1 CONFIDENTIAL Project information Contact Organization of production of steel welded pipes with diameter Ø 273 – 630 мм Project profitability for the period of 8 years (in th. USD) (Рентабельность проекта за 8 лет) Project profitability Project cost: USD 32 mln. Location: Pavlodar, industrial zone. Implementation period: Project scope: - the development of industrial non-oil sector of the country, the market of metal products ; - increasing the supply of domestic products in the steel market; - decline in imports of tubular goods (import substitution); -increase exports of finished products in CIS countries; - New workplaces creation (from 154 to 352 ) Finished product: - Welded Steel Pipes with diameter Ø 273 – 630 мм. Production capacity: -100 thous.t. in first year, 200 thous.t. in 2 nd year, then 250 and 300 thousand tons annual Potential markets: CIS countries Provision of land and premises: availability of basic warehouse space in the city of Astana in the property of LLP "Steel Trade-NA" with a total area of 2.5 hectares; Required financing: USD 32 mln. Required investor type: Company name LLP "Steel Trade-NA" Year of establishment 2002 year Presence on the market Developed brands Current operation Project initiator Project profitability ☑ Equity ☐ Debt ☑ Technology transfer ☑ Other Project profitability for the period of 5 years (in th. USD) Payback Period : 1,4 years Payback Period disc.: 1,6 years Project NPV (5 years) mln. tenge Project IRR 93% Project profitability IndicatorYear 1Year 2Year 3Year 4Year 5 Revenue COGS Net profit Project initiator’s contacts: LLP "Steel Trade-NA" Alimova Shynar Specialist at Sectoral department for mining and metallurgy, “KAZNEX INVEST” JSC Tel.: (1064) Contact information

2 CONFIDENTIAL Project information Contact The construction of ferroalloy plant in Kyzylorda region Project profitability for the period of 7 years (in th. USD) Project profitability Project cost: USD 228,1 mln. Location: Kyzylorda region Implementation period: г. Project scope: -Development of metallurgical sector in region Finished product: -Low aluminum ferrosilicon. Production capacity: thousand tons annual Potential markets: domestic market, CIS, China, export Provision of land and premises: land is available: 50 ha on industrial zone of Kyzylorda region Required financing: USD 228,1 mln. Required investor type: IndicatorYear 1Year 2Year 3Year 4Year 5Year 6Year 7 Revenue , COGS , , Taxes , ,79 652,38 457,87 263,4 Net profit , , , , , , ,6 Payback Period 4 years Payback Period disc. 4 years Project capexUSD 18,7mln. Project NPV (10 years) USD 2 255,1 mln. Project IRR 80% Company nameJSC «NC «SEC «Baikonur» Year of establishment Presence on the market: Developed brands: Current operation: Project initiator Project profitability ☑ Equity ☐ Debt ☑ Technology transfer ☑ Other Project initiator’s contacts: JSC «NC «SEC «Baikonur» Alimova Shynar Specialist at Sectoral department for mining and metallurgy, “KAZNEX INVEST” JSC Tel.: (1064) Contact information

3 CONFIDENTIAL Project information Contact «Organization of copper pipes production» Project profitability for the period of 7 years (in mln. USD) Project profitability Project cost: USD 66,5 mln. Location: Karaganda, Industrial zone Implementation period: Project scope: -Development of metallurgical sector and copper pipe production; Finished product: - Copper pipes. Production capacity: - 13 thousand tons annual Potential markets: Kazakhstan and China Provision of land and premises: Free Economic Zone of Karaganda region, 12 ha. Energy and water supply. Required financing: USD 66,5 mln. Required investor type: IndicatorYear 1Year 2Year 3Year 4Year 5Year 6Year 7 Revenue 50, , , COGS 19, , , Taxes2, , , , , , Net profit 9, , , , , , Payback Period: 4,5 year Payback Period disc. 4 years Project NPV (10 years) USD 37 mln. Project IRR 27% Company name: LLP «Iron and copper» «SMS MEER» Year of establishment 1991 Current operation: manufacturing from raw materials (strips) electric-welded pipes Project initiator Project profitability ☑ Equity ☑ Debt ☑ Technology transfer ☑ Other Contact information Project initiator’s contacts: LLP «Iron and copper» and «SMS MEER» Alimova Shynar Specialist at Sectoral department for mining and metallurgy, “KAZNEX INVEST” JSC Tel.: (1064)

