Notice of the EGM of Kazatomprom

JSC National Atomic Co. Kazatomprom

21 May 2026

 

AIX: KAP, KAP.Y (GDR)

LSE: KAP (GDR)

21 May 2026, Astana, Kazakhstan

Notice of the Extraordinary General Meeting of Shareholders

National Atomic Company "Kazatomprom" Joint Stock Company ("Kazatomprom" or the "Company"), legal address: 17/12 Syganak Street, Nura District, Astana, Z05T1X3, the Republic of Kazakhstan, hereby notifies Company shareholders of its in-person Extraordinary General Meeting of Shareholders in accordance with Articles 35-48, 50-52 of the Law of the Republic of Kazakhstan "On Joint Stock Companies" (the "Law" "On Joint Stock Companies"). Extraordinary General Meeting of Shareholders (the "Meeting") is convened at the initiative of the major shareholder, Samruk-Kazyna JSC, owning 163,377,456 ordinary shares of the Company (letter of Samruk-Kazyna JSC No. 24-02.1-07/2727 dated 15 May 2026).

The Meeting will take place on 22 June 2026 at 10:30 local time (GMT+5) at the Company's headquarters at the following address: floor 3, 17/12 Syganak Street, Nura District, Astana, Z05T1X3, the Republic of Kazakhstan.

The registration of shareholders will take place on 22 June 2026 from 09:00 to 10:20 local time (GMT+5) at the Meeting venue.

Date and time when a list of shareholders entitled to participate at the Meeting will be compiled: 26 May 2026 at 00:00 local time (GMT+5).

In the absence of quorum, the adjourned Extraordinary General Meeting of Shareholders of the Company will be convened on 23 June 2026 at 10:30 local time (GMT+5) at the place of the initial Meeting, with the same agenda. The registration of shareholders will begin on 23 June 2026 at 09:00 local time (GMT+5) and close at 10:20 local time (GMT+5).

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

Agenda of the Extraordinary General Meeting of Shareholders

1.  Election of the Chairman and the Secretary of the Extraordinary General Meeting of Shareholders of Kazatomprom.

2.  Determining the form of voting of the Extraordinary General Meeting of Shareholders of Kazatomprom.

3.  Approval of the agenda of the Extraordinary General Meeting of Shareholders of Kazatomprom.

4.  On the composition of the Board of Directors of Kazatomprom.

By the decision of the Extraordinary Meeting of Shareholders of Kazatomprom dated 21 June 2023 the current composition of the Company's Board of Directors was elected for an initial three-year term (in accordance with the legislation of the Republic of Kazakhstan). Therefore, it is proposed to re-elect the same composition of the Company's Board of Directors for another three-year term.

In accordance with sub-clause 1) of clause 4 of Article 43 of the Law "On Joint Stock Companies" additional items may be included to the agenda of the Meeting if proposed by shareholders who own five or more percent of the Company's voting shares independently or jointly with other shareholders, or by the Board of Directors, given that the Company's shareholders are notified of such additions no later than fifteen calendar days prior to the Meeting. According to clause 4 of Article 44 of the Law "On Joint Stock Companies", materials on the agenda of the Meeting must be ready and available for review by shareholders no later than ten calendar days before the date of the Meeting at the actual location of the Company.

At the request of the Company's shareholder, materials on the Meeting agenda will be sent within three business days from the date of receipt of such a request. The costs of making copies of documents and delivering documents are borne by the shareholder. Requests from the Company's shareholders are accepted at the actual location of the Company in accordance with the procedure established by the legislation of the Republic of Kazakhstan.

The order of the Meeting

·   Shareholders or their representatives (collectively, "shareholders") participating in the Meeting must register before the Meeting begins. Shareholders must provide an identity document. Representatives of shareholders must submit a power of attorney confirming their authority to participate and vote at the Meeting.

·   Holders of global depositary receipts can exercise their voting rights at the Meeting using the services of the Depository Bank (Citibank N.A.) as a depository. Holders of global depositary receipts have the right to vote at the General Meetings of Shareholders of Kazatomprom on behalf of the beneficiary owners with respect to the deposited shares, given that the identification and other information required by applicable Kazakh legislation in relation to the beneficial owners in the Central Securities Depository is provided through the Depository Bank (Citibank N.A.) .

·   A shareholder who has not been registered shall not be counted in determining the quorum and shall not have the right to vote.

·   The Meeting opens at the stated time, subject to the presence of a quorum.

·   The Meeting elects the Chairman and Secretary of the Meeting and determines the form of voting - open or  secret (by ballot).

·   In accordance with clause 1 of Article 50 of the Law "On Joint Stock Companies", voting on the agenda of the Meeting is carried out on the principle of "one share - one vote", with the exception of cumulative voting when electing members of the Board of Directors and granting each person entitled to vote at the Meeting one vote on procedural issues of the Meeting.

·   The Chairman has no right to interfere with the speeches of persons entitled to participate in the discussion of the agenda item, except for cases when such speeches lead to violation of the rules of the Meeting procedure or when the debate on this issue has been terminated.

·   The Meeting may be declared closed only after all items on the agenda have been considered and decisions   on them made.

·   In accordance with clause 1 of Article 52 of the Law "On Joint Stock Companies", the minutes of the Meeting must be prepared and signed within three business days after the Meeting is adjourned.

For more information, please contact:

Extraordinary General Meeting of Shareholders Inquiries:

Baurzhan Kapan, Acting Corporate Secretary

Tel.: [phone]

Email: [e-mail]

Investor Relations Inquiries:

Botagoz Muldagaliyeva, Director ofInvestor Relations

Tel.: [phone]

Email: [e-mail]

Public Relations and Media Inquiries:

Daniyar Oralov, Director of Public Relations

Tel.: [phone]

Email: [e-mail]

About Kazatomprom

Kazatomprom is the world's largest producer of uranium with the Company's attributable production representing approximately 20% of global primary uranium production in 2025. 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.

Kazatomprom securities are listed on the London Stock Exchange and Astana International Exchange. Kazatomprom is the national atomic company in the Republic of Kazakhstan. The Group's primary customers are operators of nuclear power plants, and the principal export markets for the Group's products are countries in Asia, Europe, and the Americas. 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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