/KASE, November 1, 2017/ – Subsidiary Bank Sberbank of Russia (Almaty), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release:

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Sberbank and Seven Refractories Asia LLP manufacturing company concluded a deal to attract financing in the amount of KZT 350 million. Seven Refractories Asia LLP is a part of Seven Refractories international group specializing in the production of modern refractory materials.

The deal was supported by Entrepreneurship Development Fund DAMU JSC under Ondiris program.

"The manufacturing industry in Kazakhstan demonstrates strong growth. Only in the last 6 months the production output increased by more than 6%. Sberbank is actively investing in this industry. A quarter of the loan portfolio of corporate business falls on production with high added value. Seven Refractories Asia specializes in the production of unique products. We see the prospects for the development of production and are pleased to see it among our partners", Yeldar Tenizbayev, Deputy Chairman of the Management Board of SB Sberbank JSC for Corporate Business, says.

A revolving credit line was opened to Seven Refractories Asia LLP. The first tranche of KZT 100 million was transferred in September 2017. The funds will be used to purchase raw materials for the production of refractory material, which is used in all major metallurgical plants, both domestic producers and foreign ones.

"Industrial enterprises of Kazakhstan are provided with refractories from China and Russia. Our project creates an excellent opportunity for import substitution. The company is just beginning its activities in the territory of the Republic. There are no analogues of such production in Kazakhstan. We will be the first in the production of high-quality monolithic refractories in Kazakhstan. With the financial support of Sberbank we plan to move to a qualitatively new level of products, increase production and develop a new line of business. The implementation of these initiatives will provide an opportunity to increase the competitiveness of products, give an additional impetus to the expansion of the company's presence in Kazakhstan and the Russian Federation", Maksim Glazunov, General Director of Seven Refractories Asia LLP, says.

Seven Refractories Asia LLP was founded in June 2017. The owner of the plant is Seven Refractories international holding which has been operating in the European market for more than 30 years. The company produces modern refractory materials. Currently, the company's subdivisions are opened in Slovenia, Germany, Austria, Italy, Russia, Kazakhstan and Ukraine. The headquarters is located in Divache, Slovenia.

www.sevenrefractories.com

SB Sberbank JSC is a part of Sberbank international group. The Bank has ten-year successful experience in the financial market of the Republic of Kazakhstan and takes 4th place in terms of assets among second-tier banks of the Republic of Kazakhstan. Today, SB Sberbank JSC has a branch network of 83 structural subdivisions, 16 out of which are branches. The central office of the Bank is located in Almaty.

www.sberbank.kz

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[2017-11-01]