were built thanks to valuable input from our independent directors. Today, at the intersection of ongoing global changes and current events in the market, the time has come to change the composition of the Board of Directors, which is a sign of the Company's natural development. On behalf of NAC Kazatomprom JSC and on my own behalf, I wish them all the best and success in the future".

"I would also like to welcome the new members of the Board of Directors that have joined NAC Kazatomprom JSC. Their expertise will be beneficial in the effort of creating long-term value for the Company's shareholders".

Arman Argingazin expressed his gratitude for the appointment to the position of Chairman of the Board of Directors:

"I am thankful for the opportunity to become part of the team. Kazatomprom has secured its status as a leader in the uranium market, and I expect to establish grounds for a fruitful cooperation with the Board of Directors and the Board of Management of Kazatomprom in order to not only continue its success, but to further its development as a successful and financially robust Company".

Also, by decision of the EGM, the representative of Samruk-Kazyna JSC, Nazira Nurbayeva was withdrawn from the Board of Directors of the Company and, at the suggestion of Samruk-Kazyna JSC, Yelzhas Otynshiyev was introduced.

Due to the election of a new roster of the Board of Directors, it is planned to determine the new composition of the committees of the Board of Directors of the Company at the upcoming Board of Directors meeting in June 2023.

Full biographies of the elected members of the Company's Board of Directors will be available at the Company's official website www.kazatomprom.kz.

For more details, please contact:

On the issues of the extraordinary General Meeting of Shareholders

Assem Mukhamedyarova, Corporate Secretary

Tel: +7 7172 45 81 63

Email: amukhamedyarova@kazatomprom.kz

For IR inquiries

Yerlan Magzumov, IR Director

Tel: +7 7172 45 81 80 / 69

Email : ir@kazatomprom.kz

For public relations and media inquiries

Sabina Kumurbekova, PR Director

Gazhaiyp Kumisbek, PR Chief Expert

Tel: +7 7172 45 80 22

Email: pr@kazatomprom.kz

A copy of this announcement will be available at www.kazatomprom.kz.

About Kazatomprom

Kazatomprom is the largest uranium producer in the world with natural uranium production in proportion to the Company's participatory interest in the amount of about 22% of the total global primary uranium production in 2022. The group has the largest uranium reserve base in the industry. Kazatomprom, together with subsidiaries, affiliates and joint organizations, is developing 26 deposits combined into 14 uranium mining enterprises. All uranium mining enterprises are located on the territory of the Republic of Kazakhstan and when mine uranium use in-situ recovery technology, paying particular attention to best HSE practices and means (ISO 45001 and ISO 14001 certified).

Kazatomprom's securities are listed on the London Stock Exchange, the Astana International Exchange and the Kazakhstan Stock Exchange. Kazatomprom is the National Atomic Company of the Republic of Kazakhstan, and the main customers of the group are operators of nuclear generating capacities, and the main export markets for products are China, South and East Asia, North America and Europe. The Group sells uranium and uranium products under long-term and short-term contracts, as well as on the spot market directly from its corporate centre in Astana, Kazakhstan, as well as through a trading subsidiary in Switzerland, Trading House KazakAtom (THK).

For more information, please, visit our website www.kazatomprom.kz.

Statements for the Future

All statements, other than statements of historical fact, included in this message or document are statements regarding the future. Statements regarding the future reflect the Company's current expectations and estimates regarding its financial condition, results of operations, plans, goals, future results and activities. Such statements may include, but are not limited to, statements before which, after which or where words such as "goal", "believe", "expect", "intend", "possibly", "anticipate", "evaluate", "plan","project","will","may","probably", "should","may" and other words and terms of a similar meaning or their negative forms are used.

Such statements regarding the future include known and unknown risks, uncertainties and other important factors beyond the control of the Company, which may lead to the fact that the actual results, indicators or achievements of the Company will significantly differ from the expected results, indicators or achievements expressed or implied by such statements regarding the future. Such statements regarding the future are based on numerous assumptions regarding the current and future business strategy of the Company and the conditions in which it will operate in the future.

INFORMATION ON THE ESTIMATES CONTAINED IN THIS DOCUMENT ARE BASED ON SEVERAL ASSUMPTIONS ABOUT FUTURE EVENTS AND ARE SUBJECT TO SIGNIFICANT ECONOMIC AND COMPETITIVE UNCERTAINTIES AND OTHER CONVENTIONALITIES, NONE OF WHICH CAN NOT BE PREDICTED WITH CERTAINTY AND SOME OF WHICH ARE OUTSIDE OF THE COMPANY'S CONTROL. THERE CAN'T BE ANY WARRANTY THAT THE ESTIMATES WILL BE REALIZED AND THE ACTUAL RESULTS MAY BE ABOVE OR BELOW THAN SPECIFIED. NONE OF THE COMPANY - NO SHAREHOLDERS, NO DIRECTORS, NO OFFICERS, NO EMPLOYEES, NO CONSULTANTS, NO AFFILIATES NOR ANY REPRESENTATIVES OR AFFILIATES LISTED ABOVE BEAR RESPONSIBILITY FOR THE ACCURACY OF THE ESTIMATES PRESENTED IN THIS DOCUMENT.

The information contained in this message or document, including, but not limited to, statements regarding the future, is applicable only as of the date of this document and is not intended to provide any guarantees regarding future results The Company expressly disclaims any obligation to disseminate updates or changes to such information, including financial data or forward-looking statements, and will not publicly release any changes that it may make to information arising from changes in the Company's expectations, changes in events, conditions or circumstances on which such statements regarding the future are based, or in other events or circumstances arising after the date of this document.