1. 1 CONFIDENTIAL Acquisition and greenfield investment opportunities in agriculture and food processing industry in Kazakhstan October 2015 This Presentation does not constitute an offer or invitation to the public in any jurisdiction to purchase any shares or assets of any Company, and does not constitute or form any part of any offer or invitation to purchase shares, nor shall it or any part of it form the basis of, or be relied upon, in any way in connection with any contract or investment decision relating to any shares. Information contained herein should be treated as confidential. Copying or distributing without prior written consent from Kaznex Invest is prohibited.  Vast farmland areas  Agriculture with a potential to increase efficiency  Market potential for processed food  Significant market consolidation potential Market value rangeSectors Best locations 12345 Agriculture Meat and dairy Poultry Confectionery Aquaculture

2. 2 CONFIDENTIAL Veronika Yun Manager at Sectorial department on agriculture and food processing, KAZNEX INVEST, JSC Mob: +7 771 805 4083 E-mail: yun@kaznexinvest.kz Project information Contact Phase-1 and Phase-2 of existing livestock farm expansion planning Project profitability for the period of 7 years (in th. USD) Project profitability Project cost: USD 5-15 mln. Location: Akmola region, Abylaikhan and Madeniyet farms Implementation period: 2016 Project scope: Acquisition of 700 breeding heifers (in addition to the existing 400 heads) to be grazed on free pasture land owned by the Company. The purpose of the breeding stock is to utilize free pasture and continuously supply bulls to the Freeyard. The second part consists of construction of specialized 3 000 head capacity, semi- open type, Freeyard (also known as Feedlot) for industrial fattening of young bulls and accumulation of subsidiaries. Finished product: Meat and meat products Production capacity: 3 500 heads of cattle, 1 600 thousand of tons of meat in liveweight per annum Potential markets: local market of Kazakhstan, Eurasian union, China Provision of land and premises: initiator owns 30 000 ha of pasture lands and natural hay lands mostly situated on 3 farms that currently grazes only 400 heads of cattle, 250 heads of horse and 1 200 heads of sheep Required financing: USD 8,9 mln. Required investor type: IndicatorYear 1Year 2Year 3Year 4Year 5Year 6Year 7 Revenue2 3493 5944 1554 7365 0855 1875 291 COGS2 2063 1443 5293 9284 1754 2644 356 Taxes67 6665 64 Net profit9431 7222 0702 4142 5952 6122 630 Payback Period 3,8 years Payback Period disc. 4,1 years Project capex USD 8,9 mln. Project NPV (7 years) USD 32 mln. Project IRR 10% Company name Esil Agro Holding Year of establishment 2004 Presence on the market: 2004 Developed brands: “Aina” Current operation: Production of dairy and poultry, and production of agricultural commodity of grain Project initiator Project profitability ☑ Equity ☐ Debt ☐ Technology transfer ☐ Other Contact information Project initiator’s contacts: Esil Agro Holding

3. 3 CONFIDENTIAL Veronika Yun Manager at Sectorial department on agriculture and food processing, KAZNEX INVEST, JSC Mob: +7 771 805 4083 E-mail: yun@kaznexinvest.kz Project information Contact Phase-1 and Phase-2 of new broiler farm establishment Project profitability for the period of 8 years (in th. USD) Project profitability Project cost: USD 5-15 mln. Location: Akmola region Implementation period: 2016 Project scope: Phase-1 of the project involves construction of 12 industrial poultry houses, to produce 3 000 tons of chicken meat per annum. Phase-2 consists of construction of the remaining 4 poultry houses (+1 000 tons), upon receiving the investment cash-back money from the Government. Finished product: Poultry meat and eggs Production capacity: up to 3,8 thousand tons of chicken meat annually Potential markets: local market of Kazakhstan, Eurasian union, China Provision of land and premises: initiator owns a land of 93 000 ha under management, of which 45 000 ha is arable land with potential expansion of another 50 000 of ha. Other assets include dairy farm complex, milk processing plant, livestock and 30 000 ha of pasture, as well as wholesale network with 3 branded shops sufficient enough to distribute company’s food products. Required financing: USD 11,7 mln. Required investor type: IndicatorYear 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8 Revenue5 8669 04210 30811 06711 28911 51511 74511 980 COGS4 8327 2708 2158 7418 9119 0879 269 9 438 Taxes87951019998969593 Net profit1 5292 5572 9753 2613 3133 4113 4153 482 Payback Period 4,5 years Payback Period disc. 4,8 years Project capex USD 11,7 mln. Project NPV (10 years) USD 1,8 mln. Project IRR 14% Company name Esil Agro Holding Year of establishment 2004 Presence on the market: 2004 Developed brands: “Aina” Current operation: Production of dairy and poultry, and production of agricultural commodity of grain Project initiator Project profitability ☑ Equity ☐ Debt ☐ Technology transfer ☐ Other Contact information Project initiator’s contacts: Esil Agro Holding

