Dividend Policy of ForteBank JSC
Version 00
Page 3 of 3
13.
The dividends distribution shall be performed not later than 90 (ninety) calendar days after the date
following the date of resolution of GMS on the distribution of dividends on the ordinary shares of the Bank on the
basis of the Register of the Securities Holders entitled to receive dividends provided by CD for the purpose of
dividends payment, and according to the details specified therein.
14.
Transfer of funds to the up-to-date payment details of the Shareholders specified in the Register of the
Securities Holders or to an unclaimed funds account opened with CD in accordance with the clause 17 hereof shall
constitute the payment of dividends.
15.
The frequency of the dividends payment on shares shall be established by the Bank Charter.
16.
Taxation of the distributed dividends shall be performed as outlined by the tax law of the Republic of
Kazakhstan.
17.
In case of absence of the information on the up-to-date details of a Shareholder in CD’s system of
registers, the distribution of dividends on the ordinary shares of the Bank shall be performed within 5 (five) business
days after the expiration of the period of 90 (ninety) calendar days from the date following the date of resolution by
GMS on the distribution of dividends on the ordinary shares of the Bank to an unclaimed funds account opened with
CD by the Bank.
18.
The Bank shall disclose the information on the resolution made by GMS regarding the distribution of
dividends on the ordinary shares of the Bank based on the procedure and within the period provided by the Republic
of Kazakhstan law and the rules of the Exchange where the Banks securities are listed. The resolution of GMS on
distribution of dividends on the ordinary shares of the Bank should contain the following information:
1) name, location, bank and other details of the Bank;
2) period for which the dividends are paid;
3) the amount of dividends per one ordinary share;
4) dividends payment start date;
5) the procedure and form of distribution of dividends.
19.
A Shareholder shall be entitled to demand distribution of unclaimed dividends regardless of the period
of the Bank’s debt creation, except as otherwise provided by the Republic of Kazakhstan law.
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