DOING BUSINESS IN KAZAKHSTAN MARCH 2014, DUBAI

GDP Growth Comparison

Sector Contribution to GDP

Oil & Gas Proven oil reserves (bln bbl)Kazakhstan oil production (mln tons) 38.9

Oil & Gas Largest contributor to the GDP 25% 54% of FDIs

MAJOR OIL FIELDS Oil Field ReservesInvestorsOperator Investments Tengiz 1.1 bln tons of oil Chevron, Exxon Mobil, KMG TCO USD 25 bn Oil & Gas Oil Field ReservesInvestorsOperator Investments Kashagan 9 bln tons of oil Eni, Shell, Total, Inpex, Exxon CNPC NCOC USD 137 bn Oil Field ReservesInvestorsOperator Investments Karachaganak 8 bln bbl of oil, 1.35 tn mln of gas BG, Eni, Chevron, Lukoil, KMG KPO USD 12 bn

Metals & Mining 21 % contribution to the GDP or about USD41bn 99 of 110 elements of Mendeleev’s table are found in KZ subsoil. 30 % Cr 10 % Cu 10 % Fe 4 % Au 13 % Zn 25 % Mg 5 % P 21 % U Share in world’s ore resources 2 nd Largest sector of economy

Metals & Mining 15 th Cu 8 th Pb 7 th Zn 3 rd Ti 1 st U, P World production rating

Transportation and Logistics

11% contribution to the GDP ~ USD22.8bn 132k of different types of railway transports of which over 60% requires upgrade $36bn railways modernization program started in 2009 The most important industry of all for a land locked country

Transportation and Logistics KTZh JVs with General Electric, Alstom, Talgo, Siemens for production of locomotives, wagons in Kazakhstan. Western Europe - Western China project of 2,787 km International Motor Road Corridor, value $5.5bn

Retail 15% contribution to the GDP ~ USD34.8bn 64.5% of retail sales are from non-food products 10% of average annual growth rate 87% is controlled by small and medium size retailers

Kazakhstan Regulatory Environment  Law on investment  Investment preferences  9 free trade zones  No major currency restrictions  Favorable tax environment  Customs union