/KASE, October 22, 2025/ – Teniz Capital Investment Banking JSC as a joint bookrunner, has provided Kazakhstan Stock Exchange (KASE) with the following notice:

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Teniz Capital JSC announces that, as part of the program for the initial placement of bonds of the Ministry of Finance of the Republic of Kazakhstan (Issuer), issued in accordance with the legislation of a foreign state (hereinafter referred to as Eurobonds), it has placed 5-year Eurobonds denominated in US dollars.

The collection of orders for the purchase of Eurobonds took place on October 21, 2025. In the Republic of Kazakhstan, the collection of orders was carried out through a subscription at Kazakhstan Stock Exchange JSC (hereinafter – KASE) and the Astana International Exchange (hereinafter – AIX).

At the order book opening, the indicative yield to maturity was set at UST+120 b.p. per annum for 5-year US dollar-denominated Eurobonds. Strong demand from international and Kazakh investors was observed during the bookbuilding process. As a result, the Issuer placed 5-year US dollar-denominated Eurobonds with a yield to maturity of UST+85 b.p.

Following the placement of the Issuer's dollar-denominated bonds, investor orders on KASE, which generated a total demand of approximately USD 251 mln, were executed in the amount of USD 196.5 mln.

The Eurobonds were 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_26_3010, ISIN: XS3212533262) is set for October 28, 2025.

The time for delivery of collateral to the account of KASE Clearing Centre JSC (Central Counterparty) in Central Securities Depository JSC for the purpose of making settlements to investors whose orders were executed, was changed from 16:00 to no later than 12:00 on October 28, 2025.

The trading participant who submitted the buy order shall be responsible for the delivery of funds for settlements to the account of KASE Clearing Centre JSC (Central Counterparty) in Central Securities Depository JSC no later than 12:00 on October 28, 2025.

For any questions or additional information, please contact Teniz Capital JSC representatives using the following contact information:

+7 778 456 01 79

+7 776 306 77 27

ib@tenizcap.kz

treasury@tenizcap.kz

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[2025-10-22]