Annual general meeting of shareholders of “Imstalcon” JSC was conducted at May 11, 2011. There were 55 shareholders (their representatives) at the meeting who own in general 5 942 925 votes, that makes 92.9% of votes from the general amount of voting shares of the Partnership.

Results of the voting for the Agenda issues are as following:

1. Determination of the quantitative composition and term of counting board, election of its members.

The following decision were made:

1.1. To elect counting board in three people.

1.2. To elect following people in counting board:

– Shestakova Nataliya Nikolaevna;

– Emeliyanova Nataliya Sergeevna;

– Kuzmenko Irina Gennadievna.

1.3. To elect the chief of the counting board Ms. Shestakova Nataliya Nikolaevna.

1.4. To settle responsibilities’ period of the counting board for two years before the general annual meeting of shareholders, where financial reporting for 2012 will be approved.

Results of the voting:

“Pro” – by a solid vote 5 942 925 votes. “Contra” – no. “Abstained” – no.

Approval of the annual financial reporting of“Imstalcon” JSC for 2010.
The following decision was made:

2. To approve annual financial reporting of ‘Imstalcon” JSC for the reporting period, that ends at December 31, 2010 with grand total 61 206 663 th. tenge, audit, which were conducted in compliance with legislature of the RoK, that includes:

· Consolidated report about financial condition by the end of the reporting period;

· Consolidated report about incomes and losses for the period;

· Consolidated report about total income for the period;

· Consolidated report about changes in capital for the period;

· Consolidated report about cash flow for the period;

· Use of consolidated financial reporting.

Results of the voting:

“Pro” – by a solid vote 5 942 925 votes. “Contra” – no. “Abstained” – no

3.Approval of the procedure for the distribution of the net income of“Imstalcon” JSC for2010 financial year.
The following decision was made:
3. To approve following procedure for distribution of net income of “Imstalcon” JSC for the financial year that ends at December 31, 2010:

– net profit for the period is – 419 461 th. tenge;

– undistributed profit of the last period – 6 154 391 th. tenge;

– transfer for the undistributed income

of amortization from the re-estimation of fixed assets 473 095 th. tenge;

– total aggregate income – 7 046 947 th. tenge;

– to send for payments of dividends – 192 000 th. tenge;

– rest in Partnership disposal – 6 854 947 th. tenge.

Results of the voting:

“Pro” – 5 195 725 votes. “Contra” – 747 200 votes. “Abstained” – no.

4. A decision about payment of dividends for ordinary shares and approval of the dividend amount for 2010 financial year in the estimation for one ordinary share of the Partnership.

The following decision was made:

4.1. To approve dividend amount for 2010 financial year in the sum of 30 tenge per ordinary share of the Partnership.

4.2. Dividend payment for 2010 financial year shall be made by cash from June 1, 2011 at the address of the Headquarters of the Partnership of “Imstalcon” JSC and subsidiary enterprises of the Partnership.

4.3. Net profit for dividend payment source for 2010 that ends at December 31, 2010 was determined in the sum of 192 000 th. tenge.

Results of the voting:

“Pro” – 5 195 725 votes. “Contra” – 747 200 votes. “Abstained” – no.

5. Report about activities of Board of Directors of the Partnership for 2010.

The following decisions were made:

5.1. To take into account report about activities of Board of Directors of the Partnership for 2010.

5.2. Activities of Board of Directors shall be acknowledged as satisfactory one.

Results of the voting:

“Pro” – 5 195 725 votes. “Contra” – no. “Abstained” – 747 200 votes.

6. Election of Board of Directors of the Partnership.

The following decision and results of the voting were made:

6. To elect Board of Directors of “Imstalcon” JSC for the period of two years, that shall include following members:

– Kananykhin Vladimir Timofeevich – shareholder – 5 042 173 votes,

– Labukov Mikhail Semenovich – shareholder – 9 492 203 votes,

– Miller Arthur Yakovlevich – shareholder – 3 620 504 votes,

– Rezunov Mikhail Mikhailovich – shareholder – 5 616 820 votes.

Independent directors of the Partnership:

– Dodonov Yuri Efimovich – 6 931 832 votes,

– Sinitsina Tamara Nikolaevna – shareholder – 4 954 018 votes.

After the review of the sixth issue of the agenda there were participated 52 shareholders (their representatives), that own in general 5 895 305 votes, that makes 92.1% votes of the general amount of voting shares of the Partnership.

7. Determination of the amount and conditions of payment to members of the Board of Directors of the Partnership.
The following decision was made:

7.1. To determine monthly renumeration to members of the Board of Directors, working in “Imstalcon” JSC and its subsidiary companies, in the amount of 60% (sixty percents) from really accrued monthly payment.

7.2. To settle renumeration in the amount of 60% (sixty percents) from the average amount of main salaries of the members of the Board of Directors, working in Headquarters of “Imstalcon” JSC and post salaries of members of Board of Directors and subsidiary organizations for people not working in “Imstalcon” JSC and for independent members of the Board of Directors.

7.3. To charge monthly renumeration to the Chairman of the Board of Directors in the amount of 100% (one hundred percents) from average amount of really charged monthly renumeration of members of Board of Directors in the Headquarters of “Imstalcon” JSC.

Results of the voting:

“Pro” – by a solid vote 5 895 305 votes. “Contra” – no. “Abstained” – no.

8. Approval of the Provision about “Dividend policy” of the Partnership in a new edition.

The following decision was made:

8. To approve Provision about “Dividend policy” of “Imstalcon” JSC in a new edition.

Results of the voting:

“Pro” – by a solid vote 5 895 305 votes. “Contra” – no. “Abstained” – no.

9. Approval of the Provision about “Board of Directors of the Partnership in a new edition.

The following decision was made:

9. To approve Provision about “Board of Directors of “Imstalcon” JSC in a new edition.

Results of the voting:

“Pro” – by a solid vote 5 895 305 votes. “Contra” – no. “Abstained” – no.