ORDER OF THE GOVERNMENT OF THE REPUBLIC OF KAZAKHSTAN

of November 15, 2004 No. 1201

About some questions of increase in effective management of state-owned property

For the purpose of implementation of actions, directed to further increase in effective management of state-owned property, the Government of the Republic of Kazakhstan DECIDES:

1. Approve enclosed:

1) Rules of development of investing programs of the state companies, joint-stock companies (limited liability partnerships) which controlling stocks (shares) belong to the state, except for institutes of development, and also national managing holding;

2) changes and additions which are made to some decisions of the Government of the Republic of Kazakhstan.

2. excluded

3. This resolution becomes effective from the date of signing, except for the subitem 1) of Item 1, which becomes effective since January 1, 2005.

Approved by the order of the Government of the Republic of Kazakhstan of November 15, 2004 No. 1201

Rules of development of investing programs of the state companies, joint-stock companies (limited liability partnerships) which controlling stocks (shares) belong to the state, except for institutes of development, and also national managing holding

1. These rules of development of investing programs of the state companies, joint-stock companies (limited liability partnerships) which controlling stocks (shares) belong to the state (further - Rules) determine procedure and the principles of development of investing programs of the state companies, joint-stock companies (limited liability partnerships) which controlling stocks (shares) belong to the state (further - the companies), except for institutes of development, and also national managing holding and are applied to the purposes of mid-term planning, since plan development for 2006-2008.

2. The purpose of Rules is increase in efficiency of public administration (participation in management) by the companies in case of adoption of investment decisions, including streamlining of this process.

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