KACD

A N N U A L

R E PO R T

20

15

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C O N TE N T 3 Glossary

5 Procedural Explanations

6 Message from the President

7 Main Events

Professional Activities

Risk Management

Supreme and Governance Boards of the Central Securities Depository

International Activities

10 Results of Financial and Economic Activities

12 Depository Activities

Clients

Personal Accounts and Subaccounts

Nominal Holding

Securities Holders

Registered Transactions

Primary Securities Market

Secondary Securities Market

Financial Instruments’ Pledge of Rights and Burden

Lodging of Financial Instruments into Nominal Holding

Removal of Financial Instruments from Nominal Holding

Financial Instruments Net Transactions

Corporate Actions

25 Exercise of Certain Types of Banking Operations

27 Allocation of the International Identification Numbers to Securities and Other Financial Instruments

28 Maintenance of the Securities Holders Register System of the Integrated Securities Registrar

29 Allocation of Identification Numbers to the Rights of Demand

30 Generation and Maintenance of the Derivative Transaction Register System

31 Factual Material

Shares and Shareholders

Equity Capital

Clients

Income and Expenses

Depository Activities

Funds Transfer

Allocation of the International Identification Numbers to Securities and Other Financial Instruments

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GLOSSARY

ANNA Association of National Numbering Agencies

KASE Kazakhstan Stock Exchange JSC

JSC Joint Stock Company

AECSD Association of Eurasian Central Securities Depositories

GTO Government treasury obligations of the Republic of Kazakhstan which were issued by the Ministry of Finance of the Republic of Kazakhstan

State-owned block of shares

Shares owned by government

Government securities

Government emission securities issued in accordance with the legislation of the Republic of Kazakhstan

SBS State-owned block of shares

GS Government securities

ISR The Integrated Securities Registrar

CJSC Closed Joint Stock Company

CFI code International Code of Financial Instruments (Classification of Financial Instruments), allocated in accordance with ISO 10962

ISIN code International Securities Identification Number allocated in accordance with ISO 6166

Thomas Murray Company

Thomas Murray Rating Company (Great Britain) specialized on the allocation of ratings to infrastructure financial organizations, risk-management and researches in the global industry of recordkeeping and safekeeping of securities

МАОКАМ government special medium-term treasury obligations of the Ministry of Finance of the Republic of Kazakhstan (with two and three years circulation term) (abbreviation of securities title is in Kazakh language)

МЕККАМ government short-term treasury obligations of the Ministry of Finance of the Republic of Kazakhstan (with the circulation term up to one year inclusive) (abbreviation of securities title is in Kazakh language)

МЕОКАМ government medium-term treasury obligations of the Ministry of Finance of the Republic of Kazakhstan (with the circulation term over one up to five years inclusive) (abbreviation of securities title is in Kazakh language)

MEUJКAM government long-term saving treasury obligations of the Ministry of Finance of the Republic of Kazakhstan (with over five years circulation term), placed with Pension Savings Funds (abbreviation of securities title is in Kazakh language)

MEUKAM government long-term treasury obligations of the Ministry of Finance of the Republic of Kazakhstan (with over five years circulation term) (abbreviation of securities title is in Kazakh language)

The Ministry of Finance

The Ministry of Finance of the Republic of Kazakhstan

mln million

bln billion

ISMT The Interbank System of Money Transfer operating on the basis of the Kazakhstan Interbank Settlement Center of the National Bank of the Republic of Kazakhstan

MUIKAM government long-term indexed treasury obligations of the Ministry of Finance of the Republic of Kazakhstan (with over five years circulation term) (abbreviation of securities title is in Kazakh language)

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Municipal securities securities issued by local executive bodies of the Republic of Kazakhstan

The National Bank The National Bank of the Republic of Kazakhstan

NGS Non-government securities

Non-government securities

shares, bonds and other emission securities which are not the state emission securities

Nonresident nonresident individual or legal entity

NIN National Identification Number of the security allocated in accordance with the laws of the Republic of Kazakhstan

Nominal holding nominal holding of the Central Securities Depository

OJSC Open Joint Stock Company

UIF Unit Investment Fund

Resident Individual, being a citizen of the Republic of Kazakhstan, as well as legal entity incorporated and registered in the Republic of Kazakhstan in accordance with the laws of the Republic of Kazakhstan

Fig. figure

The Board of Directors

The Board of Directors of the Central Securities Depository

LLP Limited Liability Partnership

tln trillion

k thousand

The Central Securities Depository

Central Securities Depository JSC

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PROCEDURAL EXPLANATION

Face amounts of debt securities, as well as the face value of equity financial instruments determined by the Central Depository in accordance with its internal document Regulation on Tariffs and Fees are used in the Report to present the volumes of financial instruments, which are in nominal holding of the Central Securities Depository.

The Central Securities Depository would like to draw special attention of the Report’s readers to the fact that the volumes of financial instruments, which are in nominal holding of the Central Securities Depository, shown in this Report, may not be used for any purpose other than for comparision of data specified in this and other Annual Reports of the Central Securities Depository.

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MESSAGE FROM THE PRESIDENT

Dear Shareholders,

The last year turned out to be challenging for Kazakhstan. Global economic slowdown, oil and metal downward price movements, foreign exchange rate fluctuations and other external factors have effected over the country’s economy and financial market. Nevertheless, in 2015 the Central Securities Depository proceeded with improvement of quality and expansion of a list of services, enhancement of risk management system, and support for financial strength.

In June 2015 the Central Securities Depository in

cooperation with KASE performed implemention of the deferred net settlements with partial collateral. Moreover, in November 2015 the Central Securities Depository together with the National Bank adopted overdraft transactions.

Changing of a service tariff calculation methodology of the Central Securities Depository has impacted on financial performance results of the year. Hence, based on the 2015 financial and economic activities, net profit of the Central Securities Depository has been reduced by 43.60 % versus the last year.

XII AECSD International Conference, held in Almaty on September 10, 2015 with administrative support of the Central Securities Depository, has become one of the most outstanding events of this year. It should be noted that AESCD International Conference is a unique platform for experience sharing and discussing new objectives and goals for securities markets, where central securities depositories play a crucial role.

Alongside with that KPMG Tax and Advisory Company conducted CobIT 5.0I conformance IT-audit in 2015,

the purpose of which was to assess the efficiency of informational technology and infrastructure. Follow-up this audit KPMG Tax and Advisory Company has introduced recommendations on improving this area. This will enable to add value to the business operations of the Central Securities Depository, streamline efforts of information systems, and business in a whole.

In the next year the Central Securities Depository is planning to attain goals of the Strategic Development and Main Works Strategic Plan of the Central Securities Depository for 2014–2016.

Yelena Studenina

President the Central Securities Depository

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MAIN EVENTS

P r o f e s s i o n a l A c t i v i t i e s

On June 29, 2015 the Central Securities Depository jointly with KASE issued amendments to the regulatory framework and automated information systems for the purpose of implementing the deferred net settlements with partial collateral.

On November 05, 2015 the Central Securities Depository in partnership with the National Bank

issued amendments to the regulatory framework and automated information systems for lending loans of the National Bank to ISMT members.

On December 30, 2015 the Board of Directors adopted a Tariff and Fee Charging Concept of the Central Securities Depository providing tariffs for all services rendered by the Central Securities Depository.

R i s k M a n a g e m e n t

In 2015 the Central Securities Depository continued the improvement of risk management system in accordance with the Principles for Financial Market Infrastructure worked out by the Committee on Payment and Settlement Systems and International Organization of Securities Commissions.

Within the frameworks of the actions on the adjusting business practice of the Central Securities Depository in line with Principles for Financial Market Infrastructure, in 2015 the Central Securities Depository regulated the risk analysis procedures exposed by other financial market infrastructures, and

it exposes to other organizations, and also the procedures for selection of servicing banks and other accounting institutions, the Data Loss Action Procedure, the Physical Security Assurance Policy and other procedures, and also, for the first time, prepared and published information disclosure to observe Principles for Financial Market Infrastructure.

It's worth noting that the Principles for Financial Market Infrastructure specify an expediency of the public disclosure of the Financial Market Infrastructure List by the competent authorities that are system-relevant infrastuctures. Herewith, in 2015 the National Bank classified the Central Secirities Depositiry as a systemically important financial institution for the

period of January 01 through December 31, 2016, and also stated on its willingness to support for financial stability of the Central Decurities Depository, as needed.

Being a securities market infrastructure, the Central Securities Depository attaches importance to providing of continuity of its business acitivities. In 2015, the Central Securities Depository kept perfection of business continuity plans and procedures in accordance with international practice. In particular, the communication system beween the Back-up Center and Head Office of the Central Securities Depository has been improved, and online data backup has been ensured, that in overall raised effectiveness of market information protection. To assess the efficiency of

business continuity plans and procedures the Central Securities Depository carries out regular testing focused on defining of the on-the-spot and proper

response to various incidents comprising use of the Back-Up Center. The results of tests conducted in 2015 evidence on the reliability and efficiency of the business continuity procedures of the Central Securities Depository.

As an extra measure for risk mangement the Central Securities Depository exercised risk insurance. In 2015, the Central Securities Depository implemented insurance of its risks (professional liability insurance) in the amount of KZT 500 mln. Insurance policy shall cover risks associated with unlawful acts, cyber crimes and failure, personnel errors, and other risks. Since

2013 the Central Securities Depository has been maintaining risk insurance on an anuual basis. No insured risk events have occcured for the above mentioned period.

In 2015 the Central Securities Depository taken measures aimed at advance of the internal control procedures for the purpose of the Counteraction of the Legitimization of Proceeds of Crime and the Financing of Terrorism (Anti-Money Laundering). At the same time, the risk due dilligence of the legitimization (laudering) of proceeds of crime and the financing of terrorism has been held, client identification procedures have been elaborated, and financial monitoring procedures have been automated.

In 2015 Thomas Murray Company confirmed the rating of the Central Securities Depository at the level "А+", that complies with low risk level. This rating is assigned based on the action assessment results of the Central Securities Depository undertaken for risk reduction under the following eight categories including:

– asset commitment risk;

– liquidity risk;

– counterparty risk;

– asset safety risk;

– asset servicing risk;

– financial risk;

– operational risk;

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– governance and transparency risk.

The methodology used for rating considers the efficiency and quality of business operations of the Central Securities Depository , as well as its capacity and readiness to hinder the clients from potential losses. In the context of rating procedures the Central Securities Depository ’s range and quality of sercices shall be also evaluated.

