ORDER OF THE GOVERNMENT OF THE REPUBLIC OF KAZAKHSTAN

of November 5, 2012 No. 1402

About suspension of action of the order of the Government of the Republic of Kazakhstan of December 30, 2009 No. 2275 and approval of the list of legal entities whose core activity is implementation of loan transactions or the redemption of rights to claim and which hundred percent of voting shares (shares) the national managing holding possesses, the provisions (reserves) having the right to deduction against doubtful and bad assets, contingent obligations, except for assets and the contingent obligations provided for benefit of the interconnected parties or to the third parties according to obligations of the interconnected parties (except assets and contingent obligations of credit partnerships), rules of its forming and rules of reference of assets and contingent obligations to category doubtful and hopeless also creations of provisions (reserves) against them

The government of the Republic of Kazakhstan DECIDES:

1. Suspend till January 1, 2013 the order of the Government of the Republic of Kazakhstan of December 30, 2009 No. 2275 "About approval of the list of legal entities whose core activity is implementation of loan transactions or the redemption of rights to claim and which hundred percent of voting shares (shares) belong to national managing holding, the assets having the right to expense amount deduction on creation of provisions (reserves) against doubtful and bad assets, contingent obligations, except for and the contingent obligations provided for benefit of the interconnected persons or to the third parties according to obligations of the interconnected persons (except assets and contingent obligations of credit partnerships), rules of its forming and rules of reference of assets and contingent obligations to category doubtful and hopeless".

2. Approve enclosed:

1) the list of legal entities whose core activity is implementation of loan transactions or the redemption of rights to claim and which hundred percent of voting shares (shares) belong to national managing holding, the provisions (reserves) having the right to deduction against doubtful and bad assets, contingent obligations, except for assets and the contingent obligations provided for benefit of the interconnected parties or to the third parties according to obligations of the interconnected parties (except assets and contingent obligations of credit partnerships) (further - the List);

2) rules of forming of the list of legal entities which core activity is implementation of loan transactions or the redemption of rights to claim and which hundred percent of voting shares (shares) belong to national managing holding, the provisions (reserves) having the right to deduction against doubtful and bad assets, contingent obligations, except for assets and the contingent obligations provided for benefit of the interconnected parties or to the third parties according to obligations of the interconnected parties (except assets and contingent obligations of credit partnerships);

3) rules of reference of assets and contingent obligations to category doubtful and hopeless the national managing director of holding, and also legal entities whose core activity is implementation of loan transactions or the redemption of rights to claim and which hundred percent of voting shares (shares) belong to national managing holding, the provisions (reserves) having the right to deduction against doubtful and bad assets, contingent obligations, except for assets and the contingent obligations provided for benefit of the interconnected parties or to the third parties according to obligations of the interconnected parties (except assets and contingent obligations of credit partnerships), and creations of provisions (reserves) against them (further - Rules).

3. This resolution becomes effective since February 21, 2009 and 70 and 80 Rules which become effective since January 1, 2010, and Item 2 of the List which becomes effective since February 1, 2012 are effective till January 1, 2013, except for paragraph two of Items 57,.

Approved by the order of the Government of the Republic of Kazakhstan of November 5, 2012, No. 1402

The list of legal entities whose core activity is implementation of loan transactions or the redemption of rights to claim and which hundred percent of voting shares (shares) belong to national managing holding, the provisions (reserves) having the right to deduction against doubtful and bad assets, contingent obligations, except for assets and the contingent obligations provided for benefit of the interconnected parties or to the third parties according to obligations of the interconnected parties (except assets and contingent obligations of credit partnerships)

1. Joint-stock company "Fund of development of entrepreneurship "Lady".

2. Development Bank of Kazakhstan joint-stock company.

Approved by the order of the Government of the Republic of Kazakhstan of November 5, 2012 No. 1402

Rules of forming of the list of legal entities which core activity is implementation of loan transactions or the redemption of rights to claim and which hundred percent of voting shares (shares) belong to national managing holding, the provisions (reserves) having the right to deduction against doubtful and bad assets, contingent obligations, except for assets and the contingent obligations provided for benefit of the interconnected parties or to the third parties according to obligations of the interconnected parties (except assets and contingent obligations of credit partnerships)

These rules of forming of the list of legal entities which core activity is implementation of loan transactions or the redemption of rights to claim and which hundred percent of voting shares (shares) belong to national managing holding, the provisions (reserves) having the right to deduction against doubtful and bad assets, contingent obligations, except for assets and the contingent obligations provided for benefit of the interconnected parties or to the third parties according to obligations of the interconnected parties (except assets and contingent obligations of credit partnerships) (further - Rules of forming of the list) are developed according to item 4 of article 106 of the Code of the Republic of Kazakhstan of December 10, 2008 "About taxes and other obligatory payments in the budget" (Tax code) and establish procedure for forming of the list of the legal entities having the right to deduction of provisions (reserves) against doubtful and bad assets, contingent obligations.

1. The list of legal entities whose core activity is implementation of loan transactions or the redemption of rights to claim and which hundred percent of voting shares (shares) belong to national managing holding, of the provisions (reserves) having the right to deduction against doubtful and bad assets (further - the list) is determined by the Government of the Republic of Kazakhstan, at the same time the draft of the relevant resolution is introduced by authorized body in the field of tax policy according to the petition of national managing holding.

2. For inclusion in the list the legal entity shall conform to the following requirements:

1) hundred percent of voting shares (shares) of such legal entity belong to national managing holding;

2) core activity of the legal entity is implementation of loan transactions or the redemption of rights to claim;

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