This HTML version is machine-generated. Always consult the original document.

[Page 287]

Belinda L. Paisley
Direct Phone: +44 (0)20 3116 3505
Email: [email protected]

Reed Smith LLP
The Broadgate Tower
20 Primrose Street
London EC2A 2RS

Lucy Winnington-Ingram
Direct Phone: +44 (0)20 3116 3891
Email: [email protected]

Phone +44 (0)20 3116 3000
Fax +44 (0)20 3116 3999

reedsmith.com

9 December 2021

Our Ref: CJC/745351.00046

By Electronic Mail

Fietta LLP
1 Fitzroy Square
London
W1T 5HE

Dear Counsel,

Re: Big Sky Energy Corporation vs. Republic of Kazakhstan (ICSID Case No. ARB/17/22)

1. Pursuant to the Tribunal's Award dated 24 November 2021 (the "Award"), the Claimant is ordered to pay the Respondent USD 575,821.71 for the expended portion of the Respondent's advances to ICSID.
2. We further note that interest will start to accrue from 60 days after the date of the Award until the date upon which payment is made at a rate of 12-month USD LIBOR + 2.0%, compounded annually. Please ensure that any payment post-dating 23 January 2022 takes account of this additional amount.
3. Please advise your client that this sum should be wired in U.S. dollars, referencing the case name (Big Sky Energy Kazakhstan v. Kazakhstan) to the account listed below:

Reed Smith LLP is a limited liability partnership registered in England and Wales with registered number OC303620 and its registered office at The Broadgate Tower, 20 Primrose Street, London EC2A 2RS.
Reed Smith LLP is authorised and regulated by the Solicitors Regulation Authority. A list of the members of Reed Smith LLP, and their professional qualifications, is available at the registered office.
The term partner is used to refer to a member of Reed Smith LLP, or a partner of an associated entity, or an employee of equivalent standing.

Reed Smith LLP is associated with Reed Smith LLP of Delaware, USA and the offices referred to below are offices of either Reed Smith LLP or Reed Smith LLP of Delaware, USA.

ABU DHABI • ATHENS • BEIJING • CENTURY CITY • CHICAGO • DUBAI • FRANKFURT • HONG KONG • HOUSTON • KAZAKHSTAN • LONDON • LOS ANGELES • MIAMI • MUNICH
NEW YORK • PARIS • PHILADELPHIA • PITTSBURGH • PRINCETON • RICHMOND • SAN FRANCISCO • SHANGHAI • SILICON VALLEY • SINGAPORE • TYSONS • WASHINGTON, D.C. •
WILMINGTON

[Page 288]

Client Account

4. We thank you for your prompt attention to this matter, and would be grateful for confirmation of receipt of this Letter.

Yours faithfully,

Signature

Reed Smith LLP