Mayor office of Zaisan district

The number of Kazakhstanis regularly accumulating their pension savings is growing

The number of Kazakhstanis regularly accumulating their pension savings is growing Every year, citizens in Kazakhstan are becoming more aware of their pension security, as is common in other countries. More and more people view their pension savings as their own long-term financial capital, which determines their well-being in old age. This is evidenced by the dynamic growth of savings, the expansion of the population's coverage by the funded pension system (FPS), the increase in the number of citizens regularly making pension contributions, and the increased regularity of their transfers. Growth of pension savings and open pension accounts of citizens As of July 1, 2026, Kazakhstani pension savings in the UAPF reached 28.09 trillion tenge, an increase of 4.08 trillion tenge, or 17.0%, year-on-year. One indicator of the development of the NPS is the steady growth in the number of pension accounts. As of July 1, 2026, 18.78 million pension accountswere opened in the UAPF, an increase of 1.11 million, or 6.3%, compared to the previous year. Of these, 12.80 million are individual pension savings accounts of contributors (beneficiaries), including 11.36 million for compulsory pension contributions (CPC), 786,270 for compulsory occupational pension contributions (COPC), and 462,400 for voluntary pension contributions (VPC). In addition, the UAPF maintains 5.97 million notional pension accounts, which track information on employer’s compulsory pension contributions (ECPCs). All account and savings information is transparent and accessible to citizens 24/7 via a personal statement, which can be obtained from the UAPF website or mobile app, as well as at regional offices. How to correctly assess the population's activity in paying pension contributions? When assessing citizen activity, it is important to consider the following. The total number of open CPC accounts (11.36 million) includes accounts to which contributions are no longer being received for objective reasons. These accounts include the following categories of citizens: - pension recipients who have reached retirement age and are exempt from further pension contribution payments even if they continue to work and have an income; - persons with permanent first and second group disabilities; - military personnel transferred to full state pension coverage since 2016; - other categories of contributors (beneficiaries) to whose accounts, in accordance with Kazakhstani law, contributions should not be received; - contributors who have permanently resided outside the country but have not claimed their savings; - deceasedcontributors whose heirs have not yet formalized the inheritance of their pension savings. Moreover, all citizens experience objective circumstances throughout their lives during which they do not have income from which pension contributions must be paid. Such periods include the following: - studying at educational institutions, - military service, - caring for children and relatives, - periods of job search and change, - work abroad, - breaks related to the seasonal nature of work, - work that requires irregular income throughout the calendar year, - periods associated with long-term treatment and rehabilitation. Therefore, in international practice, the generally accepted and most objective indicators of population participation in the FPS are the number of citizens receiving income and the corresponding number of active individual pension savings accounts that received at least one contribution during the year. In the first half of 2026 alone, their number increased from 7.20 millionto7.34 million accounts (an increase of 150,300). At the same time, the volume of pension savings in these accounts also increased. In the first half of 2026, it increased from 20.95 trillion tenge to22.24 trillion tenge,or by almost1.29 trillion tenge (6.2%). The majority of active accounts belong to citizens who are permanently employed and regularly pay the CPC. Their number increased from 6.77 million to 6.93 million over six months, and savings on them increased from 20.10 trillion to 21.07 trillion tenge. Regularity and completeness of payment of pension contributions Important factors in building adequate pension savings (in addition to the duration of participation in the FPS) are the regularity and completeness of contribution payments. In Kazakhstan, the average regularity of CPC payments per year has been steadily increasing: - for employees, this figure increased from 8.95 in 2024 to 8.98 contributions in 2025; - for the self-employed, from 7.36 to 7.53. Moreover, 80%of employees and 64%of the self-employed paid pension contributions 6 to 12 times a year in 2025. The average contribution amount in 2025 was 43,661 tengeamong employees (which correlates with the payment of contributions from income at the level of the average wage in the republic), 23,225 tenge among the self-employed (which