/KASE, April 20, 2026/ – Teniz Capital Investment Banking JSC, as joint bookrunner, today provided the following notice to Kazakhstan Stock Exchange (KASE):

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THIS ANNOUNCEMENT IS NOT POSTED AND COPIES OF IT MAY NOT BE DISTRIBUTED OR SENT INTO THE UNITED STATES OF AMERICA (EXCEPT IN THE CASE OF DIRECT DISTRIBUTION IN THE UNITED STATES TO QUALIFIED INSTITUTIONAL BUYERS AS DEFINED IN RULE 144A OF THE U.S. SECURITIES ACT OF 1933, AS AMENDED), CANADA, AUSTRALIA, JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE UNLAWFUL.

National Company "Kazakhstan Temir Zholy" JSC (KTZh), the 100% state-owned national operator in the field of transport and logistics of the Republic of Kazakhstan, has appointed Citi, J.P. Morgan and Société Générale as joint global coordinators and joint bookrunners, Abu Dhabi Commercial Bank, Deutsche Bank, Oman Investment Bank and Standard Chartered Bank as joint lead managers and joint bookrunners, and Teniz Capital and Freedom Broker as Kazakhstan lead managers, have arranged a global investor call at 2:00 PM London time / 9:00 AM New York time / 6:00 PM Astana time on Monday, April 20, and a series of hybrid one-on-one meetings and investor calls in London starting from April 20.

This is expected to be followed by the placement of two tranches of investment- grade 5- and 10-year dollar-denominated RegS/Rule 144A Eurobonds under KTZh's new Global Medium-Term Notes (GMTN) programme, in the amount of up to USD 3,000,000,000, subject to favourable market conditions.

Kazakhstan Temir Zholy – Global Investor Call

Date: Monday, April 20, 2026

Time: 18:00

NC "Kazakhstan Temir Zholy" JSC will feature:

• Dair Kusherov, Managing Director of Finance
• Daniyar Arkalyk, Head of Corporate Finance
• Almas Suleimanov, Head of the Treasury
• Alexandra Smolina, Chief Legal Officer

To participate in the call, please register at the following link: www.netroadshow.com/nrs/home/#!/?show=a9d71794

Broadcast recording: www.netroadshow.com/nrs/home/#!/?show=a9d71794

Please note that there will be an opportunity to ask questions at the end of the call.

An online presentation for investors is available:

• URL: www.netroadshow.com and enter the code: KTZ2026
• Direct Link: www.netroadshow.com/nrs/home/#!/?show=a9d71794

This announcement does not constitute an offer of securities for sale in the United States, Canada, Australia, Japan or any other jurisdiction. The Republic of Kazakhstan has not registered and does not intend to register securities in any of these jurisdictions or to conduct a public offering of securities in any of these jurisdictions. In particular, no securities of the Republic of Kazakhstan referred to in this announcement have been or will be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and such securities may not be offered, sold or delivered within the United States or to or for U.S. persons (as defined in Regulation S under the Securities Act), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in accordance with applicable state securities laws. In the United States, any offer will be made only to "qualified institutional buyers," as defined in and pursuant to Rule 144A under the Securities Act, or another available exemption from the registration requirements of the Securities Act, or in a transaction not subject to such requirements. Outside the United States, any offer will be made to persons who are not "U.S. persons", pursuant to Regulation S under the Securities Act. Prospective buyers are hereby notified that sellers or issuers of securities may rely on the exemption from the registration requirements of the Securities Act provided by Rule 144A under the Securities Act or another available exemption from registration.

MiFID II/UK MiFIR: The manufacturer's target market includes only eligible counterparties and professional clients (all distribution channels).

This announcement does not constitute an offer of securities to the public in the United Kingdom. This announcement is only directed at (i) persons outside the United Kingdom, or (ii) persons with professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"), (iii) high net worth entities falling within Article 49(2) of the Order, (iv) and other persons to whom it may lawfully be communicated (all such persons together being referred to as "relevant persons"). This announcement must not be used or relied upon by any person who is not a relevant person. Any investment or investment activity to which this announcement relates is available only to relevant persons and will be engaged in only with relevant persons. Any person who is not a relevant person should not act or rely on this announcement or any of its contents.

This message is not intended to generate or support interest in any securities or promote their sale and, therefore, does not constitute an advertisement of securities in the Republic of Kazakhstan.

A RATING DOES NOT CONSTITUTE A RECOMMENDATION TO PURCHASE, SELL, OR HOLD SECURITIES AND MAY BE SUBJECT TO REVISION, SUSPENDED, OR WITHDRAWN AT ANY TIME BY THE RATING ENTITY. SIMILAR RATINGS FOR DIFFERENT TYPES OF ISSUERS AND FOR DIFFERENT TYPES OF SECURITIES DO NOT NECESSARILY MEAN THE SAME. THE MEANING OF EACH RATING SHOULD BE ANALYZED INDEPENDENTLY OF ANY OTHER RATING.

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[2026-04-20]