ORDER OF THE GOVERNMENT OF THE REPUBLIC OF KAZAKHSTAN

of July 9, 2026 No. 601

About approval of Rules of implementation by Fund of the Problem Credits joint-stock company of types of activity, and also requirements to acquired (acquired) by it to assets and the rights to claim"

According to part two of Item 1 of article 132 of the Law of the Republic of Kazakhstan "About banks and banking activity in the Republic of Kazakhstan" the Government of the Republic of Kazakhstan DECIDES:

1. Approve enclosed:

1) Rules of implementation by Fund of the Problem Credits joint-stock company of types of activity;

2) requirements to acquired (acquired) Fund of the Problem Credits joint-stock company to assets and rights to claim.

2. This resolution becomes effective after ten calendar days after day of its first official publication.

Approved by the Order of the Government of the Republic of Kazakhstan of July 9, 2026 No. 601

Rules of implementation by Fund of the Problem Credits joint-stock company of types of activity

Chapter 1. General provisions

1. These rules of implementation by Fund of the Problem Credits joint-stock company of types of activity (further - Rules) are developed in realization of part two of Item 1 of article 132 of the Law of the Republic of Kazakhstan "About banks and banking activity in the Republic of Kazakhstan" (further - the Law) and determine procedure Fund of the Problem Credits joint-stock company (further - Fund) types of activity, stipulated in Item 1 article 132 of the Law.

2. The fund performs the following types of activity within the powers established by the Law and these rules:

1) share issue for forming of the authorized capital, and also bonds for financing of own activities;

2) redemption of own placed shares and bonds;

3) quality evaluation of assets, the rights (requirements) of the banks and (or) legal entities which were earlier banks for the purpose of decision making about their acquisition;

4) acquisition at National Bank of the Republic of Kazakhstan and banks of doubtful and bad assets, other rights (requirements) and assets, management of them, including by transfer to trust management, ownerships of them and (or) their realization.

In case of transition of the rights (requirements) from National Bank of the Republic of Kazakhstan to Fund the consent of the borrower, pledger, guarantor and other persons to such transition is not required;

5) assessment of the shares and (or) bonds issued by banks;

6) share acquisition and (or) shares in the authorized capital of legal entities, including legal entities, the rights (requirements) to whom are acquired at the banks and (or) legal entities which were earlier banks, management of them including by transfer to trust management, ownerships by them and (or) their realization;

7) share acquisition and (or) the bonds issued by banks, management of them including by transfer to trust management and (or) their realization;

8) provision in property employment (lease) of the property acquired and (or) received at the banks and (or) legal entities which were earlier banks or use of other form of paid temporary use by such property, its transfer to trust management;

9) transactions on securitization of the rights (requirements) and other assets acquired at the banks and (or) legal entities which were earlier banks;

10) creation (acquisition) of the organization acquiring doubtful and bad assets;

11) acquisition at legal entities, earlier being banks, the rights (requirements) and (or) other assets, including shares and shares in the authorized capital, management of them, including by transfer to trust management and (or) their realization.

If as a result of the transaction provided by part one of this subitem the property on the amount ten and more percent from the size of assets of Fund is acquired, the decision on the conclusion of such transaction is made by the shareholder of Fund.

If as a result of the transaction provided by part one of this subitem there is transition of the rights (requirements) of the creditor, the consent of the borrower, the pledger, the guarantor and other persons on such transition is not required. The identity of the new creditor is recognized not having for the debtor of essential value;

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