/KASE, November 19, 2025/ – Halyk Bank of Kazakhstan JSC (KASE ticker – HSBK) reported the following:

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Joint Stock Company Holding Group ALMEX ("ALMEX" or the "Selling Shareholder") and Joint Stock Company Halyk Bank of Kazakhstan ("Halyk" or the "Bank") today announce the launch of the fully marketed offering and the bookbuilding process to international and domestic investors of at least 12 million global depositary receipts of the Bank ("GDRs") which in aggregate represent c.4% of the Bank's outstanding common shares ("Shares"), with each GDR representing 40 Shares. The offer size may be increased as a result of the bookbuilding process. The transaction is aimed at improving Halyk's liquidity profile shares and diversifying the Bank's shareholder base.

The offering comprises (i) an international offering of GDRs (the "International Offer GDRs") of the Bank by ALMEX (the "International Offering"); and (ii) a domestic offering of GDRs (the "Domestic Offer GDRs" and, together with the International Offer GDRs, the "Offer GDRs") and Shares (the "Domestic Offer Shares") of the Bank by ALMEX (the "Domestic Offering" and, together with the International Offering, the "Offering"). The Domestic Offering will be carried out for institutional and retail investors in Kazakhstan on the Astana International Exchange (the "AIX") (only in respect of the Domestic Offer GDRs) and on the Kazakhstan Stock Exchange (the "KASE") (only in respect of the Domestic Offer Shares). The Bank will not receive any proceeds from the Offering.

The International Offer GDRs will be admitted to the certificates representing certain securities (depositary receipts) category of the official list of the UK Financial Conduct Authority (the "FCA") and to trading on London Stock Exchange plc's main market for listed securities. The Domestic Offer GDRs and Domestic Offer Shares will be admitted to trading on the AIX and KASE.

Citigroup Global Markets Limited, J.P. Morgan Securities plc and JSC Halyk Finance have been appointed as Joint Global Coordinators for the Offering.

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The full version of the press release in Qazaq – see more

The full version of the press release in Russian – see more

The full version of the press release in English – see more

[2025-11-19]