Equity сapital structure

As of 01 January 2024, members of the Management Board and the Board of Directors of the Company do not own ordinary shares of Kazakhtelecom JSC, there is no cross ownership of shares. The Company’s statutory capital amounts to KZT 12,136,529 thousand and consists of 10,922,876 ordinary shares and 1,213,653 preferred shares. The nominal value of one share is KZT 1,000. The stake of Kazakhtelecom JSC’s preferred shares from the total number of issued shares makes up 10%.

Ordinary and preferred shares of Kazakhtelecom JSC were included in the official  list of Kazakhstan Stock Exchange JSC (hereinafter - the Exchange) of category A since 16 October 1997, since 1 September 2008 they were transferred to the first category of the Exchange’s official  list.

Currently, both common and preferred shares of the Company are included in the category Premium of the official  list of Kazakhstan Stock Exchange JSC and are traded on the main floor of the Exchange.

On 28 April 2006, the state block of shares of Kazakhtelecom JSC was transferred to Kazakhstan Holding for Management of State Assets Samruk JSC, established in accordance with the Resolution of the Government of the Republic of Kazakhstan dated 23 February 2006 No. 117 for effective management of state stakes in a number of major companies of Kazakhstan. The Government of the Republic of Kazakhstan by its Resolution dated 17 October 2008 No. 962 On measures for implementation of the Decree of the President of the Republic of Kazakhstan dated 13 October 2008 № 669 established Sovereign Wealth Fund Samruk-Kazyna JSC (hereinafter referred to as SWF Samruk-Kazyna JSC, the Fund) by merging Sustainable Development Fund Kazyna JSC and Kazakhstan Holding for Management of State Assets Samruk JSC.

On 12 September 2023, the State Property and Privatisation Committee of the Ministry of Finance of the Republic of Kazakhstan, the second major shareholder of Kazakhtelecom JSC since May 2022, transferred 3,084,983 (28.24% of outstanding ordinary shares) ordinary shares of Kazakhtelecom JSC to the Fund.

To date, the Fund is the  largest shareholder of the Company.

On 13 September 2023, First Heartland Jusan Bank JSC became a shareholder holding 983,350 (9.00% of outstanding ordinary shares) ordinary shares of Kazakhtelecom JSC.

In 2023, the minimum price for ordinary shares of the Company reached KZT 28,200.00 and for preferred shares of the Company KZT 21,844.67.

In the Q4’2023, in anticipation of the date of the shareholders list fixation for dividends payment from retained earnings for 2022 in the amount of KZT 3,038.36 per 1 ordinary share, a short-term increase in the value of Kazakhtelecom JSC shares took place.

After the deadline for inclusion in the dividend payment  lists and decrease to the July 2023  level, the value of Kazakhtelecom JSC shares continued a gradual recovery until the end of 2023. According to the results of the  last trading day of December 2023, the value of Kazakhtelecom JSC ordinary shares (ISIN KZ0009093241) on Kazakhstan Stock Exchange JSC amounted to KZT 34,500.00, the value of preferred shares of Kazakhtelecom JSC (ISIN KZ0009094645) amounted to KZT 24,750.00.