Audit

EXTERNAL AUDIT

Selection of external auditor and information about the external auditor of Samruk-Kazyna Construction JSC

1. Policy in the field of engagement of services of audit organizations
By the decision of the Board of Directors of JSC "Samruk-Kazyna Construction" from November 26, 2021 No 165 approved the Policy of JSC "Samruk-Kazyna Construction" in the field of engagement of services of audit organizations (hereinafter - the Policy). The purpose of this policy is to organize effective activities on attracting the services of audit organizations (including non-audit services provided by audit organizations), introduction of unified procedures for their selection, ensuring that the auditors of JSC "Samruk-Kazyna Construction" maintain the status of independence in the provision of audit and non-audit services and avoiding conflicts of interest.

2. Selection of the audit organization
Samruk-Kazyna Construction JSC auditor organization is selected on the basis of the Procedure of procurement by the joint-stock company "National Welfare Fund "Samruk-Kazyna" and legal entities, fifty and more percent of voting shares (participatory interest) of which are directly or indirectly owned by Samruk-Kazyna JSC on the right of ownership or trust management, approved by the Decision of the Board of Directors of Samruk-Kazyna JSC dated March 3, 2022 No193.

3. Name of the audit organization
As a result of the selection procedure on procurement of services for audit of annual financial statements for 2023-2025, held on May 05, 2023, Samruk-Kazyna Construction JSC and Ernst & Young LLP (https://www.ey.com/kz/en), entered into a contract for procurement of services for audit of financial statements prepared in accordance with IFRS. Ernst & Young LLP is one of the world leaders in audit, taxation and law, transaction support and business advisory services.

4. Description of the process of interaction between the company's bodies and the external auditor
In the process of conducting the audit, the external auditor closely interacts with the management of JSC "Samruk-Kazyna Construction", Internal Audit Service, Department of Accounting and Financial Reporting, and other structural units involved in the process of development of management judgments affecting the financial statements. The external auditor of Samruk-Kazyna Construction JSC annually provides the Board of Directors of Samruk-Kazyna Construction JSC with the Audit Planning Report and the Audit Results Report.

5. Amount of remuneration of the external auditor
In accordance with subparagraph 1) of paragraph 24 of the Company's Policy on engagement of audit organizations' services, the Board of Directors of the Company approves for publication on the corporate website of the Company the information on the remuneration paid by the Company to the external auditor for rendering audit services for the previous reporting year. Information on the amount of remuneration for audit services for 2023 was approved for publication on the Company's corporate website according to the extract from the minutes of the in-person meeting of the Company's Board of Directors No202 dated April 15, 2024.

6. Non-audit services provided by the external auditor directly to Samruk-Kazyna Construction JSC
The external auditor did not provide non-audit services to Samruk-Kazyna Construction JSC.