ORDER OF THE GOVERNMENT OF THE REPUBLIC OF KAZAKHSTAN

of September 13, 2011 No. 1043

About modification and amendments in the order of the Government of the Republic of Kazakhstan of February 10, 2003 No. 145 "About determination of the mechanism of carrying out monitoring of administrative expenses of the state companies, joint-stock companies which controlling stocks the state, and limited liability partnerships, the sizes of the state shares in which allow the state to determine decisions of general meeting of participants, for the purpose of their optimization, owns"

The government of the Republic of Kazakhstan DECIDES:

1. Bring in the order of the Government of the Republic of Kazakhstan of February 10, 2003 No. 145 "About determination of the mechanism of carrying out monitoring of administrative expenses of the state companies, joint-stock companies which controlling stocks the state, and limited liability partnerships, the sizes of the state shares in which allow the state to determine decisions of general meeting of participants, for the purpose of their optimization" (SAPP of the Republic of Kazakhstan, 2003, No. 7, of the Art. 73) the following changes and amendment, owns:

exclude Item 1-1;

state Item 1-2 in the following edition:

"1-2. Recommend to national managing holdings, except for National Welfare Fund Samruk-, Azyna (Further — Fund), to National Holdings and the National Companies Which Controlling Stock the State Owns to Take the Similar Measures Specified in Item 1 of This Resolution concerning Legal Entities Whose More than Fifty Percent of Voting Shares (Shares) Belong to Them on the Property Right or Trust Management. joint-stock company;

add with Item 1-3 of the following content:

"1-3. Recommend to Fund to take in accordance with the established procedure measures for establishment of limits of the administrative expenses specified in Item 1 of this resolution for Fund the solution of the board of directors of Fund, for legal entities whose more than fifty percent of voting shares (shares) belong to Fund on the property right or trust management - board decision of Fund.".

2. This resolution becomes effective from the date of signing.

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