JSC National Atomic Company “Kazatomprom” (“the Company”) announces the submission of required reporting information in accordance with DTR 4.3A, in respect of payments made by the Company and its subsidiaries to governments for the year ended 31 December 2018, and in compliance with the 2014 United Kingdom (UK) Rules for reporting on payments to governments, as amended in December 2015.

Report by countries in 2018 (million Tenge)

Report by state body in 2018 (million Tenge)

1. In addition to these payments and as disclosed in the IPO Prospectus, prior to the IPO in 2018, NAC Kazatomprom JSC paid 2,000 million Tenge to the non-profit Corporate Fund “Company for Constructing Objects” to finance the social facilities construction in Turkestan city.

Report by Сompany in 2018 (million Tenge)

Payments categories

The report was compiled on the basis of the amounts of taxes and payments for 2018 paid in Kazakhstan, in millions of Tenge. The types of payments (on a cash basis) are categorized as follows:

Corporate Income Tax (CIT).

Corporate income tax, except for corporate income tax withheld from the income of non-residents.

Mineral Extraction Tax (MET).

The mineral extraction tax is a compulsory payment made by subsoil users separately for each type of mineral raw material extracted in the Republic of Kazakhstan.

Bonuses - commercial discovery bonus, subscription bonus.

The commercial discovery bonus is paid by subsoil users under the contracts for the extraction of minerals and/or for combined exploration and production for each commercial discovery of minerals in the contract territory, including for discoveries during additional exploration. This tax was repealed starting January 1, 2019 within the framework of changes in legislation on subsoil and subsoil use, and the tax code.

The subscription bonus is paid by the subsoil user each time a new subsoil use right is obtained and a contract is signed for exploration, production, or combined exploration and production of mineral resources, as well as when the contract area is expanded.

Excess Profit Tax (EPT).

Excess profit tax is calculated for the tax period for each subsoil use contract for which the subsoil user is a tax payer.

Beginning January 1, 2018, as part of a change in tax legislation, EPT is only applied  to subsoil use contracts for the extraction of hydrocarbons and, accordingly,uranium extraction is exempt going forward. EPT payments shown in this report represent payments made in 2018 for activities in 2017.

Payments for infrastructure improvement

Payments for infrastructure improvement are expenditures on the socio-economic development of the region and the development of infrastructure in the areas impacted by Kazatomprom’s operations, according to the terms of the contracts for subsoil use (including payments to local executive bodies)

Other

Other taxes constitute payments of historical costs, social tax, and taxes on property, land and transport and excluded value - added tax and excise tax, which don’t affect the amount of profit.

This report is available for download at www.kazatomprom.kz.

For further information, please contact:

Kazatomprom Investor Relations Inquiries

Cory Kos, Head of Investor Relations

Tel: +7 7172 45 81 69

Email: //irkazatomprom.kz">irkazatomprom.kz

Kazatomprom Public Relations and Media Inquiries

Torgyn Mukayeva, Head of Public Relations and Internal Communication Department

Tel: +7 7172 45 80 63

Email: prkazatomprom.kz

Powerscourt – London (Giles Read)

Tel: +44 20 7250 1446

Email: Kazatomprompowerscourt-group.com

A copy of this announcement will be made available at www.kazatomprom.kz.

About Kazatomprom

Kazatomprom is the world's largest producer of uranium, with the company’s attributable production representing approximately 23% of global primary uranium production in 2018. The Group benefits from the largest reserve base in the industry and operates, through its subsidiaries, JVs and Associates, 26 deposits grouped into 13 mining assets. All of the Company’s operations are located in Kazakhstan and mined using ISR technology with a focus on maintaining industry-leading health, safety and environment standards.

Kazatomprom securities are listed on the London Stock Exchange and Astana International Exchange. As the national atomic company in the Republic of Kazakhstan, the Group's primary customers are operators of nuclear generation capacity, and the principal export markets for the Group's products are China, South and Eastern Asia, Europe and North America. The Group sells uranium and uranium products under long-term contracts, short-term contracts, as well as in the spot market, directly from its headquarters in Nur-Sultan, Kazakhstan, and through its Switzerland-based trading subsidiary, Trade House KazakAtom AG (THK).

For more information, please see our newly updated website at http://www.kazatomprom.kz

Forward-looking statements

All statements other than statements of historical fact included in this communication or document are forward-looking statements. Forward-looking statements give the Company’s current expectations and projections relating to its financial condition, results of operations, plans, objectives, future performance and business. These statements may include, without limitation, any statements preceded by, followed by or including words such as “target,” “believe,” “expect,” “aim,” “intend,” “may,” “anticipate,” “estimate,” “plan,” “project,” “will,” “can have,” “likely,” “should,” “would,” “could” and other words and terms of similar meaning or the negative thereof. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the Company’s control that could cause the Company’s actual results, performance or achievements to be materially different from the expected results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the Company’s present and future business strategies and the environment in which it will operate in the future. THE INFORMATION WITH RESPECT TO ANY PROJECTIONS PRESENTED HEREIN IS BASED ON A NUMBER OF ASSUMPTIONS ABOUT FUTURE EVENTS AND IS SUBJECT TO SIGNIFICANT ECONOMIC AND COMPETITIVE UNCERTAINTY AND OTHER CONTINGENCIES, NONE OF WHICH CAN BE PREDICTED WITH ANY CERTAINTY AND SOME OF WHICH ARE BEYOND THE CONTROL OF THE COMPANY. THERE CAN BE NO ASSURANCES THAT THE PROJECTIONS WILL BE REALIZED, AND ACTUAL RESULTS MAY BE HIGHER OR LOWER THAN THOSE INDICATED. NONE OF THE COMPANY NOR ITS SHAREHOLDERS, DIRECTORS, OFFICERS, EMPLOYEES, ADVISORS OR AFFILIATES, OR ANY REPRESENTATIVES OR AFFILIATES OF THE FOREGOING, ASSUMES RESPONSIBILITY FOR THE ACCURACY OF THE PROJECTIONS PRESENTED HEREIN. The information contained in this communication or document, including but not limited to forward-looking statements, applies only as of the date hereof and is not intended to give any assurances as to future results. The Company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to such information, including any financial data or forward-looking statements, and will not publicly release any revisions it may make to the Information that may result from any change in the Company’s expectations, any change in events, conditions or circumstances on which these forward-looking statements are based, or other events or circumstances arising after the date hereof.