ForteBank JSC (hereinafter referred to as the “Bank”), the executive board (Management Board) located at the address: bldg. 8/1, Dostyk str., Yessil district, Nur-Sultan city, Z05P1P0/010017, Republic of Kazakhstan, hereby notifies its shareholders on Annual General Meeting of shareholders of the Bank (hereinafter the “Meeting”) convened at the initiative of the Board of Directors of the Bank (Minutes of Meeting No. 3 dated February 4, 2021) on the basis of Article 35.1, Article 37.3.3 and Article 41 of the Law of the Republic of Kazakhstan“On Joint Stock Companies” (hereinafter the Law “On Joint Stock Companies”).

The Meeting will be held on **March 29, 2021 at 10.00 a.m.** (Nur-Sultan time), at the following address: Conference Room “Astana”, 8th floor, bldg. 8/1, Dostyk str., Nur-Sultan city.

The participants shall be registered on March 29, 2021 from 09.00 a.m. to 09.45 a.m. (Nur-Sultan time) at the venue of the meeting.
The register of the Bank shareholders eligible to participate at the Meeting will be compiled as at 00.00 a.m. (Nur-Sultan time) on March 15, 2021.

In the absence of a quorum, the adjourned Annual General Meeting of the Bank shareholders will be held on March 30, 2021 at 10.00 a.m. (Nur-Sultan time) at the same address. The participants of the adjourned Annual General Meeting of the Bank shareholders will be registered on March 30, 2021 from 09.00 a.m. to 09.45 a.m. (Nur-Sultan time) at the venue of the meeting.


**Agenda of the Meeting**

1.	On approval of the 2020 annual financial statements of the Bank.
2.	On approval of the procedure for distribution of the Bank’s 2020 net income, the amount of the dividend per common share of the Bank.
3.	On the Report of the Board of Directors of the Bank for the past financial year.
4.	On the appeals of shareholders to the actions of the Bank and its officials, and the results of consideration thereof.
5.	On the amount and composition of remuneration of members of the Board of Directors and the Management Board of the Bank in 2020.
6.	On determining the amount of remuneration of the members of the Board of Directors of the Bank.
7.	On membership and the term of office of the Board of Directors.
8.	On election of a member of the Board of Directors – an independent director of the Bank, the term of office and the level of remuneration thereof.
9.	On defining the membership, term of office and electing the members of the Tally Commission of the Bank.


In accordance with part two of Article 43.4.1 of the Law “On Joint Stock Companies”, the agenda of the meeting may be supplemented by a shareholder owning, independently or together with other shareholders, five or more percent of the voting shares of the Bank, or by the Board of Directors, provided that shareholders of the Bank have been notified of such amendments not later than 15 days prior to the date of the meeting.

Pursuant to Article 44.4 of the Law “On Joint Stock Companies”, the materials on issues of the agenda of the meeting shall have been prepared and available for familiarization of shareholders not later than 10 days prior to the date of the meeting at the location of the Management Board of the Bank.

Upon request of a shareholder of the Bank, the materials on issues of the agenda of the meeting shall be sent thereto within three business days from the day of receipt the request receipt, provided that the costs for making copies of documents and delivery of documents shall be born by the shareholder.
For more information on holding the meeting, please call: +7 (7172) 59 99 99, extension 10200.

We hereby offer the shareholders of the Bank to acquaint themselves with the following procedure for holding the meeting.

In accordance with article 17.5 of the Republic of Kazakhstan Law “On Banks and Banking Activities in the Republic of Kazakhstan”, legal entities incorporated in offshore zones the list whereof is established by the competent authority (see: resolution of the Management Board of the Agency of the Republic of Kazakhstan for regulation and development of financial market dated February 24, 2020, № 8 On establishing a list of offshore zones for the purposes of banking and insurance business, business of the professional participants of stock market and other licensable types of activity on the stock market, business of the joint stock investment funds and business of organizations performing micro-financial activities), shall not be able to directly or indirectly own and (or) use, and (or) dispose the voting shares of the Republic of Kazakhstan resident banks.

