/KASE, June 25, 2025/ – Teniz Capital Investment Banking JSC provided the following notice to the Kazakhstan Stock Exchange (KASE):

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Teniz Capital JSC reports that as part of the program for initial placement of bonds of the Ministry of Finance of the Republic of Kazakhstan (the Issuer), issued in accordance with legislation of a foreign state (hereinafter, the Eurobonds), it has placed two issues of Eurobonds denominated in dollars: 7- year and 12-year Eurobonds.

Collection of orders for purchase of Eurobonds took place on June 24, 2025. In the territory of the Republic of Kazakhstan, the collection of orders was carried out through subscription at Kazakhstan Stock Exchange JSC (hereinafter, KASE) and Astana International Exchange (hereinafter, AIX).

At the opening of the order book, the indicative yield to maturity was set in the range of 5.25% per annum for 7-year Eurobonds and 5.625% per annum for 12- year Eurobonds in US dollars. During the order collection process, there was high demand from international and Kazakh investors. As a result, the Issuer placed:

• 7-year Eurobonds denominated in US dollars with a yield to maturity of 5% and a coupon rate of 5%;
• 12-year Eurobonds denominated in US dollars with a yield to maturity of 5.5% and a coupon rate of 5.5%.

Following the placement of the Issuer's dollar bonds, the investor orders on KASE, which generated a total demand of approximately 350 mln US dollars, were executed in the amount of 206.7 mln US dollars.

The Eurobonds are listed on KASE, AIX and the London Stock Exchange.

Teniz Capital JSC also reports that the settlement date for the Issuer’s dollar Eurobonds (ticker – KZ_24_3207, ISIN: XS3093655341; ticker – KZ_25_3707, ISIN: XS3093658014) is set to July 1, 2025.

In order to make settlements, the investors which orders have been satisfied must ensure that money is delivered to the account of KASE Clearing Center JSC (the Central Counterparty) in Central Securities Depository JSC no later than 16:00, June 30, 2025.

The responsibility for the delivery of money for settlement to the account of KASE Clearing Center JSC (the Central Counterparty) in Central Securities Depository JSC no later than 16:00 on June 30, 2025, is borne by the trading participant that submitted the purchase order.

For all questions and additional information please contact the representatives of Teniz Capital JSC using the following contact details:

+7 776 306 77 27

+7 775 714 81 65

treasury@tenizcap.kz

ib@tenizcap.kz

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[2025-06-25]