LIST OF INVESTMENT PROJECTS

IN THE SPHERE OF AIC TO ATTRACT FOREIGN

INVESTORS

ASTANA 2009

Wholesale agricultural market (with regional terminals)

Project capacity: provision of capital’s population with food products with the output of: fruit and vegetables – 90 thousand ton; meat foods, fish- up to 40 thousand tons a year

.

Project objective: construction of modern advanced wholesale market with regional terminals

Recoupment term : 10 years

Project Cost: 33 760,911mln. KZT (US$226,6 mln.), the Republican Fund allocates: 10 763,54 mln. KZT, in 2008 - 298 mln..KZT, 2 in 2009 . – 1 000 mln. KZT, in 2010 – 4 538 mln. KZT, in 2011 – 4 927,54 mln. KZT.

Progress: the choice and adjustment of lots for construction of the wholesale agricultural market and regional terminals and their procurement have been made. The Feasibility Study (FS)of the construction of wholesale agricultural market was drawn up and confirmed in Astana (hereinafter WAM). Design Estimates of WAM have been made in Astana. The elaboration of FS of regional terminals in Arys, Ust-Kamenogorsk and Aktau is in the process. The term of completion is late February 2009. Collection of specifications is being done to link-up networks.

Location: wholesale market in Astana, regional terminals in the towns of Arys, Aktau, Ust-Kamenogorsk

Initiator: JSC NC Prodcorporation

1

Launch: December 2011

Grain processing factory in North-Kazakhstan oblast

Project objective: construction of grain processing factory in North-Kazakhstan oblast

Recoupment term : 7,9 years.

Project cost: 25 832,0 mln. KZT (US$173,4 mln.), the Republican fund allocates: 2 335,25 mln.KZT, in 2010 – 441,5 mln. KZT, in 2011– 1 893,75 mln.KZT.

Progress: At present search of potential partner-investors is being made. A number of meetings with foreign companies like MAN Ferrostal (Germany), Cargill (the USA) was conducted. However, the issue of the project investment is left open.

Location: village of Novoishimskoe, G.Musrepov rayon of North-Kazakhstan oblastCapacity: production of gluten– 34, 2 thousand tons, starch-175 thousand tons, feeding scalpings- 66 thousand tons.

2

Launch: IV quarter of 2012

Initiator: JSC NC “Prodcorporation”

Bio ethanol production complex

of two industrial objects in the territory of the Republic of Kazakhstan and Czech Republic

Launch: May 2010 .

Project objective: construction and launch of a single bio ethanol production complex of two industrial objects in the territory of the Republic of Kazakhstan and Czech Republic.

Recoupment term : 6 years

Project Cost: 112 600 000 Euros, required investments –bio ethanol factory in Czech Republic – 62 mln. Euros, bio ethanol factory in Kazakhstan -49 mln. Euros.

Progress: business-plan of the project is elaborated

Capacity: bio ethanol production- 63 148 700 litres a year in Czech Republic, 72 621 005 litres a year in the Republic of Kazakhstan;Production of dry fodder for cattle- 54 thousand tons a year in Czech Republic, in the Republic of Kazakhstan – 54 thousand tons a year

Initiator: LLP «Chebio- Hebio», the Republic of Kazakhstan, CHEBIO, a.s. /JSC «Hebio»/, Czech Republic

Location: Czech Republic, Karlovary oblast, Vrzhesova, the Repubic of Kazakhstan, Chemolgan station, Ilyiiskii rayon, Almaty oblast.

3

Construction of livestock complex jointly with meat processing and fodder production factory

Project objective: creation of vertically integrated production structure and high-quality agricultural products processing with closed cycle in North-Kazakhstan oblast;Increase of export potential of the country due to agricultural raw products processing.

Project Cost: 17 billion KZT (US$ 143 mln)

Launch: from 2007 to 2013 (gradually)

Progress : - adopted pig-breeding complex of 1 line;- held preparatory works on construction of pig-breeding complex of 2

line; - Livestock complex (1 line) is built and launched.

Location: North Kazakhstan oblast, the village of Tainsha

Capacity: Pig-breeding complex for 100 thousand heads a year;Fodder production factory -210 thousand tons a year;Meat-packing plant – 15 thousand tons of meat a year, 9 thousand tons of sausages;Poultry factory – 420 thousand laying hens a year.

Initiator: LLP «Basko»

4

Rape processing production into rapeseed oil and raw milk in North-Kazakhstan oblast

Capacity: increase of initial seed processing factory output from 65 thousand tons a year to 180 thousand tons a year;Increase of milk processing factory output from 65 thousand tons a year to 140 thousand tons a year, establishment of 5 livestock complexes for 6 thousand heads of livestock, construction of fodder production factory with the output of 200 tons in 24 hours.