4. 4 CONFIDENTIAL Veronika Yun Manager at Sectorial department on agriculture and food processing, KAZNEX INVEST, JSC Mob: +7 771 805 4083 E-mail: yun@kaznexinvest.kz Project information Contact Phase-1 and Phase-2 of existing Dairy Farm with 1 800 heads of cows Expansion planning Project profitability for the period of 8 years (in th. USD) Project profitability Project cost: USD 5-15 mln. Location: Akmola region Implementation period: 2016 Project scope: Phase-1 of Milk division consists of an import of 500 heifers from Ukraine as to bring the existing farm to its full capacity. Phase-2 consists of constructing additional 600 heads capacity extension of the existing dairy farm (to reach new installed capacity of 1 800 dairy cow heads) and import of 600 heifers in the following years. Finished product: Milk Production capacity: 1 800 heads of cattle, 10.5 mln liters of raw milk per annum Potential markets: local market of Kazakhstan, Eurasian union Provision of land and premises: initiator owns a dairy farm complex with installed dairy cow capacity of 1 200 head of cows. The farm currently houses only 688 dairy cows and 500 calves. The farm produces raw milk, livestock (calves and bulls), as well as organic fertilizers Required financing: USD 9,3 mln. Required investor type: IndicatorYear 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8 Revenue3 3185 8457 9989 2879 7839 9089 91810 121 COGS2 6093 8144 8335 3165 5505 6575 7145 831 Taxes6389999795929087 Net profit 1 1451 9423 0663 874 4 1384 1594 1144 206 Payback Period 3,3 years Payback Period disc. 4 years Project capex USD 9,3 mln. Project NPV (8 years) USD 4,5 mln. Project IRR 26% Company name Esil Agro Holding Year of establishment 2004 Presence on the market: 2004 Developed brands: “Aina” Current operation: Production of dairy and poultry, and production of agricultural commodity of grain Project initiator Project profitability ☑ Equity ☐ Debt ☐ Technology transfer ☐ Other Contact information Project initiator’s contacts: Esil Agro Holding

5. 5 CONFIDENTIAL Veronika Yun Manager at Sectorial department on agriculture and food processing, KAZNEX INVEST, JSC Mob: +7 771 805 4083 E-mail: yun@kaznexinvest.kz Project information Contact Establishment of new dairy farm Project profitability for the period of 10 years (in th. USD) Project profitability Project cost: USD 0-5 mln. Location: Aktobe region, Kargaly region, Kosistek village Implementation period: 2016-2018 Project scope: to invest in the organization of milk based farm, which will help to eradicate the problem of quality of milk products and resolve food security issue in the Aktobe region, by the means pf providing quality dairy products for the population of the region Finished product: Packaged meat products and milk products Production capacity: up to 50 tones of milk and 10-15 tones of meat Potential markets: Primarily domestic market Provision of land and premises: initiator of project owns 1,500 m square farm complex, which consists of 2 bedroom house for the employees, food warehouses, stables for animals and main office building. Additionally the initiator of the project owns 765 hectares of pasture land. Raw materials are not outsourced but produced internally within the premises of the farm Required financing: USD 0,45 mln. Required investor type: Discount factor 4% Payback Period 2,2 years Payback Period disc. 3,2 years Project capex USD 0,45 mln. Project NPV (10 years) USD 0,55 mln. Project IRR 29% Company name “Janaturmys” Farm Cooperative Year of establishment 2002 Presence on the market: 2002 Current operation: Production of dairy and meat products, and production of agricultural commodity of fodder Project initiator Project profitability ☑ Equity ☑ Debt ☐ Technology transfer ☐ Other Contact information Project initiator’s contacts: Almaty Region, Karatal District, Ushtobe City, 3 Suyunbay street Indicator Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10 Gross profit757773790807825843861880899 EBITDA752768785802820838856875894 Interest9982664933191360 Taxes414446495153555758 Net profit551582613644676705728751775

