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 ACTION PLAN FOR TRANSFER TO COMPETITIVE ENVIRONMENT

Item

Action

Responsible

Completion form

Planned date

Actual date

1.

Establishment of Project office of "KazAgro" for transfer of subsidiary companies to competitive environment

"KazAgro" JSC

Decision of Executive Board

May 2016

May 2016

2.

Attraction of independent consultant for consulting support pf the process of transfer of subsidiary companies to competitive environment

"KazAgro" JSC

Agreement with independent consultant

November 2016

November 2016

3.

Conduction of operational and financial analysis, development of recommendations for pre-sale preparation of "Kazagromarketing" by independent consultant

"KazAgro" JSC

Report of independent consultant

January 2017

-

4.

Approval of road map for pre-sale preparation of "Kazagromarketing" JSC for consideration of authorized body of "KazAgro" Holding" JSC

"KazAgro" JSC

Decision of authorized body

February 2017

-

5.

Making proposals for pre-sale preparation of "Kazagromarketing" JSC to consideration of the State committee for economy modernization at the Government of the Republic of Kazakhstan

Ministry of national economy, Ministry of agriculture, "KazAgro" JSC

Protocol of the meeting of the State committee

March 2017

-

6.

Implementation of actions for pre-sale preparation of "Kazagromarketing" JSC

"KazAgro" JSC, "KAM" JSC

Decisions of authorized bodies of the companies

June 2017

-

7.

Adoption of the Decree of the Government of RK with decision on company's sale - method of realization will be determined by consultant

Ministry of agriculture, Ministry of national economy, "KazAgro" JSC

Decree of the Government of RK

July 2017

-

8.

Assessment of market cost of shares of "Kazagromarketing" JSC

"KazAgro" JSC

Report on assessment

August 2017

-

9.

Bidding

"KazAgro" JSC, Ministry of finance

Announcement on sale

October 2017

-

10.

Completion of transaction to sale the shares of "Kazagromarketing" JSC or start of liquidation procedures if buyer is absent

"KazAgro" JSC, Ministry of agriculture, Ministry of finance

Agreement on shares sale

December 2017

-