Major and interested-party transactions

Major transactions

In the reporting period, no transactions recognised as major transactions under the Law of the Republic of Kazakhstan On Joint Stock Companies and KMG’s internal documents were made by the Board of Directors or the General Shareholders’ MeetingIn accordance with the Law On Joint-Stock Companies of the Republic of Kazakhstan, a major transaction is a transaction or a series of interrelated transactions resulting in the (potential) acquisition or disposal of property by a company, the value of which amounts to twenty-five percent or more of the total book value of such company’s assets..

Interested-party transactions

In the third quarter of the reporting period, KMG’s Board of Directors approved one transaction recognised as an interested party transaction under the Law of the Republic of Kazakhstan On Joint Stock Companies and associated with the acquisition or disposal of property, the value of which is 10% or higher of the total book value of KMG’s assets, namely disposal of 100% of ordinary shares in JSC KazTransGas (JSC NC QazaqGaz) through a Sale and Purchase Agreement between JSC NC KazMunayGas and JSC Samruk-Kazyna. On 9 November 2021, all ordinary shares of JSC NC QazaqGaz were transferred to JSC Samruk-Kazyna. The disposed asset amounts to 13% of the total book value of KMG’s assets.