/KASE, August 4, 2020/ – Freedom Holding Corp. (Salt Lake City), whose shares are officially listed on the Kazakhstan Stock Exchange (KASE), has provided KASE with the press release dated August 4, 2020, which states as follows:

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Freedom Finance has entered into a sales contract under which it plans to acquire 100% of ordinary shares of the bank owned by ForteBank.

The transaction will be completed after receiving approval from the Committee for Regulation of Natural Monopolies of the Ministry of National Economy of Kazakhstan, the Agency for the Regulation and Development of the Financial Market and the parties' compliance with the terms of the transaction. After the the purchase, the asset will be part of Freedom Holding Corp. as a subsidiary of Freedom Finance.

Bank Kassa Nova will continue to operate as usual and the planned changes in the bank's activities will be made after the completion of the deal.

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Full version of the press release is available on the KASE website see more

[2020-08-04]