1. 1 CONFIDENTIAL Acquisition and greenfield investment opportunities chemical and petrochemical industries in Kazakhstan October 2015 This Presentation does not constitute an offer or invitation to the public in any jurisdiction to purchase any shares or assets of any Company, and does not constitute or form any part of any offer or invitation to purchase shares, nor shall it or any part of it form the basis of, or be relied upon, in any way in connection with any contract or investment decision relating to any shares. Information contained herein should be treated as confidential. Copying or distributing without prior written consent from Kaznex Invest is prohibited.  Wide range of mineral and hydrocarbon materials  Significant reserves of energy, water and other natural resources  Large fast-growing domestic market, which provides great potential for import substitution  Favorable political background for foreign investment Market value rangeSectors Best locations 12345 Basic chemistry Agricultural chemistry Petrochemistry Household chemisrty

2. 2 CONFIDENTIAL Project information Contact Construction of the plant for the production of rubber products with a capacity of 240 thousand square meters per year Project profitability for the period of 7 years (in mln. USD) Project profitability Project cost: USD 33 mln. Location: Akmola region, Zerendy area, village of Altybai Implementation period: 2014-2017 Project scope: The introduction of innovative technologies for the production of rubber conveyor belts with plant construction Finished product: Rubberized fabric conveyor tapes, paternoster flat belts Production capacity: 240 thousand square meters per year Potential markets: grain-producing regions of Kazakhstan, mining processing plants, power plants, as well as enterprises of the Customs Union Provision of land and premises: supplier of raw material – Rubber products plant of Russia Required financing: USD 33 mln. Required investor type: Payback Period 4,3 years Payback Period disc. 5 years Project capex USD - mln. Project IRR 15% Company name «RTI Agro» LLP Year of establishment - Presence on the market: - Current operation: Wholesale of agricultural machinery, equipment and spare parts Project initiator Project profitability ☑ Equity ☑ Debt ☐ Technology transfer ☐ Other Contact information Project initiator’s contacts: «RTI Agro» LLP IndicatorYear 2Year 3Year 4Year 5Year 6Year 7 Revenue Gross Profit Malika Aitzhanova Specialist at Sectoral department for chemical and pharmaceutical projects, KAZNEX INVEST, JSC Mob: +7 777 226 93 72 E-mail: m.aitzhanova@kaznexinvest.kz

3. 3 CONFIDENTIAL Malika Aitzhanova Specialist at Sectoral department for chemical and pharmaceutical projects, KAZNEX INVEST, JSC Mob: +7 777 226 93 72 E-mail: m.aitzhanova@kaznexinvest.kz Project information Contact Production of nitric acid Project profitability for the period of 7 years (in th. USD) Project profitability Project cost: USD 60 mln. Location: Aktobe region, Alga district Implementation period: 2015-2023 Project scope: organize the production of nitric acid for the use in production of fertilizers, synthetic dyes, explosives, cellulose nitrate varnishes, plastics, pharmaceuticals and other synthetic substances). Finished product: Nitric acid Production capacity: 600 tons per hour, 480 thousand tons per year Potential markets: domestic market – 50%, export – 50% Provision of land and premises: initiator is an experienced producer of different types of explosives in the country Required financing: USD 51 mln. Required investor type: IndicatorYear 1Year 2Year 3Year 4Year 5Year 6Year 7 Revenue COGS Taxes Net profit Payback Period 5 years Payback Period disc. 5.5 years Project capex USD mln. Project NPV USD mln. Project IRR 0.05% Company name SPA “Nitrohim Group” LLP Year of establishment 2000 Presence on the market: 2000 Current operation: Manufacture of explosives Project initiator Project profitability ☑ Equity ☑ Debt ☐ Technology transfer ☑ Other - off-take contract Contact information Project initiator’s contacts: SPA “Nitrohim Group” LLP

