1. JSC «National Innovation Fund» (NIF) Mission: Promotion of productivity growth and transformation of the industrial structure towards high tech sectors Ministry of Industry and New Technologies Republic of Kazakhstan

2. NATIONAL INNOVATON FUND’S STRUCTURE 11 venture funds 6 Kazakhstani venture funds Center for engineering and technology transfer 6 technoparks + Alatau-IT-City 2 design offices KazSat NIF Investment projects Direct financing – 9 projects MINISTRY OF INDUSTRY AND NEW TECHNOLOGIES 5 foreign venture funds

3. NATIONAL INNOVATON FUND’S OPERATIONS 3 PRIORITY BRANCHES OF INNOVATION DEVELOPMENT Extractive industry Medicine/ Pharmaceutics/ Biotechnology Alternative energy Information- communication technologies Food industry New materials and nanotechnologies Direct financing (investments in innovative companies) Research and Development Funding Venture financing Services Support NIF Financial Support Nurturing the innovative environment in 15 innovation projects $ 32 mln$ 53 mln$ 4 mln in 11 venture fundsin 48 R&D projects $ 100 mln Annual Innovation Congress Innovation project competitions 6 technoparks

4. INVESTMENT PROJECTS 4 Aspan Telecom Industry: ICT Project costs: $1.3 mln. NIF’s Investments : $0.6 mln Business Telecom Industry : ICT Project costs : $1 mln. NIF’s Investments : $0.5 mln Pavlodar Woodworking Plant Industry: Construction materials Project costs : $10.6 mln. NIF’s Investments : $5.2 mln Stroitel Industry: Construction materials Project costs : $3.1 mln. NIF’s Investments : $1.4mln Glotur DS Multimedia Industry: ICT (Electronics) Project costs : $ 11mln. NIF’s Investments : $4.5mln Karaganda pharmaceutical complex Industry: Pharmaceutics Project costs : $8.5mln. NIF’s Investments : $2.8 mln

5. INVESTMENT PROJECTS (cont.) 5 Agrofos-Yug Industry: Chemicals Project costs : $15.7 mln.NIF’s Investments: $1.7 mln AB metalls Industry: Metallurgy Project costs : $7.5 mln.NIF’s Investments : $1.6mln Aitumar Industry: Construction materials Project costs : $39 mln.NIF’s Investments : $5 mln

6. Ch. Capital: 20$ mln. NIF’s share: 10$ mln Charter Capital: $150 mln. NIF’s share: $ 5 mln. Foreign Venture funds– $ 28 mln 5 funds Projects - 68 In Republic of Kazakhstan – $ 25 mln 6 founds Projects - 18 VENTURE FUNDS 6

7. 7 VENTURE FUNDS (KAZAKHSTAN) Lancaster Group Kazakhstan JSC Industry: general Fund’s size: $8 mln.NIF’s Investments : $4 mln TuranAlem SecuritiesJSC Industry: general Fund’s size: $12.2 mln. NIF’s Investments : $2.2 mln Сentras Capital JSC Industry: general Fund’s size: $22.3 mln. NIF’s Investments : $4.5 mln Glotur JSC Industry: ICT Fund’s size: $22 mln. NIF’s Investments : $8.8 mln Almaty Venture Capital JSC Industry: construction materials and technologies Fund’s size: $10 mln. NIF’s Investments : $5 mln Seven Rivers Capital JSC Industry: ICT Fund’s size: $0.5 mln. NIF’s Investments : $0.25 mln

8. 8 VENTURE FUNDS (FOREIGN) CASEF SEAF, IFC, SECO, USAID (Middle Asia) Industry: small and medium enterprises in Central Asia Fund’s size : $4.8 mln. Wellington Partners III Industry: ICT Fund’s size : $180 mln. Flagship Ventures Fund 2004 Industry: ICT and Life Sciences Fund’s size : $150 mln. Mayban-JAIC ASEAN Fund Industry: general Fund’s size : $40 mln. Vertex III Fund Industry: ICT Fund’s size : $174 mln. NIF’s Investments : $1.4 mln NIF’s Investments : $8.8 mln NIF’s Investments : $3 mln NIF’s Investments : $4.2 mln

9. R&D FUNDING 9 Investments in R&D: 4,2 mln dollars Quantity of projects by sectorInvestments by sector, in $ ‘000s Information technology (5) Biotechnologies (4) Mining-and-metallurgical integrated works (5) Mechanical engineering (6) Medicine (6) Petrogas (4) Agriculture (4) Building (1) The chemical industry (8) Electric power industry (3) Competition NIF50K (4) Information technology (47.6) Biotechnologies (70.5) Mining-and-metallurgical integrated works (56) Mechanical engineering (56.6) Medicine (104.9) Petrogas (40.1) Agriculture (24.1) Building (7) The chemical industry (85) Electric power industry (56.6) Competition NIF50K (24.8)

10. Technoparks and Alatau IT City FEZ 10 Alatau IT-City Algorithm UniScienTech KazNTU Astana Regional Technopark Almaty Regional Technopark Southern Kazakhstan Regional Technopark

11. KAZSAT Goal: to engineer and launch Kazsat telecommunication satellite into geostationary orbit, build the accompanying land complex and guidance control systems. «KazSat» is the first space satellite of Kazakhstan, whose launch initiated the practical implementation of space programs of the Republic of Kazakhstan. The satellite was launched on June 18, 2006. PROJECT COST: $75 mln NIF’s holding: 100% 11

12. Recent success stories Venture financing. Exit from venture fund “Advant” - is the first case of successful exits from venture funds among the former CIS countries. The profit of NIF - $300k. The venture fund’s lifetime - 6 years. The number of projects in the venture fund - 4. Exit year – 2010. Project financing. AB-metalls is one of NIF’s portfolio companies in metallurgy sector. The profit of NIF - $600k. NIF’s participation in the project - 6 years. Exit year – 2010. R&D funding. The results of “Resin hydrogenation catalysts” project is being discussed with potential buyers – Lanxess company from Germany. The estimated price - $3mln which is 20 times bigger than NIF’s initial investments.

13. OUR CONTACTS Aidyn Kulseitov President Phone No. +7 7172 571015 Email: ak09@nif.kz Zheksen Jalkibayev Vice-President Phone No. +7 7172 571017 Email: Zheksen.Jalkibayev@nif.kz Auelbek Tokzhanov 1 st Vice-President Phone No. +7 7272 599 816 Email: auelbek.tokzhanov@nif.kz Rassul Rakhimov Managing Director Phone No. +7 7172 571014 (int. 104) Email: Rassul.Rakhimov@nif.kz WEBSITE: www.nif.kz Aigerim Kaskyrbekova Head of International Affairs Dept Phone No. +7 7172 571014 (int. 241) Email: Aigerim.Kaskyrbekova@nif.kz