/KASE, December 1, 2025/ – By a decision of the Board of Directors of Kazakhstan Stock Exchange (KASE) dated November 28, 2025, the revised internal document of KASE "Regulations on the Committees of the Board of Directors of Kazakhstan Stock Exchange JSC" (the Regulations) was approved, with effect as of December 1, 2025.

The revised Regulations were developed in order to bring the Regulations into line with KASE's internal regulatory framework, as well as to implement the requirements of the best international corporate governance standards (including OECD principles).

The revised Regulations, among other things, provide for the following:

• the names of the committees have been clarified, including the unification of issues of HR policy, remuneration and sustainable development;
• principles of the agile approach have been implemented to increase flexibility and speed of response to market changes;
• the requirements for the independence of the Internal Audit Committee have been strengthened in accordance with international standards;
• the meetings convening procedure has been clarified;
• the competence of the committees of the Board of Directors has been detailed and expanded;
• the rights and responsibilities of committee members, including issues of remuneration and liability, are detailed;
• the remuneration procedure has been clarified.

As of December 1, 2025, KASE internal document "Regulations on the Committees of the Board of Directors" was declared invalid.

The revised Regulations will be published on the KASE website at see more (tab "Corporate Documents").

[2025-12-01]