Responsibility statement

In line with the Corporate Governance CodeApproved by resolution of KMG’s Extraordinary General Meeting of Shareholders dated 13 October 2025 (Minutes No. 3/2025, item 1)., KMG’s Board of Directors and the Management Board are responsible for preparing a reliable annual report and financial statements of the Company.

The Board of Directors and each member of the Board of Directors confirm their responsibility for preparing and approving the annual report and financial statements. In the Board’s view, this Annual Report, including the audited IFRS financial statements, taken as a whole, is fair, unbiased, balanced, and understandable, providing shareholders with the information needed to assess the Company’s financial position, performance, and business model.

Each member of the Board of Directors confirms that to the best of their knowledge:

• the financial statements, prepared in accordance with IFRS, give a true and fair view of the assets, liabilities, financial position and profit or loss of the Company and the subsidiary undertakings included in the consolidation taken as a whole;
• the Management Board’s report includes a fair review of the development and performance of the business and the financial position of the Company and the subsidiary undertakings included in the consolidation taken as a whole, together with a description of the principal risks and uncertainties they face.

In line with the Code, the Board of Directors has determined that Philip Holland, Armanbai Zhubayev, Arman Argingazin, Saya Mynsharipova, and Askar Shakirov are independent in character and judgement. The Board of Directors has also determined that there are no relationships or circumstances which are likely to affect, or could appear to affect, the directors’ judgement.

The Company’s management shall be responsible for preparing the annual report and IFRS consolidated financial statements, as well as for setting up and maintaining an internal control system necessary to ensure the fair presentation of information.

KMG’s Audit Committee of the Board of Directors, oversees preparation of the consolidated financial statements and annual reports.

In preparing this Annual Report, management assessed the Company’s ability to continue as a going concern for at least twelve months from the financial statements’ approval date. Based on current financial performance, available credit facilities, cash flow forecasts, and the development budget, management confirms that the Company has sufficient resources to continue operations and meet its obligations as they fall due.

In management’s opinion, as of the date of approving the Annual Report, no material uncertainties exist relating to events or conditions that could cast significant doubt on the Company’s ability to continue as a going concern.

Company management confirms its responsibility for assessing the Company’s going concern status.