ORDER OF THE GOVERNMENT OF THE REPUBLIC OF KAZAKHSTAN

of April 29, 2026 No. 346

About modification of some decisions of the Government of the Republic of Kazakhstan

The government of the Republic of Kazakhstan DECIDES:

1. Approve the enclosed changes which are made to some decisions of the Government of the Republic of Kazakhstan.

2. This resolution becomes effective from the date of its signing and is subject to official publication.

Approved by the Order of the Government of the Republic of Kazakhstan of April 29, 2026 No. 346

Changes which are made to some decisions of the Government of the Republic of Kazakhstan

1. In the order of the Government of the Republic of Kazakhstan of April 14, 2014 No. 354 "About approval of the Joint action plan of the Government of the Republic of Kazakhstan and National Bank of the Republic of Kazakhstan on ensuring financing of projects of small and medium entrepreneurship in processing industry":

in the Joint action plan of the Government of the Republic of Kazakhstan and National Bank of the Republic of Kazakhstan on ensuring financing of projects of small and medium entrepreneurship in processing industry approved by the specified resolution:

To state "Mechanisms of goal achievement and implementation of the tasks", the Section 3 "Conditions and Mechanisms of the Caused Investment of Funds in Banks of the Second Level" and the Section 4 "Financing Terms of Subjects of Small and Medium Entrepreneurship" in the following edition:

"2. Mechanisms of goal achievement and implementation of the tasks

The government of the Republic of Kazakhstan will take measures for financing of BVU for the subsequent crediting of the MSP projects in processing industry.

The total amount of financing of the MSP projects in processing industry from means of National fund of the Republic of Kazakhstan constitutes 100 (hundred) billion tenges.

Use of means of National fund of the Republic of Kazakhstan is performed by the caused investment of funds of joint-stock company "Fund of development of entrepreneurship "Lady" (further - JSC FRP Damu) in BVU for financing of subjects of MSP in processing industry. The condition on target use does not extend to the loans issued to Alatau City Bank joint-stock company (further - JSC Alatau City Bank).

For these purposes joint-stock company "The national investment holding "Bayterek" (further - JSC THEM Bayterek) performs borrowing from National fund of the Republic of Kazakhstan by bond issue on the amount of 100 (hundred) billion tenges for up to 20 years from start date of the circulation of bonds at the rate of remuneration of 0,1 of % per annum. Repayment period of bonded loan - at the end of circulation period, with the right of early repayment at the initiative of the issuer, since 2024.

After receipt of means of JSC THEM Bayterek the credit for the amount of 100 (hundred) billion tenges for up to 20 years at the rate of remuneration of 0,15 of % per annum with repayment provision of means the single amount at the end of term, according to conditions of the corresponding signed credit agreement will provide JSC FRP Damu.

3. Conditions and mechanisms of the caused investment of funds in banks of the second level

JSC THEM Bayterek submits the list of BVU and amount of limits of them for consideration of State commission concerning upgrade of economy of the Republic of Kazakhstan (further – State commission). The state commission develops recommendations about approaches to forming of annual effective rate of remuneration for final borrowers.

JSC THEM Bayterek, JSC FRP Damu and BVU will open the separate bank account in NBRK for carrying out payments from the funds allocated from National fund of the Republic of Kazakhstan.

JSC THEM Bayterek will place on the separate bank account of JSC FRP Damu in NBRK the amount of means according to the signed credit agreement according to the civil legislation of the Republic of Kazakhstan.

JSC FRP Damu will perform the conclusion of credit agreements with BVU according to the civil legislation of the Republic of Kazakhstan.

JSC FRP Damu will place the received borrowing facilities in BVU with rate of no more 2,0 of % per annum.

JSC FRP Damu will perform placement of borrowing facilities on the separate bank account BVU in NBRK without providing within the limits recommended by State commission.

Currency of crediting of BVU – tenge.

The term of crediting of BVU – up to 20 years.

The term of development of BVU of borrowing facilities from receipt date of funds for the account of BVU:

3 months – on the credits issued on the investment purposes;

3 months – on the credits issued on the purpose of replenishment of current assets and refinancing of earlier issued BVU loans.

Conditions and procedure for repayment of principal debt and remuneration are established in the credit agreement.

BVU report to JSC FRP Damu on target use and development of the placed borrowing facilities.

The procedure, form and frequency of submission of reports of BVU, and also other conditions of loan granting of BVU, including the covenants for determination of availability of export revenue which are not provided by this Plan are established by the corresponding credit agreement. In case of selection for preexport/export financing and/or financing of export-oriented projects the priority shall be given to the projects providing the annual growth of export revenue, at least 5% after 1 (one) financial year from start date of financing of such project. Preexport/export financing and/or financing of the export-oriented projects providing preserving amounts of export revenue of subjects of MSP at the level of annual average amount of export revenue the previous 2 (two) years prior to decision making about financing of such project is allowed.

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