S u p r e m e a n d G o v e r n a n c e B o a r d s o f t h e C e n t r a l S e c u r i t i e s D e p o s i t o r y

During the reporting period there were one Annual General Meeting and two Extraordinary General Meetings of Shareholders of the Central Securities Depository. Furthermore, there were 11 meetings and 20 absent votings of the members of the Board of Directors at which more than 100 topics (documents) were reviewed including: – 20 documents regulating professional activities of

the Central Securities Depository;

– 16 documents regulating internal activities of the Central Securities Depository;

– 12 reporting documents, 17 reports, three plans, four conclusions;

– eight items concerning arrangements for the General Shareholders’ Meetings of the Central Securities Depository;

– two topics concerning business operations of RTRS LLP;

– 13 documents governing financial and economic activity;

– 20 various topics.

Since 2009 the Committee of the Board of Directors of the Central Securities Depository on Strategy, Risk, Human Resources, Remuneration and Social Affairs, and since 2010 the Audit Committee of the Central Securities Depository’s Board of Directors have been functioning. The purpose of their activities is an in-depth study of single activity fields of the Central Securities Depository and rendering consultations to the Board of Directors thereunder.

Composition of the Board of Directors in the amount of seven members (previously it was nine members) was determined by the Resolution of the General Shareholder’s Meeting of the Central Securities (Minutes of Meeting # 1 dated April 29, 2015). The Board of Directors‘ members were newly reelected with the terms of powers to be expired at the moment of holding the General Shareholders Meeting of the Central Securities Deposity in 2018.

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I n t e r n a t i o n a l A c t i v i t i e s

During 2015 the Central Securities Depository has participated in the following securities market events of the international agencies and organizations:

1) Eurasian Financial Forum (venue – Moscow, Russian Federation);

2) Global Conference of Central Securities Depositories (venue – Cancun, Mexico);

3) XII International Conference of the Association of Eurasian Central Securities Depositories Securities Market Regulation: Current Development and Prospects (venue – Almaty, Republic of Kazakhstan);

4) Conference Corporate Actions Reform: Today and Tomorrow (venue – Moscow, Russian Federation);

5) The Third Annual Conference for Issuers Corporate Governance of Russian Issuers: Challenges and Opportunities (venue – Saint-Petersburg, Russian Federation);

6) Regular Annual Member Meeting of of the International Association of Exchanges of the Commonwealth of Independent States (venue – Minsk, Republic of Belarus);

7) Training Workshop for Central Securities Depositories of the Commonwealth of Independent States (venue – Moscow, Russian Federation).

In addition, in 2015 the Central Securities Depository accomplished the following work based on the queries of international organizations:

– updating the information on the Central Securities Depository in the Questionnaire of the

Association of Global Custodians Depository Information-Gathering Project 2015–2016;

– updating the information on the Central Securities Depository in the Thomas Murray’s Rating Report.

XII Conference of the Association of Eurasian Central Securities Depositories (AECSD) Securities Market Regulation: Current Development and Prospects was held in Almaty on September 10, 2015. It was administered by the Central Securities Depository. The conference participants have discussed the matters of

regulating securities market, challenges, prospects and other vital subjects. Within the framework of this activity a Memorandum of Understanding (MoU) between Merkezi Kayıt Kuruluşu A.S. (MKK) and the Central Securities Depository (KACD) was signed on September 10, 2015. The parties have agreed to extend cooperation in the area of the depository and settlement transactions, corporate actions, to share with experience and information.

Also, the AECSD Annual Meeting was conducted on September 11, 2015, wherein the AECSD last year activities outcomes were summurized, AECSD members and observers were selected, and further development aspects were discussed.

The Central Securities Depository and the Republican Unitary Enterprise Republican Central Securities Depository (the Republic of Belarus) entered into the Agreement on Agency Arrangement on October 28, 2015.

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RESULTS OF FINANCIAL AND ECONOMIC ACTIVITIES

As a result of its activities the Central Securities Depository has received net profit in the amount of KZT 216.73 mln, the amount of which is by KZT 167.54 mln (-43.60 %) below than the previous year similar indicator. The main reason of net profit reduction for the reporting period is one time, unplanned event, being not of a direct operational activity result, and is related to changing of a service tariff calculation methodology of the Central Securities Depository.

I n c o m e

Total operational income amount of the Central Securities Depository gained for 2015 was KZT 1,085.24 mln that is by KZT 126.10 (-10.41 %) less than total income amount of the Central Securities Depository in 2014 (Fig. 2).

Principal source of operational income of the Central Securities Depository in 2015 was income from depository activities. Specified income in 2015 was KZT 886.25 mln (-18.72 %), and was reduced by KZT 204.10 mln versus 2014. The percentage of the above income in total income amount in the Central

Securities Depository in 2015 made up 81.66 % that was by 8.35 % below than the previous year similar indicator. Decrease of income from depository activities in 2015 is associated with changing tariffs for subaccount keeping and amending the Procedure for cost appraisal of equity securities applied during calculation of the subaccount maintenance tariffs.

Income from separate types of bank operations in 2015 approximately emerged at the same level, and as in the previous year amounted to KZT 1.55 mln (in 2014 – KZT 1.49 mln).

Income of the Central Securities Depository from the activities of codification of financial instruments in 2015 decreased by KZT 0.13 mln (-19.33 %) as compared to 2014. The percentage of the above income in total income amount in the Central Securities Depository in 2015 was 0.05 %, whereas in 2014 – 0.06 %. The decrease occurs due to the

reduction of the received applications for CFI code allotment to securities.

Other operational income of the Central Securities Depository includes the activities of maintaining of the Securities Holders Register System of the Integrated Securities Registrar, income from the activity of rendering services of paying agent, incomes from fees for use and supporting software. The above income was increased in 2015 as compared to 2014 by KZT 3.21 mln (+71.40 %), in general, due to expansion of the client number, and therefore, the increase of scope

of services rendered in the framework of paying agent operations. The percentage of the other operation income in total income amount of the Central Securities Depository in 2015 was 0.71 %, whereas in 2014 – 0.37 %.

Other income of the Central Securities Depository in 2015 was increased by KZT 74.87 mln (+65.49 %) as compared to 2014. The percentage of the above income increased from 9.44 % in 2014 to 17.43 % in 2015. Other income reflected income received as a result of investment of own assets of the Central Securities Depository, as well as other income associated with change of foreign currency rates and imposing of fines (penalties) on economic activities. In 2015 as compared to 2014, the incomes from

investment of own assets increased by KZT 42.25 mln (+46.87 %) in connection with increasing of size and diversification of investment portfolio of the Central Securities Depository. Moreover, in 2015, as compared to 2014, the incomes link to foreign currency fluctuations, and income share of RTRS LLP Associated Company (KZT 1.27 mln) was stated.

E x p e n s e s

Total amount of expenses of the Central Securities Depository for 2015 was KZT 833.00 mln that is over by KZT 83.72 mln (+11.17 %) than similar indicator of 2014 (Fig. 2).

In 2015 structure of expenses of the Central Securities Depository main percentage was for staff and remuneration payment to officers, which was increased by KZT 102.07 mln (+25.59 %) in 2015 as compared to 2014 due to 2015 year result bonus payment. The percentage of specified expenses in 2015 was 60.13 % (in 2014 – 53.23 %).

Expenses of payment of services of accounting organizations in 2015 were decreased by KZT 48.84 mln (-43.61 %). Decreasing of expenses of service payment of accounting organizations is associated with decreasing of securities transactions issued in accordance with foreign states legislation. Percentage of these expenses in total amount expenses of the Central Securities Depository decreased from 14.95 % in 2014 to 7.58 % in 2015.

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Other operational expenses of the Central Securities Depository in 2015 increased by KZT 30.51 mln (+12.86 %), mainly, due to increase of the cost of premise rent, telecommunication services, software support services. Percentage of these expenses increased from 31.65 % in 2014 to 32.14 % in 2015.

Other expenses of the Central Securities Depository in 2015 remained approximately at the same level that in 2014, and made up KZT 1.29. Percentage of other expenses in total expense amount of the Central Securities Depository was 0.15 % (in 2014 – 0.17 %). In 2015 the group expenses reflect expenses of broker services.

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DEPOSITORY ACTIVITIES

C l i e n t s

In accordance with the Law of the Republic of Kazakhstan On Securities Market the participants of the Central Securities Depository shall be the organizations being clients of the Central Securities Depository.

In accordance with the Code of Rules of the Central Securities Depository shall enter into Depository

servicing agreements, and thereby shall open personal accounts for the following legal entities:

1) professional participants of the securities market of the Republic of Kazakhstan, who are nominal holders of securities (custodians or brokers retaining the right to maintain client accounts as a nominal holder);

2) organizations performing dealer activities only at the securities market based on the license of the authorized agency or in line with the Law of the Republic of Kazakhstan;

3) the National Bank of the Republic of Kazakhstan (if the National Bank does not fall under the effect of Sub-clauses 1) and 2) Clause hereof);

4) foreign depositories; and

5) foreign custodians.

As of January 01, 2016 the number of legal entities signed Depository servicing agreements with the Central Securities Depository was 56, one of which signed the above agreements in 2015. Depository servicing agreements for reporting period have been terminated with three participants. Complete list of the entities, which signed Depository servicing agreements with the Central Securities Depository as of 01 day of a month is posted at official website of the Central Securities Depository on a monthly basis: http://www.kacd.kz/ru/about_KACD/clients.

P e r s o n a l A c c o u n t s a n d S u b a c c o u n t s

56 personal accounts were opened in the Central Securities Depository as of January 01, 2016.

Number of subaccounts opened on the personal accounts of participants in the Central Securities

Depository increased by 4,091 as compared to similar indicator of last year and was 105,572 subaccounts, 56 of which were opened in the name of participants of the Central Securities Depository, and 105,516 were opened in the name of participants’ clients.

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N o m i n a l H o l d i n g

G e n e r a l I n f o r m a t i o n

Total volume of financial instruments in nominal holding as of January 01, 2016 was KZT 21.32 tln that is over by KZT 5.1 tln (31.48 %) than similar indicator of last year. Financial instrument volume increase in nominal holding refer to transition to a fully flexible exchange rate since August 20, 2015.

Volume of government securities in nominal holding as of January 01, 2016 was KZT 4.97 tln or 23.30 % of total volume of financial instruments in nominal holding that is more by 16.24 % than similar indicator of the last year.

Non-government (corporate) securities (excluding state-owned block of shares) in nominal holding as of January 01, 2016 was KZT 6.49 tln or 30.46 % of total volume of financial instruments in nominal holding that is larger by 43.22 % than similar indicator of the last year.

Also, there are state-owned block of shares in nominal

holding. State-owned block of shares are recorded on personal accounts of the participants, who are authorized to organize and maintain recordkeeping of shares in accordance with the legislation of the Republic of Kazakhstan, i.e. nominal holding of shares by these participants, which are owned by the state and state organizations. The participants, in its turn, being professional participants of the securities market, in accordance with the provisions of Law of the Republic of Kazakhstan On Securities Market, shall be obliged to recordkeep the financial instruments on personal accounts in the Central Securities Depository, which were transferred to their nominal holding. As of January 01, 2016 the volume of state-owned block of shares in nominal holding was KZT 9.86 tln or 46.24 %

of financial instrument total volume in nominal holding that is more by 0.56 % than the last year indicator (Fig. 3).

