Notice of EGM of Shareholders
Summary by AI BETAClose X
AIX: KAP, KAP.Y (GDR)
LSE: KAP (GDR)
20 February 2026, 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 in accordance with Articles 35-41, 43-47, 49-52 of the Law of the Republic of Kazakhstan "On Joint Stock Companies" ("the JSC Law"). Extraordinary General Meeting of Shareholders ("the Meeting") is convened at the initiative of the Board of Directors of Kazatomprom (Minutes No. 2/26 dated 19 February 2026).
Date and time when the list of shareholders entitled to participate in the Meeting will be compiled: 6 March 2026 at 00:00 local time (GMT+5).
Start date for submitting absentee voting ballots: 26 March 2026.
Closing date for submitting absentee voting ballots: 6 April 2026, 18:00 local time (GMT+5).
Date of absentee vote counting: 7 April 2026 up to 18:00 local time (GMT+5).
The notice of the upcoming Meeting, as well as the ballot for absentee voting will be available on the Company's website in accordance with the JSC Law and the Company's Charter.
Agenda of the Extraordinary General Meeting of Shareholders
1. Concluding a major transaction as a result of which Kazatomprom acquires or alienates (may acquire or alienate) property, the value of which is more than fifty percent of the total book value of Kazatomprom assets as of the date of approving the transaction as a result of which more than fifty percent of the total book value of its assets is acquired or alienated (may be acquired or alienated), namely: the long-term contract No. DPS/HQ/069/---Kazakh-2025 for the sale and purchase of natural uranium concentrates between Kazatomprom and the Directorate of Purchase & Stores of the Department of Atomic Energy of the Government of India.
Kazatomprom and the Directorate of Purchase & Stores of the Department of Atomic Energy of the Government of India ("DPS") have reached an agreement on the sale of natural uranium concentrates in the form of U3O8 to DPS through physical delivery to the Republic of India.
The transaction value comprises fifty percent or more of the total book value of the Company's assets (calculated on the basis of separate financial statements of the Company). As established by the requirements of the legislation of the Republic of Kazakhstan this transaction has to be submitted for consideration of the Meeting.
DPS is a centralised entity responsible for procurement, storage and inventory management for research centres and industrial enterprises in the Indian nuclear industry.
The Company's commercial offer was accepted by DPS in due course within its validity period. The details of the proposed transaction, including pricing, volumes and delivery schedules, are confidential and cannot be disclosed due to commercial sensitivity. DPS also requests to keep the information on the terms of the transaction confidential.
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 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 6 April 2026.
- 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 of the Republic of Kazakhstan "On Joint-Stock Companies" and 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
Baurzhan Kapan, Acting Corporate Secretary
Tel.: +7 7172 45 82 84
Email: bkapan@kazatomprom.kz
Investor Relations Inquiries
Botagoz Muldagaliyeva, Director, Investor Relations
Tel.: +7 7172 45 81 80 / 69
Email: ir@kazatomprom.kz
Public Relations and Media Inquiries
Daniyar Oralov, Director, Public Relations
Tel.: +7 7172 45 80 63
Email: pr@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, TH KazakAtom AG (THK).
For more information, please see the Company website at 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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