indicates the payment of contributions from income above the minimum wage, but below the median wage). Long-term trends also indicate a gradual increase in FPS coverage and CPC payment compliance. While the number of active CPC accounts was 6.07 million in 2015, by 2025 their number exceeded 7.20million. The share of citizens paying contributions 6 to 12 times a year increased from 71% in 2015 to 78% in 2025. Accordingly, the share of those paying contributions sporadically (1 to 5 times a year) decreased from 29% to 22%. Dependence of pension contributions on the level of income of contributors Positive changes are observed in the structure of active individual CPC accounts based on contributor income levels. Over the course of 2025 (as of January 1, 2026), the share of accounts receiving contributions from incomes below the minimum wage (MW) decreased from 12% to 9% (the number of such accounts decreased from 838,300 to 652,400, or by 22.2%). These includecontributors employed part-time or with shift work. At the same time, the number of accounts receiving contributions from higher incomes increased. By 2025, the share of active accounts with incomes ranging from the median to the average monthly salary[1] increased from 44% (as of January 1, 2025) to 45% (as of January 1, 2026), and the number of such active accounts increased from 3.17 million to 3.28 million. This trend reflects both the growth of official employment and income, as well as citizens' desire to accumulate savings by paying contributions from their income transparently and in full. By the end of 2025, coverage among employees reached 91%, demonstrating their near-complete coverage and participation in building their pension savings. Coverage is lower among self-employed workers, necessitating the implementation of a range of measures to integrate them into the pension system, taking into account best international practices. This is especially important since the basic pension amount also depends on length of service, which is determined based on the monthly contribution of the CPC to the UAPF. Thus, in today's environment, pension savings are becoming not only a mechanism for ensuring income after retirement, but also an important element of society's financial culture and the financial independence of its citizens. Citizens are increasingly monitoring their account balances, using UAPF electronic services, inquiring about investment income, and exploring pension asset management options. Citizen participation in building their own savings, regular contribution payments, and interest in savings management indicate the gradual emergence of long-term financial planning practices in Kazakhstan, where responsibility for future well-being is becoming a shared responsibility between the state, employers, and citizens themselves. UAPF was founded on August 22, 2013 on the basis of GNPF APF JSC. The founder and shareholder of the UAPF is the Government of the Republic of Kazakhstan represented by the State Institution Committee of State Property and Privatization of the Ministry of Finance of the Republic of Kazakhstan. Trust management of UAPF pension assets is carried out by the National Bank of the Republic of Kazakhstan. In accordance with the pension legislation, the UAPF attracts compulsory pension contributions, employer’s compulsory pension contributions, compulsory occupational pension contributions, voluntary pension contributions, as well as carries out enrollment and accounting of voluntary pension contributions formed at the expense of the unclaimed amount of guaranteed compensation for the guaranteed deposit, transferred by the organization carrying out mandatory guarantee of deposits, in accordance with the Law of the Republic of Kazakhstan "On mandatory guarantee of deposits placed in second-tier banks of the Republic of Kazakhstan", ensures the implementation of pension benefits.The Fund also carries out accounting of target assets and target requirements, accounting and crediting of target savings (TS) to target savings accounts, payments of TS to their recipients in bank accounts, accounting for returns of TS in the manner determined by the Government of the Republic of Kazakhstan within the framework of the National Fund for Children program (More details atwww.enpf.kz) [1]According to the Bureau of National Statistics of the Agency for Strategic Planning and Reforms of the Republic of Kazakhstan for the third quarter of 2025, the average monthly salary was 429,368 tenge, the median salary was 302,584 tenge

Pension savings under your control: Expanding investment options for UAPF contributors

ANNOUNCEMENT