6. 6 CONFIDENTIAL Veronika Yun Manager at Sectorial department on agriculture and food processing, KAZNEX INVEST, JSC Mob: +7 771 805 4083 E-mail: yun@kaznexinvest.kz Project information Contact Construction of the plant on white mushroom (champignon) production Project profitability for the period of 5 years (in th. USD) Project profitability Project cost: USD 0-5 mln. Location: North-Kazakhstan region, Petropavlovsk city Implementation period: 2016 Project scope: Construction of the plant on white mushroom (champignon) production with full production cycle of compost preparation, mushroom cultivation, with following processing. Finished product: white mushroom (champignon) Production capacity: 1 800 tones per year Potential markets: domestic market of Kazakhstan Provision of land and premises: initiator owns the land in the acreage of 3,97 ha, necessary for the production objects and availability of required infrastructure, as well as preliminary contract agreements with equipment suppliers. Required financing: USD 2,2 mln. Required investor type: IndicatorYear 2Year 3Year 4Year 5 Revenue 2 6183 273 COGS 1 696 Taxes 121132 143 153 Net profit 8011 4451 4341 424 Payback Period 2,2 years Payback Period disc. 5,3 years Project capex USD 2,2 mln. Project NPV (7 years) USD 0,5 mln. Project IRR 33% Company name «Gribnoi mir» LLP Year of establishment 2014 Presence on the market: 2015 Current operation: Project initiators are building the infrastructure with own financing Project initiator Project profitability ☑ Equity ☐ Debt ☐ Technology transfer ☐ Other Contact information Project initiator’s contacts: «Gribnoi mir» LLP

7. 7 CONFIDENTIAL Veronika Yun Manager at Sectorial department on agriculture and food processing, KAZNEX INVEST, JSC Mob: +7 771 805 4083 E-mail: yun@kaznexinvest.kz Project information Contact “Enbek” Farm Cooperative meat and milk producer from horse and goat Project profitability for the period of 7 years (in mln. USD) Project profitability Project cost: USD 5-15 mln. Location: Akmola region, Stepnogorsk town Implementation period: 2016 Project scope: production of meat and dairy products from horse and goat domestic animals. Currently the farm cooperative produces 290 tones of horse milk, 1000 tones of goat milk, 75 tones of horse meat and 53 tones of goat meat. Finished product: Packaged horse meat and milk; packaged goat meat and milk Production capacity: 290 tones of horse milk; 1000 tones of goat milk; 75 tones of horse meat and 53 tones of goat meat p/a. Potential markets: Primarily domestic market Provision of land and premises: initiator of the project owns 560 hectares of farm facilities. The local governing body provides 8300 hectares of pasture land for the needs of the project. the farm owns 560 hectares of pasture land. The local municipality provides additional 8300 hectares of land for the needs of the project. Required financing: USD 4,5 mln. Required investor type: ROE 16% Payback Period 2,5 years Payback Period disc. 2,9 years Project capex USD 3,3 mln. Project IRR 30% Company name «Enbek» Farm Cooperative Year of establishment 2011 Presence on the market: 2011 Current operation: production of meat and dairy products from horse and goat domestic animals. Project documentation is being developed for the project Project initiator Project profitability ☑ Equity ☑ Debt ☐ Technology transfer ☐ Other Contact information Project initiator’s contacts: «Enbek» Farm Cooperative Akmola region, Stepnogorsk town IndicatorYear 2Year 3Year 4Year 5Year 6Year 7 Revenue2,22,83,13,23,94,0 Gross Profit0,72,22,52,63,3

8. 8 CONFIDENTIAL Veronika Yun Manager at Sectorial department on agriculture and food processing, KAZNEX INVEST, JSC Mob: +7 771 805 4083 E-mail: yun@kaznexinvest.kz Project information Contact Establishment of the Dairy Farm with 600 heads of cows and modernization of the existing dairy plant for the production of European quality cheeses Project profitability for the period of 10 years (in th. USD) Project profitability Project cost: USD 5-15 mln. Location: Almaty region, Raimbek District, Kegen village Implementation period: 2016 Project scope: production of hard and soft types of cheese as well as dietary products for children and adults. This project is intended to ensure food security of the Almaty region and Almaty city with the management of the entire chain of production from livestock fodder to finished packaged products for retail Finished product: Chesses Production capacity: up to 1 000 tons of cheese (hard, ricotta, mozzarella and albumin cottage cheese ) annually Potential markets: local market of Kazakhstan, Eurasian union, China Provision of land and premises: initiator owns 2,064 hectares of agricultural lands for fodder farming, including 500 hectares of non-irrigated arable land, 384 hectares of hayfields and 1180 hectares of pastures. There is fully equipped 1000 sq.m. of processing facilities and 250 sq.m. food warehouses Required financing: USD 1,5 mln. Required investor type: IndicatorYear 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10 Gross profit 1 7336 7916 6489 82910 97110 94212 56914 86517 077 EBITDA 1 0934 8584 7337 7178 6608 53410 02211 98813 800 Interest 4284814313512711901439548 Taxes -168190350401398478582678 Net profit 1 4976 7824 0846 9887 9627 9209 37611 28613 051 WACC 6,89% Payback Period 4,1 years Payback Period disc. 4,5 years Project capex USD 8,9 mln. Project NPV (10 years) USD 32 mln. Project IRR 37,35% Company name «ASU LTD» LLP Year of establishment 2004 Presence on the market: 2006 Developed brands: «Live», «Protonic», «Ace» and «Altyn Kese (Golden Cup)" Total fixed assets: USD 7 mln Current operation: Company had temporally stopped its operations due to absence of required financing resources Project initiator Project profitability ☑ Equity ☐ Debt ☐ Technology transfer ☐ Other Contact information Project initiator’s contacts: ASU Ltd