4 CONFIDENTIAL Project information Contact Exploration, mining and processing of kaolin, quartz-feldspar ore deposits Bisembaevskyiy Project profitability Project cost: USD 918,5 mln. Location: Kostanay region Implementation period: Project scope: -Detailed exploration identified with the production of industrial reserves of complex ores; Finished product: - On the unique holdings of deposits it is advisable to build plants for the production of facing products (ceramic tiles, porcelain tiles), glass, facing facing bricks, tiles, packaging materials, mineral fertilizers. Production capacity: -Facing products - 26 million sq. M. m, the glass - 20 million sq. m. m, cardboard and gypsum board 700 ths. tons of aluminum thous. tons of cement thousand tons of bricks - 50 million units and other types of products Potential markets: Kazakhstan and Export Provision of land and premises: mining ore deposit Required financing: USD 918,5 mln. Required investor type: The distance to the train station - 25 km, the presence near the paved roads, power transmission lines 200 and 500 passes through a portion of the gas pipeline "Bukhara-Ural" - 3 km away from the field, the proximity to settlements with a developed area for the extraction and processing of mineral raw materials (r. Zhitikara, Rudny, Lisakovsk) Company nameLLP «NEGS GeoSphere» and SEC «Tobol» Year of establishment: Presence on the market: Developed brands: Current operation: Project initiator ☑ Equity ☑ Debt ☑ Technology transfer ☑ Other Contact information Payback Period 63 months Annual Production (tenge) Project profitability Project initiator’s contacts: LLP «NEGS GeoSphere» and SEC «Tobol» Alimova Shynar Specialist at Sectoral department for mining and metallurgy, “KAZNEX INVEST” JSC Tel.: (1064)

5 CONFIDENTIAL Project information Contact Release of phosphorus concentrate from iron ore to pig iron production Project profitability Project cost: USD 165 mln. Location: Aktobe region Implementation period: Project scope: -Release of phosphorus concentrate from iron ore to produce iron. Finished product: - Cast/crude iron Production capacity: - 8 mln ton of concentrate annual Potential markets: China, Russia, Europe. Provision of land and premises: land and rights for mining documentation is available on Kokbulak iron ore deposit in Kostanay region Required financing: USD 165 mln. Required investor type: Feasibility study of the project, signed approvals, conducted exploration. Contracts-intent with suppliers and consumers. Conducted exploration work, including - drilling, sampling, laboratory studies under the Contract №3734-TPI. Feasibility study of the project. There is an agreement with the Chinese company "Xin Yan Science and Industry and Trade Company" (Xinjiang) on the development of technology for production of concentrate and co-investment project. Company name:LLP «Aktobe steel production» and SEC «Aktobe» Year of establishment Presence on the market Developed brands Current operation Project initiator ☑ Equity ☐ Debt ☑ Technology transfer ☑ Other Contact information Project initiator’s contacts: LLP «Aktobe steel production» and SEC «Aktobe» Alimova Shynar Specialist at Sectoral department for mining and metallurgy, “KAZNEX INVEST” JSC Tel.: (1064)