Project Cost: US$ 120 mln, financing from the Republican fund is not envisaged

Progress: by the project “Construction of industrial livestock complexes” the location of the complex is determined, preliminary FS is elaborated, Design Estimates (DE)are being prepared.By the project “initial seeds processing factory modernization in the village of Novoishimsk” the site for additional equipment installation is defined, the work on infrastructure improvement is done., the outputs are increased to store rape, the applications were proceeded to the oblast akimat for training staff, preliminary FS is prepared.

Project objective: creation of rape processing production into rapeseed oil and raw milk

Location: North-Kazakhstan oblast

Recoupment term: for rape processing - 7 years, for milk processing – 15 years;

Launch: IV quarter of 2011

Initiator: LLP «Maslo-del»

5

Development of virgin and fallow lands on the area of 30 000 hectares

Project objective: further development of the group of companies “Bogwi” directed at agricultural production and processing to gain maximum possible competitive advantages through agro industrial infrastructure modernization to intensify trade cooperation in the world markets

Project Cost: US$ 50. The funds will be directed to the following: purchase of fuels and lubricants for mechanical irrigation of lands - US$ 16,5 mln, purchase of stock seeds of high quality wheat varieties - US$ 14,7 mln , purchase of items for chemical protection of plants – US$ 13,5 mln. Other expenses – US$ 5,3 mln

Launch: 2008- 2017

Location: Akmola and North-Kazakhstan oblasts.

Capacity: increase of grain production output up to 850 thousand tons annually due to enlargement of arable areas of the group of companies “Bogwi” from 2009 to 2011 from 400 thousand hectares to 700 thousand hectares and yields increase.

Initiator: Group of companies «Bogwi»

Recoupment term: 6 years

6

Construction of fair exhibition complex in Astana

Project objective: increase efficiency of agribusiness through wide access of AIC entities to fair exhibition activities by:- Raising agricultural competitiveness;- Enhancement of agricultural goods and services and conclusion of agreements by the participants of agricultural sector;- Expansion of interregional and international relations;- formation of civilized attitude to the market by providing the opportunity to study market trends for AIC entities and evaluate the position of the business in the market;- provision of equal opportunities for competition for all AIC entities – participants of fair exhibition activities.

Project Cost: 3 440 mln KZT

Launch: Completion of FS, DE (2007-2009)Completion of construction (2010-2011)

Progress:FS of the project is elaborated and undergoing state examination;The work is o the development of DE;The work is on legalization of the lot.

Location: Astana

Capacity: 14 000 sq. metres of display spaces

Initiator: JSC «KazAgroMarketing»

7

Creation of vertically integrated structure on agricultural production, storage, distribution and export

Project objective: Construction of milk factories in Ust-Kamenogorsk and Kostanai, enlargement of actual milk factory in Almaty; Creation of processing plant for baby food production (reconstruction of the baby food plant “Bobek”); Construction of regional and distribution centers (industrial plants with fridge equipment, fruit and vegetable storehouses);Creation of the chain of wholesale markets with their own production.

Project Cost: 99,4 billion KZT ( US$ 818mln.).Launch: 2008- 2017.

Progress: project block: orchards (the lot is chosen); developed 25 hectares (planted young orchard); Project block: milk farms – equipment suppliers chosen; conducted topography, geology and geodesy of the lot for farm construction, DE is prepared. Project block: milk factory, former Ust-Kamenogorsk milk factory was acquired; jointly with the company “Tetra Pak Central Asia”, technological project for product output is worked out; leasing contract with the firm “Tetra Laval Credit” is signed for supply of technological equipment.

Location: Almaty oblast (Panfillov, Enbekshikazak, Uigur rayons), West Kazakhstan oblast Chain of distribution – oblast centres around Kazakhstan

Capacity: orchards - 2 thousand hectares with enlargement up to 10-12 thousand hectares, 4 milk farms with 2 thousand heads of animals each.

Initiator: Holding of companies «Rayimbek Group»

8

Making of intensive orchards in the area of 2000 hectares in Almaty oblast

Project objective: creation of fruit plantations of high quality to sell fresh products in the domestic market of the RK and export of Russian Federation, and for processing adopting the technology of intensive gardening having established required production infrastructure.

Recoupment term : 10 years

Term for project implementation: making of orchards within 5 years, industrial exploitation for 15 years

Location: Almaty oblast – Uigur and Panfillov rayons

Planned capacity: within 3-5 years to create 2000 hectares of orchards. Density for planting is 3500 trees per hectare (880 large and stone fruit trees per hectare).

