Message from the Chairman of the Management Board
GRI 2-22

DEAR COLLEAGUES, PARTNERS AND INVESTORS!

Hereby I would like to present the Kazatomprom’s integrated annual report for 2023 containing the key performance results of the nuclear holding company.

I am proud to address you to share the key events that have shaped our path in 2023. The year was a time of significant achievements and strategic moments that strengthened our position in the global nuclear arena and enhanced our relationships with partners around the world.

The renewal of subsoil use contracts for our subsidiaries including Kazatomprom-SaUran LLP and RU-6 LLP ensures stable and sustainable uranium production in Kazakhstan on a long-term basis. This step not only supports our nuclear development strategy but also confirms our position as one of the world's leading uranium producers.

We successfully deliver uranium to the Romanian energy company Societatea Natională Nuclearelectrica S.A. via the Trans-Caspian International Transport Route. This demonstrates our reliability as a nuclear fuel supplier to the global market. This also reflects our geographic expansion strategy which gives us additional confidence for the future.

The IAEA Head's visit to the Republic of Kazakhstan and his visit to our facilities emphasised the importance of our country as a key player in the global nuclear fuel market. This is recognition of our role and contribution to the common good and safety in the field of nuclear energy. We are proud to be an important link in ensuring international safety standards.

The launch of the refining facility in the Turkestan region was a significant event. This allowed us to improve product quality and increase the uranium recovery rate to 100%. The project not only raises our technology platform to a new level but also benefits society through the creation of new jobs and the development of the region.

The signing of a co-operation agreement with Framatome and the execution of a long-term uranium supply contract with China National Uranium Corporation Limited open new horizons for our company. This not only expands our partnerships but also helps us meet the growing demand for clean energy, thereby supporting our commitment to innovation and development.

Another important step in our strategic partnership is the signing of the contract on uranium supply to the Barakah nuclear power plant in the UAE during the President of Kazakhstan’s official visit. This contract confirms our reputation as a reliable supplier and our commitment to global energy security.

On the occasion of the fifth anniversary of our IPO, I would like to express my sincere gratitude to all our partners, investors and employees for their support and trust. This significant anniversary reminds us of our common path to success and the appreciation of every member of our team. We appreciate your role in helping us achieve our goals and are confident in continuing our mutually beneficial partnership in the future. Thank you for your trust and participation in our success.

Chairman of the Management Board
NAC Kazatomprom JSC
Meirzhan Yussupov