Global Venture Fund

1. Global Venture Fund Eurasian Economic Club of Scientists Astana Economic Forum

2. AEF GLOBAL VENTURE FUND Initiative of H.E. The President of the Kazakhstan N.A.Nazarbayev * Image is courtesy of the official website of the President of the Republic of Kazakhstan www.akorda.kz

3. The IDEA • Promoting projects and recommendations of AEF • Funding projects and recommendations of AEF and other viable projects • GVF will have representation & investors from international organizations, investment houses, banks, family offices, sovereign funds etc. • GVF will have experts from foreign sovereign entities, financial organizations and institutions as needed

4. The IDEA This will enable: • Increase of progressive experience & knowledge transfer • Effective implementation of research, system and technology • Integration with projects recommended in AEF • Implementation of efficient management of financial resources for one of the best IRR for such venture fund

5. GOALS • Lure venture capital into various businesses • Focus on investing into projects and ideas that help creating professionally controlled, healthy and sustainable economy • Strategic allocation: • SME • Agrarian development • Medical development • Renewable energy • Community development • Innovation Technologies in mining and other areas • Bio-technologies • infrastructure

6. Ultimate Goal KAZAKH VALLEY: Unique phenomenon for the world to watch and reckon

7. Rationale • Industry-Comprehensive venture capital fund • International Organizations or Government funding is rarely efficiently implemented • Communication and discussion of GVF projects through G-Global platform  effective universal monitoring of project implementation • GVF is a unique and alternative Global fund, specialized in research, systems, technology and integration projects

8. Rationale Global Venture Fund launch / implementation would bring: • Better job opportunities • Economic reforms • Necessary investment for social and community projects • Help to eliminate poverty by 10% in Phase 1 target regions • Spur real economic growth

9. Philosophy Vision Establish dynamic venture capital industry to focus on key growth areas to put Kazakhstan along with growth frontiers Mission Originate appropriate crucial funding to accomplish our objective of growth strategy, attract a world-class multi-cultural professional team, create strategic institutional alliances and engage all the essential resources to put the wheels in motion

10. Strategy

11. Founders and Co-Founders AEF GVF is being created with initiative of Initiative of The President of the Kazakhstan H.E. N. A. Nazarbayev. Further Stimulation is going to be sought with support from:- • NWF “Samruk-Kazyna”, Kazakhstan • National Innovation Fund, Kazakhstan • Holding “Parasat”, Kazakhstan • Intelligence in Science, Belgium • Reinventing Bretton Woods Committee, France • Maxim Corporate Finance LLP, UK • European Commission, Europe • European Council, Europe • GTZ, Germany • The World Bank, USA • EBRD, Europe • Other International financial and non-financial organizations

12. The Fund • The First milestone for the Fund US$ 5 billion • The Fund should be further built as we go along • The Fund will NOT be used for personal purposes of founders • The Fund has to be used for it’s intended purpose, according to the strict rules & procedures • The Fund shall be used to finance the most viable projects • For long-term projects, funding should be reviewed on annual basis, with a reserve fund for a minimum of 2 years

13. Organization

14. Executive Management Board(EMB) • EMB will be represented by Kazakhstani and International experts – Managing Directors for each area of specialization • Responsibilities: overall strategy, Investment management, direction, operational policy and implementation of strategic goals of AEF GVF • Sets annual budget • Quarterly meetings

15. Project Selection Committee(PSC) • 3-year long tenure • Consists of Venture Fund and independent experts • Responsible for evaluation and selection of projects • Proposes a pool of projects to EMB • Gets quarterly updates on all started projects from themonitoring team

16. Project Database

17. Project Database (Cont’d)

18. Composition and Ownership • The % allocation will be assigned in consultation with respective sovereign and other entities • Two members of FEB – Mr. Waheed Qaiser and Mr. Murat Karymsakov will take this function and present a report to FEB • The draw down will take place upon successful screening • The Partners will be required to inject 2% of their commitment into the fund – this will result in $100 million for the Fund.

19. Next Steps • Business plan / Information memorandum • Appointment of FEB and EMB • Setting up the Fund after complying with local regulations • Appointment of committees and management • Fund strategy, policy and procedure • IT infrastructure and team in place • Creation of relevant manuals (credit, risk, HR, Controls, Data protection, Money Laundering, Compliance, etc) • Initiation of first 5 projects

20. Implementation Plan

21. Summary • AEF will be a catalyst with its recommendations on necessary projects & ground-breaking initiatives aimed at sustainable growth and reforms • Success is the sum of small efforts. Our aim is economic well-being, social harmony and overall prosperity. • The project management team will consist of following FEB members: • Mr. Murat Karymsakov • Mr. Nurbek Achilov • Mr. Waheed Qaiser

22. Contact Details Mr. Murat Karymsakov Chairman of Executive Body of Eurasian Economic Club of Scientists Email. m.karymsakov@mail.ru & Mr Nurbek Achilov Vice Chairman email. beck2002@mail.ru • Temirkazyk Str. 65, #116 Astana, Kazakhstan T.: +7 7172 701 832M.: + 7 701 940 29 78 Mr Waheed Qaiser President & Vice ChairmanMaxim Corporate Finance LLP 55 Old Broad StreetLondonEC2M 1RX Email waheed.qaiser@maximllp.comTel. +44 7965 608801