In 2015 average monthly volume of financial instruments in nominal holding was KZT 17.22 tln that is less by KZT 7.39 tln than similar indicator of 2014. On the average, volume of financial instruments in nominal holding monthly increased by KZT 0.31 tln or by 2.71 % (Fig. 4).

As of January 01, 2016 there were in nominal holding:

– ordinary shares including shares of nonresidents, 371 items (decreasing by 16 items as opposed to January 01, 2015);

– preferred shares, 44 items (number of items as compared to January 01, 2015 did not change);

– non-government bonds, 267 items (decreasing by 25 items versus January 01, 2015);

– state treasury bonds, 171 items (reduction by ten items as compared to January 01, 2015);

– short-term notes of the National Bank, four items (number of items as compared to January 01, 2015 did not change);

– non-government bonds issued in accordance with legislation of other states, apart from the Republic of Kazakhstan – 60 items (decreasing by nine items against January 01, 2015);

– equity interest of share investment funds of residents, six items (increasing by one item as compared to January 01, 2015);

– Euronotes of the Ministry of Finance, three items (increasing by one item as compared to January 01, 2015);

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– equity interest of non-resident share investment funds, one item (in nominal holding since October 2015).

In 2015 the Central Securities Depository redeemed the single issue of municipal bonds.

As of January 01, 2016 the Central Securities Depository had accounts of nominal holding in the following accounting organizations:

– The Integrated Securities Registrar;

– Clearstream Banking, A.G., Frankfurt;

– Euroclear Bank S.A./N.V.;

– Central Securities Depository CJSC (the Kyrgyz Republic);

– Non-bank credit organization the National Settlement Depository Closed Joint Stock Company;

– Republican Unitary Enterprise Republican Central Securities Depository (the Republic of Belarus).

Financial instruments in the amount of KZT 16.62 tln were registered on the accounts of nominal holding, which were opened in the name of the Central Securities Depository in accounting organizations as of January 01, 2016.

G o v e r n m e n t S e c u r i t i e s

Volume of government securities in nominal holding as of January 01, 2016 was KZT 4.97 tln that is more by KZT 0.7 tln (16.24 %) than on reporting date of the last year.

Volume of short-term notes of the National Bank as of January 01, 2016 was KZT 0.36 bln that is more by KZT 0.33 tln (1,219.21 %) than similar indicator of 2015.

Volume of Euronotes of the Ministry of Finance as of January 01, 2016 was KZT 0.26 tln that is larger by KZT 0.21 tln (367 %) than simlilar indicator of 2015.

GTO volume as of January 01, 2016 was KZT 4.35 tln that is more by KZT 0.17 tln (4.09 %) than similar indicator of the last year. The most increase of GTO volume was registered on MEUKAM – from KZT 2.27 tln as of January 01, 2015 to KZT 2.67 tln as of January 01, 2016 (Fig. 5).

N o n - G o v e r n m e n t S e c u r i t i e s

Volume of non-government securities (excluding state-owned block of shares) in nominal holding as of January 01, 2016 was KZT 6.49 tln that is over by KZT 1.96 tln (43.22 %) than corresponding indicator of 2015.

Volume of ordinary shares as of January 01, 2016 was KZT 2.51 tln or 38.62 % of the total volume of non-government securities (excluding state-owned block of shares) in nominal holding that is more by KZT 1.34 tln (115.21 %) than corresponding indicator of 2015. Ordinary shares include shares issued in accordance with the state legislations other than the Republic of

Kazakhstan; their volume as of January 01, 2016 was KZT 5.14 bln, and increased by KZT 0.49 bln (10.47 %) versus to similar period of the last year.

As of January 01, 2016 the volume of preferred shares was KZT 0.47 tln or 7.18 % of the total volume of non-government securities (excluding state-owned block of shares) in nominal holding that is greater by KZT 0.4 tln (571.76 %) than corresponding indicator of the last year.

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Volume of the bonds issued in compliance with the legislation of the Republic of Kazakhstan, as of January 01, 2016 was KZT 3.29 tln (50.62 % of the total volume of non-government securities (excluding state-owned block of shares) in nominal holding), that is by over by KZT 0.22 (7.14 %) than respective indicator of 2015.

Volume of the bonds issued in accordance with the legislation of the states other than the Republic of Kazakhstan, as of January 01, 2016 was KZT 0.23 tln or 3.57 % of the total volume of non-government securities (excluding state-owned block of shares) in nominal holding that is over by KZT 0.01 tln (0.55 %) than corresponding indicator of 2014 (Fig. 6).

S t a t e - O w n e d B l o c k o f S h a r e s

Volume of state-owned block of shares in nominal holding as of January 01, 2016 was KZT 9.86 tln that is more by KZT 2.45 tln (33.09 %) than corresponding indicator of 2015. The principal of the state-owned block of shares in nominal holding as of January 01,

2016 was ordinary shares in the amount of KZT 9.859 tln or 99.99 % of the total volume of state-owned block of shares in nominal holding that is more by KZT 2.46 tln (33.35 %) than corresponding indicator of the last year.

Share of preferred shares in the total volume of state-owned block of shares in nominal holding as of January 01, 2016 was KZT 0.06 bln, that is lower by KZT 14.44 bln or 99.58 % than corresponding indicator of the last year.

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S e c u r i t i e s H o l d e r s

Volume of financial instruments owned by resident participants as of January 01, 2016 was KZT 1.72 tln or 8.06 % of the total volume of financial instruments in nominal holding that is less by KZT 0.62 tln (26.62 %) than as of January 01, 2015.

Volume of financial instruments owned by the clients of resident participants as of January 01, 2016 was KZT 18.85 tln or 88.42 % of the total volume of financial instruments in nominal holding that is more by KZT 5.8 tln (44.43 %) of the last year indicator.

Volume of financial instruments owned by clients of nonresident participants as of January 01, 2016 was KZT 0.75 tln or 3.52 % of the total volume of financial instruments in nominal holding that is less by KZT 0.07 tln (8.59 %) than the last year indicator (Fig. 7).

The principal holders of financial instruments by economy sectors are state non-financial organizations. Their share increased by 31.59 % and was 46.90 % of the total volume of financial instruments in nominal holding. Share of nonresidents increased by 8.59 % and was 3.52 %. Share of financial organizations (organizations carrying our separate types of banking

operations, insurance companies, nongovernment pension funds, broker companies, pawnshops, exchange offices, and etc.) increased by 39.71 % and was 31.33 %; share of deposit companies was 7.97 % (Fig. 8). Share of households was significantly increased that is over by KZT 1.39 tln (555.01 %) of corresponding last year indicator and was 7.70 % of total volume of financial instruments in nominal holding.

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R e g i s t e r e d T r a n s a c t i o n s

Total volume of transactions registered by the Central Securities Depository in 2015 was KZT 298.23 tln that was above by KZT 84.94 tln (2.93 %) than similar indicator of 2014.

Total number of transactions registered by the Central Securities Depository in 2015 was 131,389 that was lower by 2,899 transactions (2.16 %) than similar indicator of 2014.

Essential share in the volume of registered transactions falls to the entry and removal of trustee transaction record – KZT 229.92 tln, that greater by

KZT 0.03 tln than similar indicator of 2014. Share of the specified transaction was 77.10 % of the total volume of registered transactions.

Volume of registered repo operations is also essential in 2015, which are carried out by automated method – KZT 46.43 tln that was more by KZT 23.88 tln (105.89 %) than similar indicator of 2014. Share of repo operations which are carried out by automated method in total volume of registered transactions – 15.57 %.

Volume of registered repo transactions which are carried out by direct method was KZT 9.83 tln that is below by KZT 5.97 tln (37.76 %) than similar indicator of 2014. Share of repo operations which are carried out by a "direct" method in total volume registered transactions was 3.30 %.

Volume of distribution operations registered by the Central Securities Depository taking into account distributions registered while lodging of the financial instrument into nominal holding, increased by KZT 1.09 tln (46.84 %) in 2015 and was KZT 3.43 tln. Share of distribution operations in total volume was 1.15 %.

Volume of registered transfer operations was KZT 0.75 tln that is by lower by KZT 16.21 tln (95.60 %) than similar indicator of 2014. Share of transfer operation in total volume of registered transactions was 0.25 %.

Volume of the registered transactions of purchase /sale of financial instruments taking into account the transactions of purchase/sale registered while lodging into/removal from nominal holding increased by KZT 1.36 tln (174.81 %) and was KZT 2.13 tln. Share of the registered transactions of purchase/sale of financial instruments in total volume of registered transactions – 0.72 %.

Volume of operations of lodging of financial instruments into nominal holding and removal of financial instruments from nominal holding, excluding distribution operations and purchase/sale transactions while lodging of financial instruments into nominal holding and removal of financial instruments from nominal holding increased by KZT 3.40 tln (366.43 %) and was KZT 4.33 tln.

Volume of registered transactions of pledge of rights and burden of financial instruments increased by KZT 0.01 tln (57.04 %) and was KZT 0.04 tln.

In 2015 the volume of registered redemption transactions increased by KZT 0.82 tln (178.69 %) and was KZT 1.29 tln.

Volume of registered cancellation operations was KZT 0.07 tln or 0.02 % of total volume of registered transactions (Fig. 9).

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P r i m a r y S e c u r i t i e s M a r k e t

In 2015 the volume of registered transactions of distribution of financial instruments taking into account distribution while lodging financial instruments into nominal holding was KZT 3.43 tln that is more by KZT 1.09 tln (46.84 %) than the similar indicator of 2014 including:

– volume of transactions of distribution of government securities – KZT 1.55 tln of which the volume of transactions of distribution of short-term notes of the National Bank was KZT 1.13 tln, GTO – KZT 0.42 tln;

– volume of transactions of distribution of non-government securities – KZT 0.97 tln;

– volume of transactions of distribution of state-owned block of shares – KZT 0.91 tln.

In total volume of distribution the share of distribution of government securities was 45.05 % that is greater by 6.16 % than similar indicator of the last year. Share of distribution of non-government securities increased by 7.61 % and was 28.26 % of the total volume of distribution. Share of distribution of state-owned block of shares decreased by 13.77 % and was 26.69 % of the total volume of distribution (Fig. 10).