ANNOUNCEMENT How pension savings are protected in different countries International experience shows that countries use various mechanisms to protect pension savings depending on the specifics of their national pension system. In most countries, the protection of pension system participants' rights is ensured by mechanisms such as insurance against the risk of default on pension payment obligations, state oversight of pension funds and management companies, and the establishment of requirements for their financial stability and risk management systems. Consequently, the primary focus is on creating a robust regulatory system, effective oversight, and the distribution of responsibilities between the state, funds, and management companies. In the United States, defined benefit (DB) corporate pension plans are protected by the federal insurance system through the Pension Benefit Guaranty Corporation (PBGC)[1], which ensures that employees' pension obligations under the corporate pension plan are met (up to statutory limits) in the event of the employer's default on the employee's retirement savings. In the United Kingdom, the Pension Protection Fund (PPF)[2] performs similar functions. Similar mechanisms exist in Germany. However, these insurance systems only apply to defined benefit (DB) corporate pension plans and do not apply to defined contribution (DC) pension plans. Some countries provide mechanisms to ensure a minimum return on pension savings. These can be set either in absolute nominal terms (e.g., Belgium, Switzerland, Malaysia, Singapore) or in relative terms, i.e., compared to a certain benchmark, such as the average return (in Latin American countries). In Belgium and Switzerland, legislation sets a minimum nominal rate of return on mandatory occupational pension funds, which is used to calculate the employer's obligations under its employee's pension plans. In several Latin American countries (Chile, Colombia, El Salvador), the minimum return is determined relative to the average return among the corresponding types of pension funds. If the pension fund manager (AFP) fails to meet the minimum return, the difference is covered by established reserves (guarantee reserve). A number of Asian countries also have minimum return requirements for pension savings. In Malaysia, the Employees' Pension Fund (EPF) guarantees a nominal return on pension savings of at least 2.5% per annum. In Singapore, the Central Provident Fund (CPF) provides a minimum nominal return of 2.5% to 4% per annum (depending on the account type). In virtually all OECD countries, the activities of pension funds and management companies are subject to risk-based government oversight, accompanied by strict requirements for capital adequacy, reserve formation, risk management systems, and compliance with professional investment standards for client assets. Thus, as funded pension systems develop, the emphasis is increasingly shifting to effective regulation, risk-based supervision, and expanding the rights and investment opportunities of contributors. Kazakhstan's pension system is also developing in this direction. As a reminder, legislative changes provide for expanded opportunities for citizens to manage their pension savings. Contributors will be able to independently select one or more management companies offering various investment strategies and portfolios and entrust them with the management of up to 100% of their savings. With expanding investment opportunities and the implementation of measures to improve pension provision, approaches to preserving pension savings are also changing. Effective January 1, 2027, the state guarantee will be to ensure the preservation of compulsory pension contributions and compulsory occupational pension contributions to the Unified Accumulative Pension Fund (UAPF) in the amount of actual contributions. The state's primary obligations, however, focus on maintaining the adequacy of the state component of pensions (basic and solidarity pensions). UAPF was founded on August 22, 2013 on the basis of GNPF APF JSC. The founder and shareholder of the UAPF is the Government of the Republic of Kazakhstan represented by the State Institution Committee of State Property and Privatization of the Ministry of Finance of the Republic of Kazakhstan. Trust management of UAPF pension assets is carried out by the National Bank of the Republic of Kazakhstan. In accordance with the pension legislation, the UAPF attracts compulsory pension contributions, employer’s compulsory pension contributions, compulsory occupational pension contributions, voluntary pension contributions, as well as carries out enrollment and accounting of voluntary pension contributions formed at the expense of the unclaimed amount of guaranteed compensation for the guaranteed deposit, transferred by the organization carrying out mandatory guarantee of deposits, in accordance with the Law of the Republic of Kazakhstan "On mandatory guarantee of deposits placed in second-tier banks of the Republic of Kazakhstan", ensures the implementation of pension benefits.The Fund also carries out accounting of target assets and target requirements, accounting and crediting of target savings (TS) to target savings accounts, payments of TS to their recipients in bank accounts, accounting for returns of TS in the manner determined by the Government of the Republic of Kazakhstan within the framework of the National Fund for Children program (More details atwww.enpf.kz) [1]Who we are | Pension Benefit Guaranty Corporation [2]https://www.ppf.co.uk/?utm