9. 9 CONFIDENTIAL Nurzhan Dosbayev, Veronika Yun KAZNEX INVEST, JSC +7 7172 91 90 40 (int. 1119, 1124) E-mail: dosbayev@kaznexinvest.kz, yun@kaznexinvest.kz Project information Contact Establishing Dairy farm Project profitability for the period of 5 years (in USD) Project profitability Project cost: USD 0-5 mln. Location: Almaty region, Yeskeldi District, Baktibay village Implementation period: 2016-2022 Project scope: Horse breeding and Mare’s milk farm. This project is intended to ensure food security of the Almaty region. Finished product: Kumis, horse meet Production capacity: 45 tons of horse meet, 840 000 liters of mare’s milk Potential markets: local market of Kazakhstan, and CIS countries Provision of land and premises: Initiator owns 700 head cattle base, 100 hectares of land, agricultural complex with water, electricity, heating infrastructure, roads and farm machinery. Raw materials of cattle fodder will be bought from local farms. Required financing: USD 0,9 mln. Required investor type: Discount factor 8% Project ROI 41,0% Payback Period 3,7 years Project capex 875 000 USD Project NPV 450 000 USD Project IRR 20,5% Company name Uştöbe-Aydin LLP Year of establishment 2002 Presence on the market: 2002 Current operation: Agricultural complex on production of dairy products Project initiator Project profitability Contact information Project initiator’s contacts: Almaty Region, Yeskeldi district Uştöbe-Aydin LLP ☑ Equity ☑ Debt ☐ Technology transfer ☐ Other Year 1Year 2Year 3Year 4Year 5Total Sales150 000158 940225 750268 568226 5001 029 758 COGS117 403123 706132 011138 891148 216660 227 EBITDA32 59735 23493 739129 67778 284369 531 Interest & depreciation21 91918 98215 92812 9109 92679 665 Taxes2 1363 25015 56223 35313 67257 973 Net profit8 54213 00262 24993 41454 686231 893

10. 1010 CONFIDENTIAL Nurzhan Dosbayev, Veronika Yun KAZNEX INVEST, JSC +7 7172 91 90 40 (int. 1119, 1124) E-mail: dosbayev@kaznexinvest.kz, yun@kaznexinvest.kz Project information Contact Establishing agricultural farm on Jerusalem Artichoke cultivation Project profitability for the period of 5 years (in USD) Project profitability Project cost: USD 0-5 mln. Location: Eastern-Kazakhstan Region, Bistruha and Menovnoe villages Implementation period: 2016-2017 Project scope: Creation of a modern agricultural holding for breeding and deep processing of Jerusalem artichoke Finished product: Jerusalem artichoke Production capacity: 25 000 tonnes of Jerusalem Artochoke in various forms Potential markets: Kazakhstan and CIS countries Provision of land and premises: The company owns 350 hectares of pasture land, building and farm machinery Required financing: USD 1,6 mln. Required investor type: Discount factor 8% Project ROI 14% Payback Period 3 years Project capex 1.6 mln USD Project NPV 1.25 mln USD Project IRR 36,5% Company name Zelenstroy.kz LLP Year of establishment 2010 Presence on the market: 2015 Current operation: Agricultural complex on Jerusalem Artichoke ciltiation Project initiator Project profitability Contact information Project initiator’s contacts: Zelenstroy.kz LLP Eastern-Kazakhstan Region, Bistruha and Menovnoe villages ☑ Equity ☑ Debt ☐ Technology transfer ☐ Other In USD thousands Year 1Year 2Year 3Year 4Year 5Total Sales 89 50889 05196 500101 773108 134 484 966 COGS40 89433 74836 34540 97543 705195 667 EBITDA48 61455 30360 15560 79764 428289 297 Interest, depreciation and other 1 4694 2894 9953 8392 966 17 558 Taxes9 0336 5527 1967 3578 04338 181 Net profit36 13326 20828 78629 42832 170152 725

