We believe that LLP Olimpgaz’s commercial success depends on long-lasting alliances built on trust and mutual benefit. When conducting business, the company aims to maximize the benefits for all involved parties. In order to become the go-to business partner, LLP Olimpgaz aims to maintain a long-lasting relationship with its business partners by meeting high performance standards, being transparent and adaptable, learning from others, fostering mutual understanding and interdependence, and sharing success.

Our company Conduct and Ethics Code, also known as “The Code,” lays forth the guidelines for conducting our company operations in an honest, moral, and respectful manner. In our interactions with our business partners, including suppliers, contractors, consumers, shareholders, the general public, and regulatory bodies, LLP Olimpgaz is totally dedicated to maintaining the highest standards of ethics and business conduct. At the same time, LLP Olimpgaz demands that all of our business partners respect the Code, behave in accordance with it, and follow it.

Business Strategy

The strategy of LLP Olimpgaz, an energy company based in Kazakhstan, is to unlock the organic value of our current assets in Kazakhstan while simultaneously pursuing acquisitions that add cash flow, diversity, and high-quality investment opportunities to the portfolio. The company is committed to generating shareholder value through the development of oil and gas assets and the execution of accretive transactions.

Central to the strategy is identifying and stewarding the right assets, where the Company can add value. The key strategic priorities for achieving this involve:

• The availability and ability to obtain access to commercially viable oil and gas production and development opportunities that are of a size that is appropriate to the Company
• Inherent geological risks and uncertainties associated with the oil and gas industry, along with exposure to adverse movements in commodity prices and fiscal policies
• Compliance with regulatory obligations and the exposure to potential legislative changes concerning the approach towards continued hydrocarbon production, development and exploration
• Availability of personnel with the skills necessary to develop the business
• Availability of industry funding and access to capital markets
• Co-venturer and other third-party services and counterparty risks

Applying high ethical standards to build relationships based on trust with our people, owners, business partners, and communities is essential to our ability to create value. We will follow the law, behave morally, sustainably, and socially responsibly, follow good corporate governance, and uphold internationally acknowledged human rights in all of our commercial dealings. We will continue to have frank discussions on ethical matters both inside and outside the company. We consistently urge and remind our staff members and any outside parties that come into contact with us to voice concerns or report any suspected or actual violations of the law or corporate policy.

We have zero tolerance for corruption of any kind and actively seek to prevent it in relation to LLP Olimpgaz’s commercial operations. We promise to conduct business in accordance with the strict ethical guidelines set forth in our Code. As evidence of our commitment, we have implemented a comprehensive program to prevent corruption in our company operations. All of our employees are required to abide by the rules, regulations, and guidelines that are outlined in the program. It also outlines the resources and tools that LLP Olimpgaz provides, including as ethical committees, risk assessments, and training guidelines for directors, staff, and other relevant parties.