External Audit

To ensure an independent assessment of the reliability of financial statements prepared in accordance with IFRS, the Company annually engages an external auditor, approved by the General Meeting of Shareholders. The selection of the audit firm is carried out in accordance with the Rules for Selecting an Audit Organization established by Samruk-Kazyna JSC and applies to entities in which Samruk-Kazyna JSC directly or indirectly owns 50 % or more of voting shares (interests), either through ownership or trust management. In selecting the auditor, the Company adheres to the following core principles:

• independence and transparency of the selection process;
• absence of conflicts of interest;
• quality of the proposed audit services.

Pursuant to the resolution of the Extraordinary General Meeting of Shareholders held on 13 December 2022, Ernst & Young LLP was appointed as the auditor of the Company’s financial statements for the years 2022–2024. In 2024, Ernst & Young LLP did not provide audit or non-audit services to the Company’s subsidiary, Kaznet Media LLP.

During the year, Kcell JSC paid Ernst & Young LLP a total of 116,231,010 tenge (inclusive of VAT) for audit services. No non-audit services were rendered to the Company by Ernst & Young LLP in 2024.