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	Joint Stock Company National Company Kazakhstan Temir Zholy
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► WARNING ► IMPORTANT ► IMPORTANT NOTICE RELATING TO THE [REDACTED] ► EXPECTED TIMETABLE OF PRINCIPAL EVENTS ► CONTENTS ► SUMMARY ► DEFINITIONS ► GLOSSARY OF TECHNICAL TERMS ► FORWARD LOOKING STATEMENTS ► RISK FACTORS ► WAIVERS AND EXEMPTIONS ► INFORMATION ABOUT THIS DOCUMENT AND THE [REDACTED] ► DIRECTORS AND PARTIES INVOLVED IN THE [REDACTED] ► CORPORATE INFORMATION ► INDUSTRY OVERVIEW ► REGULATORY OVERVIEW ► HISTORY AND CORPORATE STRUCTURE ► BUSINESS OVERVIEW ► FINANCIAL INFORMATION ► DIRECTORS, SENIOR MANAGEMENT AND CORPORATE GOVERNANCE ► RELATIONSHIP WITH THE GOVERNMENT ► SHARE CAPITAL ► SUBSTANTIAL SHAREHOLDERS ► [REDACTED] ► FUTURE PLANS AND [REDACTED] ► [REDACTED] ► STRUCTURE OF THE [REDACTED] ► HOW TO APPLY FOR [REDACTED] ► APPENDIX I - CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED 31 DECEMBER 2023, 2024 AND 2025, EXTRACTED FROM ACCOUNTANTS' REPORTS IN APPENDIX IA AND APPENDIX IB ► APPENDIX IA - ACCOUNTANTS' REPORT FOR THE YEARS ENDED 31 DECEMBER 2023 AND 2024 ► APPENDIX IB - ACCOUNTANTS' REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 ► APPENDIX II - [REDACTED] ► APPENDIX III - TAXATION ► APPENDIX IV - SUMMARY OF THE CONSTITUTION OF THE COMPANY CORE SHAREHOLDER PROTECTION STANDARDS AND THE KAZAKHSTAN LAW APPLICABLE TO JOINT STOCK COMPANIES ► APPENDIX V - STATUTORY AND GENERAL INFORMATION ► APPENDIX VI - DOCUMENTS DELIVERED TO THE REGISTRAR OF COMPANIES AND AVAILABLE ON DISPLAY