Kcell terminates network sharing agreement with Kar-Tel LLP

/KASE, April 16, 2019/ – Kcell (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following communiqué of April 15, 2019: quote Kcell Joint Stock Company ("Kcell" or "Company") (LSE, KASE: KCEL), the leading provider of mobile telecommunications services in Kazakhstan, has received a written notice ("the Notice") from Kar-Tel LLP terminating its cooperation under the Network Sharing Agreement in Kazakhstan dated 29 August 2016 ("the Agreement"). The termination follows a change in control of Kcell after Kazakhtelecom JSC acquired 75 percent of Kcell's shares. This has resulted in a termination penalty of KZT 14.5 billion which Kcell is obliged to pay within 30 calendar days. The parties will agree on the period of withdrawal from the Agreement in a due course. Enquiries: Kcell Investor Relations Irina Shol, tel. +7 727 2582755, ext. 1002 Investor_relations@kcell.kz Media Natalya Eskova, tel. +7 727 2582755, ext. 1902 Pressa@kcell.kz International Media Instinctif Partners tel. +44 207 457 2020 Kay Larsen / Galyna Kulachek unquote [2019-04-16]