11. 1 CONFIDENTIAL Nurzhan Dosbayev, Veronika Yun KAZNEX INVEST, JSC +7 7172 91 90 40 (int. 1119, 1124) E-mail: dosbayev@kaznexinvest.kz, yun@kaznexinvest.kz Project information Contact Establishing a modern agricultural complex Project profitability for the period of 5 years (in th. USD) Project profitability Project cost: USD 90-100 mln. Location: Almaty region Implementation period: 2016-2017 Project scope: Construction of a modern agricultural complex Finished product: Horse, cattle, sheep, pig, chicken meet, poultry, milk and milk products, cattle fodder. Production capacity: 3 600 heads of cattle, 20 000 heads of sheep, 2 000 heads of pigs, 1000 heads of horse, 500 000 heads of chicken, 100 000 heads of broiler chicken Potential markets: Kazakhstan and CIS countries Provision of land and premises: The company owns land spot for the construction of the plant. Permissions had been granted on infrastructure. The project development team is completed. Required financing: USD 95,5 mln. Required investor type: Discount factor 10% Project ROI 28% Payback Period 5 years Project capex 95.5 mln USD Project NPV 92.5 mln USD Project IRR 25% Company name Almaty Engineering LLP Year of establishment 2004 Presence on the market: 2004 Current operation: Agricultural complex on farm engineering services Project initiator Project profitability Contact information Project initiator’s contacts: Almaty Engineering LLP ☑ Equity ☑ Debt ☐ Technology transfer ☐ Other In USD thousands Year 1Year 2Year 3Year 4Year 5Total Sales28 66931 03835 10339 19142 773176 774 COGS17 04818 46921 00623 42025 762105 705 EBITDA11 62112 56914 09715 77117 01171 069 Interest, depreciation and other7 5606 9556 3995 8875 41632 217 Taxes8121 1231 5401 9772 3197 771 Net profit3 2494 4916 1597 9079 27631 082

12. 1212 CONFIDENTIAL Nurzhan Dosbayev, Veronika Yun KAZNEX INVEST, JSC +7 7172 91 90 40 (int. 1119, 1124) E-mail: dosbayev@kaznexinvest.kz, yun@kaznexinvest.kz Project information Contact Establishing Wheat Starch and Gluten Plant Project profitability for the period of 5 years (in th. USD) Project profitability Project cost: USD 50-60 mln. Location: Almaty region, Yeskeldi District, Baktibay village Implementation period: 2016-2017 Project scope: Construction of a modern wheat starch and gluten plant in Kazakhstan’s Kostanai Region. Being located in the center of wheat harvesting region, the project gains advantage from wheat harvesting farm proximity. Finished product: Gluten, wheat starch, cattle fodder. Production capacity: Gluten – 4 500 t/year, wheat starch – 23 600 t/year, cattle fodder – 23 000 t/year Potential markets: USA, Mexico, Holland, Kazakhstan and CIS countries Provision of land and premises: The company owns land spot for the construction of the plant. Permissions had been granted on infrastructure. The project development team is completed. Required financing: USD 45,5 mln. Required investor type: Project capex 45,5 mln USD Project IRR 25% Company name AL-BM LLP Year of establishment 2002 Presence on the market: 2002 Current operation: Agricultural complex on production of wheat starch and gluten located in Kostanai Region, Zarechnyi village Project initiator Project profitability Contact information Project initiator’s contacts: AL-BM LLP Kazakhstan, Kostanay City, 71 Mailin street ☑ Equity ☑ Debt ☐ Technology transfer ☐ Other In USD thousands Year 1Year 2Year 3Year 4Year 5Total Sales25 04526 29727 61228 99330 443138 390 COGS14 92715 67316 45717 28018 14482 481 EBITDA10 11810 62411 15611 71312 29955 910 Interest, depreciation and other5 1204 0963 5843 0722 56018 432 Taxes1 0001 3061 5141 7281 9487 496 Net profit3 9995 2236 0576 9137 79129 983

