JSC Halyk Bank: Resolutions adopted at the Annual General Shareholders' Meeting

Resolutions adopted at the Annual General Shareholders' Meeting held on 21 April 2017

Following the Annual General Shareholders' Meeting held on April 21, 2017, the Board of Directors of JSC Halyk Bank (LSE: HSBK ) hereby announces resolutions adopted at the Annual General Shareholders' Meeting.

The following resolutions on items of the agenda have been adopted:

1. The agenda of the Annual General Shareholders' Meeting of JSC Halyk Bank as of 21 April 2017 was approved by majority of total voting shares.

2. JSC Halyk Bank's annual financial statements for the year ended 31 December 2016 and independent auditor's report was approved by simple majority of total voting shares.

3. The following procedure of distribution of net income of JSC Halyk Bank for the 2016 was approved by simple majority of total voting shares:

1) the dividends on common shares of JSC Halyk Bank shall not be accrued and not be paid; 2) the net income of JSC Halyk Bank for the year ended 31 December 2016 shall not be distributed and shall be allocated to retained earnings.

4. To take into consideration the 2016 Performance Report of the Board of Directors of JSC Halyk Bank as submitted to the Annual General Shareholders' Meeting and to acknowledge the performance of the Board of Directors and execution of functions by the members of the Board of Directors as positive. The resolution was approved by simple majority of total voting shares.

5. Composition of the Board of Directors of JSC Halyk Bank in the number of 7 (seven) persons was approved by simple majority of total voting shares.

6. Determination of the term of powers of the Board of Directors of JSC Halyk Bank was approved by simple majority of total voting shares.

7. Election of the following persons to the Board of Directors of JSC Halyk Bank was approved by means of cumulative voting: Alexander Pavlov, Anvar Saidenov, Arman Dunayev, Christof Ruehl, and Frank Kuijlaars as Independent Directors, Mazhit Yessenbayev as a representative of JSC Holding Group 'ALMEX', and Umut Shayakhmetova.

8. To take into consideration the information on the amount and structure of remuneration of the members of Board of Directors and Management Board. The resolution was approved by simple majority of total voting shares.

9. The proposed amendments to the Charter of JSC Halyk Bank were approved by simple majority of total voting shares. Powers of attorney to sign amendments to the Charter of JSC Halyk Bank were entrusted to the Corporate Secretary Mr. Igor Lyashenko.

10. The proposed amendments to the Corporate Governance Code of JSC Halyk Bank as submitted for consideration to the Annual General Shareholders' Meeting were approved by qualified majority out of total voting shares.

11. The proposed amendments to the Regulations on the Board of Directors of JSC Halyk Bank as submitted for consideration to the Annual General Shareholders' Meeting were approved by simple majority out of total voting shares.

12. To take into consideration the information on shareholders' appeals on actions of JSC Halyk Bank and its officials as proposed to the Annual General Shareholders' Meeting and on results of consideration thereof. The resolution was approved by simple majority of total voting shares.

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