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4. www.linkagemind.com Tax Rate Tax Base Tax Period 1. CIT 20%. The rate of CIT will be reduced to 17,5% in 2013 and to 15% 2014 total annual income, after allowable deductions and adjustments calendar year 2. IIT 10%. Taxation of income in form of dividends, taxed at a rate of 5% worldwide income calendar month 3. VAT 12% taxable turnover and taxable import calendar quarter 4. Excise Duties percentage of the value of a good and (or) as an absolute amount per unit of measurement in physical terms (fixed rates) The realization of following goods: (a) alcoholic products; (b) tobacco products; (c) benzene (except of aviation) and diesel; (d) crude oil, including gas condensate calendar month 5. SUT see slide # 5 see slide # 5 see slide # 5 6. Property Tax 1.5% of average annual balance sheet value of property Average annual balance value of buildings and constructions calendar year 7. Land Tax depends on the category of a particular land plot, its location and quality land plot calendar year

5. www.linkagemind.com . Taxation of subsurface users specific payments specific taxes (a) signature bonus – is a one-time payment for the right to use the subsurface. The amounts of this payment based on estimations of reserves, the economic value of the deposit, and certain other factors and must be set out in the subsoil use contract; (b) reimbursement of historical costs – compensation to the state for expenses related to geological exploration and construction of deposits; (c) commercial discovery bonus - is a fixed payment that is payable when a commercial discovery is made in the contract territory. The rate of commercial discovery bonus is 0.1% of the value of proven extractable reserves. (a) Minerals Extraction Tax (MET) – is a tax which is payable separately on certain type of extracting minerals, oil, etc. The rates of MET for mining companies currently range from 0.25% to 22% depending on the type of mineral. The rates of MET for oil and gas companies currently range from 5% to 18% depending on the amounts of oil or gas produced. (b) Excess Profit Tax – is payable annually in respect of the net income under a specific subsoil contract exceeding 25% of cumulative deductions and certain other expenses. The tax rates range according to a sliding scale from 0% to 60%.

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9. MADINA SYPATAYEVA, LLM, MBA Managing PARTNER T + 7 7272 596 260, 597 560 F + 7 7272 596 260 M + 7 701 522 7051 E [email_address] DR.KARL-HEINZ DERNOSCHEG, MBA PARTNER T + 7 7272 596 260, 597 560 F + 7 7272 596 260 E [email_address] FIRM MANAGEMENT ALMATY 188 Dostyk avenue 050000, Kazakhstan T + 7 7272 596 260, 597 560 F + 7 7272 596 260 [email_address] ASTANA 7 Imanova Street 010000, Kazakhstan T + 7 7172 200 701, 200 703 F + 7 7172 200 705 [email_address] AKTAU 4 Micro district 130000 Kazakhstan T + 7 7292 336 757 F + 7 7292 336 757 [email_address] www.linkagemind.com ARNUR AMIRGALIYEV, MSc BUSINESS DEVELOPMENT PARTNER T + 7 7172 200 701/703 F + 7 7172 200 705 M + 7 701 208 9984 E [email_address]