4. 4 CONFIDENTIAL Malika Aitzhanova Specialist at Sectoral department for chemical and pharmaceutical projects, KAZNEX INVEST, JSC Mob: +7 777 226 93 72 E-mail: m.aitzhanova@kaznexinvest.kz Project information Contact Production of ammonium nitrate Project profitability for the period of 7 years (in th. USD) Project profitability Project cost: USD 48 mln. Location: Aktobe region, Alga district Implementation period: 2015-2019 Project scope: creation of ammonium nitrate production (used in the production of industrial explosives and for agricultural purposes). Finished product: Ammonium nitrate Production capacity: 500 thousand tons per year Potential markets: domestic market – 50%, export – 50% Provision of land and premises: initiator is an experienced producer of different types of explosives in the country Required financing: USD 40.8 mln. Required investor type: IndicatorYear 1Year 2Year 3Year 4Year 5Year 6Year 7 Revenue COGS Taxes Net profit Payback Period years Payback Period disc. years Project capex USD mln. Project NPV (7 years) USD mln. Project IRR % Company name “KazCKUB “Nitrohim” LLP Year of establishment 1995 Presence on the market: 1995 Current operation: Manufacture of explosives Project initiator Project profitability ☑ Equity ☑ Debt ☐ Technology transfer ☑ Other - off-take contract Contact information Project initiator’s contacts: “KazCKUB “Nitrohim” LLP

5. 5 CONFIDENTIAL Malika Aitzhanova Specialist at Sectoral department for chemical and pharmaceutical projects, KAZNEX INVEST, JSC Mob: +7 777 226 93 72 E-mail: m.aitzhanova@kaznexinvest.kz Project information Contact Production of yellow waterproof and porous ammonium nitrate Project profitability for the period of 7 years (in th. USD) Project profitability Project cost: USD 48 mln. Location: Aktobe region, Alga district Implementation period: 2015-2019 Project scope: creation of ammonium nitrate production (used in the production of industrial explosives and for agricultural purposes). Finished product: Ammonium nitrate Production capacity: 500 thousand tons per year Potential markets: domestic market – 50%, export – 50% Provision of land and premises: initiator is an experienced producer of different types of explosives in the country Required financing: USD 40.8 mln. Required investor type: IndicatorYear 1Year 2Year 3Year 4Year 5Year 6Year 7 Revenue COGS Taxes Net profit Payback Period years Payback Period disc. years Project capex USD mln. Project NPV (7 years) USD mln. Project IRR % Company name “KazCKUB “Nitrohim” LLP Year of establishment 1995 Presence on the market: 1995 Current operation: Manufacture of explosives Project initiator Project profitability ☑ Equity ☑ Debt ☐ Technology transfer ☑ Other - off-take contract Contact information Project initiator’s contacts: “KazCKUB “Nitrohim” LLP

6. 6 CONFIDENTIAL Project information Contact Modernization of production technology of ammonite of type 6GV Project profitability for the period of 5 years (in th. USD) Project profitability Project cost: USD 22 mln. Location: Aktobe region, Alga district Implementation period: 2014-2015? Project scope: acquisition of automated packaging lines for finished products - Ammonite of type 6GV will increase the production of ammonite 6 GV by 24,5%. As a result, the level of manual labor will fall by 35% which will improve the industrial safety, improve working conditions. Finished product: Ammonite of type 6GV Production capacity: 5 thousand tons per year Potential markets: Mining companies of Kazakhstan Provision of land and premises: Required financing: USD 22 mln. Required investor type: IndicatorYear 2Year 3Year 4Year 5 Revenue COGS Taxes Net profit Payback Period years Payback Period disc. years Project capex USD mln. Project NPV (7 years) USD mln. Project IRR % Project initiator Project profitability ☑ Equity ☐ Debt ☐ Technology transfer ☐ Other OFF TAKE CONTRACT Contact information Project initiator’s contacts: «“Pari SA-AV” LLP Company name “Pari SA-AV” LLP Year of establishment - Presence on the market: - Developed brands: - Current operation: - Malika Aitzhanova Specialist at Sectoral department for chemical and pharmaceutical projects, KAZNEX INVEST, JSC Mob: +7 777 226 93 72 E-mail: m.aitzhanova@kaznexinvest.kz

