/KASE, July 8, 2026/ – As announced earlier, on July 1, 2026, Kazakhstan Stock Exchange's (KASE) trading system hosted an additional placement of international bonds XS3358410002, US05709XAA81 (KASE's main board, bonds category, BTRKe6, $500 mln, 06.05.26 – 06.05.33; semi-annual coupon, 5,20% per annum; 30/360) of National Investment Holding Baiterek JSC through subscription to them. Below are the demand parameters and results of subscription on KASE.

Halyk Finance JSC acted as joint lead manager and bookrunner on KASE during subscription to the specified bonds.

DEMAND PARAMETERS:

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Number of participants:                                5               
Number of orders submitted (total / active):           10 / 10         
including:                                                             
– limit:                                               10 / 10         
– market:                                              0 / 0           
Volume of active orders*, mln US dollar,               35.9            
including:                                                             
– limit:                                               35.9            
– market:                                              0.0             
Clean price in submitted orders, % of par (for all / active):          
– minimum                                              98.5826         
– maximum                                              98.8626         
– weighted average                                     98.5865         
Yield on submitted orders, % per annum (for all / active):             
– minimum                                              5.4000          
– maximum                                              5.4500          
– weighted average                                     5.4493          
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* active orders – orders that have not been cancelled by the trading   
  participants at the time of the order submission period expiration,  
  including those confirmed by participants of the Confirmation System.

Of the total volume of active orders, the banks accounted for 36.0%, other institutional investors accounted for 54.0%, other legal entities accounted for 8.3%, and individuals accounted for 1.7%.

PLACEMENT RESULTS:

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Volume of executed orders, bonds:                  32,900,000  
Volume of executed orders, US dollar:              32,728,115.8
Number of executed orders:                         10          
Number of participants which orders were executed: 5           
Clean price in executed orders, %                  98.5820     
of par:                                                        
Bond yield to maturity for the buyer,              5.4500      
% per annum:                                                   
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In terms of the main categories of investors during placement, 39.5% of the total volume was purchased by banks, 49.5% by other institutional investors, 9.1% by other legal entities and 1.8% by individuals.

According to data from Central Securities Depository JSC, the transactions after subscription to the specified bonds on KASE were settled by the time of publication of this information, and the subscription was completed.

Please note that the additionally issued Eurobonds have been assigned a temporary ISIN that is different from the ISIN assigned in May 2026 to the initially placed Eurobonds in the amount of $500 mln. The temporary ISIN is valid for 40 days from the date of additional placement of Eurobonds (July 8, 2026). Assignment of temporary ISIN is required under the applicable US securities legislation to distinguish the additionally issued Eurobonds, which American investors cannot purchase for 40 days after the issue date, from the originally issued bonds. After this 40-day period, the additionally issued Eurobonds will be combined with the initially placed Eurobonds, and all Eurobonds, regardless of their issue date, will be traded under the same ISIN assigned to the initially placed Eurobonds.

[2026-07-08]