6 CONFIDENTIAL Project information Contact Iron ore deposit development with construction of mining processing plant Project profitability Project cost: USD 133 mln. Location: Aktobe region Implementation period: Project scope: -Production of iron concentrate -Construction of Mining Processing Plant Finished product: - Iron concentrate Production capacity: -1 mln ton of iron concentrate annual Potential markets: domestic market and export Required financing: USD 133 mln. Required investor type: Company name: LLP «Aktobe – Temir ВС». Year of establishment: Presence on the market: Developed brands: Current operation: Project initiator Project profitability ☑ Equity ☑ Debt ☑ Technology transfer ☑ Other in March 2014 he signed a contract for development of TEO with an international company to conduct technical audit "SRK Consulting Limited". On the recommendation of "SRK Consulting Limited" was sent samples ores Velihovskoe South, the laboratory LLP «SGS Vostok Limited" Chita, for technological research on the recoverability of mineral components. Report enrichment received. For drawing up the feasibility study is also required before studying the market demand for concentrate. For these purposes, the company entered into an agreement with a Russian consulting company "B2B Connect", which explores the global market and provides forecast prices for titanium-vanadium concentrate (TCE) to On the basis of the report on enrichment and report on the study of world prices for TCE will be prepared before the feasibility study, the company "SRK Consulting Limited". Upon receipt of the feasibility study will be planned before further action on the investment project. Project initiator’s contacts: LLP «Aktobe – Temir ВС» Alimova Shynar Specialist at Sectoral department for mining and metallurgy, “KAZNEX INVEST” JSC Tel.: (1064) Contact information

7 CONFIDENTIAL Project information Contact Plant for the production of steel strip packaging Project profitability Project cost: USD 13,51 mln. Location: Karaganda, Industrial zone Implementation period: Project scope: - production of steel strip packaging for various needs of enterprises; Finished product: -steel strip packaging Production capacity: tons annual Potential markets: domestic market, CIS countries, export. Required financing: USD 13,51 mln. Required investor type: Company name: LLP «S-Tape» Year of establishment: 2011 year Presence on the market: Developed brands: Current operation: Project initiator ☑ Equity ☐ Debt ☑ Technology transfer ☑ Other Project initiator’s contacts: LLP «S-Tape» Alimova Shynar Specialist at Sectoral department for mining and metallurgy, “KAZNEX INVEST” JSC Tel.: (1064) Contact information

8 CONFIDENTIAL Project information Contact Mastering Velihovskogo iron ore deposit with the construction of processing factory Project profitability Project cost: USD 133 mln. Location: Aktobe region Implementation period (Период реализации): Project scope: -Construction of Mining Processing Plant in Kargaly Finished product: - Iron concentrate Production capacity: - 1 mln ton annual Potential markets: domestic market Required financing: USD 32 mln. Required investor type: Company name: LLP "Steel Trade-NA" Year of establishment: 2003 year Presence on the market: Developed brands: Current operation: Project initiator ☑ Equity ☐ Debt ☑ Technology transfer ☑ Other Payback Period : 10 years Payback Period disc.: 3 years Project profitability Project initiator’s contacts: LLP "Steel Trade-NA" Alimova Shynar Specialist at Sectoral department for mining and metallurgy, “KAZNEX INVEST” JSC Tel.: (1064) Contact information

9 CONFIDENTIAL Project information Contact Production of copper cathode Project profitability Project cost: USD 20 mln. Location: Aktobe region Implementation period: Project scope: - To increase production of copper cathode; Finished product: - copper cathode Production capacity: -increase the volume of production of cathode copper content of 99.9% from 5000 tonnes to tonnes annual Potential markets: domestic market and export CIS countries Required financing: USD 20 mln. Required investor type: Company name: LLP «KazCopper» Year of establishment: Presence on the market: Developed brands: Current operation: Project initiator ☑ Equity ☐ Debt ☑ Technology transfer ☑ Other Project initiator’s contacts: LLP «KazCopper» Alimova Shynar Specialist at Sectoral department for mining and metallurgy, “KAZNEX INVEST” JSC Tel.: (1064) Contact information

1010 CONFIDENTIAL Project information Contact Construction of the factory hot dip galvanizing of steel structures Project profitability Project cost: USD 10 mln. Location: Atyrau Implementation period: Project scope: - the development of the market of metal products ; Finished product: - zinc metal Production capacity: - 24,000 tones of zinc metal per year Potential markets: domestic market and export Provision of land and premises: not available yet Required financing: USD 10 mln. Required investor type: Company name: LLP «Logic Services Centrasia» Year of establishment: Presence on the market: Developed brands: Current operation: Project initiator ☑ Equity ☑ Debt ☑ Technology transfer ☑ Other Project initiator’s contacts: LLP «Logic Services Centrasia» Alimova Shynar Specialist at Sectoral department for mining and metallurgy, “KAZNEX INVEST” JSC Tel.: (1064) Contact information