7. 7 CONFIDENTIAL Malika Aitzhanova Specialist at Sectoral department for chemical and pharmaceutical projects, KAZNEX INVEST, JSC Mob: +7 777 226 93 72 E-mail: m.aitzhanova@kaznexinvest.kz Project information Contact Emulsion explosives production Project profitability for the period of 7 years (in th. USD) Project profitability Project cost: USD 12 mln. Location: Aktobe region, Alga district Implementation period: 2014-2015 Project scope: creation of production of emulsion explosives (fail-safe, powerful and effective means of initiating an explosion produced on the basis of the latest technological solutions and patents in this area). Replaces TNT. Finished product: Emulsion explosives Production capacity: 25 thousand tons per year Potential markets: domestic market – mining industry of Kazakhstan Provision of land and premises: initiator has own production of ammonia which is a raw material for the production of emulsion explosives Required financing: USD 12 mln. Required investor type: IndicatorYear 1Year 2Year 3Year 4Year 5Year 6Year 7 Revenue COGS Taxes Net profit Payback Period years Payback Period disc. years Project capex USD mln. Project NPV (7 years) USD mln. Project IRR % Company name “KazCKUB “Nitrohim” LLP Year of establishment 1995 Presence on the market: 1995 Current operation: Manufacture of explosives Project initiator Project profitability ☑ Equity ☑ Debt ☐ Technology transfer ☐ Other Contact information Project initiator’s contacts: “KazCKUB “Nitrohim” LLP

8. 8 CONFIDENTIAL Project information Contact Hydrogen peroxide production plant Project profitability Project cost: USD 30 mln. Location: Atyrau region, Makat area, Dossor Embinsky village Implementation period: 2 years Project scope: Production of highly effective chemical products such as hydrogen peroxide based on an innovative scheme Finished product: 60% industrial hydrogen peroxide Production capacity: 15-30 thousand tons per annum Potential markets: domestic market of Kazakhstan and CIS countries Provision of land and premises: gas is purchased from TCO (Atyrau) and water is supplied by Atyrau SuArnasy. Leasing project - 187 800 thousand tenge, bank loans - 150 tenge / 1 million USD, own funds - 28 170 thousand tenge / 187.8 thousand USD. Business plan is in its final stage. Required financing: USD 30 mln. Required investor type: Payback Period 3 years Company name “Asia Techno Service” LLP Year of establishment 2009 Presence on the market: - Developed brands: - Current operation: - Project initiator Project profitability ☑ Equity ☐ Debt ☐ Technology transfer ☐ Other Contact information Project initiator’s contacts: “Asia Techno Service” LLP Malika Aitzhanova Specialist at Sectoral department for chemical and pharmaceutical projects, KAZNEX INVEST, JSC Mob: +7 777 226 93 72 E-mail: m.aitzhanova@kaznexinvest.kz Business plan in its final stage

