Performance evaluation of the Board of Directors

In accordance with the Code, the Board of Directors, its committees and members of the Board of Directors should be evaluated every year as part of a structured process approved by the Board of Directors. This process is in line with Samruk‑Kazyna’s relevant methodology. In addition, at least once every three years the performance evaluation process is run with the involvement of an independent professional organisation.

The performance evaluation of the KMG Board of Directors for 2025 took the form of self‑evaluation. The results were reviewed by the Nomination and Remuneration Committee and by the Board, and the resulting improvement measures for the Board, its committees, and the Corporate Secretary were incorporated into the KMG Board Performance Improvement Plan for 2026–2027. The main areas for improvement include enhancing the effectiveness of management engagement, deepening the analysis of strategic risks, and further developing corporate governance practices.

The performance evaluation of the KMG Board of Directors, its committees, the Chairman and members of the Board, and the KMG Corporate Secretary for 2024 will be carried out through a combination of self‑assessment and an external review by an independent consultant. The assessment reports will be reviewed by the Board in 2026, and the improvement measures arising from the findings will be reflected in the KMG Board Performance Improvement Plan for 2026–2027.

At the time this Report was prepared, tendering procedures for the selection of a consultant had not been completed; accordingly, information on any other services provided by the consultant to KMG or related organisations over the past three years is not yet available. This information will be disclosed in the 2026 Annual Report upon completion of the evaluation.