1. Why Kazakhstan is attractive for foreign investors? National Export & Investment Agency “KAZNEX INVEST” Ministry of Investment and Development

2. 2014f GDP per capita (ths.USD)GDP (bln.USD) Inflation (%) Gross International Reserves and Assets of the National Fund of RK (bln.USD) Unemployment rate from 1999 to 2013 decreased by 8% Inflation from 1999 to 2013 decreased by 13% Unemployment rate (%) Birth rate (per 1000 people) GDP from 1999 to 2013 increased by 14 timesGDP per capita from 1999 to 2013 increased by 12 times Government External Debt to GDP (%) Government External Debt decreased by 14% The total amount of gross FDI from 2005 to 2014 amounted to $207.6 billion. Average monthly nominal wage increased by 6.8 times Stable macroeconomic indicators and high growth Source: National Bank of the RK, Committee on Statistics of the Ministry of National Economy of the RK, IMF GDP growth (%) Average monthly nominal wage (USD) 2014

3. FDI attraction Source: National Bank of the RK FDI in the manufacturing sector 17.6 $ bln. 74% FDI in the manufacturing sector 6.1 $ bln. 26 % Since 2005, gross inflows of FDI in the manufacturing sector amounted to $ 23.7 billion, of which: From 2010 to 2014 gross inflow of FDI in the manufacturing industry was 17.6 billion USD, which corresponds to 74% of total FDI inflows in the manufacturing industry since 2005.

4. Kazakhstan in the world ranking for reserves Natural resources Kazakhstan in the world ranking for production Source: U.S. Geological Survey, Mineral Commodity Summaries 2014; BP Statistical Review of World Energy, June 2014; U.S. Energy Information Administration, Independent Statistics and Analysis; The Global Source, The Silver Institute; Thomson Reuters GFMS, Gold Survey 2013 Update 1.

5. Doing Business 2015 Italy - 56 Russia - 62 Kazakhstan – 77 rank China - 90 The Global Competitiveness Index 2014-2015 China – 28 Italy – 49 Kazakhstan – 50 rank Russia– 53 Protecting Minority Investors Italy - 21 Kazakhstan – 25 rank Russia – 100 China – 132 Protecting Investors Kazakhstan – 22 rank Italy - 45 China – 83 Russia– 98 Trust in political institutions index China – 26 Kazakhstan – 34 rank Russia – 74 Italy – 139 Taxation Kazakhstan – 17 rank Russia – 49 China – 120 Italy – 141 Platforms for dialogue between public authorities and investor Foreign Investors’ Council chaired by the President on strategic issues Council for improvement of investment climate chaired by the Prime Minister on systemic issues Investment Ombudsman chaired by the Minister on Investments and Development on current problems of investors Political stability and good investment climate Source: World Bank, Doing Business 2015; World Economic Forum, Global Competitiveness Report 2014-2015

6. Metallurgy 1 1. Ferrous metallurgy 2. Non-ferrous metallurgy 3. Agricultural chemistry 4. Production of chemicals for industry 5. Oil refining 6. Petrochemical industry 13. Production of construction materials 7. Manufacture of motor vehicles 8. Electrical equipment 9. Agricultural machinery engineering 10. Railway machinery engineering 11. Mining equipment 12. Oil producing equipment; oil and gas refining equipment 14. Food production Chemical Industry 2 Petrochemical Industry 3 Machinery 4 Production of construction materials 5 Food Industry 6 Priority sectors

7. Oil refining - $1.7 bln. Construction materials - $1.3 bln. 0,6 Domestic production 3.8 8.9 2.1 8.2 1.1 0.6 0.94 0.34 1.2 2.6 Domestic production Import 0.4 0.05 0.6 1.1 Petrochemicals - $0.5 bln. Foodstuffs - $3.8 bln. MMC - $12.7 bln. Machinery Industry - $10.3 bln. Chemical Industry - $1.7 bln. Industrial niches Domestic production Import