In total volume of distribution of government securities the most share – 72.86 % – was the volume of distribution of short-term securities, the share of distribution of long-term and medium-term securities was 27.13 % and 0.01 % respectively. Herewith, the volume of distribution of short-term securities increased by KZT 1.04 tln (1,260.52 %) and was KZT 1.13 tln, the volume of distribution of medium-term securities decreased by KZT 0.07 tln (99.86 %) and was KZT 0.10 bln, and the volume of distribution of long-term securities decreased by 0.33 tln (44.36 %) and was KZT 0.42 tln.

In total volume of distribution of non-government securities the most share – 97.17 % – falls to bonds; the share of distribution of ordinary shares was 2.83 %. Thereat, the volume of distribution of bonds increased by KZT 0.53 tln (128 %) and was KZT 0.94 tln, the volume of distribution of ordinary shares decreased by KZT 0.04 tln (57 %) and was KZT 0.03 tln. No distribution of preferred shares was registered in 2015.

In 2015 the volume of registered transactions of distribution of state-owned block of shares was KZT 0.92 tln that is less by KZT 0.03 tln (3.13 %) than the last year indicator. The share of distribution of ordinary and preferred state-owned block of shares was 92.91 % and 7.09 accordingly.

Number of transactions of distribution registered by the Central Securities Depository in 2015 was 499, that is lower by 42,828 (98.85 %) than similar indicator of 2014.

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S e c o n d a r y S e c u r i t i e s M a r k e t

G e n e r a l I n f o r m a t i o n

Volume of transactions with financial instruments made in the secondary market and registered by the Central Securities Depository (purchase/sale transactions including purchase/sale transactions registered while lodging of financial instruments into nominal holding and removal financial instruments from nominal holding, the direct repo and automated repo operations), in 2015 was KZT 58.40 tln, that is more by KZT 19.27 tln (49.25 %) than similar indicator of the last year.

Number of transactions registered in the secondary market with financial instruments in 2015 increased by 41,567 as compared to 2014 and was 122,435 transactions. Average volume of one transaction registered in the secondary market was KZT 476.98 mln and decreased by KZT 6.88 mln versus 2014 (Fig. 11).

Share of government securities transactions registered in the secondary market in 2015 increased by 107.62 % as compared to the previous year and was 79.25 % of the total volume of transactions registered in the secondary market. Share of non-government securities transactions registered in the secondary market (excluding state-owned block of shares) decreased by 27.06 % in comparison with the previous year and was 20.73 % of the total volume of transactions registered in the secondary market. Share of transactions with state-owned block of shares registered in the secondary market decreased by 94.27 % as compared to the previous and was 0.02 % of the total volume of transactions registered in the secondary market.

Volume of government securities transactions registered in the secondary market in 2015 was KZT

46.28 tln that is over by KZT 23.99 tln than similar indicator of the last year.

Volume of non-government securities transactions registered in the secondary market in 2015 (excluding state-owned block of shares) was KZT 12.11 tln that is below by KZT 4.49 tln than the similar indicator of the last year.

Volume of state-owned block of shares transactions registered in the secondary market in 2015 was KZT 13.68 bln that is lower by KZT 225.19 bln than similar indicator of the last year.

Share of transactions registered in over-the-counter (OTC) secondary market in 2015 was 18.40 % of the total volume of transactions registered in the secondary market that is less by 22.85 % than similar indicator of the last year. Share of transactions registered on regulated secondary securities market increased and was 81.60 % of the total volume of transactions registered in the secondary market (Fig. 12).

Volume of transactions registered in OTC secondary securities market was KZT 10.75 tln that below by KZT 5.39 tln than similar indicator of the last year. Volume of transactions registered in 2015 in regulated secondary securities market was KZT 47.65 tln that is more by KZT 24.66 tln than similar indicator of the last year.

Volume of automated repo transactions registered in 2015 was KZT 46.43 tln. At the same time, their share increased by 21.87 % and was 79.50 % of the total volume of transactions registered in the secondary market.

Volume of direct repo transactions registered in 2015 in OTC secondary market decreased by KZT 5.97 tln (37.82 %) and was KZT 9.82 tln. Share of the above mentioned transactions registered in the secondary

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market decreased from 40.37 to 16.82 % as compared to 2014.

Volume of direct repo transactions registered in 2015 in the regulated secondary market increased by KZT 8.14 bln (212.79 %) and was KZT 11.96 bln versus 2014.

Volume of financial instrument purchase and sale transactions in regulated exchange market increased by KZT 0.78 tln (178.26 %) and was 1.21 tln. Share of the above mentioned transactions in the total volume of the transactions registered in the secondary market increased by 0.96 % and was 2.08 %.

Share of financial instrument purchase and sale

transactions registered in 2015 in OTC secondary market was minor as in the previous years and was 1.58 % of total volume of the transactions registered at the secondary market or KZT 0.92 tln.

G o v e r n m e n t S e c u r i t i e s

68,771 transactions with government securities were concluded at the secondary market in 2015 for the total amount of KZT 46.28 tln. Volume of transactions with government securities was increased by KZT 23.99 tln, as compared to 2014, whereas a number of registered transactions was increased by 18,555 transactions (Fig. 13).

Volumes of the registered transactions on MEUKAM, MEOKAM and Euronotes of the Ministry of Finance were the most considerable and made up KZT 28.20 tln, KZT 10.94 tln and KZT 6.17 tln respectively, whereas their share of total volume of government securities transactions registered in the secondary market was 60.93, 23.63, and 13.34 % respectively.

In 2015 the main volume of government securities transactions registered in the secondary market was the transactions concluded in the regulated exchange market, – KZT 46.27 tln or 99.99 % of the total volume of government securities transactions registered in the secondary market. Volume of government securities transactions registered in OTC

market was KZT 3.27 bln or 0.01 % of the total volume of government securities transactions registered in secondary market.

N o n - G o v e r n m e n t S e c u r i t i e s

53,654 transactions with non-government securities (excluding state-owned block of shares) were concluded in the secondary market in 2015 total to KZT 12.11 tln. Decrease of volume of non-government securities transactions (excluding state-owned block of shares), concluded in the secondary market, versus 2014 was KZT 4.49 tln (27.06 %), whereas increase of a number of non-government securities transactions was 23,040 transactions (74.66 %).

Volume of ordinary shares registered in the secondary market in 2015 was KZT 1.01 tln or 8.35 % of the total volume of non-government securities transactions (excluding state-owned block of shares) registered in the secondary market, the preferred shares transactions – KZT 0.03 tln or 0.23 %, the bond transactions – KZT 11.07 tln or 91.42 %.

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The main volume of non-government securities transactions (excluding state-owned block of shares) in 2015 was transactions concluded in OTC market – KZT 10.73 tln or 88.62 % of the total volume of non-government securities transactions (excluding state-owned block of shares) concluded in the secondary market. Volume of non-government securities transactions (excluding state-owned block of shares), concluded in the regulated exchange market was KZT 1.38 tln or 11.38 % of the total volume of non-

government securities transactions (excluding state-owned block of shares) concluded in the secondary market (Fig. 14).

S t a t e - O w n e d B l o c k o f S h a r e s

Ten transactions with state-owned block of shares were concluded for total amount of KZT 13.68 bln in 2015.

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F i n a n c i a l I n s t r u m e n t s ’ P l e d g e o f R i g h t a n d B u r d e n

As compared to 2014 the volume of operations of pledge of rights and burdens of financial instruments increased by KZT 13.31 bln (57.04 %) and was KZT 36.65 bln.

Whole volume of operations of pledge of rights and burden (incurring, termination and non-fulfillment) in

2015 was registered on the government and non-government securities and was KZT 1.48 and 35.17 bln respectively. The operations of pledge of rights and burdens for state-owned block of shares were not registered in 2015.

L o d g i n g o f F i n a n c i a l I n s t r u m e n t s i n t o N o m i n a l H o l d i n g

Total volume of the lodging of financial instruments into nominal holding registered by the Central Securities Depository in 2015 was KZT 3.39 tln that is more by KZT 1.84 tln (118.49 %) than in 2014.

Total number of operations of the lodging of financial instruments into nominal holding registered by the Central Securities Depository was 1,406 that is less by 368 (0.21 %) operations versus 2014 (Fig. 15).

Volume of operations of the lodging state-owned block of shares into nominal holding was KZT 0.92 tln that is lower by KZT 0.04 tln (4.54 %) than similar indicator of 2014 and was 27.23 % of total volume of operations of lodging of financial instruments into nominal holding.

Volume of operations of the lodging of non-government securities (excluding state-owned block of shares) into nominal holding was fixed at the level KZT 2.34 tln that is over by KZT 1.81 tln (338.29 %) than similar indicator of 2014 and was 69.11 % of total volume of operations of lodging of financial instruments into nominal holding.

Main volume of operations of the lodging of non-government securities (excluding state-owned block of shares) into nominal holding was formed due to

lodging of bonds into nominal holding in the amount of KZT 2.28 tln that is more by KZT 1.86 tln (438.10 %) than similar indicator of the last year, and was 97.34 % of total volume of operations of lodging of financial instruments into nominal holding. Volume of operations of the lodging of ordinary shares into nominal holding was KZT 0.06 tln that was lower by 0.05 tln 44.49 %) and was 2.56 % of total volume of operations of lodging of non-government securities into nominal holding. Volume of operations of the lodging of preferred shares into nominal holding was KZT 0.21 bln that is lower by KZT 1.27 bln (85.89 %) than similar indicator of the last year, and was 0.01 % of total volume of operations of the lodging of non-government securities into nominal holding (Fig. 16).

Twenty four (24) transactions of the lodging of non-government securities and two (2) transaction of the lodging of government securities into nominal holding with simultaneous transfer of money (on the principle of delivery against payment) in the total amount of KZT 17.87 bln were registered in 2015.

Seventy five (75) operations of the lodging of government securities (Euronotes of the Ministry of Finance) into nominal holding for the total amount KZT 0.12 tln were registered in 2015.

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R e m o v a l o f F i n a n c i a l I n s t r u m e n t s f r o m N o m i n a l H o l d i n g

Total volume of operations of the removal of financial instruments from nominal holding registered by the Central Securities Depository was KZT 2.03 tln in 2015 that is more by KZT 1.34 tln (191.60 %) as compared to 2014.

Total number of removal of financial instruments from nominal holding registered by the Central Securities Depository in 2015 made up 531 that is more by 40 (8.15 %) transactions as compared to 2014 (Fig. 17).

Volume of operations of the removal of state-owned block of shares from nominal holding was KZT 0.05 tln that is lower by KZT 0.19 tln (78.98 %) than similar indicator of 2014 and was 2.47 % of total volume of

transactions of the removal of financial instruments from nominal holding.

Volume of removal of non-government securities (excluding state-owned block of shares) from nominal holding was KZT 1.96 tln that exceeds by KZT 1.51 tln (329.11 %) than similar indicator of 2014 and was 96.56 % of total volume of operations of the removal of financial instruments from nominal holding (Fig. 18).

