Message from the chairman of the management board

Dear colleagues and partners!

I am very proud to present Samruk-Energy JSC Integrated Annual Report 2022. This paper stands out from the Company's traditional series of annual reports and is of particular importance to us. Kazakhstan's largest electricity producer and coal supplier marked its 15th anniversary in 2022!

In 2007, Samruk-Energy Joint-Stock Company was established to implement the long-term national policy on modernisation of generating capacities and commissioning of new facilities. It was registered with the justice authorities and started its production operations.

Fifteen years in business for a company like ours does not seem like such a long time. But this should be judged by what has been done and what goals the organisation has set for itself. In this respect, our electricity holding company has much to say and much to be proud of. The Company has a clear vision of its development horizons. Today, Samruk-Energy holds a strategic position in Kazakhstan's energy system, as evidenced by its production, financial and other performance.

Samruk-Energy is a national leader in electricity generation with a share of 31.8%. As the key electricity producer, Samruk-Energy ensures reliable and stable power supplies to Kazakh consumers, including Kazakhstan Temir Zholy National Company, NAC Kazatomprom, cities of Astana, Almaty, Ekibastuz and Kokshetau, as well as Kostanai, Akmola, Karaganda, Zhambyl, Kyzylorda Provinces and other regions in the country.

Samruk-Energy is also Kazakhstan's front runner in coal extraction, with a share of about 40%. We are the key supplier of solid fuel to Ekibastuz GRES-1, Ekibastuz GRES-2, Almaty Power Plants, Astana-Energy JSC, SevKazEnergo JSC, Karaganda Energy Centre LLP, Pavlodarenergo JSC, etc.

The total installed capacity of our power plants is 6,275.1 MW today, making 25.5% of total installed capacity of power plants in Kazakhstan.

According to industry experts, the largest domestic electricity holding company is developing and moving in the right direction. I would like to emphasise that all these accomplishments have become possible thanks to the dedicated work of thousands of our employees. Their high professionalism has laid the foundation for the reliable operation of the country's energy system.

Samruk-Energy's success and sustainability rest on the daily hard work in workshops, on industrial and construction sites, in coal mines, offices, and laboratories of our companies. I want to thank every member of our big team for their commitment. Special thanks to our sole shareholder, Sovereign Wealth Fund Samruk-Kazyna, and all our partners and energy professionals for their continued support over these years.

Samruk-Energy JSC sees itself as Kazakhstan's energy sector leader, a resource-efficient high-tech energy company that embraces its high social and environmental responsibility. I wish the Company great success in its aspirations! I also wish a good health, prosperity, and great victories to all employees of Samruk-Energy JSC as well as everyone who stands with us.