IntroducingKazakhstan Potash Corporation Ltd.

May 2016

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Disclaimer

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This presentation has been produced by Kazakhstan Potash Corporation Limited (KPC) only and may contain forward-looking statements that are based on

management’s current expectations, beliefs and assumptions and are subject to a number of risks and uncertainties. The forward-looking statements contained

in this presentation (which may include words such as “expects”, “anticipates”, “plans”, “believes”, “scheduled”, or “estimates”) include statements about future

financial and operating results, status of our regulatory submissions, coverage, possible or assumed future growth opportunities and risks and uncertainties that

could affect KPC’s product and products under development. These statements are not guarantees of future performance and involve risks and uncertainties that

are difficult to predict, and are based upon assumptions as to future events that may not prove accurate. Therefore, actual outcomes and results may differ

materially from those described. In any forward-looking statement in which KPC expresses an expectation or belief, such expectation or belief is expressed in

good faith and believed to have a reasonable basis, but there can be no assurance that the statement or expectation or belief will result or be achieved or

accomplished. We are not under any duty to update forward-looking statements unless required by law. This investor presentation update is not an offer of

securities. KPC and its directors, employees, associates, affiliates and agents, make no:

• Representations or warranties, expressed or implied, in relation to this presentation or the accuracy, reliability or completeness of any information in it

or the performance of KPC; and

• Accept no responsibility for the accuracy or completeness of this presentation and the information contained in it.

This presentation is intended to provide background information only and does not constitute or form part of any offer of securities or a solicitation or invitation to

buy or apply for securities, nor may it or any part of it form the basis of, or be relied on in any connection with any contract or commitment whatsoever. The

information in this presentation does not take into account the objectives, financial situation or particular needs of any person. Nothing contained in this

presentation constitutes investment, legal tax or other advice. This presentation does not, and does not purport to, contain all the information prospective

investors in KPC would desire or require in reaching an investment decision. To the maximum extent permitted by law, none of KPC, its officers, directors,

employees, associates affiliates or agents, nor any other person accepts any liability for loss, claim, damages, costs or expenses of any nature (whether or not

foreseeable), including, without limitation, any liability arising from fault or negligence on the part of any of them or any other person, for any loss arising from the

use of this presentation or its liability arising from fault or negligence on the part of any of them or any other person, for any loss arising from the use of this

presentation or its contents or otherwise arising in connection with it or any errors or omissions in it. The distribution of this presentation in jurisdictions outside

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jurisdiction and recipients of this presentation should keep themselves informed of and comply with and observe all applicable legal and regulatory requirements.

In Australia, this presentation should is made only to sophisticated or professional investors under the Corporations Act. Forward-Looking statements are made

pursuant to the safe harbour provisions of the Private Securities Litigation Reform Act of 1995, as amended. Please review financial releases on KPC’s website

(www.kazakhpotash.com) for complete listing of risk factors.

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Background

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Kazakhstan Potash Corporation Limited - KPC (formerly Fortis Mining Limited) is a listedCompany on the Australian Stock Exchange (ASX: KPC). The principle focus of the Company isthe exploration and development of potash reserves in Western Kazakhstan. KPC majority owns(95%) of the sub-soil rights to two potash assets Zhilyanskoye (88 sq km) and Chelkar (779 sqkm) and is in the process of finalising the acquisition of a third asset, Satimola (246 sq km).

ZhilyanskoyeChelkar

Satimola

KPC Asset Locations in West Kazakhstan

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Madam CHEUNGChairperson & Managing

Director

Madam CHEUNGChairperson & Managing

Director

- Extensive management and investment experience in Australia, Hong Kong, PRC,Singapore, and UK

- Diversified portfolio and knowledge base, with major investment and interest in naturalresources

- Currently holds directorship at Burwill Holding Limited (HKEx:0024)

Dr WEI JaifuChief Executive Officer

Dr WEI JaifuChief Executive Officer

- 30+ years experience in business management, incl. many years in listed companies inHong Kong, Singapore and PRC

- Previously CEO and Chairman of China Ocean Shipping (Group) Company (COSCO) – aFortune Global 500-company and Vice Chairman of China Merchants Bank Co., Ltd

- MSc and PhD

LYU Xiao-Kang(Executive Director)

LYU Xiao-Kang(Executive Director)

- 30+ years experience in management, particularly in mining industry in PRC- Currently Chairman of Jingdekang Investment Group; founder and Chairman of Hebei

Haide Mining Co.; Chairman of North America Investors Association

WANG Bao-Lin(Executive Director)

WANG Bao-Lin(Executive Director)

- 40+ years experience in mining industry and project management- Previously General Manager at China Non-Ferrous Metal Industry’s Foreign Engineering

and Construction Co., Ltd. (NFC)- Oversaw development and production of a number of mines in Middle East, Central Asia

and Africa for NFC

- 25+ years of managerial and corporate advisory experience in Australia, US and Asia- Previous held senior management positions at various international firms, including