13. 1313 CONFIDENTIAL Veronika Yun Manager at Sectorial department on agriculture and food processing, KAZNEX INVEST, JSC Mob: +7 771 805 4083 E-mail: yun@kaznexinvest.kz Project information Contact Establishment of the dairy farm on goat milk production Project profitability for the period of 8 years (in th. USD) Project profitability Project cost: USD 0-5 mln. Location: West-Kazakhstan region, Zelenovsky district, Shapovo village Implementation period: 2016 Project scope: construction of the Dairy farm on goat milk production with its further processing and production of goat cheese Finished product: Goat milk and cheese Production capacity: 750 heads of goats and 182 500 liters of goat milk per annum Potential markets: local market of Kazakhstan, Russia Provision of land and premises: initiator owns a dairy farm complex with installed space of 1 200 sq. m., production building of 450 sq. m. necessary agricultural equipment, as well as completed warehouse for ready products. Required financing: USD 0,2 mln. Required investor type: IndicatorYear 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8 Revenue88 191 4081 013 1 114 COGS25 395798 129 Taxes6,3 15,2 35,191,5 98,5 Net profit56,7 136,8315,9823,5 924,5 ROI 84% ROE 41% Payback Period 2,3 years Project capex USD 0,2 mln. Project NPV (8 years) USD 0,16 mln. Project IRR 46,6% Company name Bisekesh farm cooperative Year of establishment 2013 Presence on the market: 2013 Developed brands: Current operation: Production of dairy products Project initiator Project profitability ☑ Equity ☐ Debt ☐ Technology transfer ☐ Other Contact information Project initiator’s contacts: Bisekesh farm cooperative Bisekesh Beibit

14. 1414 CONFIDENTIAL Veronika Yun Manager at Sectorial department on agriculture and food processing, KAZNEX INVEST, JSC Mob: +7 771 805 4083 E-mail: yun@kaznexinvest.kz Project information Contact Establishment of the fish processing plant Project profitability for the period of 7 years (in th. USD) Project profitability Project cost: USD 0-5 mln. Location: Mangistau region, Aktau city Implementation period: 2016 Project scope: construction of the fish processing plant on the production of the processed Caspian sea anchovies Finished product: Anchovies Production capacity: 1 500 tons of anchovies per annum Potential markets: local market of Kazakhstan, Russia Provision of land and premises: initiator is in a process of receiving land and premises required for further project implementation. Required financing: USD 1,5 mln. Required investor type: IndicatorYear 2Year 3Year 4Year 5Year 6Year 7 Revenue 2 0702 2802 5102 7603 0403 340 COGS501690701716738763 Taxes 4747,754,261,369,177,3 Net profit 1 5691 5901 8092 0442 3022 577 PI 2,4 Payback Period 1,2years Project capex USD 1,5 mln. Project NPV (7 years) USD 2,6 mln. Project IRR 12 % Company name Mayor’s office of Mangistau region Year of establishment 2015 Presence on the market: 2015 Current operation: This is a greenfield project, therefore no operations are currently undertaken Project initiator Project profitability ☑ Equity ☑ Debt ☐ Technology transfer ☐ Other Contact information Project initiator’s contacts: Mayor’s office of Mangistau region

15. 1515 CONFIDENTIAL Veronika Yun Manager at Sectorial department on agriculture and food processing, KAZNEX INVEST, JSC Mob: +7 771 805 4083 E-mail: yun@kaznexinvest.kz Project information Contact Establishment of a slaughterhouse and a feedlot with further production of meat products Project profitability for the period of 10 years (in th. USD) Project profitability Project cost: USD 15-20 mln. Location: East-Kazakhstan region, Ayagoz town, Mamyrsu village Implementation period: 2016 Project scope: Establishment of the meat factory on production of freshly cold lamb with the slaughterhouse capacity of 1 400 heads of sheep and 200 heads of cattle per shift as well as further processing of leftovers into tankage Finished product: meat products and tankage Production capacity: 7,6 thousand of tons of meat annually Potential markets: local market of Kazakhstan, Eurasian union, Middle east and China Provision of land and premises: initiator owns 52 hectares of agricultural lands available for the construction. Availability of project documentation for the required infrastructure of electricity and water. Availability of contract agreements with technology and equipment suppliers Required financing: USD 14 mln. Required investor type: Company name Eurasia Agroholding LLP Year of establishment 1994 Presence on the market: 1994 Current operation: Production and distribution of meat products, animal (sheep) breeding Project initiator Project profitability ☑ Equity ☑ Debt ☑ Technology transfer ☐ Other Contact information Project initiator’s contacts: Eurasia Agroholding LLP As for confidentiality terms, additional information on financial model and project documentation will be provided upon personal request Payback Period 4,5 years Payback Period disc. 4,7 years Project capex USD 14 mln. Project IRR 20,86%

