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ORDER OF THE GOVERNMENT OF THE REPUBLIC OF KAZAKHSTAN

of August 2, 2023 No. 632

About approval of the list of the financial instruments permitted to acquisition at the expense of the pension assets of the single accumulation pension fund which are in trust management of National Bank of the Republic of Kazakhstan

(as amended of the Order of the Government of the Republic of Kazakhstan of 29.10.2025 No. 909)

According to the subitem 5) of article 11 of the Social code of the Republic of Kazakhstan the Government of the Republic of Kazakhstan DECIDES:

1. Approve the enclosed list of the financial instruments permitted to acquisition at the expense of the pension assets of the single accumulation pension fund which are in trust management of National Bank of the Republic of Kazakhstan.

2. Recognize invalid some decisions of the Government of the Republic of Kazakhstan according to appendix to this resolution.

3. This resolution becomes effective after day of its first official publication and extends to the relations which arose since July 1, 2023.

Prime Minister of the Republic of Kazakhstan

A. Smailov

Approved by the Order of the Government of the Republic of Kazakhstan of August 2, 2023, No. 632

The list of the financial instruments permitted to acquisition at the expense of the pension assets of the single accumulation pension fund which are in trust management of National Bank of the Republic of Kazakhstan

1. Foreign financial instruments, including the tools which are traded on the foreign financial markets:

1) government and agency securities;

2) municipal securities within investment into the government and agency securities;

3) securities of international financial institutions;

4) corporate securities;

5) convertible securities within investment into corporate securities;

6) securities on the security of the real estate (Mortgage Backed Security) and assets (Asset Backed Security);

7) shares, depositary receipts on the share;

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