Almaty 2017 KIC leasing is the first leasing

Almaty 2017

ü KIC leasing is the first leasing Company providing Islamic finance in Kazakhstan ü KIC performs its activities in compliance with laws of Republic of Kazakhstan and under Islamic (Sharia) Principles of which providing transparent and accountable leasing solutions ü Started operation in January 2014 ü First disbursement in May 2014 ü Head office in Almaty, targeted local presence in Astana and Atyrau ü The Announced Share Capital is USD 40 mln and initial paid up capital is USD 28 mln

KIC Leasing Mission • to increase awareness and presence of Islamic financial products in Republic of Kazakhstan • by doing so to meet the needs of entrepreneurs with leasing product to support their business while contributing to the economy of Kazakhstan Vision • to become the leading private leasing company in Kazakhstan, where the all activity will be Sharia compliant; • to assist the development of SME segment in Kazakhstan Strategy • Wide penetration across the country • Being pioneer in Kazakhstan by implementing the most efficient operation to reduce unnecessary bureaucracy without ruling our risk factors • Diversifying funding sources

Shareholders structure and information Islamic Corporation for Development of Private Sector (ICD) – 36% ICD is a multilateral organization with authorized capital in the amount of $2. 0 billion. Its shareholders consist of the Islamic Development Bank, 51 member countries, and five public financial institutions. ICD is the main sponsor of Islamic leasing companies currently operating in 12 different countries and expected to be opened in total in 25 countries before 2018. Aktif Yatirim Bankasi AS (Turkey) – 14% Aktif Bank is the largest investment bank of Turkey. The Bank operates in retail banking, investment banking and regional banking areas. The bank has very innovative approach to retail business and new generation products, therefore was awarded by many international business clubs. Kolon World Investment Co. Limited (Hong Kong) – 11% Kolon is one of the biggest conglomerate in South Korea being pioneer business group especially in textile and chemical industry. Over the years, Kolon has diversified its specialty in different area of industry such as chemicals, construction, and others that have led the rapid growth and contributed to development of the Korean economy. Zaman Leasing (Republic of Kazakhstan) – 18% Zaman Leasing LLP is presented in the Kazakhstani leasing sector from 2011. Company is focused on leasing financing of Corporate and SME sectors. Company is partner of ICD in many Leasing Companies established in post-soviet countries. Al Hilal Leasing (Republic of Kazakhstan) – 14% Al Hilal Leasing is a company established by UAE investors. Company is focused on leasing financing of Corporate and SME sectors, based on the Sharia Principles. Eurasia Group AG (Switzerland) – 7% Eurasia Group AG is the National Distributor of John Deere in Kazakhstan and Kyrgyzstan. John Deere is one of the largest manufacturers of agricultural machinery in the world.

KIC Leasing Strengths Well managed international company Reputable shareholders and Bo. D composition with high standard execution of Corporate Governance Pioneering products and activity compliant with Sharia principles Strong Internal Control and Compliance system & External audit by KPMG for the last 3 years Tailored Management Information System Management with international banking background

Financials outlook Financial Highlights (as of Nov 2017) Portfolio information (as on Nov 2017) Asset size: KZT 6. 6 bln Rent Receivable: KZT 6. 9 bln Lease portfolio: KZT 5. 6 bln Number of clients: 56 Cash and cash equivalents: KZT 250 mln Shareholders Equity: KZT 5. 7 bln Net profit 2015: KZT 994 mln Net profit 2016: KZT 8 mln Net profit 11 m 2017: 71. 6 mln Number of leases: 90 Av. Ticket size: KZT 83 mln Av. Tenure: 39 months Average profit rate: 15. 5%

Portfolio Segmentation Equipment 8% Portfolio Diversification Plant and Machinery 38% Sector wise portfolio Vehicle 43% Transportation 11% Trade & retail 14% Medical Equipment 2% Construction 13% Agriculture 2% FMCG 2% Health Care & Medical Equipment 2% Real Estate 8% Manufacturing 6% Others 6% Asset wise portfolio Road Construction 24% Rail Road transportation 17%

Funding structures Option 1 • Investor places Islamic deposit Restricted Wakala in an Islamic bank with the purpose of financing KIC. Investor will get Wakala profit. Islamic bank further finance KIC. Option 2 • Investor can provide analog of Wakala to KIC as money for trust management with the purpose of financing of lease transactions. The Investor will get profit under trust management. Option 3 • Investor can do Commodity Murabaha transaction with KIC. Money will be provided to KIC through purchase of some commodity (e. g. metal) and sale with profit by deferred repayments. Option 4 • In case of opening Islamic window, banks can provide funding trough different Islamic products: Wakala, Murabaha, etc.

Restricted Wakala – money deposited in an Islamic bank Places money to the Islamic bank (Restricted Wakala) Commodity Murabaha Islamic Bank Investor KIC Islamic bank pays as per schedule with planned profit Pledge of lease portfolio/ Pledge of bank account can be provided under Commodity Murabaha 9

Wakala – money for trust management Transfers money for Trust management (Wakala) Finance leasing transactions KIC Investor Lessees KIC Pays as per schedule with planned profit KIC gets remuneration for Trust Management Ownership for transferred money and lease portfolio belongs to the Investor Tax obligations are fulfilled by KIC have separate accounting for assets under Trust management 10

Commodity Murabaha scheme Buyer of commodity (Broker B) Seller of commodity (Broker A) step 6. step 4. Step 1. • Investor buys commodity with immediate delivery and payment • Investor and KIC sign Murabaha Agreement Step 2. • Investor sends main terms and conditions Step 3. • KIC sends offer for purchase of commodity Investor Step 5. • KIC sells commodity with immediate delivery and payment, at purchase price of the Investor KIC Leasing • Investor sends acceptance of offer for purchase of commodity with immediate delivery and deferred payment with profit Investor and KIC sign Murabaha Agreement

Facilities/ Contacts RC Maxima 51/78, Kabanbay Batyr str. , 1 st floor, office 63, Almaty, Kazakhstan tel. /fax: +7 727 228 18 18 info@kic. kz www. kic. kz Yusuf Karsi CEO Aigerim Ilyassova CFO Margarita Agabekova COO Gulali Zubanov Head of Marketing