ANNOUNCEMENT

ANNOUNCEMENT Investment portfolios managed by the NBRK and the IPM as of July 1, 2026 UAPF JSC (UAPF, the Fund) presents a report on pension asset management by the National Bank of the Republic of Kazakhstan (NBRK) and investment portfolio managers (IPM) on the enpf.kz website in the "Statistics and Analytics - Pension Asset Investment Management" section. The total volume of pension assetsmanaged by the NBRK and IPMs as of July 1, 2026, amounted to KZT 28,081.70 bln. As of this date, UAPF's pension assets held in trust by the NBRK, formed through compulsory pension contributions (CPCs), compulsory occupational pension contributions (COPCs), and voluntary pension contributions (VPCs), amounted to approximately KZT26,786.27bln. The volume of pension assets formed through employer’s compulsory pension contributions (ECPCs) held in trust by the NBRK amounted to KZT1,173.59bln. Pension assets under IPM managementamounted to KZT121.84 bln. Investment portfolio of pension assets managed by the National Bank of the Republic of Kazakhstan The National Bank of Kazakhstan, as the trustee of the UAPF pension assets, pursues a balanced investment policy: investing in various types of financial instruments, diversifying the portfolio by currency, country, sector, and issuer. According to information provided by the National Bank of Kazakhstan, the main investment areas of pension assets formed through CPC, COPC, and VPC as of July 1, 2026, are as follows: government securities of the Ministry of Finance of the Republic of Kazakhstan – 43.32%, bonds of quasi-public companies – 7.87%, deposits of the National Bank of Kazakhstan – 3.71%, bonds of second-tier banks of the Republic of Kazakhstan – 2.57%, shares and depositary receipts of issuers of the Republic of Kazakhstan – 2.07%, IFI – 0.97%, and government securities of foreign countries – 0.41%. 38.37% of assets are invested through index management. This approach involves creating an investment portfolio focused on a benchmark portfolio, which is a set of securities reflecting the contributor's strategic interests. The benchmark portfolio's return serves as a metric for assessing management effectiveness. The benchmark portfolio is based on indices developed and monitored by leading global financial companies or the National Bank of the Republic of Kazakhstan. Index management of assets is carried out by the National Bank of the Republic of Kazakhstan both independently and with the involvement of foreign management companies in certain areas, including sub-portfolios of bonds from developed and developing countries, corporate bonds, and equities. The investment portfolio, broken down by currencies in which financial instruments acquired through the CPC, COPC, and VPC are denominated, as of July 1, 2026, is as follows: investments in national currency – 59.00%, in US dollars – 41.00% of the pension asset portfolio. As a result of investments, interest income on securities, including deposits and reverse repo transactions, amounted to KZT1,114.54bln, income from market revaluation of securities amounted to KZT91.69 bln, income from assets under external management, including those adjusted for exchange rate revaluation, amounted to KKZT127.62 bln, and other income amounted to KZT3.33 bln. The market revaluation of foreign currency, excluding assets under external management, was negative. The accrued investment income for the last 12 months from July 2025 to June 2026 amounted to approximately 2.51 trillion tenge, with a return of 10.29% for this period. The ECPC's investment portfolio as of July 1, 2026, is as follows: government securities of the Ministry of Finance of the Republic of Kazakhstan – 88.17%, deposits of the National Bank of the Republic of Kazakhstan – 8.74%, repo transactions – 3.08%, and cash in investment accounts – 0.01%. The investment portfolio, funded by the ECPC, includes only financial instruments denominated in national currency. Interest income on securities, including deposits and reverse repo transactions, amounted to KZT69.44 bln. The revaluation of securities brought contributors KZT1.69 bln. As of July 1, 2026, accrued investment income over the past 12 months amounted to KZT122.77 bln, with a return of 16.84% for the period. A detailed breakdownof the investment portfolio of financial instruments managed by the National Bank of the Republic of Kazakhstan, including issuers, and an overview of investment activities are available on the UAPF's official website. Information on the portfolio structure of pension assetsformed through the ECPC is also available on the enpf.kz website. Investmentportfoliomanagers The total volume of pension assets under IPM management is KZT121.84 bln. As of July 1, 2026, pension assets under the trust management of Alatau City Invest JSC amounted to KZT19.32 bln. The company's