This document provides information about the GNPF pension fund in Kazakhstan. It summarizes that: 1) GNPF is the first pension fund in Kazakhstan, owned entirely by the National Bank, and plays an important social role in the country's pension system. 2) As of June 2013, GNPF had over 2 million contributors, pension assets totaling over 1 trillion tenge, and net investment income of 159.2 billion tenge that year. 3) GNPF aims to provide financial stability and professional management for contributors, with a weighted investment policy and growing investment returns over time.

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PENSION FUND
The earlier you start your pension saving, the easier you build a base to
enjoy your future well-being and serenity of coming frosty years
Safe investments in your future!

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OUR SHAREHOLDER
1
National Bank of the Republic of
Kazakhstan
Share – 100%
The National Bank of the Republic of
Kazakhstan is the central bank and
represents the upper (first) tier of the
banking system.
As of June 01, 2013

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Yuriy V.
Gerassimenko
Advisor of the
Chairman, the
Board of the
National Bank of
the Republic of
Kazakhstan
Gulzhan S.
Amangeldinova
The National Bank of
the Republic of
Kazakhstan
Legal Department
Head of the Treaty and
law division
Dolores T.
Medeusheyeva
Chairman of the
Board, "GNPF"
APF" JSC
Alfiya R.
Iilyassova
Risk Manager of
Risk Management
Service of KASE
Kulbanu S.
Mussayeva
General Director,
"The Fund
for Insurance
Indemnification
Guarantee" JSC
THE BOARD OF DIRECTORS OF GNPF
MEMBERS OF
THE BOARD OF
DIRECTORS
INDEPENDENT
DIRECTORS
Dina T. Galiyeva
The National Bank of the
Republic of Kazakhstan
Deputy Chairman
CHAIRMAN OF
THE BOARD OF
DIRECTORS
As of June 01, 2013

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GEOGRAPHY OF GNPF
1
18 11
2119 Service centers
Centers for
personal service
in the cities of
Astana and
Almaty
Branch offices in all regional centers and in the
cities of Astana and Almaty
Additional customer
service areas
As of June 01, 2013

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CONFIDENCE OF CONTRIBUTORS
1
GNPF` PENSION ASSETSNUMBER OF GNPF`
CONTRIBUTORS*
*This information shows number of individual pension accounts of
GNPF' contributors of compulsory pension contributions
Source the Committee of control and supervision on financial market and financial organizations of NB RK
As of June 01, 2013
thousand KZT

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GNPF – NET INVESTMENT INCOME GROWTH
1
June
01,2009
June
01,2010
June
01,2011
June
01,2012
June
01,2013
92.6
112.0 128.7
149.7 159.2

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INVESTMENT PORTFOLIO OF GNPF –
STRUCTURE (MODERATE PORTFOLIO)
1Assets allocation
by financial
instruments in
GNPF moderate
portfolio
As of June 01, 2013
IFO securities
2.63%
Government
securities of RK
39.93%
Foreign government
securities
3.38%Kazakhstani
companies'shares
1.92%
Foreign
companies'shares
0.95%
Bonds of
Kazakhstani
companies or
guaranteed by
Kazakhstani
companies
17.63%
Bonds of Foreign
companies
1.26%
Deposits in
Kazahstani banks
17.49%
Refined precious
metals
9.54%
REPO, CASH and
other assets
5.27%

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INVESTMENT PORTFOLIO OF GNPF –
STRUCTURE (CONSERVATIVE PORTFOLIO)
1Assets allocation
by financial
instruments in
GNPF moderate
portfolio
Deposits in
Kazakhstani banks
35.09%
Government
securities of RK
45.54%
REPO, CASH and
other assets
19.37%
As of June 01, 2013

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Benefits for GNPF contributors
GNPF’ regional branch offices signed more than
700 contracts of cooperation with trading and
service companies for additional services for
GNPF contributors
As of June 01, 2013
GREAT DEALS
FROM OUR
PARTNERS

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GNPF - ADVANTAGES
The first pension fund − GNPF is a flagman of the pension reform being of
particular social importance in the history of independent Kazakhstan.
Financial stability – main factor of financial stability is the Fund’s shareholder – the
National Bank of RK.
Professionalism – Highly qualified specialists with large experience on the
financial market are in the Fund’s Board of Directors and the Board.
Weighted investment policy – Net investment income on June 01,
2013 amounted to KZT 159.2 bln.
Service – GNPF keeps working on progress of service quality,
looking for new ways and improving existing methods.
Benefits for contributors from GNPF’s partners
– Partners of GNPF give special discounts to the
Fund’s contributors.

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OUR SERVICES
1
Free on territory of Kazakhstan
You can get additional information in any office of GNPF or by calling to our consulting service:

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PENSION FUND
Safe investments into your future!
Thank you for attention!
www.gnpf.kz