1 CONFIDENTIAL Project information Contact Construction of electric plant Project profitability Project cost: USD 275,7 mln. Location: Aktobe region Implementation period: Project scope: - the development of industrial non-oil sector of the country, the market of metal products ; - increasing the supply of domestic products in the steel market; -Building-mill due to the need for rail and plant raw materials of high quality domestic production. Finished product: -Production of rail steel based on recycled scrap processing and direct reduced iron Production capacity: -533 thousand tons annual Potential markets: CIS countries Provision of land and premises: Raw materials: scrap and hot briquetted iron (HBI) Applied technology: being selected from 3-European suppliers are the main technological equipment Siemens VAI, Danieli, SMS-Concast Required financing: USD 257,7 mln. Required investor type: Company name: LLP «Аktobe Generation» Year of establishment: Presence on the market: Developed brands: Current operation: Project initiator ☑ Equity ☑ Debt ☑ Technology transfer ☑ Other Project initiator’s contacts: LLP «Аktobe Generation» Alimova Shynar Specialist at Sectoral department for mining and metallurgy, “KAZNEX INVEST” JSC Tel.: (1064) Contact information

1212 CONFIDENTIAL Project information Contact Titanium zirconium ores Project profitability Project cost: USD 40 mln. Location: Pavlodar, industrial zone. Implementation period: Project scope: - the development of industrial non-oil sector of the country, the market of ilmenite, rutile, zircon products ; - increasing the supply of domestic products in the rutile, zircon market; - decline in imports of tubular goods (import substitution); Finished product: -ilmenite, rutile, zircon Production capacity: – from to tones annual Potential markets: domestic market and export Required financing: USD 32 mln. Required investor type: Project initiator ☑ Equity ☐ Debt ☑ Technology transfer ☑ Other Company name: LLP «EXPO- engineering» Year of establishment: Presence on the market: Developed brands: Current operation: Project initiator’s contacts: LLP «EXPO-engineering» Alimova Shynar Specialist at Sectoral department for mining and metallurgy, “KAZNEX INVEST” JSC Tel.: (1064) Contact information

1313 CONFIDENTIAL Project information Contact Organization of production of steel welded pipes with diameter Ø 273 – 630 мм Project profitability for the period of 8 years (in th. USD) (Рентабельность проекта за 8 лет) Project profitability Project cost: USD 32 mln. Location: Pavlodar, industrial zone. Implementation period: Project scope: - the development of industrial non-oil sector of the country, the market of metal products ; - increasing the supply of domestic products in the steel market; - decline in imports of tubular goods (import substitution); - increase exports of finished products in CIS countries; -New workplaces creation (from 154 to 352 ) Finished product: - Welded Steel Pipes with diameter Ø 273 – 630 мм. Production capacity: -100 thous.t. in first year, 200 thous.t. in 2 nd year, then 250 and 300 thousand tons annual Potential markets: CIS countries Provision of land and premises: availability of basic warehouse space in the city of Astana in the property of LLP "Steel Trade-NA" with a total area of 2.5 hectares; Required financing: USD 32 mln. Required investor type: Company name: LLP «EXPO – engineering» Year of establishment: Presence on the market: Developed brands: Current operation: Project initiator Project profitability ☑ Equity ☐ Debt ☑ Technology transfer ☑ Other Project profitability for the period of 5 years (in th. USD) Payback Period : 1,4 years Payback Period disc.: 1,6 years Project NPV (5 years) mln. tenge Project IRR 93% Project profitability IndicatorYear 1Year 2Year 3Year 4Year 5 Revenue COGS Net profit Project initiator’s contacts: LLP «EXPO-engineering» Alimova Shynar Specialist at Sectoral department for mining and metallurgy, “KAZNEX INVEST” JSC Tel.: (1064) Contact information