9. 9 CONFIDENTIAL Project information Contact Construction of the plant for the production of fuel pellets from biomass Project profitability for the period of 7 years (in th. USD)* Project profitability Project cost: USD 10,65 mln. Location: Atyrau region, Kurmangazy area, Golbin village Implementation period: 2016-2018 Project scope: This project involves the financing costs and a complex of measures aimed at implementation of the investment project for the design and construction of a plant for the production of fuel pellets from biomass, purchase of equipment and vehicles, as well as the project management. Finished product: Reed fuel pellets Production capacity: up to 120 thousand tons per year Potential markets: 100% - export (Europe) Provision of land and premises: initiator owns a land of 10 ha, long-term rental for 49 years of 25 000 ha for reed mowing. Equipment - LLC "SPiKo", Russia. Technical conditions for electricity and gas are obtained. Permits from Emergency department and Sanitary department are received. A letter from potential buyers of fuel pellets, as well as a letter from an interested trader are available. Required financing: USD 8,07 mln. Required investor type: Indicator Year 0 Year 1Year 2Year 3Year 4Year 5Year 6Year 7 Revenue010 80011 03211 26811 51011 75612 00712 264 COGS01 3591 3891 4181 4481 4801 5121 544 EBITDA-1173 0583 1493 2433 3393 4363 5353 636 Depreciation0795 Taxes0587629649668688707727 Net profit-1172 4692 5192 5942 6712 7482 8282 908 Payback Period 3,5 years Payback Period disc. 4,5 years PI 1.86 Project capex USD 9,5 mln. Project NPV USD 6,6 mln. Project IRR 42% Company name “Akkamys” LLP Year of establishment 2009 Presence on the market: - Developed brands: - Current operation: Control over the construction of the plant and design planning Project initiator Project profitability ☑ Equity ☑ Debt ☐ Technology transfer ☐ Other Contact information Project initiator’s contacts: “Akkamys” LLP *converted using eur/usd exchange rate of 1.076 Malika Aitzhanova Specialist at Sectoral department for chemical and pharmaceutical projects, KAZNEX INVEST, JSC Mob: +7 777 226 93 72 E-mail: m.aitzhanova@kaznexinvest.kz

10. 1010 CONFIDENTIAL Project information Contact Resins production plant Project profitability Project cost: USD 1 mln. Location: East Kazakhstan region, city of Ust- kamenogorsk, village of Zagorodnij 1 Implementation period: 3 years Project scope: production of polyester resin is completely ready, wholesale purchase of raw materials to create a competitive price is needed. Manufacturing of epoxy resins requires modification to the industrial levle, additional laboratory tests are needed to expand the range. Finished product: Polyester resin - low cost, general purpose resin, casting resin. Epoxy resin - high chemical resistance, ease of production. Production capacity: 1.2 thousand tons per annum Potential markets: domestic market of Kazakhstan and CIS countries Provision of land and premises: land plot with production premises is available Required financing: USD 0.3 mln (for wholesale purchase of raw materials) Required investor type: Company name “LIK-ZPKI” LLP Year of establishment 2004 Presence on the market: - Developed brands: Polyester resins under the brand LIK Glass-plastic equipment under the brand ZPKI Current operation: Project initiator ☑ Equity ☑ Debt ☐ Technology transfer ☐ Other Contact information Project initiator’s contacts: “LIK-ZPKI” LLP Malika Aitzhanova Specialist at Sectoral department for chemical and pharmaceutical projects, KAZNEX INVEST, JSC Mob: +7 777 226 93 72 E-mail: m.aitzhanova@kaznexinvest.kz Business plan in its final stage

11. 1 CONFIDENTIAL Project information Contact Special Economic Zone “Chemical park “Taraz” Project profitability Project cost: USD 2 687 mln. Location: SEZ “Chemical Park “Taraz”, Zhambyl region, Shu district Implementation period: 2013-2016; 2017-2025 Project scope: the creation of an industrial zone that comprizes more than 15 enterprises for the processing of local raw materials and the production of export-oriented chemical products with high value added Finished product: 25 units of chemical products, including 8 innovative products Production capacity: total production capacity of more than 2 million tons per year Potential markets: domestic and export markets Provision of land and premises: public funds - 107 million USD were allocated for the construction of infrastructure of SEZ. A land plot of an area of 505 hectares has been allocated for the project needs, the project feasibility study is developed, a management company with the participation of Jurong (Singapore) has been established, external infrastructure Required financing: USD 2 580 mln. Required investor type: Compa ny name “United Chemical Company” LLP Year of establis hment 2009 Subsidi aries: “JV Kazgoldreagent” LLP “Polymer Production” LLP “MC “SEZ” Chemical Park “Taraz” JSC “Him-plus” LLP “KLPE” LLP “Kazakhstan Petroche- mical Industries Inc.” “Sulfuric acid plant “KazAtomProm” LLP Current operati on: Coordination and operation of chemical projects in the country Project initiator ☑ Equity ☑ Debt ☑ Technology transfer ☐ Other Contact information Project initiator’s contacts: “United Chemical Company” LLP Malika Aitzhanova Specialist at Sectoral department for chemical and pharmaceutical projects, KAZNEX INVEST, JSC Mob: +7 777 226 93 72 E-mail: m.aitzhanova@kaznexinvest.kz As for confidentiality terms, additional information on financial model and project documentation will be provided upon personal request