Deloitte Consulting (Australia and HK) specialising in M&A. Joint founder MAP CapitalAdvisors independent boutique investment and advisory house. BA & MBA

Marco Marcou(Executive Director)

Marco Marcou(Executive Director)

- 20+ years of experience in management and investment in Hong Kong and PRC withextensive Asian business experience and networks

Terence WONG(Executive Director)

Terence WONG(Executive Director)

Board of directors

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Senior management and advisors

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- BSc and MSc in geology; MAusIMM; Competent Person as defined under theJORC Code

- 10+ years of senior management experience in mining industry- Diverse operational and consulting experience in mineral projects in PRC,

Kazakhstan, Kyrgyzstan, Tajikistan, Indonesia, Mongolia and Cambodia

Jacky CHAN(Vice President – Mining)

Jacky CHAN(Vice President – Mining)

- BSc and PhD in geology; MAusIMM; Competent Person as defined under theJORC Code

- 10+ years of combined research and industry experience in geology andmineral exploration

Dr George MA(Exploration Manager)

Dr George MA(Exploration Manager)

- Previously held senior positions at Geointsentr LLP (Tellur gold deposit,Russia) and JSC Kazzinc Ridder (East Kazakhstan)

Evgeniy BAGLYAKOV(Director of Geology and

Production – Batys Kali LLP)

Evgeniy BAGLYAKOV(Director of Geology and

Production – Batys Kali LLP)

- Investment banker in several global investment banking houses in New York,specialised in IPO, M&A and structured financings

- Previously President of Genes Capital Group

Edward WEN(Non-Executive Director)

Edward WEN(Non-Executive Director)

- 17+ years of experience in accounting and senior management- Member of CPA Australia

Junmei ZHANG(Non-Executive Director)

Junmei ZHANG(Non-Executive Director)

Non-executive directors

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• To be a large potash producer globally through the development of its KazakhstanPotash Projects via the utilisation of the Framework Cooperation Agreementwhich is part of the Chinese Government ‘One belt, One Road’ initiative.

• Under the terms of the Framework Agreement, the Company plans to build apotash production base (Potash Project) in Kazakhstan within 10 years andachieve, on a staged basis, potash fertiliser production capacity of over 7 milliontonnes per annum in order to meet China and Kazakhstan agriculture markets’demand.

• The One Belt, One Road initiative being driven by China’s government is lookingfor new channels to sustain its appetite for growth at a time when developingneighbours are experiencing rapidly rising demand.

• The overall project aims to redirect the country’s domestic overcapacity andcapital for regional infrastructure development to improve trade and relations withASEAN, Central Asian and European countries.

• The Framework Agreement which KPC is party to is a major part of the One Belt,One Road initiative between the governments of China and Kazakhstan.

“One Belt, One Road”

Objectives

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Strategic project – nationally significant

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“One Belt One Road” InitiativeThe KPC projects are located in Kazakhstan, astrategic location which some describes as the“buckle” in the “One Belt One Road” Initiative.

This is in line with the fundamental strategy anddevelopment Initiative of the Chinese government.

Increase Agricultural EfficiencyProper balance among nutrients is key to ensurereasonable crop yields.

Developing counties, including China, that currentlyunder-apply potash can improve efficiencysignificantly by correcting the practice

Source: PotashCorp

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Potash is strategic and fundamentalto food security

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Supply Deficit in AsiaAsia has contributed to approximately 60% of theworld’s population and 45% of the world’s potashconsumption. However, other than China, thewhole Asia has barely produced any materialamount of potash.

Supply Control by a Few PartiesGlobal potash supply is controlled by limitedgeographic areas (2/3 world production in 3countries) and industrial groups (80% productionin 8 companies, while the 1st largest also holdsubstantial shares in the other 3 of them).

Source: PotashCorp

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Potash overview

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Source: PotashCorp Source: PotashCorpSource: USGS

Major UsagePotash is salt that containpotassium in water-soluble formand potassium (K), is one of thethree essential nutrients ofplants, which has nosubstitutes.

Lack of potassium will lead tolimited plant growth andreduced crop yield.

Key ProductsMuriate of Potash (MOP) – KClis the most common potashproduct with approx. 60% K2O

Sulphate of Potash (SOP) –K2SO4 is a product that is highprice but relatively moresuitable for high value crops,with approx. 50% K2O

Reserve Allocation2/3 of known minable reserves in theworld are located in Canada, Belarusand Russia.

Asia has 60% of the world’s currentpopulation, but only with less than10% of world’s commercially provenpotash deposit.F

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Increasing demand on food

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+

= More Food

Source: FAO

More PopulationWorld’s human population has increased by over110% in the past 50 years.

World population is expected to exceed 10 billionin 40 years.

Better NutritionOver a 50-years period, average food energyintake has increased by over 30%.

With increase in GDP and wealth per capita, theworld is expected to continue to make significantprogress in raising nutrition level.

Source: FAO

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Increasing demand on potash

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=

+More Food

Source: CRU

Less Arable LandDue to erosion, pollution and urbanization, theworld has lost over 30% of its arable land in thepast 40 years.