16. 1616 CONFIDENTIAL Veronika Yun Manager at Sectorial department on agriculture and food processing, KAZNEX INVEST, JSC Mob: +7 771 805 4083 E-mail: yun@kaznexinvest.kz Project information Contact Establishment of the modern factory on production of instant food in Special Economic Zone Project profitability Project cost: USD 10-15 mln. Location: Astana city, Special Economic Zone “Astana – new city” Implementation period: 2016-2018 Project scope: Establishment of the modern factory on production of instant food in Special Economic Zone. Among the main division of the factory will be instant noodles, confectionery, spices, instant tea and coffee, etc. Finished product: Instant noodles, confectionery, spices, instant tea and coffee Production capacity: 18,2 thousand of tons annually Potential markets: local market of Kazakhstan, Eurasian union, and China Provision of land and premises: Availability of land and premises required for the project as well as documentation for the required infrastructure of electricity and water. Availability of contract agreements with technology and equipment suppliers Required financing: USD 14,3 mln. Required investor type: Company name Kazbrand LLP Year of establishment 2001 Presence on the market: 2001 Current operation: Production and export of wheat and flour from Kazakhstan to neighboring countries Project initiator Project profitability ☑ Equity ☑ Debt ☑ Technology transfer ☐ Other Contact information Project initiator’s contacts: Kazbrand LLP As for confidentiality terms, additional information on financial model and project documentation will be provided upon personal request Project IRR 31,8% Payback Period 3,2 years Project capex USD 9,82 mln. Project NPV USD 24,7 mln.

17. 1717 CONFIDENTIAL Veronika Yun Manager at Sectorial department on agriculture and food processing, KAZNEX INVEST, JSC Mob: +7 771 805 4083 E-mail: yun@kaznexinvest.kz Project information Contact Construction of Greenhouse Complex with annual capacity of 300 tones Project profitability for the period of 7 years (in th. USD) Project profitability Project cost: USD 2,7 - 3mln. Location: Kostanai region, Lisakovsk town Implementation period: 2013-2016 Project scope: Construction of greenhouse complex to raise quality vegetable products Production of high quality, competitive and export oriented product Provide Kostanai region oblast with quality products Finished product: Vegetable crops – tomatoes and cucumbers Production capacity: 300-500 tones of crops per year Potential markets: Kostanai region, Kazakhstan and CIS countries Provision of land and premises: The company owns land spot for the construction of the greenhouse with the necessary infrastructure facilities Required financing: USD 2,4 mln. Required investor type: Payback Period 3,9 years Payback Period disc. 4,3 years Company nameGreen Island Kazakhstan LLC Year of establishment 2013 Presence on the market: 2015 Current operation: Greenhouse complex that raise vegetables with the highest quality Project initiator ☑ Equity ☑ Debt ☑ Technology transfer ☑ Other Contact information Project initiator’s contacts: «Green Island Kazakhstan» LLP As for confidentiality terms, additional information on financial model and project documentation will be provided upon personal request Project capex USD 2,4 mln. Project NPV (7 years) USD 1,9 mln. Project IRR 34% Project profitability

18. 1818 CONFIDENTIAL Veronika Yun Manager at Sectorial department on agriculture and food processing, KAZNEX INVEST, JSC Mob: +7 771 805 4083 E-mail: yun@kaznexinvest.kz Project information Contact Construction of a Plant to Produce Safflower Oil Project profitability Project cost: USD 1,1 mln. Location: Kostanai region, Zhitikara village (Industrial Zone of Zhitikara) Implementation period: 2016-2022 (6 years) Project scope: Construction of a plant that will produce the safflower oil with the cold pressing method Finished product: Safflower Oil and Oil Meal (processed safflower oil) Production capacity: 240,6 tones of Safflower Oil; 433,1 tones of Oil Meal per annum Potential markets: Local market; Russia Federation and China Provision of land and premises: The initiator owns 2 hectares of land in the industrial zone of Zhitikara Required financing: USD 0,9 mln. Required investor type: Company name “Kaz-IR Agro” LLC Year of establishment 2009 Presence on the market: Developed brand: 2009 “Safloria” Current operation: Economic feasibility study is being developed. Business plan is ready. Project initiator ☑ Equity ☐ Debt ☐ Technology transfer ☐ Other Contact information Project initiator’s contacts: Zhambyl Region, Shu District, Birlik village As for confidentiality terms, additional information on financial model and project documentation will be provided upon personal request Project profitability Project ROE 18 % Payback Period 5,5 years Project capex 1,1 mln USD Project IRR 18 % Project profitability