According to para.5-1 of said article, “the shareholder participating in the general meeting of shareholders shall submit a statement which indicates the compliance with para.5 of this article by its shareholders (participants), in case the bank has no information on country of residence of such shareholders (participants.A shareholder who has not submitted the above statement is not allowed to participate in the general meeting of shareholders”. 

In this regard, at registration, participants of the Meeting shall submit documents confirming their eligibility to participate at the Meeting and vote on issues considered at the Meeting.

The shareholders (representatives thereof) arrived shall be registered before opening of the meeting. It is required to have an identity document. A representative of the shareholder must submit a power of attorney confirming the authority thereof to participate and vote at the meeting, or a document confirming the eligibility to act on behalf of the shareholder or represent interests thereof without a power of attorney.

A shareholder (representative of a shareholder) arrived to take part in the Meeting held in-person is to be registered.

A shareholder (representative of a shareholder) who has not been registered shall not be counted in determining the quorum and shall not be entitled to vote.
The Meeting opens at the announced time if a quorum is present.

The Meeting shall hold elections of the chairperson and the secretary of the meeting, determine the form of voting – open or secret (by poll).

In accordance with Article 50.1 of the Law “On Joint Stock Companies”, voting on the agenda of the meeting is carried out under the principle of “one share – one vote”, except for the following cases: limitation of the maximum number of votes attached to shares available to one shareholder as per the legislative acts of the Republic of Kazakhstan; the cumulative voting when electing members of the Board of Directors and providing each person eligible to vote at an annual general meeting of shareholders with one vote on the procedural issues of holding the general meeting of shareholders.

In the event of a cumulative vote, all votes attached to shares may be cast by a shareholder in favor of one nominated member of the Board of Directors or divided between several nominated members of the Board of Directors. The nominees received the majority of votes shall be recognized as elected members of the Board of Directors.

The chairperson shall not be entitled to interfere with the speeches of those eligible to participate in the discussion of the agenda issue, except for cases when such speeches result in violation of the rules of the meeting or when the dispute on this issue is over.

The annual general meeting of shareholders shall be entitled to take a decision on suspension of its work and on extension of the period of work, including postponement of consideration of certain issues of the agenda of the general meeting of shareholders to the following day.

The annual general meeting of shareholders may be declared closed only after consideration of all issues of the agenda and adoption of resolutions thereon.
In accordance with Article 52.1 of the Law “On Joint Stock Companies”, the minutes of the general meeting of shareholders shall be drawn up and signed within three business days after the closing of the general meeting of shareholders.

The meeting shall be held in accordance with Articles 35-37, 39-48, 50-52 and 54 of the Law “On Joint Stock Companies”, Articles 17.5 and 17.5-1 of the Law “On Banks and Banking Activities”, and Article 15 of the Bank Charter.

In accordance with the item of the agenda of the Meeting “On election of a member of the Board of Directors – an independent director of the Bank, the term of office and the level of remuneration thereof”, please provide the Bank with the nominated members of the Bank Board of Directors by 6.00 p.m. on March 15, 2021.

We hereby inform that in accordance with Article 44.2 of the Republic of Kazakhstan Law “On Joint Stock Companies” the information on the proposed nominated members of the Board of Directors of the Bank should include the following:

1)	last name, name and, if desired - patronymic;
2)	educational background;
3)	information on affiliation with the Bank;
4)	information on the places of employment and the positions held over the past three years;
5)	other information confirming the qualification and professional experience of the nominee.

A person nominated (recommended) for election as a member of the Board of Directors of the Bank should meet the requirements for the executive officers established by Article 20 of the Republic of Kazakhstan Law “On Banks and Banking Operation in the Republic of Kazakhstan” and Article 54 of the Republic of Kazakhstan Law “On the Securities Market”. A person nominated (recommended) for election as an independent Director, among other things, should meet the requirements of Article 1.20 of the Law “On Joint Stock Companies”.


We are looking forward to welcoming the shareholders of the Bank to participate in the Annual General Meeting of shareholders of the Bank.


On March 29, 2021, the Annual General Meeting of ForteBank JSC shareholders will take place 

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