Nine transactions of the removal of non-government securities from nominal holding with simultaneous transfer of money (on the principle of delivery against payment) for the total amount of KZT 5.32 bln were registered in 2015.

F i n a n c i a l I n s t r u m e n t s N e t T r a n s a c t i o n s

T+2 cycle settlements, partial collateral, clearing and proper risk management system have been implemented on stock market since July 29, 2015. 792 net transactions in the total amount of financial

instruments of 1,488,038 pieces had been registered since the moment of implementation through December 31, 2015.

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C o r p o r a t e A c t i o n s

The Central Securities Depository is one of professional participants of securities market, being intermediaries between the issuer and securities holders thereto, while carrying out of corporate actions by an issuer.

Participation of the Central Securities Depository in the corporate actions of the issuers of non-government securities issued in accordance with the Legislation of the Republic of Kazakhstan consists in providing of the lists of securities holders to the Integrated Securities Registrar. Thus, in 2015 the Central Securities Depository formed 8,887 lists of securities holders that

are more by 38 lists than similar indicator of the last year.

In execution of the functions of paying agent for income payment on non-government securities issued in accordance with the Legislation of the Republic of Kazakhstan, the Central Securities Depository made payment of dividends totals to KZT 13,496 bln in 2015.

When effecting payment of incomes on financial instruments by the issuers, which were issued in line

with the Laws of the states other than the Republic of Kazakhstan, the Central Securities Depository transferred money to financial instruments holders in 2015 as follows:

– interest in the amount of USD 59.73 mln, EUR 0.16 mln, RUB 11.34 mln, CHF 9,342.00, MYR 34,555.07, KZT 783.18 mln;

– dividends in the amount of USD 0.15 mln, RUB 57,530.90, GBP 1,776.39;

– redemption of financial instruments in the amount of USD 146.17 mln.

While paying interest and making redemption of government securities by the issuers the Central Securities Depository transferred proceeds total to KZT 1,320.25 bln in 2015 that is above by 130.92 % than the last year.

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EXERCISE OF CERTAIN TYPES OF BANKING OPERATIONS

As of January 01, 2016 the Central Securities Depository opened 58 current accounts including: 29 personal current accounts of participants, and 29 current accounts of participants’ clients, as well as 59 correspondent accounts including: 30 correspondent personal accounts of participants, and 29 correspondent accounts for personal accounts of participants’ clients.

As of January 01, 2016 banking account balance in the national currency was KZT 4.90 bln, including KZT 0.69 bln on personal banking accounts of participants

and KZT 4.21 bln on banking accounts of participants’ clients.

As of January 01, 2016 balance on participants’ banking accounts in foreign currency was:

– in USD: 17.40 mln, including 6.12 mln on personal banking accounts and 11.28 mln on client banking accounts;

– in EUR: 4,882.50 on personal banking accounts;

– in GBP: 12,574.80, including 5,969.54 on personal banking accounts and 6,605.26 on client banking accounts;

– in RUB: 2.68 mln, including 2.45 mln on personal banking accounts and 0.23 mln on client banking accounts;

– in MYR: 0.10 mln on personal banking accounts;

– in CHF: 9,342.00 on personal banking accounts.

In 2015 average monthly balance of banking accounts in the national currency was KZT 6.14 bln including: KZT 1.03 bln on personal banking accounts and KZT 5.11 bln on client banking accounts.

Average monthly balance on banking accounts in foreign currency in 2015 was:

– in USD: 19.29 mln, including 8.34 mln on personal banking accounts and 10.95 mln on client banking accounts;

– in EUR: 3,779.34, including 3,692.84 on personal banking accounts and 86.50 on client banking accounts;

– in GBP: 11,890.77, including 5,440.37 on personal banking accounts and 6,450.40 on client banking accounts;

– in RUB: 2.08 mln, including 2.00 mln on personal banking accounts and 0.08 mln on client banking accounts;

– in MYR: 92,526.58 on personal banking accounts;

– in CHF: 5,449.50 on personal banking accounts.

In 2015 the Central Securities Depository effected 352,680 money transfers for the total amount KZT 124.82 tln (Fig. 19), including 350,251 money transfers in the national currency for the total amount

of KZT 124,48 tln and in foreign currency 2,429 money transfers for the total amount of KZT 0.34 tln.

In 2015 the Central Securities Depository processed 153,467 money transfers in the national currency on client current positions opened in ISMT for the total

amount KZT 116.46 tln. A share of transfer amount made by the Central Securities Depository is 1.14 % of the total money transfer amount performed in ISMT, whereas the share of transfer volume exercised by the Central Securities Depository is 51.43 % of the total money transfer amount performed in ISMT.

In 2015 money transfer amount in the national currency on the participants’ banking accounts in the Central Securities Depository was 196,784 for the total amount KZT 8.02 tln.

In 2015 the Central Securities Depository conducted 2,138 money transfers for the total amount of USD 1.00 bln, 140 transfers for the total amount of GBP 61.63 k, 77 transfers for the total amount of EUR 0.84 mln, 66 transfers for the total amount of RUB 87.14 mln, 4 transfers for the total amount MYR 69.12 k and 4 transfers for the total amount CHF 18.68 k.

As compared to 2014 the volume of money transfers in the national currency increased by KZT 41.51 tln (50.04 %), whereas in foreign currency by 0.22 tln (186.43 %).

When registering transactions with financial instruments concluded in the primary and secondary markets during reporting period the Central Securities Depository fulfilled 215,438 transfers in the national equal to the amount of KZT 116.65 tln that is more by 37.56 tln than the similar indicator of 2014. Moreover, in 2015 the Central Securities Depository effected 57 transfers in the course of registration of financial instruments transactions in USD for the total amount of USD 129.53 mln and 2 cash transfers in the course

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of registration of financial instruments transactions in RUB in the amount of RUB 33.36 mln.

In 2015 the Central Securities Depository effected 1,567 transfers in the national currency when paying the interest on financial instruments for the total amount KZT 262.45 bln. Besides, in 2015 the Central Securities Depository made 969 money transfers when paying the interest on financial instruments in foreign currency including 946 money transfers for the total amount of USD 59.73 mln, 4 money transfers for the total amount of EUR 0.16 mln, 15 money transfers for the total amount RUB 11.34 mln, 2 money transfers for the total amount MYR 34,555.07, and 2 bank transfers for the total amount of CHF 9,342.00.

As compared to 2014 the volume of money transfers in the national currency in paying of the interest on financial instruments in 2015 increased by KZT 41.30 bln (18.67 %), the volume of money transfers in paying of the interest on financial instruments in USD

increased by 0.13 mln (28.79 %), in RUB decreased by 12.90 mln (53.20 %).

In 2015 the Central Securities Depository processed 110,631 money transfers when paying of dividends in KZT for the total amount KZT13.50 bln. In addition, the Central Securities Depository conducted 409 money transfers when paying dividends in foreign currency including 403 money transfers for the total amount of USD 0.15 mln, 1 money transfer for the total amount of GBP 1.78 k, 5 money transfers for the total amount of RUB 57.53 k.

In redemption of financial instruments the Central Securities Depository in 2015 effected 199 cash transfers in the national currency for the total amount of KZT 1.06 tln that is over by 686.54 bln (184.40 %) than in 2014. In redemption of financial instruments the Central Securities Depository in 2015 effected 43 bank transfers in foreign currency for the total amount USD 146.17 mln.

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ALLOCATION OF THE INTERNATIONAL IDENTIFICATION NUMBERS TO

SECURITIES AND OTHER FINANCIAL INSTRUMENTS

On November 01, 2010 the Central Securities Depository, being a National Numbering Agency of the Republic of Kazakhstan, proceeded with the activities on allocation of the international identification numbers to securities and other financial instruments on the ground of the Partnership Agreement with ANNA No. 5 dated November 06, 2009.

In conformance with the decision of the ANNA Extraordinary General Meeting, held on December 09, 2011, the Central Securities Depository shall be a full-fledged member of ANNA.

By the decision of ANNA Board of Directors (Meeting of July 21–22, 2011), the functions of the Subsitute Numbering Agency of the Republic of Kazakhstan were transferred from WM Datenservice (legal entity in the Federal Republic of Germany) to Non-Bank Credit Organization National Settlement Depository CJSC (Russian Federation) in accordance with the application of the Central Securities Depository.

During the period of January 01 through December 31, 2015 the Central Securities depository had allocated 75 ISIN codes, 74 CFI codes and had cancelled 66 ISIN codes.

As of January 01, 2016 the total number of effective ISIN codes, allocated to the financial instruments, issued in accordance with the Law of the Republic of Kazakhstan was 633, including 97 codes allocated by WM Datenservice agency until November 01, 2010. (Full list of ISIN codes allocated by the Central Securities Depository as of the first day of month is published on a monthly basis on the official website of the Central Securities Depository at the following address: http://www.kacd.kz/ru/stats/ISIN_CFI_database/).

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MAINTENANCE OF THE SECURITIES HOLDERS REGISTER SYSTEM

OF THE INTEGRATED SECURITIES REGISTRAR

On February 02, 2012 the Central Securities Depository proceeded with maintaining the Securities Holders Register System of the Integrated Securities Registrar in accordance with the Law of the Republic of Kazakhstan, Code of Rules of the Central Securities Depository, and on the ground of the Contract for maintaining the register system No. 1/14-RD dated January 01, 2014.

As of January 01, 2016 four personal accounts and four purchase/sale securities transactions in connection with their initial distribution were opened in the Securities Holders Register System of the Integrated Securities Registrar.

During the period of January 01 through December 31, 2015 none transaction had been registered in the Securities Holders Register System of the Integrated Securities Registrar.

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ALLOCATION OF IDENTIFICATION

NUMBERS TO THE RIGHTS OF DEMAND

On January 27, 2014 in accordance with the Law of the Republic of Kazakhstan, Code of Rules of the Central Securities Depository, the Central Securities Depository initiated activity on the allocation of identification numbers to the rights of demand (IDR code) on the issuers’ commitments on emission securities the maturity of which was expired, and

redemption obligations on which were not fulfilled (hereinafter – the rights of demand).

During the period of January 01 through December 31, 2015 the Central Securities Depository had allocated four IDR codes to the rights of demand, and had cancelled 13 IDR codes due to fulfillment of obligations by issuers hereunder.

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GENERATION AND MAINTENANCE

OF THE DERIVATIVE TRANSCACTION REGISTER SYSTEM

On July 08, 2014 the Central Securities Depository proceeded with the activities on generation and maintenance of the Derivative Transaction Register System as consistent with the Law of the Republic of Kazakhstan and Code of Rules of the Central Securities Depository.

