/KASE, April 28, 2020/ - Marganec Zhairema (Karaganda), whose shares are officially
listed on Kazakhstan Stock Exchange (KASE), has informed KASE of concluding major
deal by an official letter.
The mentioned information is available on KASE website (in Kazakh and Russian) at
http://www.kase.kz/files/emitters/MNZH/mnzh_big_deal_270420_37.pdf
Transaction details:
1) date of transaction: April 27, 2020;
2) subject of transaction, parties of the transaction: Supplementary Agreement
No. 2 to Agreement of Purchase and Sale of Subsoil Use Rights for Exploration and
Production of Manganese, Iron, Ferromanganese and Barite-Lead Ores of Ushkatyn-3
Deposit in Zhanaarka District of Karaganda Region of the Republic of Kazakhstan
No. 1 dated April 17, 2019 concluded between Zhairem Mining and Concentrating
Complex (as a Seller) and Marganec Zhairema (as a Buyer), on changing payment
termо under the contract (item 2.3. of the Agreement) with payment due date until
December 31, 2020.
4) the value of property, which is the subject of transaction as at the date of
the decision on making a transaction: 357,064,334
5) date of the decision on transaction: March 26, 2020;
6) date of latest valuation of the property, which is the subject of transaction:
April 1, 2019;
7) percentage ratio of the cost of property, which is the subject of transaction
to the total cost of assets as at the date of the decision on transaction: 30.18
8) other information: none
[2020-04-28]