1. Samruk-Kazyna Ұлттық Әл - ауқат Қоры Mortgage lending program for acquisition of accommodation under construction “National welfare fund “Samryk-Kazyna” JSC

2. Samruk-Kazyna Ұлттық Әл - ауқат Қоры Content 1.Scheme of accommodation acquisition at free price 2.Scheme of accommodation acquisition at fixed price

3. Samruk-Kazyna Ұлттық Әл - ауқат Қоры 3 1. Scheme of realization of measures concerning acquisition of accommodation via Banks of second level at free price in the ready or under construction objects of real estate NWF “Samryk-Kazyna” Bank “A” Lending terms; 1. Annual efficient fee rate no more than 10,5%; 2. Term – no more than 15 years; 3. Right of anticipated repayment of mortgage loans without any sanctions of the Bank; 4. Down payment of 20% of the apartment’s cost; (it is located in the Bank at the deposit with extra fee on the term till commission of the object); 5. Possible delays in paying the basic debt up to 2 years. Borrower: - Represents necessary package of documents; - Tenders down payment of 20% of the apartment’s cost; - Awaits till the bank forms the pool of borrowers. Bank during 60 days then every month: - Makes decisions concerning granting of loans; - Concludes mortgage agreement with borrower; - Forms pool of customers no less than 30% of the general amount of non-sold apartments; - Sends the package of documents to NWF “Samryk-Kazyna” to get money. How to form mortgage loan To buy apartment in our R/E You need to address to Bank “A” Bank – list of approved loans Funding of Bank for giving loans Special deposit agreement Payment for accommodation on mortgage loans Conclusion of loan agreement with Bank R/E “A” object R/E “B” object Объект Ж/К “В» R/E “C” object Borrower pool 1 2 3 4 5 6

4. Samruk-Kazyna Ұлттық Әл - ауқат Қоры 1.Customer chooses an object where he plans to buy an apartment at free price. The object must be the primary object of real estate (under construction or completed); Developer: offers free (non-sold) accommodation; informs a customer about the price; informs a customer about the name of the Bank he cooperates with (Bank where the developer has mortgage line that is financed at the expense of NWF “Samryk-Kazyna” (further - Fund) by funding Bank after forming “Pool of customers” by Bank and Developer). 2. Customer addresses to Bank to get loan deal: Represents the necessary package of documents for getting loan in accordance with internal demands of the Bank; Tenders down payment of 20% of the apartment's cost; In case if the Developer and Bank fail to form customer pool during 60 days than the Bank returns down payment to the customer paying the extra fee for all the period of deposit placement. To get a loan for acquisition of accommodation at free price under the terms offered by mortgage program: 4

5. Samruk-Kazyna Ұлттық Әл - ауқат Қоры 5 3. At positive decision of Credit Committee of the Bank the customer: Concludes agreement for participation in joint construction/purchase and sale agreement of completed primary accommodation with Developer and represents it to Bank; Concludes loan agreement with Bank; Wait for the Bank to form “Pool of customers” concerning the object. 4. Bank realizes the following measures : During 60 days forms ’”borrowers pool” that must be no less than30% of the general amount of non-sold accommodation; Makes decision of Credit committee about customers crediting (physical entities); Concludes loan agreements with borrowers; After forming the necessary “customers pool” Bank represents to the Fund the confirming documents for further funding of Bank. 5. Having considered the package of documents Fund realizede funding of Bank (places special deposit). 6. Having received funding Bank realized crediting of physical entities to acquire accommodation in the object. To get a loan for acquisition of accommodation at free price under the terms offered by mortgage program:

6. Samruk-Kazyna Ұлттық Әл - ауқат Қоры NWF “Samryk-Kazyna”» 6 2. Scheme of realization of measures concerning acquisition of accommodation via second-level Banks at fixed price in real estate objects 20-90% completed How to get loan fro acquisition of accommodation in the object under construction at fixed price To buy accommodation in our Object you need to address to Bank «А» 1 List of customers, Package of documents Non-finished construction object Bank «А» Lending terms 1. Annual efficient fee rate no more than 10,5%; 2. No more than 15 years; 3. Right of anticipated repayment without any sanctions of the Bank 4. Down payment of 20% of the accommodation's cost; 5. Possible delays of paying main debt up to 2 years; 6. 1sq.m of accommodation under construction costs 96 000 tenge in Astana and 120 000 tenge in Almaty. Borrower: - Represents the necessary package of documents; - Tenders down payment of no less than 20% of accommodation's cost. Bank during 20-60 days: - Makes decision concerning granting of loan; - Concludes loan agreement with borrower; -Sends the package of documents to NWF “Samryk-Kazyna” (further - Fund) to get money. Fund: - Once in a quarter provides on funding of Bank for further crediting of physical entities for buying accommodation in the given object crediting of developer in accordance with construction schedule. Loan application, Package of documents Loan agreement with Bank Special deposit agreement Funding of Bank for granting credits 3 4 5 6 Financing of developer in accordance with construction schedule Completion of object 7 2

7. Samruk-Kazyna Ұлттық Әл - ауқат Қоры 1.Customer chooses an object of uncompleted construction where he plans to buy an apartment at fixed price. Developer: offers free (non-sold) accommodation; Informs the customer about the name of the Bank he cooperates with (Bank where the developer has mortgage line that is financed at the expense of NWF “Samryk-Kazyna” (further - Fund) by quarterly Bank funding). 2. Customer addresses to Bank to form credit deal, he: Represents to the Bank the necessary package of documents to get loan in accordance with internal demands of the Bank; Tenders down payment of 20% of the accommodation’s cost; In case if Developer and Bank during 60 days do not conclude credit/mortgage line, Bank returns down payment to the customer paying extra fee for the whole period of deposit placing. 3.At positive decision of Bank Credit Committee about granting loan to borrower the customer: Concludes agreement for participation in joint construction with Developer and represents it to Bank; Concludes with Bank loan agreements and pledge agreement of right of demand on the agreement for participation in joint construction. To get a loan for acquisition of accommodation at fixed price under the terms offered by mortgage program: 7

8. Samruk-Kazyna Ұлттық Әл - ауқат Қоры 8 4. Bank during 60 days: Collects necessary documents from Developer to form loan, in particular, technical audit conclusion, enquiry from SACS about presence of non-realized apartments; Makes decision of Credit Committee concerning granting loan to Developer for construction completion and physical entities for acquisition of accommodation under construction; Concludes Loan Agreement, pledge Agreement of right of demands on Agreement for participation in joint construction; Represents confirming documents to the Fund for the further funding of the Bank; Bank during the term of construction of the object: collects necessary documents of physical entities that wish to buy accommodation in the object under construction to make decision concerning crediting and concludes mortgage agreement; 5.Having considered the package of documents the Fund realizes quarterly funding of the Bank (places special deposit) in accordance with object construction schedules; 6.Having received funding the Bank finances construction completion, in particular, by granting mortgage loans to physical entities that buy accommodation. To get a loan for acquisition of accommodation at fixed price under the terms offered by mortgage program:

9. Samruk-Kazyna Ұлттық Әл - ауқат Қоры 9 The following can re-finance mortgage loan received before under the terms of new mortgage program: 2. Bank: Makes decisions about re-financing on borrowers that got loans in banks before; Concludes Loan Agreement under new terms; 3. Bank directs the list of borrowers and package of confirming documents to get necessary funding to “Kazakhstan Mortgage Company ” JSC; 4. KMC having considered the package of documents funds the Bank (places special deposit) to realize re-financing by the Bank; 5. Having received funding from the Fund the Bank re-finances mortgage loans.