INFORMATIONAL MESSAGE June 28, 2022 UAPF depositors were convinced of the transparency of the Fund's work The Open Day has already become a traditional event for depositors and recipients of the Unified Accumulative Pension Fund. For the convenience of depositors and recipients, our employees conducted it once again in the virtual space Everyone could attend the event using the online platform and join the Open Day without leaving the walls of their home. Main topic "Pension Asset Management: How and where pension assets are invested." As you know, the pension savings of UAPF depositors are continuously invested and work for the depositor. Last year alone, from January 1, 2021 to January 1, 2022, the increase in pension savings due to net investment income reached 1.4 trillion tenge. The yield on pension assets of the UAPF under the management of the National Bank of Kazakhstan amounted to 11.13%, with inflation of 8.4%. Recall that investment income includes income in the form of remuneration on securities (deposits and other transactions), income in the form of market revaluation of financial instruments, income in the form of currency revaluation, income on assets under external management, etc. About 2/3 of investments are placed in tenge and about 1/3 - in foreign currency, a large part of the foreign exchange investments are in US dollars. The guests of the event learned that the amount of depositors' pension savings is recalculated and reassessed weekly in accordance with the results of investing pension assets. Since the value of financial instruments and exchange rates change all the time, the income from market and currency revaluation can be both positive and negative in a single period. It is important to emphasize that pension savings are long–term investments and it is advisable to analyze the amount of investment income for a period of at least one year. Short–term data (weekly, monthly, etc.) are not indicative, because they depend on constant current changes in market conditions. The Fund's specialists shared that in addition to the National Bank, UAPF depositors can transfer part of their savings to investment portfolio management companies. At the moment, the UAPF has concluded an agreement on the trust management of pension assets with four UIPS. Recall that after receiving pension assets from the UAPF, the UIP also invests them in authorized financial instruments. In general, in accordance with the Law on Pension Provision of the Republic of Kazakhstan, the state provides a guarantee of the safety of pension savings taking into account inflation at the time of obtaining the right to pension payments. This norm, which has no analogues anywhere in the world, contributes to the preservation of depositors' savings from inflation. When transferring pension savings to the management of the UIP, the guarantee of the state is replaced by the guarantee of the management company to ensure a minimum level of profitability of pension assets. The event was held throughout the country with high attendance. Each of the participants was satisfied with the electronic format of the Open Day, and many expressed a desire to independently study the information on the investment management of pension assets of the UAPF and the financial instruments in which the pension assets of the Fund are placed on the official website www.enpf.kz . The UAPF was established on August 22, 2013 on the basis of JSC "NPF "GNPF". The founder and shareholder of the UAPF is the Government of the Republic of Kazakhstan represented by the State Property and Privatization Committee of the Ministry of Finance of the Republic of Kazakhstan. The trust management of pension assets of the UAPF is carried out by the National Bank of the Republic of Kazakhstan. Since January 1, 2016, the functions of developing proposals to improve the efficiency of pension assets management have been transferred to the National Fund Management Council. In accordance with the pension legislation, the UAPF attracts mandatory pension contributions, mandatory occupational pension contributions, voluntary pension contributions, pension payments, individual accounting of pension savings and payments, provides the depositor (recipient) with information on the status of his pension savings (more on www.enpf.kz ).