FREEDOM FINANCE AND FIRST HEARTLAND SECURITIES NOTIFY OF START OF COLLECTING ORDERS FOR PARTICIPATION IN OFFERING OF EUROBONDS OF SOVEREIGN WEALTH FUND "SAMRUK-KAZYNA"

/KASE, October 21, 2021/ – Freedom Finance JSC (Almaty) has provided KASE with the following notice: quote THIS MESSAGE IS NOT INTENDED FOR ISSUE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR THROUGH INTERMEDIARIES, IN WHOLE OR IN PART, IN THE UNITED STATES OF AMERICA, (EXCEPT AS INDICATED BELOW), JAPAN, CANADA, AUSTRALIA OR ANY OTHER JURISDICTION WHERE THIS ACTION WILL BE DEEMED UNLAWFUL Hereby, Freedom Finance JSC and First Heartland Securities JSC, acting as Kazakhstan Lead Managers and Bookrunners, announce the start of collecting orders from members of Kazakhstan Stock Exchange JSC for participation in the initial offering of Eurobonds of Sovereign Wealth Fund "Samruk-Kazyna" JSC (the Issuer), being issued in accordance with the legislation of a foreign state (hereinafter – the Eurobonds). All orders from investors are accepted through the "Subscription" trading system on KASE. Collection of orders from potential investors through the "Subscription" trading system on KASE begins simultaneously with the offering of the Eurobonds on the territory of a foreign state, on the same terms for determining the offering price of the Eurobonds as when offering them on the territory of a foreign state, taking into account possible peculiarities inherent in the respective securities markets. Joint Lead Managers: Citigroup Global Markets Limited, MUFG Securities EMEA plc, UBS AG London Branch, VTB Capital plc Kazakhstan Lead Managers: First Heartland Securities JSC, Freedom Finance JSC. BOND PARAMETERS: ------------------------------------------------------------------------------- Issuer's name: Sovereign Wealth Fund "Samruk-Kazyna" JSC Expected issue ratings: BBB- (S&P) / BBB (Fitch) Issuer ratings: BBB- (S&P) / Baa2 (Moody's) / BBB (Fitch) Brief description of bonds: international bonds of senior unsecured debt, issued under English law and offered in accordance with Rule 144A and Regulation S. Stabilization according to FCA/ICMA Circulation term/redemption date: 5 years/ October 28, 2026 Debt type: senior unsecured Yield to maturity: Determined by results of the collection of investor orders. Benchmark of indicative yield to maturity on the Eurobonds – 2.5 % per annum. The final yield will be set within the specified range. Coupon: fixed with half-annual payment, 30/360 Issue currency: US dollar Settlement currency: All settlements on the Eurobonds (including settlements at the initial offering, coupon and principal payments) are made in US dollars Minimum lot: 200,000 (two hundred thousand) US dollars or higher face value, multiple of 1,000 (one thousand) US dollars Listing: Kazakhstan Stock Exchange, Astana International Exchange and London Stock Exchange Clearing: Euroclear / Clearstream; DTC Purpose of proceeds: Refinancing of existing debt on syndicated and bank loans and general corporate purposes --------------------------------------------------------------------------------- PROCEDURE FOR OFFERING BONDS FOR PURCHASE IN KAZAKHSTAN: --------------------------------------------------------------------------------- Order collection date: October 21, 2021 Order collection start time: 15:45 Almaty time Order collection end time: 20:00 Almaty time Expected date for determining October 21, 2021 the price and volume of executed investor orders: Expected settlement date: October 28, 2021 Order price: yield to maturity, expressed as a percentage per annum, is indicated in the order as the price. In the case of market orders, the "yield at market" is indicated as the price Order volume: volumes of orders must be indicated in US Dollars at par. The minimum order volume is 200,000 (two hundred thousand) US dollars at par or with a higher volume at par, multiple of 1,000 (one thousand) US dollars --------------------------------------------------------------------------------- Terms of settlement of the Eurobonds: By submitting a purchase order, the buyer thereby confirms that he has money to pay for the Eurobonds he buys on an existing brokerage account with Freedom Finance JSC or First Heartland