N Operating Company LLP

«N Operating Company» LLP 100% JSC NK «KazMunayGas» daughter, incorporated under the laws of Republic of Kazakhstan to function as an operator for realization oil & gas operations on geological contract block “N” situated in south part of Kazakhstan sector of Caspian sea. Mineral interest on "N" block belongs to JSC NK «KazMunayGas»- 51%; N block B.V. – 24.5; MUBADALA Development Company (oil& Gas N block Kazakhstan) GMBH – 24.5%. Principal views of prospecting works on a contract site the next years are: • Carrying out field seismic work and interpretation of the data. • Drilling exploratory wells for the purpose of detection of deposits of hydrocarbon raw materials. Carrying out of planned oil operations in contract territory will be carried out in strict accordance with the Law of Kazakhstan Republic in the field of environmental management, with principle observance «zero dump», guaranteeing the minimum influence on sea ecosystems. All industrial and household waste will be taken out on coast and to be utilized. Besides, in the operations period ecological monitoring of a state of environment will be carried out.