Investor Presentation

2013

KAZPETRODRILLING

Table of Contents

1. Introduction to KazPetroDrilling 3

2. Investment Highlights 6

3. Growth Opportunity 12

4. Operational Highlights 17

5. Financial Highlights 23

1. INTRODUCTION TO KAZPETRODRILLING

Key Operational and Financial Characteristics

Operational 2011 2012 2013F

Total Drilling Volume 347 thous.m 418 thous.m 538 thous.m

Drilling Efficiency 1310 m/ drill crew/ day

1721 m/ drill crew/ day

1737 m/ drill crew/ day

Employees 3 585 4 940 5 253

Drill Rigs 34 38 42

Workover Rigs 40 52 51

Cementing(Currently Dormant)

3

Implemented and perspective projects

Market Leader With 18% market share by drilling volume KPD is the unrivalled leader

in Kazakhstan, with the closest competitor occupying the mere 8% of the market

KPD demonstrated resilient performance in face of the turbulent business climate

The Group’s modernised drilling fleet (42 rigs) and workover fleet (51 items), along with the planned increased capacity will allow to further diversify client portfolio

The Group enjoys modern drilling technology collaborating with many companies such as Schlumberger, Backer Hughes, NOV, Suay Energy, etc.

…Becoming the Largest Driller in KazakhstanKazakhstan Drilling Market by Volume Drilled

2012 Total Volume Drilled: 2,208,213 meters

10

20%

8%

9%

6%

7%3%5%3%

31%

KPD

VelikayaStena

SibuKyzylorda

Vostokoneft

OntustykMunayGas

NeftTechService

Sinopec

SmartOil

Other

Imcreased Drilling SpeedMeters Drilled per Rig per Month

Source: Company.

11

777646

8181046

8781084998 1107

1278

1573 1492 1532

2793 2850

0

500

1000

1500

2000

2500

3000

2008 2009 2010 2011 2012 2013F

KMG Drilling Burgylau Astra Star

KPD Overview

Abandonment Volume

Drilling Volume Workover Volume

17

138

320302

225 235

297

2008 2009 2010 2011 2012 2013F

Number of Wells

1 201

363428 457

359 328

2008 2009 2010 2011 2012 2013F

Number of Wells

250

148

302347

418

538

224

99

223259

343396

2008 2009 2010 2011 2012 2013F

Total Thous.m. Drilled Number of Wells Drilled

Health & Safety and Environment

22

• The Health & Safety and Environmental policy of the Company comprises the following main tasks: to provide environmental protection through the application of the best technologies and practices; to observe environmental legislation; to maintain implementation of the quality control system (according to ISO 9001) and environmental management system (according to ISO 14001); to utilize production wastes and eliminate land contamination.

• The Company operates in compliance with all applicable requirements in the area of health, safety and environment, methods and best international petroleum industry practices for the development of oilfields.

• Annually the Company invests progressively (as demonstrated at table) in HSE actions. In 2010, the Company invested KZT 739.8 mln in HSE, in 2011 – KZT 1140 mln, in 2012 – KZT 1 207 mln. In 2013, the Company invested KZT 1 542.7 mln (USD$ 10.2 mln) for the implementation of environmental and safety measures.

• Subsidiary companies include HSE departments. HSE Departments consist of teams of 30 employees.

• For the current year the Company obtained the ecological permits and approval of its environmental protection plans from the Ministry for Environmental Protection, which must be fulfilled.

• In addition, the Company has developed and coordinated with the Ministry for Environmental Protection and Ecological Control Program through which the ecosystems of the fields are being permanently monitored.

• The Company monitors the environmental situation of its production facilities annually. For this purpose the Company engages independent specialized organizations which have necessary permits, licenses and accredited laboratories to carry out tests.

• The Company has been carrying out measures to clean up contaminated lands using the latest biotechnologies for the reclamation of oil-contaminated land. For this purpose the Company has supplied specialized companies with the necessary permits, licenses, equipment and qualified personnel.

2010 2011 2012 2013400,000,000Т600,000,000Т800,000,000Т

1,000,000,000Т1,200,000,000Т1,400,000,000Т1,600,000,000Т1,800,000,000Т2,000,000,000Т

Investments to HSE