/KASE, November 21, 2025/ – Halyk Bank of Kazakhstan JSC (KASE ticker – HSBK) reported the following:

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Further to the announcement made on 19 November 2025, Joint Stock Company ("ALMEX" or the "Selling Shareholder") and Joint Stock Company Halyk Bank of Kazakhstan ("Halyk" or the "Bank") today announce the pricing and successful completion of the bookbuilding process in relation to the (i) international offering of 17,420,000 global depositary receipts of the Bank ("GDRs") (the "International Offer GDRs") by ALMEX (the "International Offering") and (ii) concurrent domestic offering of 205,000 GDRs (the "Domestic Offer GDRs" and, together with the International Offer GDRs, the "Offer GDRs"), and 121,800,000 common shares of the Bank ("Shares") (the "Domestic Offer Shares") by ALMEX (the "Domestic Offering" and, together with the International Offering, the "Offering"). Each GDR represents 40 Shares. The number of Offer GDRs and Domestic Offer Shares sold in the Offering represents 7.6% of the Bank's outstanding Shares.

ALMEX's gross proceeds from the Offering amount to USD 475,410,000, comprised of 121.8 million Domestic Offer Shares sold at the offer price of KZT 298.66 per Share and 17.6 million Offer GDRs sold at the offer price of USD 23.00 per GDR. 17.4 million International Offer GDRs were purchased by institutional investors outside of Kazakhstan in the International Offering, and 0.2 million Domestic Offer GDRs and 121.8 million Domestic Offer Shares were purchased by investors in Kazakhstan. The Bank will not receive any proceeds from the Offering.

Closing of the International Offering and admission to trading of the International Offer GDRs on London Stock Exchange's main market for listed securities and to listing to the certificates representing certain securities (depositary receipts) category of the official list of the UK Financial Conduct Authority (the "FCA"), is expected to occur on 25 November 2025. Trading of the Domestic Offer GDRs on the Astana International Exchange and the Domestic Offer Shares on the Kazakhstan Stock Exchange is expected to commence on 26 November 2025. Following completion of the Offering, ALMEX will hold 6,756,738,228 Shares in the Bank, representing approximately 62 per cent of the Bank's outstanding Shares.

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

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

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

[2025-11-21]