12. 1212 CONFIDENTIAL Project information Contact Lube base oils production plant Project profitability for the period of 7 years (in th. USD) Project profitability Project cost: USD 808 mln. Location: Shymkent, South Kazakhstan region Implementation period: 2016-2018 Project scope: The need to build a plant for the production of base oils in Kazakhstan is explained by the lack of similar production in Kazakhstan as a result of which the company imports all base oils required to operate the plant for motor oils. Currently the production plant of commercial oils is not fully loaded due to the lack of raw material - base oils. Thus, the company plans to produce its own base oils that will reduce costs for the purchase of raw materials. Finished product: Lube base oils of type I, II, III Production capacity: over 250 thousand tons per year Potential markets: domestic market-50%, export-50% Provision of land and premises: Hyundai Engineering Co.Ltd.-general contractor, Petro Kazakhstan Oil Products-supplier of raw material, Chevron Lummus Global-licenser, supplier of technology and hydrocracking equipment, catalysts. A land plot of 55 ha is obtained (in close distance to raw material supplier site), feasibility study is developed, marketing analysis -Nexant Limited. Required financing: USD 640 mln. Required investor type: IndicatorYear 0Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10 Revenue10 80011 03211 26811 51011 75612 00712 264 COGS EBITDA Depreciati on071 47063 55356 58050 43745 02140 24336 02532 29929 00526 091 Taxes587629649668688707727 Net profit284 010 597 584 627 640656 962668 977693 837712 922712 107 Project IRR 23.76 % Payback Period disc. 7,35 years Project capex USD - mln. Project NPV USD 1 517 mln. Company name “HILL Corporation” LLP Year of establishment 2005 Presence on the market: 2010 Developed brands: HILL, Fastroil Current operation: Production of motor and industrial oils Project initiator Project profitability ☑ Equity ☑ Debt ☐ Technology transfer ☐ Other Contact information Project initiator’s contacts: “HILL Corporation” LLP Malika Aitzhanova Specialist at Sectoral department for chemical and pharmaceutical projects, KAZNEX INVEST, JSC Mob: +7 777 226 93 72 E-mail: m.aitzhanova@kaznexinvest.kz

13. 1313 CONFIDENTIAL Veronika Yun Manager at Sectorial department on agriculture and food processing, KAZNEX INVEST, JSC Mob: +7 771 805 4083 E-mail: yun@kaznexinvest.kz Project information Contact Construction of mini oil processing plant Project profitability Project cost: USD 54 mln. Location: North-Kazakhstan region, Kyzylzhar district, Peterfield vil. (15 km from Petropavlovsk) Implementation period: 2015-2017 Project scope: The aim of the project is to reduce import and to meet the market demand for fuel and lubrication materials in the North-Kazakhstan region. There is an agreement with Russian side to supply crude oil. Near the city of Petropavlovsk there are oil pipe lines, and preliminary permit documentations to incut into the pipeline are available. Finished product: Confectionery products Production capacity: tar – 102 thousand, base oils – 82 thousand, petrol – 97 thousand, diesel oil – 180 thousand, paraffin – 17 thousand tons per year Potential markets: local market of Kazakhstan, Russia Provision of land and premises: the land of 60 hectares is allocated Required financing: USD 20 mln. Required investor type: Company name «NORD PETROIL» LLP Year of establishment 2015 Current operation: «NORD PETROIL» LLP is a new company specially created for this project realization. Project initiator ☑ Equity ☑ Debt ☐ Technology transfer ☐ Other Contact information Project initiator’s contacts: Aktobe confectionery factory Project profitability Project capex USD 20 mln. ProjeIRR 26% Project profitability As for confidentiality terms, additional information on financial model and project documentation will be provided upon personal request