19. 1919 CONFIDENTIAL Veronika Yun Manager at Sectorial department on agriculture and food processing, KAZNEX INVEST, JSC Mob: +7 771 805 4083 E-mail: yun@kaznexinvest.kz Project information Contact Optimization of existing slaughterhouse and a feedlot complex with further production of meat products Project profitability Project cost: USD 150-200 mln. Location: Pavlodar region, Ekibastuz district Implementation period: 2016-2019 Project scope: Optimization of the meat factory on production of meat products with the capacity of 2 000 heads of cattle and production of fodder Finished product: meat products and fodder Production capacity: 2 000 heads of cattle, 19 000 tons of fodder annually Potential markets: local market of Kazakhstan, Eurasian union Provision of land and premises: initiator owns necessary agricultural lands available for the construction. Availability of project documentation for the required infrastructure of electricity and water. Availability of contract agreements with technology and equipment suppliers Required financing: USD 189 mln. Required investor type: Project capex USD 180 mln. Project IRR 15,3% Company name EMPK LLP Year of establishment 2000 Presence on the market: 2000 Current operation: Production and distribution of meat products, animal (sheep) breeding, fodder production Project initiator Project profitability ☑ Equity ☑ Debt ☑ Technology transfer ☐ Other Contact information Project initiator EMPK LLP As for confidentiality terms, additional information on financial model and project documentation will be provided upon personal request

20. 2020 CONFIDENTIAL Veronika Yun Manager at Sectorial department on agriculture and food processing, KAZNEX INVEST, JSC Mob: +7 771 805 4083 E-mail: yun@kaznexinvest.kz Project information Contact Construction of a Plant for Industrial Grain Processing Project profitability Project cost: USD 45,4 mln. Location: Kostanai region, Zarechnoe village Implementation period: 2016-2024 (7-8 years) Project scope: Construction of a plant that will deal with the deep processing of grain into starch, gluten and condensed fodder for domestic animals Finished product: Grain starch, grain gluten and condensed forms of fodder Production capacity: 4500 tones of gluten at 8% concentration; 23600 tones of starch type A with humidity level at 10%; 23000 tones of dry fodder products with humidity level at 12,5% Potential markets: Local markets; Baltic states; Netherlands and Iran Provision of land and premises: A land of 2 hectares has been provided by the local government for the purposes of construction of the plant Required financing: USD 45,4 mln. Required investor type: Company name “Al Rudan” LLC Year of establishment 2001 Presence on the market: Developed brands: 2001 “Rudan” Current operation: Business plan is being developed. Economic feasibility study is ready Project initiator ☑ Equity ☑ Debt ☐ Technology transfer ☐ Other Contact information Project initiator’s contacts: “Al Rudan” LLC As for confidentiality terms, additional information on financial model and project documentation will be provided upon personal request Project profitability As for confidentiality terms, additional information on financial model and project documentation will be provided upon personal request Payback Period 7 years Project capex 20,4 mln USD Project IRR 25 % Project profitability

21. 2121 CONFIDENTIAL Veronika Yun Manager at Sectorial department on agriculture and food processing, KAZNEX INVEST, JSC Mob: +7 771 805 4083 E-mail: yun@kaznexinvest.kz Project information Contact Modernization of existing confectionery factory Project profitability Project cost: USD 15-20 mln. Location: Aktobe region, Aktobe city Implementation period: 2016-2017 Project scope: Modernization of the existing plant through establishment of the modernly-automized factory of the production of the wide assortment of confectionery products. Finished product: Confectionery products Production capacity: 10 000 tons annually Potential markets: local market of Kazakhstan, Russia Provision of land and premises: existing factory established in 1971, availability of additional land of 7,8 ha with all necessary infrastructure Required financing: USD 20 mln. Required investor type: Company name Aktobe confectionery factory Year of establishment 1971 Presence on the market: 1971 Current operation: Production of confectionery products Project initiator ☑ Equity ☑ Debt ☐ Technology transfer ☐ Other Contact information Project initiator’s contacts: Aktobe confectionery factory Project profitability Project capex USD 20 mln. ProjeIRR 26% Project profitability As for confidentiality terms, additional information on financial model and project documentation will be provided upon personal request