/KASE, February 7, 2020/ – A special trading session for the offering of bonds KZ2C00006385 (KAFIb9, KZT1,000, KZT20.0 bn; December 24, 2019 – December 24, 2024; 30/360) of KazAgroFinance (Nur-Sultan) was held in the trading system of Kazakhstan Stock Exchange (KASE) today. Below are parameters of the bid and results of the special trading session.

BID PARAMETERS:

------------------------------------------------------------------------ ------------------------------------------
Number of participants:                                                  3                                         
Number of orders submitted (on all / active),                            4 / 4                                     
including:                                                                                                         
– limit:                                                                 4 / 4                                     
– market:                                                                0                                         
Volume of active orders*, mln tenge:                                     1,036.5                                   
– limit:                                                                 1,036.5                                   
– market:                                                                0                                         
Bid to ask, %:                                                           105.9                                     
"Clean" price on the orders submitted, %                                 96.4335                                   
of face value (all / active):                                                                                      
Yield on the order submitted, %                                          13.0000                                   
APR (all / active):                                                                                                
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* active orders – orders not annulled by trade participants at                                                     

expiry of order submission period including those confirmed by Confirmation System participants.

In the total amount of active orders, brokerage and dealing firms

accounted for 56.7 %, other institutional investors – for 14.4 %,

other legal entities – for 28.9 %, individuals – for less than 0.1 %.

OFFERING RESULTS:

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Volume of orders executed, bonds:                                        1,059,102                                 
Volume of orders executed, tenge:                                        1,036,509,589.2                           
Number of orders executed:                                               4                                         
Number of participants, whose orders                                     3                                         
were executed, %:                                                                                                  
Volume of orders executed, % of plan:                                    105.9                                     
"Clean" price in orders executed, %                                      96.4335                                   
 of face value:                                                                                                    
Yield of bonds to maturity for buyer, % APR:                             13.0000                                   
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According to the Central Securities Depository (Almaty), the deals on this offering by the end of settlement based on the trading results, were fully executed.

OFFERING TERMS:

--------------------------------- ----------------------------
Trade date:                       February 7, 2020            
Current maturity:                 4.9 years (1,757 days)      
Announced offering volume, tenge: 1,000,000,000               
Lot size, pieces:                 1                           
Trade subject:                    "clean" price               
Purchase order types:             limit                       
Order submission method:          closed                      
Order collection period:          11:30–13:30                 
Order confirmation period:        11:30–14:00                 
Striking time:                    15:00 (Т+0)                 
Payment date:                     February 7, 2020, 15:00     
Order cut-off method:             orders are cut-off, whose   
                                  prices are equal to or      
                                  below the cut-off price     
Order execution method:           at the cut-off price; at the
                                  time of acceptance          
                                  of offset orders            
Trade initiator:                  Freedom Finance (Almaty)    
Trading system sector:            Debts_List_ST1              
Trading system group:             Bonds_ST1_M                 
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[2020-02-07]