main investments: Exchange Traded Funds (ETF) units – 31.79%, shares and depositary receipts of issuers of the Republic of Kazakhstan – 14.57%, bonds of second-tier banks of the Republic of Kazakhstan – 10.80%, government securities of foreign governments – 9.42%, corporate bonds of issuers of the Republic of Kazakhstan – 8.19%, bonds of quasi-public organizations of the Republic of Kazakhstan – 6.24%, repo – 4.99%, corporate bonds of foreign issuers – 4.28%, microfinance organizations – 2.94%. Please note that 54.48% of the portfolio is held in tenge, 44.66% in US dollars, and 0.86% in other currencies. The return on pension assets over the past 12 months from July 2025 to June 2026 was 13.88%. A detailed breakdownof the investment portfolio of financial instruments managed by Alatau City Invest JSC, including issuers, is available on the UAPF website. As of July 1, 2026, UAPF pension assets held in trust by BCC Invest JSC amounted to KZT15.53 bln. Main investment areas: Government securities of the Ministry of Finance of the Republic of Kazakhstan – 28.58%, bonds of second-tier banks of the Republic of Kazakhstan – 20.35%, bonds of quasi-public organizations of the Republic of Kazakhstan – 15.72%, shares and depositary receipts issued by organizations of the Republic of Kazakhstan – 9.00%, corporate bonds of issuers-residents of the Republic of Kazakhstan – 8.12%, units of Exchange Traded Funds whose asset structure mirrors the structure of the MSCI ACWI Index components – 5.55%, corporate bonds of foreign issuers – 5.42%. Investments in national currency accounted for 67.76% of the portfolio, in US dollars – 32.24%. The return on pension assets at the beginning of the year was 5.98%, and over the last 12 months from July 2025 to June 2026, it was 11.41%. A detailed structureof the investment portfolio of financial instruments managed by BCC Invest JSC, with an indication of issuers, is presented on the UAPF website. As of July 1, 2026, pension assets held in trust by Halyk Global Markets JSC amounted to KZT6.95 bln. The main investments in the portfolio structure are as follows: equity instruments of foreign issuers (ETF units) - 26.64%, bonds of quasi-public organizations of the Republic of Kazakhstan - 17.64%, bonds of second-tier banks of the Republic of Kazakhstan - 15.45%, reverse repo (no more than 90 calendar days) - 10.39%, notes of the National Bank of the Republic of Kazakhstan - 7.04%, shares and depositary receipts issued by organizations of the Republic of Kazakhstan - 6.10%, corporate bonds of organizations of the Republic of Kazakhstan - 5.91%, government securities of the Ministry of Finance of the Republic of Kazakhstan - 5.58%, securities with government status issued by the central governments of foreign states - 4.97%. It should be noted that 63.26% of the portfolio is held in tenge, and 36.74% in US dollars. The return on pension assets over the past 12 months was 12.37%. A detailed breakdown of the investment portfolio of financial instruments managed by Halyk Global Markets JSC, including issuers, is available on the UAPF website. As of July 1, 2026, pension assets under trust management by Halyk Finance, a subsidiary of Halyk Bank of Kazakhstan, amounted to KZT65.58 bln. The main investments in the portfolio structure are as follows: bonds of second-tier banks of the Republic of Kazakhstan – 21.51%, bonds of quasi-public organizations of the Republic of Kazakhstan – 14.17%, units of Exchange Traded Funds (ETF) – 11.59%, government securities of the Ministry of Finance of the Republic of Kazakhstan – 8.10%, shares and depositary receipts of issuers of the Republic of Kazakhstan – 7.67%, reverse repo (up to 90 calendar days) – 7.32%, corporate bonds of issuers of the Republic of Kazakhstan – 7.02%, MFOs – 4.39%, corporate bonds of foreign issuers – 4.19%, notes of the National Bank of the Republic of Kazakhstan – 1.21%. 64.89% of the portfolio is invested in instruments in national currency, 35.11% in US dollars. The return on pension assets over the past 12 months from July 2025 to June 2026 was 11.69%. A detailed breakdownof the investment portfolio of financial instruments managed by Halyk Finance Subsidiaryof Halyk Bank of Kazakhstan JSC, including issuers, is available on the UAPF website. As of July 1, 2026, pension assets under trust management by Tansar Capital JSC amounted to KZT0.32 bln. The main investments in the portfolio structure are as follows: Repo – 37.33%, Exchange Traded Funds (the asset structure of which mirrors the structure of the MSCI ACWI Index components) – 32.27%, ETFs on major stock indices – 7.32%, shares and depositary receipts issued by organizations of the Republic of Kazakhstan – 4.71%. 