Major and interested‑party transactions

Major transactions A transaction or a series of interrelated transactions resulting in the (potential) acquisition or disposal of property by a company, the value of which amounts to twenty‑five percent (25%) or more of the total book value of such company’s assets.

In the reporting period, no transactions recognised as major transactions under the Law of the Republic of Kazakhstan On Joint Stock Companies and KMG’s internal documents were made by the Board of Directors or the General Shareholders’ Meeting.

Interested‑party transactions Transactions where the issuer is an interested party and which are related to the acquisition or disposal of property worth of ten or more percent of the total book value of the issuer’s assets as of the date of the resolution of its authorised body to enter into such transactions.

Kazakhstan polyethylene plant

On 11 September 2024, the construction of a 1.25 mtpa polyethylene plant started in the National Industrial Petrochemical Technopark special economic zone in the Atyrau Region, with investments rounding some USD 7.4 bln. The project is run by Silleno, whose shareholders are KMG (40%), Sinopec Overseas Investment Holding (30%), and SIBUR Holding (30%). The project is financed by equity and loans from international banks. The value of the project that is the subject of the interested‑party transaction is 21% of the total book value of KMG’s assets.