This type of activity involves information receiving, entering, and safekeeping provided by second-tier banks, and companies undertaking broker and (or) dealer operations, and organizations running portfolio management activities (hereinafter – Informing

Persons), derivative instruments transactions effected in the regulated exchange and OTC markets.

11,103 e-messages had been accepted and processed from January 01 to December 31, 2015 of the Informing Persons including:

– 310 had been rejected due to the late submission, format inconsistency or recurring erroneous submission;

– 10,793 had been processed.

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FACTUAL MATERIAL

S h a r e s a n d S h a r e h o l d e r s

Table 1

List of Shareholders of the Central Securities Depository as of January 01, 2016

Pos. No.

Name of CSD Shareholder Number of shares

Share in total number of shares distributed

(%)

1 The National Bank 149 54.98154982

2 KASE JSC 94 34.68634686

3 QAZAQ BANKI JSC 2 0.73800738

4 Bank CenterCredit JSC 2 0.73800738

5 Subsidiary Bank KAZAKHSTAN-ZIRAAT INTERNATIONAL BANK JSC

2 0.73800738

6 Kazkommerts Securities JSC (Subsidiary of Kazkommertsbank JSC)

2 0.73800738

7 Kazkommertsbank JSC 3 1.10701107

8 Halyk Saving Bank of Kazakhstan JSC 2 0.73800738

9 Central Securities Depository JSC 2 0.73800738

10 AsiaCredit Bank JSC 1 0.36900369

11 Homebroker JSC 1 0.36900369

12 Kaspi Bank JSC 1 0.36900369

13 Visor Capital JSC 1 0.36900369

14 Almaty Investment Management JSC 1 0.36900369

15 ATF Bank JSC 1 0.36900369

16 Subsidiary Bank Alfa Bank JSC 1 0.36900369

17 Subsidiary of BTA Bank JSC – BTA Securities 1 0.36900369

18 Centras Securities JSC 1 0.36900369

19 ForteBank JSC 1 0.36900369

20 Eximbank JSC 1 0.36900369

21 Subsidiary Bank Sberbank of Russia JSC 1 0.36900369

22 Subsidiary Bank RBS JSC (Kazakhstan) 1 0.36900369

TOTAL 271 100.00

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E q u i t y C a p i t a l

Number of the issued ordinary shares of the Central Securities Depository was 300 pieces, including 271 pieces placed for the total amount of KZT 54,200,000 as of January 01, 2015.

The first issue of shares in the amount of 29 pieces was registered by the decision of the National Securities Commission of the Republic of Kazakhstan (Certificate on State Registration of Securities No. 02-2-15/3107 dated August 12, 1997, NIN KZ1С04620414).

The second issue of shares in the amount of 11 pieces was registered by the decision of the National Securities Commission of the Republic of Kazakhstan

(Certificate on State Registration of Securities No. 02-2-4/2158 dated March 31, 2000, NIN KZ1С04620414).

The third issue of shares in the amount of 50 pieces was registered by the decision of the National Bank (Certificate on State Registration of Securities No. А0462-2 dated June 12, 2002, NIN KZ1С04620015).

The fourth issue of shares in the amount of 210 pieces was registered by the Agency of the Republic of Kazakhstan on regulation and supervision of financial market and financial organizations (The Certificate on State Registration of Securities No. А0462 dated March 23, 2005, NIN KZ1С04620015).

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C l i e n t s

Table 2

List of Clients as of January 01, 2016

Pos. No.

Title

1 The National Bank

2 Halyk Saving Bank of Kazakhstan JSC

3 CenterCreditBank JSC

4 Kaspi Bank JSC

5 Kazpost JSC

6 Kazkommertsbank JSC

7 Tzesna JSC

8 AsiaCredit Bank JSC

9 BankPositive Kazakhstan JSC (Subsidiary Bank of Apoalim B.M. Bank)

10 Subsidiary Bank KAZAKHSTAN-ZIRAAT INTERNATIONAL BANK JSC

11 Subsidiary Bank Sberbank of Russia JSC

12 Subsidiary Bank RBS JSC (Kazakhstan)

13 Eximbank JSC

14 Alfa Bank JSC

15 Eurasian Bank JSC

16 ATFBank JSC

17 Citybank Kazakhstan JSC

18 Altyn Bank JSC (Subsidiary Bank of Halyk Bank of Kazakhstan)

19 CAIFC INVESTMENT GROUP JSC

20 Kazkommerts Securities JSC (Subsidiary of Kazkommertsbank JSC)

21 ZIM Capital JSC

22 BСC Invest JSC – Susidiary of BankCenterCredit JSC

23 Information-and-Registration Center JSC

24 Investment Financial House RESMI JSC

25 Subsidiary of BTA Bank JSC – BTA Securities JSC

26 Eurasian Capital JSC

27 Central Securities Depository CJSC

28 Nurbank JSC

29 ForteBank JSC

30 Subsidiary of Nurbank JSC MONEY EXPERTS JSC

31 Centras Securities JSC

32 Kazakhstan Development Bank JSC

33 Subsidiary of Halyk Bank of Kazakhstan JSC – Halyk Finance

34 Tzesna Capital JSC

35 ROSBANK PJSC

36 Non-Bank Credit Organization National Settlement Securities Depository CJSC

37 House Construction Savings Bank of Kazakhstan JSC

38 VISOR Capital JSC

39 Management Company ORDA Capital JSC

40 ASYL INVEST JSC

41 Freedom Finance JSC

42 Alibi Securities JSC

43 Kazinvestbank JSC

44 VTB Bank PJSC

45 Delta Bank JSC

46 Brokerage Company Astana Finance JSC (restricted functions)

47 Central Securities Depository of Armenia OJSC

2015 ANNUAL REPORT

KACD | 34

List of Clients as of January 01, 2016

Pos. No.

Title

48 FALCONRY CAPITAL JSC

49 Private Asset Management JSC

50 Raiffeisenbank JSC

51 Qazaq Banki JSC

52 SkyBridge Invest JSC

53 SEB Bank PJSC

54 Investment House Astana Invest JSC

55 Saint-Petersburg Settlement and Depository Center JSC

56 Bank RBK JSC

2015 ANNUAL REPORT

KACD | 35

I n c o m e a n d E x p e n s e s

Table 3

2014–2015 Income Structure of the Central Securities Depository

KZT mln, unless otherwise specified

Item

2014 2015

amount of income

share of total amount (%)

amount of income

share of total amount (%)

Operational income 1,097.03 90.56 896.06 82.57

income from depository activities 1,090.36 90.01 886.25 81.66

income from separate types of bank operations

1.49 0.12 1.55 0.15

income from the activities on financial instruments coding

0.68 0.06 0.55 0.05

other operational income 4.50 0.37 7.71 0.71

Other income 114.31 9.44 189.18 17.43

income from investment of own assets 90.14 7.44 132.39 12.20

share of income in associated company 0.00 0.00 1.27 0.12

other income and expenses, net 24.17 2.00 55.52 5.11

TOTAL 1,211.34 1,085.24

Table 4

2014–2015 Expenses Structure of the Central Securities Depository

KZT mln, unless otherwise specified

Item

2014 2015

amount of expenses

share of total amount (%)

amount of expenses

share of total amount (%)

Operational expenses 747.97 99.83 831.71 99.85

expenses on staff and payment of

remuneration to executive officers 398.81 53.23 500.88 60.13

expenses on accounting

organization services 112.00 14.95 63.16 7.58

other operational expenses 237.16 31.65 267.67 32.14

Other expenses 1.31 0.17 1.29 0.15

expenses on brokerage services 1.17 0.15 1.29 0.15

share of losses in associated companies 0.14 0.02 0.00 0.00

TOTAL 749.28 833.00

2015 ANNUAL REPORT

KACD | 36

Table 5

2011–2015 Income and Expenses of the Central Securities Depository

KZT mln

Item 2011 2012 2013 2014 2015

Income 902.27 916.46 1,119.13 1,211.34 1,085.24

Expenses 602.25 625.62 650.82 749.28 833.00

Net profit 240.30 233.91 382.03 384.27 216.73

2015 ANNUAL REPORT

KACD | 37

D e p o s i t o r y A c t i v i t i e s

N o m i n a l H o l d i n g

Table 6

2011–2015 Volume of Financial Instruments in Nominal Holding

KZT bln, unless otherwise specified

year

GS NGS SBS

Total

volume

share of total

volume (%)

volume

share of total

volume (%)

volume

share of total

volume (%)

2011 2,607.46 18.24 4,239.28 29.66 7,446.25 52.10 14,292.99

2012 3,098.72 19.40 4,484.95 28.08 8,389.57 52.52 15,973.24

2013 3,633.49 10.32 8,153.13 23.15 23,425.83 66.53 35,212.44

2014 4,273.43 26.35 4,534.77 27.96 7,408.28 45.68 16,216.47

2015 4,967.45 23.30 6,494.80 30.46 9,859.71 46.24 21,321.96

Increment in 2015

694.01 1,960.04 2,451.44 5,105.49

Increment in 2015 (%)

16.24 43.22 33.09 31.48

2015 ANNUAL REPORT

KACD | 38

Table 7

Volume of Financial Instruments in Nominal Holding by Months 2015

KZT bln, unless otherwise specified

Month

GS NGS SBS

Total

volume

share of total

volume (%)

volume

share of total

volume (%)

volume

share of total

volume (%)

January 4, 341.19 24.27 6,143.11 34.35 7,401.65 41.38 17,885.96

February 4,359.44 31.81 6,239.53 45.53 3,106.28 22.66 13,705.25

March 4,407.19 31.82 6,358.11 45.90 3,086.05 22.28 13,851.35

April 4,370.84 30.54 6,834.58 47.75 3,107.90 21.71 14,313.32

May 4,354.48 31.27 6,458.50 46.38 3,111.54 22.35 13,924.51

June 4,355.93 30.83 6,601.45 46.72 3,170.94 22.44 14,128.32

July 4,457.26 31.66 6,441.64 45.75 3,180.48 22.59 14,079.38

August 4,480.31 21.47 6,577.93 31.53 9,805.17 47.00 20,863.40

September 4,627.73 22.69 5,941.17 29.14 9,822.91 48.17 20,391.80

October 4,591.23 21.95 6,481.72 30.99 9,843.06 47.06 20,916.01

November 4,869.00 22.93 6,500.14 30.61 9,865.03 46.46 21,234.17

December 4,967.45 23.30 6,494.80 30.46 9,859.71 46.24 21,321.96

Average volume per year

4,515.17 27.05 6,422.72 38.76 6,280.06 34.20 17,217.95

Average monthly increment

56.93 31.97 223.46 312.36

Average monthly increment (%)

