HALYK FINANCE ANNOUNCES RESULTS OF INITIAL OFFERING OF EUROBONDS XS1713475132, US48669DAA00 (TMJLE6) OF NATIONAL COMPANY KAZAKHSTAN TEMIR ZHOLY

/KASE, November 20, 2017/ – Subsidiary organization of Halyk Bank of Kazakhstan Halyk Finance (Almaty, in the heading – Halyk Finance), a member of Kazakhstan Stock Exchange (KASE), today provided KASE with the following notice: quote Hereby Subsidiary organization of Halyk Bank of Kazakhstan Halyk Finance, the joint book-runner for the issue of Eurobonds by the National Company Kazakhstan Temir Zholy (hereinafter – the Issuer), announces results of the initial offering of 10-year Eurobonds of the Issuer with a total issue volume of USD780 mln, being issued under laws of a foreign country. On November 13, 2017 the Issuer collected global orders for purchase of its 10-year Eurobonds with an expected amount of USD780 mln. Collection of orders in the territory of the Republic of Kazakhstan was carried out through a subscription on KASE at the same time as collection of investors' global orders. Upon collection of orders, the Issuer on the same day fixed the cut-off price at a yield to maturity of 4.80% APR. The total issue volume is USD780 mln. Investors that submitted their orders through the subscription on KASE, were provided with bonds in the total face value of USD20.8 mln (or 2.7% of the issue volume). In the total volume of orders submitted during the subscription on KASE for a total of USD20.8 mln, 100% originated from brokerage firms and their clients, and the yield to maturity announced by investors in such orders didn't exceed 4.80% p.a. Thus, orders submitted through KASE, were executed by the Issuer in full. Settlements on these securities were carried out on November 17, 2017, also on executed orders, submitted through KASE – via Euroclear. Below are final parameters of the bond issue. --------------------------------------------------------------------------- Issuer: NC Kazakhstan Temir Zholy Guarantors: Kaztemirtrans, KTZ – Cargo transportation Expected issue ratings: Baa3 (Moody's) / BBB- (Fitch) Issue amount at face value: U.S. $780,000,000 Settlement date: November 17, 2017 Redemption date: November 17, 2027 Offering price: 100.393% Coupon rate: 4.85% p.a. Coupon payment date: May 17 and November 17 annually, beginning from May 17,2018 Yield to maturity at offering: 4.80% p.a. Time base for coupon 30/360 calculation: Issue format: In accordance with Rule 144A / Regulations S of US Act on Securities Denomination: U.S. $200.000 or higher face value, multiple of U.S. $1.000 Regulating law: English Listing: KASE, Irish Stock Exchange (Global Exchange Market) CUSIP / ISIN / Common Code: Regulation S: Common Code: 171347513 ISIN: XS1713475132 Rule 144A: Common Code: 111730954 ISIN: US48669DAA00 CUSIP: 48669DAA0 Joint Global Coordinators: J.P. Morgan Securities plc and Renaissance Securities (Cyprus) Limited Joint book-runners: Halyk Finance, J.P. Morgan Securities plc, MUFG Securities EMEA plc and Renaissance Securities (Cyprus) Limited --------------------------------------------------------------------------- unquote [2017-11-20]