Key
Events

27 January
KEGOC’s 8.9 million bonds were successfully placed on Kazakhstan Stock Exchange (KASE) in the amount of KZT 8.6 billion with a weighted average yield to maturity of 11.6161% per annum.

16 February
Fitch Ratings affirmed Kazakhstan Electricity Grid Operating Company’s (KEGOC) Long-term foreign currency Issuer Default Rating (IDR) at “BBB-” with “stable” outlook.

10 March
Standard & Poor’s Ratings Services affirmed its “BB+” rating of KEGOC with a “stable” outlook.

27 April
The Annual General Meeting of KEGOC shareholders was held, where the annual financial statements for 2020 were approved, according to which the consolidated net income of the Company amounted to KZT 53.5 billion. The shareholders decided to allocate 74% of KEGOC’s net income for 2020 (90% of unconsolidated profit) to the payment of dividends.

21 May
In accordance with the decision of the Annual General Meeting of Shareholders, KEGOC paid dividends for 2020. A total of KZT 19.5 billion, or KZT 75.01 per ordinary share, was allocated to pay dividends.

17 August
Moody’s upgraded KEGOC from “Baa3” to “Baa2” and a “positive” outlook to a “stable” outlook.

28 September
The Issuer Day was held on Kazakhstan Stock Exchange (KASE) in the format of a video con-ference. At this event KEGOC reported its performance for the first half-year of 2021.

14 October
The Committee for Nuclear and Energy Supervision and Control of the Ministry of Energy of Kazakhstan issued KEGOC a certificate of readiness for operation in the autumn-winter period 2021–2022.

21 October
KEGOC’s bonds were successfully placed on Kazakhstan Stock Exchange (KASE) for a total amount of KZT 16.6 billion with a yield to maturity of 11.50% per annum.

29 October
An Extraordinary General Shareholders’ Meeting of KEGOC was held in the form of absentee voting, at which the financial statements of KEGOC for the first half of 2021 were approved, in accordance with which the consolidated net income of the Company amounted to KZT 27.5 billion, about 80% of which were decided to be distributed as dividends.

19 November
KEGOC paid dividends on ordinary shares for the first half of 2021. KZT 22,027,082,239.2 or KZT 84.72 per ordinary share were allocated for payment of dividends.

24 November
An Extraordinary General Meeting of KEGOC shareholders was held, during which personnel appointments were made. At Bakytzhan Kazhiyev’s personal initiative, his powers as the Chairman of the Management Board and a member of the Board of Directors of KEGOC were early terminated.

Kanysh Moldabayev was appointed as the Chairman of KEGOC’s Management Board by the Extraordinary General Meeting of KEGOC Shareholders for three years and his powers as the Chairman of KEGOC’s Board of Directors were also prematurely terminated.

Suinshlik Tiyessov was elected the Chairman of the KEGOC’s Board of Directors.

It was also decided to elect Yernat Berdigulov as a member of the KEGOC’s Board of Directors to represent the interests of Samruk-Kazyna.

15 December
KEGOC won second place in the second Qazaqstan Project Management Awards–2021 national competition with its project called “Automation of Mode Control of the Unified Power System of Kazakhstan”.

21 December
KEGOC’s Board of Directors approved the updated KEGOC Development Strategy for 2022–2031.

28 December
Moody’s published a credit opinion and affirmed KEGOC’s rating at “Baa2” with a “stable” outlook.

30 December
Financial Settlement Centre for Renewable Energy Support LLP, a subsidiary of KEGOC, was alienated by transferring 100% of shares owned by KEGOC to state ownership free of charge.