1.25 0.64 13.93 2.71

2015 ANNUAL REPORT

KACD | 39

Table 8

2011–2015 GS Volume in Nominal Hoding

KZT bln

Type of financial instrument 2011 2012 2013 2014 2015

Notes of the National Bank 513.21 187.89 3.60 27.08 357.25

МЕККАМ 96.97 82.40 112.13 1.44 0.00

МЕОКАМ 492.19 589.75 596.93 561.78 400.41

МАОКАМ 9.49 0.00 0.00 0.00 0.00

МЕUКАМ 770.95 1,126.02 1,578.61 2,266.13 2,672.56

МЕUJKAM 658.75 1,046.75 1,300.81 1,335.81 1,274.84

МUIKAM 52.91 52.91 28.41 12.00 0.00

Municipal securities 13.00 13.00 13.00 13.00 0.00

Euronotes of the Ministry of Finance 0.00 0.00 0.00 56.19 262.39

TOTAL 2,607.46 3,098.72 3,633.49 4,273.43 4,967.45

2015 ANNUAL REPORT

KACD | 40

Table 9

2011–2015 NGS Volume (without SBS) in Nominal Holding

KZT, bln

Type of financial instrument 2011 2012 2013 2014 2015

Shares of UIF and other financial instruments

5.63 2.93 2.46 0.70 0.80

Ordinary shares issued in accordance with the legislation of the Republic of Kazakhstan

1,387.49 1,637.18 5,135.86 1,160.98 2,503.47

Ordinary shares issued in accordance with the legislation of the states other than the Republic of Kazakhstan

160.15 140.41 5.02 4.65 5.14

Preferred shares 112.11 102.29 76.98 69.37 466.01

Bonds issued in accordance with the legislation of the Republic of Kazakhstan

2,318.13 2,416.01 2,767.63 3,068.55 3,287.60

Bonds issued in accordance with the legislation of the states other than the Republic of Kazakhstan

255.78 186.13 165.19 230.52 231.79

TOTAL 4,239.28 4,484.95 8,153.13 4,534.77 6,494.80

Table 10

2011–2015 SBS Volume in Nominal Holding

KZT, bln

Type of financial instrument 2011 2012 2013 2014 2015

Ordinary shares 7,399.78 8,370.24 23,406.45 7,393.78 9,859.65

Preferred shares 46.47 19.33 19.37 14.50 0.06

TOTAL 7,446.25 8,389.57 23,425.83 7,408.28 9,859.71

2015 ANNUAL REPORT

KACD | 41

S e c u r i t i e s H o l d e r s

Table 11

2011–2015 Financial Instruments Holders Structure: Participnts and their Clients

KZT, bln

Type of holder 2011 2012 2013 2014 2015

Nonresident participants 0.00 0.00 0.00 0.00 0.00

Resident participants 2,062.50 1,966.22 2,027.86 2,341.84 1,718.50

TOTAL participants 2,062.50 1,966.22 2,027.86 2,341.84 1,718.50

Clients (non-disclosed information hereof)

0.05 0.05 0.05 0.05 0.05

Nonresident clients 1,294.87 1,501.51 4,594.65 821.87 751.23

Resident clients 10,935.57 12,505.46 28,589.88 13,052.71 18,852.17

TOTAL clients 12,230.49 14,007.02 33,184.58 13,874.63 19,603.46

TOTAL (participants + clients) 14,292.99 15,973.24 35,212.44 16,216.47 21,321.96

Table 12

2011–2015 Financial Instruments Holders Structure: by economy sectors

KZT, bln

Economy sector 2011 2012 2013 2014 2015

The Central Bank 473.61 660.24 771.66 1,123.61 364.91

Depository organizations 1,630.33 1,366.44 1,442.30 1,453.79 1,699.62

Financial organizations 2,780.19 3,513.38 4,235.70 4,781.86 6,680.94

State non-financial organizations 7,685.28 8,631.71 23,579.23 7,599.57 10,000.58

Non-state non-financial

organizations 295.77 185.83 180.27 185.04 182.95

Non-commercial organizations, servicing households

27.08 0.00 0.00 0.08 0.20

Households 105.81 114.08 408.57 250.60 1,641.47

Other 0.05 0.05 0.05 0.05 0.05

Nonresidents 1,294.87 1,501.51 4,594.65 821.87 751,23

TOTAL 14,292.99 15,973.24 35,212.44 16,216.47 21,321.96

2015 ANNUAL REPORT

KACD | 42

R e g i s t e r e d T r a n s a c t i o n s

Table 13

2011–2015 Registered Transactions Volume

KZT, bln

Type of transaction 2011 2012 2013 2014 2015

Automated repo operation 24,563.89 22,654.13 23,722.95 22,549.32 46,427.61

Lodging of financial instruments into nominal holding / removal of financial instruments from nominal holding1

387.89 362.16 754.48 929.15 4,333.83

Distribution2 4,558.50 3,328.71 4,262.90 2,337.09 3,431.71

Pledge of rights / burden 40.71 15.52 119.30 23.34 36.65

Purchase/sale3 978.53 682.13 468.01 777.11 2,135.56

Direct repo operation 11,191.86 11,821.12 13,693.61 15,801.83 9,835.33

Transfer 2,227.29 79,038.14 55,277.24 16,961.50 746.39

Redemption 3,753.58 1,503.32 642.67 461.32 1,285.65

Entry/removal of the record on trustee 204.93 86.54 2,071.14 229,885.44 229,923.26

Cancellation 85.46 1,049.32 52.16 5.29 70.23

TOTAL 47,992.63 120,541.09 101,064.45 289,731.39 298, 226.23

1 Regardless of distribution and purchase/sales. 2 With due regard for the lodging into nominal holding (primary distribution) and removal from nominal holding (primary distribution) of

financial instruments. 3 With due regard for the lodging into nominal holding (purchase/sale) and removal from nominal holding (purchase/sale) of financial

instruments.

2015 ANNUAL REPORT

KACD | 43

P r i m a r y S e c u r i t i e s M a r k e t

Table 14

2011–2015 Transaction Volume Registered in the Primary Market

KZT, bln

Type of financial

instrument 2011 2012 2013 2014 2015

GS 3,642.13 1,924.77 1,061.85 908.91 1,546.06

NGC 242.91 238.47 366.34 482.56 969.66

SBS 670.46 1,165.47 2,834.71 945.62 915.99

TOTAL 4,555.50 3,328.71 4,262.90 2,337.09 3,431.71

Table 15

2011–2015 GS Transaction Volume Registered in the Primary Market

KZT, bln

Type of financial instrument 2011 2012 2013 2014 2015

Notes of the National Bank 2,967.80 857.23 79.32 81.41 1,126.50

МЕККАМ 95.42 80.82 109.08 1.38 0.00

МЕОКАМ 134.46 235.13 145.12 72.17 0.10

МЕUКАМ 288.44 359.97 449.86 718.95 419.46

МЕUJКАМ 156.00 391.62 278.48 35.00 0.00

Municipal securities 0.00 0.00 0.00 0.00 0.00

TOTAL 3,642.13 1,924.77 1,061.85 908.91 1,546.06

Table 16

2011–2015 GS Transaction Volume Registered in the Primary Market

KZT, bln

2011 2012 2013 2014 2015

Short-term securities 3,063.22 938.05 188.40 82.80 1,126,50

Medium-term secutities 134.46 235.13 145.12 72.17 0.10

Long-term securities 444.44 751.59 728.34 753.95 419.46

TOTAL 3,642.13 1,924.77 1,061.85 908.91 1,546.06

2015 ANNUAL REPORT

KACD | 44

Table 17

2011–2015 NGS Transaction Volume Registered in the Primary Market

KZT, bln

Type of financial

instrument 2011 2012 2013 2014 2015

Ordinary shares 49.70 57.61 7.34 64.28 27.46

Preferred shares 7.91 11.94 0.41 0.01 0.00

Bonds 185.23 168.91 358.41 413.27 942.20

Other 0.07 0.00 0.18 0.00 0.00

TOTAL 242.91 238.47 366.34 477.56 969.66

Table 18

2011–2015 SBS Transaction Volume Registered in the Primary Market

KZT, bln

Type of financial

instrument 2011 2012 2013 2014 2015

Ordinary shares 670.46 1,165.47 2,834.71 695.62 851.05

Preferred shares 0.00 0.00 0.00 250.00 64.95

TOTAL 670.46 1,165.47 2,834.71 945.62 915.99

2015 ANNUAL REPORT

KACD | 45

S e c o n d a r y S e c u r i t i e s M a r k e t

Table 19

2011–2015 (1) Transactions (Operations) Volume Registered in the Secondary Securities Market

KZT bln, unless otherwise specified

Year

Transactions (operations), registered in the regulated exchange market

Transactions (operations), registered in the OTC market

Subtotal Total

GS NGS SBS GS NGS SBS GS NGS SBS Volume Transactions number (pcs)

2011 24,927.06 499.42 0.00 38.06 11,236.59 33.14 24,965.13 11,736.02 33.14 36,734.28 56,659

2012 22,777.70 461.51 0.16 44.07 11,838.43 35.50 22,821.77 12,299.95 35.66 35,157.38 56,063

2013 23,794.38 350.91 0.00 4.30 13,734.49 0.50 23,798.67 14,085.40 0.50 37,884.57 69,399

2014 22,288.48 700.50 0.00 2.56 15,897.84 238.88 22,291.04 16,598.34 238.88 39,128.26 80,868

2015 46,274.67 1,377.66 0.00 3.27 10,729.22 13.68 46,277.95 12,106.88 13.68 58,398.51 122,435

2015 ANNUAL REPORT

KACD | 46

Table 20

2011–2015 (2) Transactions (Operations) Volume Registered in the Secondary Market

KZT mln, unless otherwise specified

Year Average volume of one

transaction (operation)

Share of transactions (operations),

registered in the regulated exchange market (%)

Share of transactions (operations),

registered in the OTC market (%)

2011 648.34 69.22 30.78

2012 627.10 66.10 33.90

2013 545.90 63.73 36.27

2014 483.85 58.75 41.25

2015 476.98 81.60 18.40

Table 21

2011–2015 (3) Transactions (Operations) Volume Registered in the Secondary Market

KZT bln, unless otherwise specified

Year

Purchase/sale (regulated exchange

market)

Purchase/sale (OTC market)

Direct repo (regulated exchange

market)

Direct repo (OTC market)

Automated repo

volume

share of total volume

of transactions

(%)

volume

share of total volume

of transactions

(%)

volume

share of total

volume of transaction

s (%)

volume

share of total

volume of transactions

(%)

volume

share of total volume of

transactions (%)

