Code of Corporate Governance of the JSC "State Social Insurance Fund"

Chapter 1. General Provisions

1. This Code of Corporate Governance of the JSC State Social Insurance Fund (hereinafter referred to as the Code) is a set of rules and recommendations that the JSC State Social Insurance Fund (hereinafter referred to as the Company) follows in the course of its activities to ensure efficiency, transparency, accountability, a high level of business ethics in relations within the Company and with other stakeholders.

2. The Code was developed in order to ensure compliance of the Company's corporate governance with the relevant standards of the Organization for Economic Cooperation and Development (hereinafter referred to as the OECD).

3. The objectives of this Code are to improve corporate governance in the Company, ensure transparency and efficiency of corporate governance.

In particular:

1) the management of the Company is carried out in compliance with the principle of legality and an appropriate level of responsibility, a clear delineation of powers, accountability and efficiency in order to maximize the value of the Company and other benefits for the Sole Shareholder;

2) ensuring disclosure of information and transparency in the Company.

Charter of the JSC "State Social Insurance Fund"

Chapter 1. General provisions

1. 1. This Charter of the JSC "State Social Insurance Fund" (hereinafter - the Fund) determines the name, location, procedure for the formation and competence of management bodies, the rights and obligations of the Fund, the conditions for reorganization and termination of activities and other provisions that do not contradict the legislation of the Republic of Kazakhstan.

2. Full name of the Fund:
1) in the state language: «Мемлекеттік әлеуметтік сақтандыру қоры» акционерлік қоғамы.
2) in Russian: акционерное общество «Государственный фонд социального страхования».

3. Short name of the Fund:
1) in the state language: «МӘСҚ» АҚ
2) in Russian: АО «ГФСС»

4. Location of the executive body of the Fund: 010000, Nur-Sultan city, Baikonyr district, Imanov street, 13.

Chapter 2. Legal Status of the Fund

5. The Fund was established in accordance with the Decree of the Government of the Republic of Kazakhstan dated February 27, 2004 No. 237 "On the establishment of "State Social Insurance Fund" in the form of a joint-stock company”, the sole founder and participant of which is the state.

6. The Fund is a non-profit organization, that is, it does not have a goal of generating income and it does not distribute the received net income among its shareholders; neither does it accrue, nor pays dividends on its shares.

7. The founder of the Fund is the Government of the Republic of Kazakhstan represented by the State Property and Privatization Committee of the Ministry of Finance of the Republic of Kazakhstan.