FROM SEPTEMBER 23, 2020 KASE SUSPENDS CALCULATION OF INTER-BANK DEPOSIT MARKET INDICATOR KAZPRIME

/KASE, September 18, 2020/ – Kazakhstan Stock Exchange (KASE) announces that it is suspending the calculation and publication on KASE'S website of the values ​​of KazPrime – the indicator of Kazakhstan's inter-bank deposit market. The KazPrime indicator is an indicator of the value of money (Kazakh tenge) at placement on deposits of the inter-bank market among banks of the best credit quality in Kazakhstan. The KazPrime indicator was put into effect on March 27, 2007 on the basis of the Agreement on the formation of the KazPrime indicator (hereinafter – the Agreement), which was signed on March 20, 2007 by KASE and commercial banks operating in the Republic of Kazakhstan in accordance with the laws of the Republic of Kazakhstan (hereinafter – Participants). According to the Agreement, the Participants put their quotes (rates) in KASE's trading system for placing and attracting their interbank deposit. The number of Parties to the Agreement must be at least four and no more than ten. Said Agreement is valid as long as at least four Participants participate in it. At the time the KazPrime indicator was put into operation, six banks that signed the Agreement participated in its formation. Currently, the number of Participants has decreased to four. The suspension of the calculation and publication of the KazPrime indicator on KASE's website is due to the fact that on September 11, 2020, KASE received an application from one of the Participants, whereby he notified KASE of his exit from the Agreement from September 23, 2020. Thus, the number of Parties to the Agreement has decreased to three, which makes its further calculation contravening the terms of the Agreement. In the near future, KASE will conduct a set of measures aimed at joining of the Agreement by new participants and at restoring the formation of the KazPrime indicator. [2020-09-18]