42.35% of the portfolio is invested in national currency instruments, and 57.65% in US dollars. Tansar Capital JSC began managing pension assets on April 8, 2026. The return on pension assets since the beginning of management has amounted to 1.84%. A detailed breakdown of the investment portfolio of financial instruments managed by Tansar Capital JSC, including issuers, is available on the UAPF website. As of July 1, 2026, UAPF's pension assets, held in trust by Centras Securities JSC, amounted to approximatelyKZT14.14 bln. 22.70% of the portfolio was invested in bonds of Kazakhstan's second-tier banks, 16.24% in repos, 13.75% in bonds of Kazakhstan's quasi-public organizations, 13.63% in corporate bonds of Kazakhstan's issuers, 6.95% in US government bonds, 4.73% in corporate bonds of foreign issuers, 4.52% in government securities of the Ministry of Finance of the Republic of Kazakhstan, 3.59% in shares and depositary receipts of foreign issuers, and 3.34% in shares and depositary receipts of Kazakhstan's resident issuers. Investments in national currency constituted 70.51% of the portfolio, while those in US dollars accounted for 29.49%. The return on pension assets over the past 12 months from July 2025 to June 2026 was 18.66%. A detailed breakdownof the investment portfolio of financial instruments managed by Centras Securities JSC, including issuers, is available on the UAPF website. As a reminder, UAPF has launched a unified online information platform for investment management of citizens' pension assets, invest.enpf.kz, which consolidates all key information about pension funds in a single digital space and provides a systematic approach to providing data on investment activities. UAPF was founded on August 22, 2013 on the basis of GNPF APF JSC. The founder and shareholder of the UAPF is the Government of the Republic of Kazakhstan represented by the State Institution Committee of State Property and Privatization of the Ministry of Finance of the Republic of Kazakhstan. Trust management of UAPF pension assets is carried out by the National Bank of the Republic of Kazakhstan. In accordance with the pension legislation, the UAPF attracts compulsory pension contributions, employer’s compulsory pension contributions, compulsory occupational pension contributions, voluntary pension contributions, as well as carries out enrollment and accounting of voluntary pension contributions formed at the expense of the unclaimed amount of guaranteed compensation for the guaranteed deposit, transferred by the organization carrying out mandatory guarantee of deposits, in accordance with the Law of the Republic of Kazakhstan "On mandatory guarantee of deposits placed in second-tier banks of the Republic of Kazakhstan", ensures the implementation of pension benefits. The Fund also carries out accounting of target assets and target requirements, accounting and crediting of target savings (TS) to target savings accounts, payments of TS to their recipients in bank accounts, accounting for returns of TS in the manner determined by the Government of the Republic of Kazakhstan within the framework of the National Fund for Children program (More details atwww.enpf.kz)

CURRENT QUESTIONS ABOUT UAPF

CURRENT QUESTIONS ABOUT UAPF What will happen to citizens' pension savings after the amendments to the Social Code come into force? Is their safety guaranteed? How is this ensured? Article 217 of the Social Code stipulates that, effective January 1, 2027, "the State guaranteesbeneficiaries the safety of compulsory pension contributions and compulsory occupational pension contributions to the Unified Accumulative Pension Fund in the amount of actually paid compulsory pension contributions and compulsory occupational pension contributions." The state guarantees the safety of pension assets by regulating the activities of the Unified Accumulative Pension Fund and private investment portfolio managers (IPMs), establishing investment requirements for both the National Bank of the Republic of Kazakhstan (NBRK) and IPMs, requirements for diversification and risk mitigation when investing pension assets, and other regulatory standards. Therefore, the funded pension system and pension provision for Kazakhstanis as a whole remain under the regulation, control, and responsibility of the state. Who manages pension assets? Pension asset investments are handled by the National Bank of the Republic of Kazakhstan (NBRK), and since 2021, by investment portfolio managers (IPMs) holding the appropriate license and meeting the requirements of the authorized body. The primary objective of this type of trust management of pension savings is to invest in various financial instruments and generate income. Pension asset managers—the NBRK and IPMs—have their own pension asset investment strategies and independently determine the structure of their investment portfolios within the framework of their investment declarations. The current IPM registry includes six private companies that Kazakhstanis can entrust with the management of their pension savings: Alatau City Invest JSC, BCC Invest JSC, Centras Securities JSC, Halyk Finance JSC, Halyk Global Markets JSC, and Tansar Capital JSC. You can find information about investment portfolio managers and study their investment declarations on the website www.enpf.kz in the “Services” section - “Register of Investment Portfolio Managers”, as well as through the online information platform invest.enpf.kz. Legislative changes provide for the possibility of transferring up to 100% of pension savings accumulated through compulsory pension contributions and compulsory occupational pension contributionsto the management of an investment portfolio manager (IPM). How will this mechanism work? Article 40 of the Social Code grants depositors the right to independently decide whether to transfer their pension savings to the management of the Compulsory Pension Contributions (CPC) and/or maintain them under the management of the National Bank. In September 2026, legislative changes will also come into force, expanding depositors' investment options. Currently, depositors can transfer up to 50% of compulsory pension contributions and compulsory occupational pension contributions, and up to 100% of voluntary pension savings, to the CPC. Starting in the fall, they will be able to transfer both voluntary pension savings and savings formed from compulsory pension contributions (CPC) and compulsory occupational pension contributions (COPC) in full to the CPC. The contributor has the right to independently select one or more IPMs, as well as various investment portfolios—that is, investment strategies for managing pension assets offered by the IPMs, which vary in risk level, expected return, and investment term. To transfer funds to an IPM trust, the contributor must submit an application form. This can be done in their personal account on the enpf.kz website, on the invest.enpf.kz online platform using an electronic digital signature, or at any UAPF branch. What are the benefits of transferring pension savings? How can contributors find complete information on pension asset management and track the performance of management companies? Transferring up to 100% of pension savings to IPM management opens up opportunities for depositors to grow their capital over the long term by choosing an IPM with a better performance history or a more aggressive strategy. The UAPF, 100% government-owned, is the unified infrastructure institution in the pension market. With contrtibutors exercising their right to transfer their savings to IPM management, the UAPF's institutional role has expanded. The UAPF is a unified accounting and information center for all contributors, operating their individual pension savings accounts regardless of who manages the assets (the NBRK and/or the IPM, at the contributor's discretion). The UAPF provides accessible services related to pension asset management, fully reflecting information about citizens' savings in statements 24/7. In addition, an online information platform (invest.enpf.kz) has been launched for UAPF contributors as a modern digital resource that allows them to compare asset management results across all managers (the National Bank of the Republic of Kazakhstan and the IPM). Invest.enpf.kz provides access to performance information and allows for dynamic comparison of data across asset managers and their portfolios over a specified period. Using this platform, contributors can learn about: investment portfolio structure; return indicators for various periods; composition of investment instruments; comparative characteristics of various managers; investment statements and management strategies. Furthermore, information on investment activities is regularly published on the enpf.kz website and the invest.enpf.kz online platform and is updated on an ongoing basis. How will IPM liability be ensured when receiving pension savings into trust management? The contributor has the right to independently select the IPM and investment portfolio, i.e., the investment strategy for managing pension assets, which differ in risk level, expected return, and investment term. In turn, the IPM bears statutory responsibility for the fiduciary management of pension assets and, in the event of a negative difference between the nominal return earned by the IPM and the minimum return calculated in accordance with regulatory requirements, compensates for the negative difference from the IPM's own capital.

TO PUBLIC ATTENTION

The summary of the results of the electronic auction held by the GU "Zaysan district department of land relations" on July 22, 2026 on the site gosreestr.kz for the sale of land plots in private ownership by the English method of bidding. № Land address total area, ha Special purpose Cadastral value, tenge Starting price, tenge Guarantee fee, tenge Type right Won Winning price Conclusion 1 Zaisansky District, Kensaisky Rural Okrug 20,0 for the placement of a feedlot 35 000 000 4 200 000 630 000 Lease right for 6 years Zamanbekov Syrym Kuatbekovich 4 620 002 Protocol No. 450576 of the results of the electronic auction on 22.07.2026 2 Zaisansky district, Ainabulaksky rural district 3,0 for the placement of a feedlot 5 250 000 630 000 216 250 Lease right for 6 years - - Act No. 450575 on failed electronic auctions dated 07/22/2026