8. SEZ Providing the land in the territory of the SEZ for a period of up to 10 years Tax benefits CIT – 0% Land tax– 0% Property tax– 0% VAT – 0% (on all goods completely consumed in the production process) Exemption from customs duties for goods imported into SEZ territory Customs privileges Simplified procedure for recruiting foreign workers Other privileges The "one window" principle for the investor and service support for investment Information, consulting, organizational and other assistance to the investor Assistance in obtaining the required approvals and permits Support for investment project till the start of the production Provision of services to foreign investors and representatives of Kazakhstan business Support for investors Priority types of activities: 1. Metallurgy 2. Chemical Industry 3. Petrochemical Industry 4. Machinery 5. Production of construction materials 6. Food Industry Customs privileges Customs duties 0% on the import of: equipment and its components, spare parts, raw materials and supplies. State in-kind grants Land plots, buildings, machinery and equipment in property. Tax benefits CIT – 0 % 10 years Land tax – 0% 10 years Property tax– 0% 8 years Investment reimbursement Up to 30% of construction and installation works and equipment Migration benefits The right to employ foreign labor without quotas and permits Visa-free travel for citizens of 10 countries *for priority investment projects Stable legislation Stability of tax legislation for all taxes except VAT and excise (subject to investment contract) SPECIAL ECONOMIC ZONES INVESTMENT PREFERENCES* INCENTIVES NEW INCENTIVES (since 2014)*

9. 1 st level Border regions of Russia 2 nd level  Russia  Ukraine  Belarus 3d level Western regions of China 5 th level  Iran  Azerbaijan and other Caucasian countries 4 th level  China  Uzbekistan  Tajikistan  Turkmenistan  Kyrgyz Republic High Low Level of integration of the macro-region 1 2 4 3 5 Kazakhstan is a member of the Customs Union with Russia and Belarus: - free trading without customs duties - access to population over 170 mln. people Market of the macro-region

10. RUSSIAN FEDERATION 143.5 mln. UZBEKISTAN 30.2 mln. TURKMENISTAN 5.2 mln. KAZAKHSTAN 17 mln. Western Europe – Western China corridor on the territory of Kazakhstan (2,787 km=1,732 miles) PEOPLE’S REPUBLIC OF CHINA 1.4 bln. MONGOLIA 2.8 mln. INDIA 1.3 bln. BELARUS 9.5 mln. IRAN 77.4 mln. PAKISTAN 182.1 mln. TURKEY 74.9 mln. Western Europe – Western China corridor (8,445 km=5,247 miles) Lianyungang St. Petersburg Aktobe Shymkent KYRGYZSTAN 5.7 mln. LOCATION AND INFRASTRUCTURE Infrastructure The Kazakhstan’s geographical position makes it a natural crossroads for major transit corridors from East to West, from North to South. The transcontinental automobile road corridor “Western Europe – Western China” passes through the territory of Kazakhstan. The corridor will allow to deliver freights from China to Europe in 10 days. There is a territory with population of more than 3.3 bln. people within a radius of 2 thsd. km (1,243 miles) from Kazakhstan. The flight time from most European destinations is five hours.

11. Population 100 000 – 200 000 200 000 – 500 000 500 000 – 1 000 000 > 1 000 000 Electrified, high-speed line (1,320 km=820 miles ) Freight and passenger line Constructed in 2010-2014 Western Europe – Western China corridor (2,787 km) CONSTRUCTION OF TRANSPORT AND LOGISTICS INFRASTRUCTURE Infrastructure Temirtau Oskemen Taldykorgan Turkestan Uralsk Atyrau Aktau Kostanay Petropavlosk Kokshetau Pavlodar Astana Karaganda Almaty Taraz Shymkent Kyzylorda Aktobe Semey Ekibastus Rudniy TURKMENISTAN, IRAN EUROPE, RUSSIAN FEDERATION CHINA IRAN Aktau seaport Khorgos dry port

12. Thank you for your attention National Export & Investment Agency “KAZNEX INVEST” Ministry of Investment and Development