2011 853.46 2.32 125.07 0.34 9.13 0.02 11,182.72 30.44 24,563.89 66.87

2012 576.57 1.64 105.57 0.30 8.67 0.02 11,812.45 33.60 22,654.13 64.44

2013 420.07 1.11 47.93 0.13 2.26 0.01 13,691.35 36.14 23,722.95 62.62

2014 435.84 1.11 341.27 0.87 3.82 0.01 15,798.00 40.37 22,549.32 57.63

2015 1,212.76 2.08 922.80 1.58 11.96 0.02 9,823.37 16.82 46,427.61 79.50

2015 ANNUAL REPORT

KACD | 47

Table 22

2015 GS Secondary Market Structure

KZT bln, unless otherwise specified

Type of financial instrument

Transactions (operations), registered in the regulated

exchange market

Transactions (operations), registered in OTC market

Subtotal

Share of total volume of

transactions (%)

Transactions number (pcs)

Volume

share of total volume of

transactions (%)

volume

share of total volume

of transactions

(%)

Notes of the National Bank 721.79 1.56 0.00 0.00 721.79 1.56 554

МЕККАМ 0.00 0.00 0.00 0.00 0.00 0.00 0.00

МЕОКАМ 10,936.79 23.63 0.00 0.00 10,936.79 23.63 15,337

МЕUJКАМ 125.17 0.27 0.00 0.00 125.17 0.27 391

МЕUКАМ 28,196.22 60.93 0.00 0.00 28,196.22 60.93 41,791

МUIКАМ 76.71 0.17 0.00 0.00 76.71 0.17 176

Municipal securities 46.47 0.10 0.00 0.00 46.47 0.10 80

Euronotes of the Ministry of Finance 6,171.52 13.34 3.27 100.00 6,174.80 13.34 10,442

TOTAL 46,274.67 3.27 46,277.95 68,771

2015 ANNUAL REPORT

KACD | 48

Table 23

2011–2015 GS Transactions (Operations) Volume and Amount Registered in the Secondary Market

KZT bln, unless otherwise specified

Year

Transactions (operations), registered in the regulated exchange market

Transactions (operations),

registered in the OTC market Total

Transactions

number (pcs) volume

share of total volume of transactions (%)

volume share of total volume of

transactions (%)

2011 24,927.06 99.85 38.06 0.15 24,965.13 32,116

2012 22,777.70 99.81 44.07 0.19 22,821.77 34,269

2013 23,794.38 99.98 4.30 0.02 23,798.67 41,862

2014 22,288.48 99.99 2.56 0.01 22,291.04 50,216

2015 46,274.67 99.99 3.27 0.01 46,277.95 68,771

2015 ANNUAL REPORT

KACD | 49

Table 24

2015 NGS Secondary Market Structure

KZT bln, unless otherwise specified

Type of financial

instrument

Transactions (operations), registered in the regulated

exchange market

Transactions (operations), registered in the OTC market

Total

Share of total volume

of transactions

(%)

Transactions

number (pcs)

volume

share of total volume of

transactions (%)

volume

share of total volume of

transactions (%)

Ordinary shares 936.45 67.98 74.78 0.70 1,011.23 8.35 47,473

Preferred shares 27.61 2.00 0.49 0.00 28.10 0.23 3,155

Bonds 413.46 30.01 10,653.95 99.30 11,067.41 91.42 2,843

Units 0.14 0.01 0.00 0.00 0.14 0.00 183

TOTAL 1,377.66 10,729.22 12,106.88 53,654

Table 25

2011–2015 NGS Transactions (Operations) Volume and Number Registered in the Secondary Market

KZT bln, unless otherwise specified

Year

Transactions (operations), registered in the regulated exchange market

Transactions (operations),

registered in the OTC market

Total Transactions

number (pcs) Volume

share of total volume of transactions (%)

volume share of total volume of

transactions (%)

2011 499.42 4.26 11,236.59 95.74 11,736.02 24,537

2012 461.51 3.75 11,838.43 96.25 12,299.95 21,785

2013 350.91 2.49 13,734.49 97.51 14,085.40 27,531

2014 700.50 4.22 15,897.84 95.78 16,598.34 30,614

2015 1,377.66 11.38 10,729.22 88.62 12,106.88 53,654

2015 ANNUAL REPORT

KACD | 50

Table 26

2015 SBS Secondary Market Structure

KZT bln, unless otherwise specified

Type of financial instrument

Transactions (operations), registered in the regulated

exchange market

Transactions (operations), registered in the OTC market

volume

Share of total volume

of transactions

(%)

Transactions

number (pcs)

volume

Share of total volume of

transactions (%)

volume

Share of total volume of

transactions (%)

Ordinary shares 0.00 – 12.74 93.14 12.74 93.14 8

Preferred shares 0.00 – 0.94 6.86 0.94 6.86 2

TOTAL 0.00 13.68 13.68 10

Table 27

2011–2015 SBS Transactions (Operations) Volume and Amount Registered in the Secondary Market

KZT bln, unless otherwise specified

Year

Transactions (operations), registered in the regulated exchange market

Transactions (operations),

registered in OTC market

TOTAL Transactions

Number (pcs)

volume share of total volume of

transactions (%) volume

share of total volume of transactions (%)

2011 0.00 0.00 33.14 100.00 33.14 6

2012 0.16 0.44 35.50 99.56 35.66 9

2013 0.00 0.00 0.50 100.00 0.50 4

2014 0.00 0.00 238.88 100.00 238.88 16

2015 0.00 0.00 13.68 100.00 13.68 10

2015 ANNUAL REPORT

KACD | 51

F i n a n c i a l I n s t r u m e n t s ’ P l e d g e o f R i g h t s a n d B u r d e n

Table 28

2015 Pledge of Rights and Burden Operations Structure

KZT bln, unless otherwise specified

Type of financial instrument Volume Share of total volume

of transactions (%)

GS (МЕОКАМ, МЕUКАМ) 1.48 4.05

Ordinary shares 23.85 65.08

Preferred shares 1.00 2.73

Bonds 10.32 28.15

TOTAL 36.65

Table 29

2011–2015 Pledge of Rights and Burden Operations Volume

KZT, bln

Type of financial instrument 2011 2012 2013 2014 2015

GS 0.43 1.03 0.00 6.83 1.48

NGS 40.28 14.49 119.30 16.50 35.17

TOTAL 40.71 15.52 119.30 23.34 36.65

2015 ANNUAL REPORT

KACD | 52

L o d g i n g o f t h e F i n a n c i a l I n s t r u m e n t s i n t o N o m i n a l H o l d i n g

Table 30

2011–2015 Volume of the Operations of Lodging of Financial Instruments into Nominal Holding

KZT, bln

Type of financial instrument 2011 2012 2013 2014 2015

GS 0.00 0.00 0.00 50.26 124.43

NGS 309.42 348.46 281.78 535.00 2,344.84

SBS 673.49 1,166.99 2,835.53 967.69 923.80

TOTAL 982.91 1,515.45 3,117.31 1,552.95 3,393.08

Table 31

2011–2015 Volume of the Operations of NGS Lodging into Nominal Holding

KZT, bln

Type of financial instrument 2011 2012 2013 2014 2015

Ordinary shares 74.82 101.07 12.97 108.01 59.96

Preferred shares 14.02 1.14 0.25 1.47 0.21

Bonds 220.50 246.26 268.38 424.58 2,284.68

Other 0.07 0.00 0.18 0.93 0.00

TOTAL 309.42 348.46 281.78 534.99 2,344.84

2015 ANNUAL REPORT

KACD | 53

R e m o v a l o f t h e F i n a n c i a l I n s t r u m e n t s f r o m N o m i n a l H o l d i n g

Table 32

2011–2015 Volume of the Operations of Removal of Financial Instruments from Nominal Holding

KZT, bln

Type of financial instrument 2011 2012 2013 2014 2015

GS 0.00 0.00 0.00 0.54 19.61

NGS 222.68 67.74 556.99 457.87 1,964.77

SBS 33.32 42.52 0.50 239.35 50.32

TOTAL 255.99 110.26 557.49 697.76 2,034.70

Table 33

2011–2015 Volume of the Operations of NGS Removal from Nominal Holding

KZT, bln

Type of financial instrument 2011 2012 2013 2014 2015

Ordinary shares 31.58 5.19 487.26 308.25 85.88

Preferred shares 15.56 0.81 0.41 2.95 24.91

Bonds 175.54 57.83 68.66 144.90 1,853.97

Other 0.00 3.91 0.66 1.77 0.00

TOTAL 222.68 67.74 556.99 457.87 1,964.77

2015 ANNUAL REPORT

KACD | 54

F u n d s T r a n s f e r

Table 34

2015 Funds Transfer Structure

KZT bln, unless otherwise specified

In the national currecncy In foreign currency TOTAL

number (pcs) volume number (pcs) volume number (pcs) volume

Transactions registration 215,438 116,654.72 59 44.13 215,497 116,698.85

Interest payment 1,567 262.45 969 20.39 2,536 282.84

Dividend payment 110,631 13.50 409 0.05 111,040 13.55

Redemption 199 1,058.86 43 49.62 242 1,108.48

Other 22,416 6,493.27 949 226.89 23,365 6,720.16

TOTAL 350,251 124,482.80 2,429 341.08 352,680 124,823.88

Table 35

2011–2015 Funds Transfer Amount and Volume

KZT bln, unless otherwise specified

Year

In national currecncy In foreign currency TOTAL

number (pcs) volume number (pcs) volume number (pcs) volume

2011 122,362 83,714.18 21,934 101.85 144,296 83,816.03

2012 131,486 74,190.09 4,737 208.76 136,223 74,398.85

2013 186,503 80,259.12 3,305 145.07 189,808 80,404.19

2014 212,402 82,969.05 1,912 119.08 214,314 83,088.13

2015 350,251 124,482.80 2,429 341.08 352,680 124,823.88

2015 ANNUAL REPORT

KACD | 55

A l l o c a t i o n o f I n t e r n a t i o n a l I d e n t i f i c a t i o n N u m b e r s t o S e c u r i t i e s a n d o t h e r F i n a n c i a l I n s t r u m e n t s

Table 36

Types of financial instruments to which ISIN and CFI codes have been allocated, acting as of January 01, 2015 and 2016

Type of financial instrument

Number of ISIN codes allocated by the Central

Securities Depository

Number of CFI codes allocated by the Central Securities

Depository

Number of ISIN codes allocated by WM Datenservice

Agency

Number of CFI codes allocated by WM Datenservice Agency

01.01.15 01.01.16 01.01.15 01.01.16 01.01.15 01.01.16 01.01.15 01.01.16

Government securities issued by the Ministry of Finance

171 165 171 165 8 6 8 6

Government securities issued by the National Bank

4 3 4 3 – – – –

Ordinary shares 75 82 63 70 57 57 56 56

Preferred shares 26 27 17 18 23 22 23 22

Bonds 242 256 236 250 15 7 15 7

Shares of UIF 1 3 1 3 – – – –

Others – – – – 5 5 5 5

TOTAL 519 536 492 509 108 97 107 96