REG - JSC NAC Kazatomprom - Notice of the EGM of Shareholders

NAK Kazatomprom AOAnnouncement

31/10/2025 07:00

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RNS Number : 6664F  JSC National Atomic Co. Kazatomprom  31 October 2025

AIX: KAP, KAP.Y (GDR)

LSE: KAP (GDR)

 

 

31 October 2025, Astana, Kazakhstan

Notice of the Extraordinary General Meeting of Shareholders

National Atomic Company "Kazatomprom" JSC ("the Company" or "Kazatomprom"),
address: 17/12 Syganak Street, Nura District, Astana, Z05T1X3, Republic of
Kazakhstan, hereby notifies the Company shareholders of its absentee
Extraordinary General Meeting of Shareholders ("the Meeting"), convened at the
initiative of the Board of Directors of Kazatomprom (Minutes No. 10/25 dated
30 October 2025), in accordance with Articles 35-41, 43-47, 49-52 of the Law
of the Republic of Kazakhstan "On Joint Stock Companies".

Date and time when the list of shareholders entitled to participate in the
Meeting will be compiled: 19 November 2025 at 00:00 local time (GMT+5).

Start date for submitting absentee voting ballots: 10 December 2025.

Closing date for submitting absentee voting ballots: 18 December 2025, 18:00
local time (GMT+5).

Date of absentee vote counting: 19 December 2025 up to 18:00 local time
(GMT+5).

Agenda of the Extraordinary General Meeting of Shareholders

1. Approval of the new edition of the Corporate Governance Code of the
National Atomic Company "Kazatomprom" Joint Stock Company.

In order to further improve corporate governance, the Company has developed a
new edition of the Corporate Governance Code ("the Code"), which reflects best
corporate governance practices and mirrors the updated Corporate Governance
Code of the majority shareholder - Samruk-Kazyna JSC ("the Fund"). The key new
provisions of the Code include introduction of a competitive selection process
for independent directors, gender quota for the Company's governing bodies,
principles aimed at further reduction of the Fund's involvement in the
Company's operations, and other amendments aimed at bringing the current
edition of the Code up to date.

The Code in its new edition was preliminary approved by the decision of the
Company's Board of Directors No. 9/25 dated 8 October 2025. Given that this
issue falls within the exclusive competence of the Company's shareholders, it
is proposed for the Meeting to approve the Code in a new edition and to
declare invalid the currently effective Code (approved by the decision of the
Fund No. 22/15 dated 27 May 2015).

Materials for the Meeting according to the agenda will be available to
shareholders no later than 10 days before the date of the Meeting, at the
Company's headquarters in accordance with clause 4 of Article 44 of the Law
"On Joint Stock Companies". Upon request, physical copies of the Meeting
materials will be sent within 3 business days of receipt of the request, with
the costs related to compilation and delivery of the documents being borne by
the shareholder. Requests from the shareholders of the Company must be
received at the actual address of the Company, in the way prescribed by the
legislation of the Republic of Kazakhstan.

The notice of the upcoming Meeting as well as the ballot for absentee voting
will also be available on the Company's website in accordance with the Law "On
Joint Stock Companies" and the Company's Charter.

 

The Company hereby invites shareholders of Kazatomprom to review the following
Meeting procedures:

·    When voting by an absentee ballot, a shareholder shall indicate
his/her full name/name of a legal entity, the number of voting shares, and
shall choose one of the voting options.

·      An absentee ballot shall be signed by a shareholder - an
individual (a representative of a shareholder - an individual), who shall
indicate his/her identity document (ID / passport number, date of issue,
issuing authority, and individual identification number (IIN)). A shareholder
shall also provide a copy of his/her identity document.

·     Absentee voting ballot of a shareholder - a legal entity shall be
signed by its CEO (a representative of a shareholder - a legal entity).

·      A ballot which is not signed by a shareholder - an individual, or
the CEO of a shareholder - a legal entity or a representative of a
shareholder - an individual, or a representative of a shareholder - a legal
entity, shall be deemed invalid.

·     Only one voting option shall be marked in the ballot.

·    The absentee ballot shall be received by the Company or delivered by
courier to the office of Kazatomprom at the address: 17/12 Syganak Street,
Nura District, Astana, Z05T1X3, Republic of Kazakhstan, no later than 18:00
local time (GMT+5) on 18 December 2025.

·   In case of signing a ballot for absentee voting by the representative
of the shareholder, the ballot for absentee voting is followed by the copy of
power of attorney or other document confirming the powers of the shareholder's
representative.

·  For vote counting, only those votes on the agenda items are counted
where a shareholder (or a representative of a shareholder) followed the
procedure of voting prescribed in the ballot, and only one of the voting
options was marked.

·  The Meeting may consider and make decisions on the agenda items only if
the shareholders (or representatives of shareholders), included in the list of
shareholders entitled to participate and vote, and owning in total fifty or
more percent of voting shares of the Company, were registered as of the
date or on the closing date for submission of ballots.

·     The list of the Company's shareholders entitled to participate and
vote at the Meeting is compiled by the Central Securities Depository JSC based
on the data of Kazatomprom's shareholders register system.