Short description of the project: project plans to make intensive orchards in Almaty oblast applying anti-virus highly productive planting stock.

Project cost: US$ 2,2 mlnRequired amount: US$ 1, 8 mln

Initiator: LLP «Alma-Prodex»

9

Construction of commercial sturgeon automated piscicultural complex with the productivity of 100 tons of commercial fish and 3 tons of caviar a year

and production of young sturgeons

Project objective: Construction of closed water supply installations for commodity production of caviar and sturgeon-breed fish preserving the manufacturers and obtaining the young fish from such endangered species like beluga, sturgeon, stellate sturgeon, sterlet.

Recoupment term : 4 years

Term for project implementation: 7-12 months (period of construction and factory launch)

Location: Atyrau oblast, village of Ganushkino

Capacity: Creation of new production with further enlargement and increase of output up to 300 tons of commercial fish and 5 tons of caviar.

Short description of the project: adoption of new technologies for growing sturgeon fish. Production of commercial fish, caviar and reproduction of young sturgeon breed in the Red Book. Provision of internal and external markets with delicacy product. Rearing of silver carp and grass carp in open ponds

Project Cost: US$ 5 mlnRequired amount: US$ 3,5 mln

Initiator: LLP « RBFCaspyi»

10

Flour and fodder production

Project objective: Flour and fodder production

Recoupment term : 6 years

Project Cost: US$ 18, 1mln Required amount: US$ 18, 1 mln

Term for project implementation: 11 months

Project location: Akmola oblast, the town of Kokshetau .

Capacity: Elevator’s capacity is 50 thousand tons,Production capacity: flour manufacture up to 300 tons in 24 hours, fodder – 100-200 tons in 24 hours.

Short description of the project: installation and adoption of grain elevator equipment, flour and feed mills

Initiator: JSC «Kazakhstan financial corporation»

11

Construction of greenhouse complex on the area of 10 hectares applying alternative source of energy

Project objective: production of green products

Recoupment term: 6 years

Project Cost: US$ 17 ,0 mln.Required amount: US$ 17,0 mln.

Term for project implementation: 10 months

Location: Akmola oblast, the town of Kokshetau

Capacity: 10hectares

Short description of the project: installation and exploitation of: bio gas installations and greenhouse complex to provide the capital with fresh and cheap agricultural products

Initiator: JSC «Кazakhstan financial corporation»

12

Livestock product processing claster from cattle feeding to ready-made products of “Halal” standard

Project objective: provision of full and completed cycle of livestock production of “Halal” standard (from cattle feeding to meat and sausages ready made for sale)

Mechanism for attraction: direct investment in terms of 20% transfer out of capital stock, concessionary crediting up to 10%

Location: meat-packing plant -Aktobe, cattle feeding depot – the lot with the area of 2 hectares 50 km far from Aktobe

Capacity: meat-packing plant –8 tons in 24 hours, cattle-feeding depot - 2000 heads

Progress: the 1st stage of the project is implemented. Meat packing plant was launched in June 2008. Its products have the quality certificate “Halal” . Financing is necessary for the 2nd stage: organization of he cattle feeding depot «Halal»

Term for implementation: 1 year

Recoupment term: 5 years

Cost: 2,7 bln KZT ( US$ 18,1mln)

Initiator: LLP «Тandem W»

13

Construction of grain storage and processing and all-mash production complex

Project objective: construction of specialized complex for storage and processing of grain and all-mash production

Location: the countryside of Astana

Capacity: mill - 300 tons in 24 hours, elevator - 50 thousand tons, production of all-mash – 100 tons in 24 hours

Mechanism of attraction: direct investment – in terms of transfer of 49% out of capital stock, concessionary crediting up to 10 %

Cost: 2,7 bln KZT (US $ 18,1mln)

Recoupment term: 7 years

Term for implementation: 1 year

Initiator: JSC «Kazakhstan financial corporation»

14

«Eurasia» - growth, processing and marketing of poultry meat

Capacity : 60 thousand tons of poultry meat a year

Launch: December 2011

Project objective: creation of vertically integrated holding for growth, processing and marketing of poultry meat including feed grain production, deep processing and manufacture of poultry meat products, system of storage and transportation of ready made products

Recoupment term : 10 years

Project Cost: US$ 134,7 mln

Progress: 1. completed the construction of new processing plant (launch in April 2009) on the basis of Ust-Kamenogorsk poultry plant 2. determined the lots to grow feed grain 3. defined the equipment suppliers

Location : Almaty and East Kazakhstan oblasts

Required amount: US$ 119,4 mln

Mechanism of attraction: - direct financing as well as concessionary crediting

Initiator: JSC «Ust-Kamenogorsk poultry plant»

15

Irrigation of Zhaushykumsk massif lands of Shardary rayon of South Kazakhstan oblast adopting water-saving technologies (1line)

Project objective: development of massif’s lands adopting new technologies of irrigation. The water is delivered by pumping stations from Shardary reservoir. In the 2nd line it is planned to provide with full completed production cycle, processing and transportation of fruit and vegetable products

Location: Shardary rayon, Zhaushykum rayon

Capacity: development of 13.0 thousand hectares of dry lands, annual croppage of fruit and vegetable crops will be 523.0 thousand tons for the amount of 11 bln. KZT, and there will be jobs for 7200 people. Preliminary project cost: US$ 122,7mln.