The world is losing 1 hectare of arable land in every7.7 seconds on average currently

More FertilizerThe use of fertilizers was one of the key methods ofimproving and crop yield.

2.5% CAGR has been recorded on potash demandfor the past 15 years.

Source: FAO

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#KPC ASX release 1.12.2014, Satimola Independent Geological Report produced by Tetra Tech, December 2014; most of the resources are composedof sylvinite and the figures are subjected to revision upon completion of the BFS;*Kazakhstan Potash Corporation Limited Prospectus 28 January 2014, Independent Geologist Report produced by SRK Consulting in August 2013;^Based on historical results and estimates of the former Soviet Union and the Republic of Kazakhstan Ministry of Energy and Mineral Resources (non-JORC compliant) see http://kazakhpotash.com/projects/the-chelkar-project/

Deposit MineralResources (JORC) Tonnes (million) Grade (% K2O) Cut-off Grade (%

K2O)

Satimola#

Indicated 3,100 16.2

10Inferred 2,900 17.4

Subtotal 6,000 15.5

Zhilyanskoye*(Sylvinite)

Indicated 66.7 19.2

10Inferred 55.2 17.9

Subtotal 119.8 18.6

Zhilyanskoye*(Polyhalite)

Indicated 769.4 8.2

5Inferred 214.3 7.3

Subtotal 983.7 8.0

Chelkar^ ExplorationTargets 5,998–6,020

Project resource estimates

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• Uralsk and Aktobe are the principal industrial(oil) hubs of the West Kazakhstan Province andAktobe Province respectively

• Railways to China, Russia and Europe

• Commercial airports, electricity, oil and gaspipelines, water resources (Ural River), skilledlabours are available

Project infrastructure

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Zhilyanskoye project

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Project highlights• Proximal to industrial hub – Aktobe

• Well-developed infrastructure, includingthe trans-Russia railway from Moscowthrough Aktobe and Almaty to Alashankouof Xinjiang, China

• Feasibility Study completed by ChinaBluestar Leigh

• JORC Indicated + Inferred resourcesverified (by SRK)

Chelkar projectProject highlights• Resource verification underwayF

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Satimola projectCapacityWorld class project with future productestimated capacity of almost 6 milliontonnes per annum and over 50 yearsmine life

StatusUpdated reserve estimation andBankable Feasibility Study (JORC) to becompleted by Dec 2016

Orebody

Mineralisation 21klm x 8 Klm

First Ore depth from surface – 350metres to a depth of 1000M+

Estimated that mining over the first fiveyears will be focused on a high-gradezone in the centre of the deposit,targeting a run-out-mine throughput of25Mtpa, producing 6Mtpa KCl products(MOP).

Target will be to focus on mining oreabove 600M

Satimola

Source: Company websitesSource: KPC ASX release 1.12.2014, Satimola Independent GeologicalReport produced by Tetra Tech, December 2014;

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Satimola project current status

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Current Status

• Sub-soil use contract secured

• Consent to transition to mining stageobtained

• JORC Indicated + Inferred resources verified

• Site management camp and R&Dlaboratories constructed

• Project industrial development studiescompleted

• Power line energy network and infrastructuredesign in progress

• Water and gas supply, as well as railconnection negotiations commenced

• Logistics arrangement negotiationscommenced

• Bankable Feasibility Studies (JORC)engagedF

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Potential world class production capacity

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World’s Leading Potash Mining Company &DepositOnce Satimola and Zhilyanskoye reach their fully production capacity,it is expected to be able to produce almost 7 million tonnes of KCl perannum for over 50 years.

When comparing to the major listed companies and deposits, capacityof KPC’s assets are estimated to be roughly equivalent to the world’stop 5-6th potash mining company and top 2-3th potash producingdeposit respectively. Source: PotashCorp, Uralkali, Mosaic

Source: PotashCorp

KPCPotential

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Project advantages – key factors

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Simple GeologySimple Geology

• Relatively thick and flat depositof Satimola allows efficienthighly mechanized mining

• Satimola deposit withinreasonable depth and littlewater bearing strata aboveallows easy shaft sinking

Large ScaleLarge Scale

• Large capacity facilitateseconomies of scale inproduction and construction

High Ore QualityHigh Ore Quality

• Coarse grained sylvinite allowssimple and low cost flotationprocessing and higherrecovery rates

Cheap Materials &Equipment

Cheap Materials &Equipment

• Geographic location ofKazakhstan allows import ofrelatively cheap Russia orChina materials andequipment

Cheap Labour &Energy

Cheap Labour &Energy

• Low exchange rate ofKazakhstan currency (Tenge)leads to low labour costs

• Abundant energy productionlocally allows low energy costs

Available Utilities &Infrastructure

Available Utilities &Infrastructure

• Existing logistic and utilitiesinfrastructure near mine siteallows fast and simpleconnection

• Cross country railways allowtransportation of products todestination

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Thank You

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