·      If, after compiling a list of shareholders entitled to
participate and vote at the Meeting, a person included in such a list
alienated his/her voting shares, the right to participate in the Meeting is
transferred to a new shareholder. In such a case, the documents confirming the
ownership of the shares shall be submitted.

·     Any shareholder of Kazatomprom has the right to participate in the
management of the Company in the manner prescribed by Law "On Joint-Stock
Companies" and (or) the Charter of the Company.

·    The holders of Global Depositary Receipts are entitled to vote at
the Meeting on behalf of the beneficial owners in relation to the deposited
shares, provided that identification and other information required by the
applicable Kazakhstan law on such beneficial owners, has been submitted to the
Central Securities Depository JSC through the Depositary (Citibank N.A.).

 

For more information, please contact:

Extraordinary General Meeting of Shareholders Inquiries

Aigerim Dosanova, Corporate Secretary

Tel.: +7 7172 45 82 84

Email: adosanova@kazatomprom.kz (mailto:adosanova@kazatomprom.kz)

 

Investor Relations Inquiries

Botagoz Muldagaliyeva, Director, Investor Relations

Tel.: +7 7172 45 81 80/69

Email: ir@kazatomprom.kz (mailto:ir@kazatomprom.kz)

 

Public Relations and Media Inquiries

Daniyar Oralov, Director, Public Relations

Tel: +7 7172 45 80 63

Email: pr@kazatomprom.kz (mailto:pr@kazatomprom.kz)

A copy of this announcement is available at www.kazatomprom.kz
(https://www.kazatomprom.kz) .

 

About Kazatomprom

Kazatomprom is the world's largest producer of uranium with the Company's
attributable production representing approximately 21% of global primary
uranium production in 2024. The Group benefits from the largest reserve base
in the industry and operates, through its subsidiaries, JVs and Associates, 27
deposits grouped into 14 mining assets. All of the Company's mining operations
are located in Kazakhstan and extract uranium using ISR technology with a
focus on maintaining industry-leading health, safety and environment standards
(ISO 45001 and ISO 14001 certified).

Kazatomprom securities are listed on the London Stock Exchange and Astana
International Exchange. Kazatomprom is the national atomic company in the
Republic of Kazakhstan, and the Group's primary customers are operators of
nuclear generation capacity, the main export markets for the Group's products
are Asia, Europe and North America. The Group sells uranium and uranium
products under long-term contracts, short-term contracts as well as in the
spot market, directly from its headquarters in Astana, Kazakhstan, and through
its Switzerland-based trading subsidiary, Trade House KazakAtom AG (THK).

For more information, please see the Company website at www.kazatomprom.kz
(https://www.kazatomprom.kz) .

 

Forward-looking statements

All statements other than statements of historical fact included in this
communication or document are forward-looking statements. Forward-looking
statements give the Company's current expectations and projections relating to
its financial condition, results of operations, plans, objectives, future
performance and business. These statements may include, without limitation,
any statements preceded by, followed by or including words such as "target,"
"believe," "expect," "aim," "intend," "may," "anticipate," "estimate," "plan,"
"project," "will," "can have," "likely," "should," "would," "could" and other
words and terms of similar meaning or the negative thereof. Such
forward-looking statements involve known and unknown risks, uncertainties and
other important factors beyond the Company's control that could cause the
Company's actual results, performance or achievements to be materially
different from the expected results, performance or achievements expressed or
implied by such forward-looking statements. Such forward-looking statements
are based on numerous assumptions regarding the Company's present and future
business strategies and the environment in which it will operate in the
future.

THE INFORMATION WITH RESPECT TO ANY PROJECTIONS PRESENTED HEREIN IS BASED ON A
NUMBER OF ASSUMPTIONS ABOUT FUTURE EVENTS AND IS SUBJECT TO SIGNIFICANT
ECONOMIC AND COMPETITIVE UNCERTAINTY AND OTHER CONTINGENCIES, NONE OF WHICH
CAN BE PREDICTED WITH ANY CERTAINTY AND SOME OF WHICH ARE BEYOND THE CONTROL
OF THE COMPANY. THERE CAN BE NO ASSURANCES THAT THE PROJECTIONS WILL BE
REALISED, AND ACTUAL RESULTS MAY BE HIGHER OR LOWER THAN THOSE INDICATED. NONE
OF THE COMPANY NOR ITS SHAREHOLDERS, DIRECTORS, OFFICERS, EMPLOYEES, ADVISORS
OR AFFILIATES, OR ANY REPRESENTATIVES OR AFFILIATES OF THE FOREGOING, ASSUMES
RESPONSIBILITY FOR THE ACCURACY OF THE PROJECTIONS PRESENTED HEREIN.

The information contained in this communication or document, including but not
limited to forward-looking statements, applies only as of the date hereof and
is not intended to give any assurances as to future results. The Company
expressly disclaims any obligation or undertaking to disseminate any updates
or revisions to such information, including any financial data or
forward-looking statements, and will not publicly release any revisions it may
make to the Information that may result from any change in the Company's
expectations, any change in events, conditions or circumstances on which these
forward-looking statements are based, or other events or circumstances arising
after the date hereof.

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