Mechanism of investor’s attraction: direct investment, state guarantees, short term of recoupment

Term for implementation : 2years

Recoupment term : 2 years (from implementation is 4 years)

Initiator: akimat of South-Kazakhstan oblast

16

Construction of semi combed yarn production plant

Project objective:- Facilitate wool production in the Republic of Kazakhstan;- create the base for processing semithin and semicoarse wool into ready made products;- create the conditions for further deep wool processing

Cost: US$ 11 mln.The funds will be directed in the following way:- purchase of equipment– US$ 9 mln- reconstruction of buildings – US$ 1mln- circulating assets – US$ 1 mln

Progress: business-plan is elaborated, preliminary engineering project is made up (the chain of equipment is counted and defined, equipment suppliers are defined)

Location: Tekes village, Rayimbek rayon Almaty oblast

Capacity: 1100 tons a year of semicombed yarn from semithin and semicoarse wool for carpet and cloth manufacture.

Initiator: Group of companies JSC Stroikontrakt Corporation, LLP “Kuat Ltd ”

Recoupment term: 6 years since launch

17

Investments to grain production

Project objective: organization of joint activity for production and sale of grain and processing products

Cost: US$ 1,5 bln of foreign investments.

Location: Akmola, Kostanai and North-Kazakhstan oblasts

Initiator: «Grain Union of Kazakhstan»

Potential project parties: domestic grain companies and strategic investors

Cooperation: participation of foreign investors in the capital of domestic grain companies.

Party contributions: • domestic grain companies– 2 mln hectares of arable areas, technical resources;•Foreign investors – finance.

18

Construction of greenhouse complex

Capacity: growth of tomatoes and cucumbers in greenhouse on the protected ground of 12 hectares

Term for project implementation: 2 years 3 months (March of 2011)

Project objective: provision with fruit and vegetable products

Recoupment term: 7 years

Cost: US$ 25,2 mln

Location: Karasai region, Almaty oblast

Required amount: US$ 25,2 mln

Mechanism of attraction: - direct investment in the terms of 40-49% transfer out of capital stock. At present attraction of Japanese investors is being worked out

Initiator: LLP «Almaty Greenhouse Plant»

19

Construction of vegetable oil production factory

Capacity: production of 36-tons of vegetable oil in 24 hours with further increase up to 100 tons

Project objective: development of oil-yield crop production, meeting the demands of vegetable oil in domestic market

Recoupment term : 7,5 years

Location : 110000, Republic of Kazakhstan, Kostanai, 36 Karbysheva street

Required amount: 1 310 226 000 KZT

Mechanism of attraction: investment share up to 50 % of Project Cost

Initiator: LLP «Sodruzhestvo»

20

Launch: March-April 2010

Progress: built and launched elevator with capacity of 20 000 tons of seeds, built and launched oilseed processing plant with the capacity of 100 tons of seeds and production of 36 tons of oil and 64 tons of oilcake in 24 hours

Cost: 2 717 183 000 KZT

Creation of vertically-integrated complex (cluster)of enterprises on poultry food production with use of non-polluting closed technology

Capacity: PPF "Kostanayskiy" - 115 thousand of parent animals; Broiler poultry factory - 5 thousand ton per a year; egg factory - 480 thousand heads; Grain processing complex: mixed fodder factory - 20 tons per an hour, grain storage - 100 thousand tons, grinding complex - 150 tons per a day; Poultry processing factory: slaughter workshop – 3 thousands per an hour, meat processing workshop; deep egg processing factory with productivity of 1 million eggs per a shift; biogas production complex.

Project objective: Creation of highly profitable automated poultry food production.

Recoupment term : 2,7 years

Location: Republic of Kazakhstan,Maiskoe v., Taranovsk rayon, Kostanai region

Required amount: 11 137 000 000 KZT

Initiator: LLP PPF "Kostanayskiy"

21

Launch: 2009 – 2010 years

Progress: Business plan was worked out; construction documents were prepared; the land for construction of all the complex was allocated; the Contracts with equipment suppliers were concluded.