/KASE, November 13, 2025/ – A special trading session for the offering of bonds KZ2C00011997 (KASE main market, "commercial bonds" category, KFUSb73; KZT 1,000, KZT 30.0 bn; 06.11.25 – 06.11.26; annual coupon, 12.50 % APR; 30/360) of Kazakhstan Sustainability Fund JSC (Almaty) was held in the trading system of Kazakhstan Stock Exchange (KASE) today. Below are parameters of the bid and results of the special trading session.

BID PARAMETERS:

------------------------------------------------------ -----------------------
Number of participants:                                6                      
Number of orders submitted (all / active ones):        9 / 8                  
Volume of active orders*, mln tenge:                   46,041.9               
Bid to ask:                                            х4.9 times             
"Clean" price on orders submitted, % of face value                            
(on all / active ones):                                                       
– minimum                                              94.5760                
– maximum                                              94.7873                
– weighted average                                     94.6763 / 94.6758      
Yield on orders submitted, % APR (on all / active ones):                      
– minimum                                              18.7800                
– maximum                                              19.0500                
– weighted average                                     18.9237 / 18.9244      
------------------------------------------------------------------------------
* active orders – orders not annulled by trade participants at expiry of order
  submission period including those confirmed by Confirmation System            
  participants.
                                                                
Of the total volume of active orders, banks accounted for 61.0 %, other       
institutional investors – for 2.1 %, other legal entities – for 36.9 %.       
                                                                            
OFFERING RESULTS:                                                             
------------------------------------------------------ -----------------------
Volume of orders executed, bonds:                      10,000,000             
Volume of orders executed, KZT:                        9,497,315,555.6        
Number of orders executed:                             3                      
Number of participants, whose orders                   3                      
were executed:                                                                
Volume of orders executed, % of plan:                  100.0                  
"Clean" cut-off price, % of face value:                94.7128                
"Clean" price in executed orders, % of face value:                            
– minimum                                              94.7128                
– maximum                                              94.7873                
– weighted average                                     94.7301                
Yield at cut-off price, % APR:                         18.8800                
Yield of bonds to maturity for buyer, % APR:                                  
– minimum                                              18.7800                
– maximum                                              18.8800                
– weighted average                                     18.8550                
------------------------------------------------------------------------------

In terms of the main categories of investors, 50.0 % of the total volume was purchased by banks, 10.0 % – by other institutional investors, and 40.0 % – by other legal entities.

According to the Central Securities Depository JSC (Almaty), the deals on this offering by the end of settlements based on the results of the trades were executed in full.

OFFERING TERMS:

-------------------------------------- -------------------------------------
Trade date:                            13.11.25                             
Current maturity:                      353 days                             
Announced offering volume, tenge:      10,000,000,000                       
Lot size, pieces:                      1                                    
Trade subject:                         "clean" price                        
Purchase order type:                   limit                                
Order submission method:               closed                               
Order collection time:                 10:00–12:00                          
Order confirmation time:               10:00–12:00                          
Cut-off time:                          12:30 (Т+0)                          
Payment date and time:                 13.11.25, 12:30                      
Order cut-off method:                  orders are cut-off, whose            
                                       prices are equal to or               
                                       below the cut-off price              
Limit order execution method           at prices of limit offset            
depending on the prices of orders:     orders equal to the cut-off          
                                       price or those more                  
                                       favorable for the seller             
Limit order execution method depending by the time of acceptance            
on the order of their submission:      of offset orders                     
Trade initiator:                       Teniz Capital Investment Banking JSC 
----------------------------------------------------------------------------

[2025-11-13]