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Information about results of the extraordinary general meeting of shareholders of JSC “IC “Kazkommerts-Policy” (SC of JSC “Kazkommertsbank”) (Decision dated 12 February 2018)

1. date, time and place of the extraordinary general meeting of shareholders of JSC “IC “Kazkommerts-Policy” (SC of JSC “Kazkommertsbank”):

12 February 2018, beginning at 10:30 AM, end at 11:00 AM, 125/185, Baizakov St., n.p. 4, Almalinsky district, Almaty City, Republic of Kazakhstan.

 

2. items included into the agenda of the extraordinary general meeting of shareholders of JSC “IC “Kazkommerts-Policy” (SC of JSC “Kazkommertsbank”):

1. Voluntary re-organization in the form of affiliation of the Company to “Kazakhinstrakh” JSC;

2. Approval of the plan of actions for voluntary re-organization of the Company and “Kazakhinstrakh” JSC;

3. Approval of the selling price for the Company’s shares;

4. Determination of the procedure for and terms of sale of the Company’s shares;

5. Approval of the form of assignment deed”.

3. decisions made by the extraordinary general meeting of shareholders of JSC “IC “Kazkommerts-Policy” (SC of JSC “Kazkommertsbank”):

1. To carry out voluntary re-organization of the Company in the form of affiliation to “Kazakhinstrakh” JSC;

2. To approve the Plan of actions for voluntary re-organization of the Company and “Kazakhinstrakh” JSC;

3. To approve the selling price for the Company’s shares in the amount of 49 701.715906 tenge calculated based on the non-audited financial statements of the Company as at 01.01.2018 in accordance with which the Company’s equity capital amounts to 20 214 731 595 tenge and the number of allocated shares of the Company, except issued shares, amounting to 406 721 shares.

4. It was decided to determine:

1) the procedure for selling the Company’s shares – the Company’s shares shall be sold by the Company’s shareholders and purchased by “Kazakhinstrakh” JSC by offering (selling) to shareholders of the Company of shares in “Kazakhinstrakh” JSC in proportion to the ratio between the selling price for the Company’s shares and offering (selling) price for shares in “Kazakhinstrakh” JSC. The ratio between the selling price for the Company’s shares and offering (selling) price for shares in “Kazakhinstrakh” JSC shall be equal to 0.71732528;

2) the period for selling the Company’s shares and the period for offering the shares of “Kazakhinstrakh” JSC  to the Company’s shareholders – three business days from the date of signing of assignment deed.

5. To approve the form of assignment deed.