Securities JSC or that he has an active trading line with a counterparty represented by Citigroup Global Markets Limited or MUFG Securities EMEA plc, or UBS AG London Branch, or VTB Capital plc, and assumes responsibility for the implementation of settlements in the event that his order is executed. If the submitted purchase order is executed, the responsibility for the execution (settlement) lies with the trading participant who submitted the purchase order. For all questions, please contact the following representatives of Freedom Finance JSC and First Heartland Securities JSC: Renat Syzdykov, tel. +7 (727) 311-10-64 (ext. 616), e-mail: Renat.Syzdykov@ffin.kz Ainura Jumadilova, tel. +7 (727) 311-10-64 (ext. 502), e-mail: Ainura.Jumadilova@ffin.kz Zhanna Tulekova, tel. +7 7172 644 000 (ext. 800), Z.Tulekova@fhs.kz Aya Aldabergenova, tel. +7 7172 644 000 (ext. 800), A.Aldabergenova@fhs.kz THE MANUFACTURER'S TARGET MARKET (IN ACCORDANCE WITH MIFIR) ARE EXCLUSIVELY QUALIFIED CONTRACTORS AND PROFESSIONAL CLIENTS (ALL DISTRIBUTION CHANNELS). NO KEY INFORMATION DOCUMENT IN THE EUROPEAN ECONOMIC AREA AND IN THE UNITED KINGDOM ON RETAIL AND INSURANCE STRUCTURED INVESTMENT PRODUCTS (PRIIPS) IS NOT PREPARED BECAUSE BONDS ARE NOT AVAILABLE FOR THE RETAIL SEGMENT IN THE EUROPEAN ECONOMIC ZONE OR IN THE UNITED KINGDOM. THIS MESSAGE IS NOT INTENDED FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR VIA INTERMEDIARY IN THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, OR JAPAN. THE MATERIALS ARE NOT AN OFFER OF SECURITIES FOR SALE IN THE USA, AND CANNOT BE OFFERED OR SOLD IN THE USA WITHOUT REGISTRATION OR REGISTRATION EXEMPTION, AS PROVIDED BY THE 1933 US SECURITIES ACT, AS AMENDED BY REGULATIONS AND RELATED PROVISIONS. THERE IS NO INTENTION TO REGISTER ANY PART OF AN OFFER IN THE USA OR MAKE A PUBLIC SECURITIES OFFER IN THE USA, AND SECURITIES WILL BE OFFERED FOR SALE IN THE USA ONLY TO "QUALIFIED INSTITUTIONAL BUYERS" (QIBs), AS IT IS DEFINED IN REGULATION 144A OF THE US SECURITIES ACT, 1933, AS AMENDED, WHICH ARE ALSO "QUALIFIED PURCHASERS" (QPs), AS DEFINED IN SECTION 2 (A) (51) OF THE INVESTMENT COMPANIES ACT OF 1940, AS AMENDED, AND WILL BE OFFERED FOR SALE OUTSIDE THE US ONLY TO NON-US CITIZENS, PURSUANT TO PROVISION S OF THE US SECURITIES ACT 1933, AS AMENDED. THIS ANNOUNCEMENT IS NOT AN OFFER FOR SALE OR ISSUE OF SECURITIES OR AN OFFER TO PURCHASE, AND THERE CAN ALSO BE NO SALE OF SECURITIES REFERRED TO IN THIS DOCUMENT IN ANY JURISDICTION, IN WHICH AN OFFER, OFFERING OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION, REGISTRATION EXEMPTION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION. THE OFFER AND DISTRIBUTION OF THIS NOTICE AND OTHER INFORMATION REFERRED TO IN THIS DOCUMENT MAY BE LIMITED BY LAW, AND PERSONS TO WHOSE OWNERSHIP THIS MESSAGE OR SUCH OTHER INFORMATION ARRIVE, MUST REVIEW THE APPLICABLE RESTRICTIONS AND MUST OBSERVE SUCH RESTRICTIONS. FAILURE TO OBSERVE THESE RESTRICTIONS MAY CONSTITUTE A VIOLATION OF SECURITIES LAW UNDER ANY SUCH JURISDICTION. RECIPIENTS OF THIS ANNOUNCEMENT WHO INTEND TO PURCHASE ANY SECURITIES IN THE FUTURE SHOULD REMEMBER THAT ANY SUCH PURCHASE OR SUBSCRIPTION MUST BE DONE ONLY ON THE BASIS OF INFORMATION, CONTAINED IN THE FINAL VERSIONS OF THE BASIC PROSPECTUS OF THE PROGRAM AND PROSPECTUS OF ISSUE PUBLISHED IN RELATION TO ANY SUCH SECURITIES.THIS ANNOUNCEMENT HAS NOT BEEN PREPARED OR APPROVED BY ANY AUTHORIZED PERSON IN THE CONTEXT OF SECTION 21 OF GREAT BRITAIN LAW BY THE AUTHORIZED PERSON FOR PURPOSES OF SECTION 21 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000, IN THE CURRENT VERSION ("THE ACT"). THIS ANNOUNCEMENT IS NOT DISTRIBUTED AND SHOULD NOT BE DISTRIBUTED TO PUBLIC IN THE UNITED KINGDOM OR TO PERSONS FROM THE UNITED KINGDOM, EXCEPT WHEN SECTION 21 (1) OF THE ACT DOES NOT APPLY. THIS ANNOUNCEMENT IS GOING TO PERSONS WHO ARE (A) OUTSIDE THE UK OR (B) ARE IN THE TERRITORY OF THE UK AND (I) HAVE A PROFESSIONAL IN ISSUES REGARDING INVESTMENTS, SUBJECT TO ARTICLE 19 (5) OF THE ORDER (PROMOTION OF FINANCIAL SERVICES) 2005 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 ("ORDER"), EITHER (II) SUBJECT TO ARTICLE 49(2)(A)-(D) OF THE ORDER (PERSONS WITH LARGE EQUITY AND OTHER PERSONS TO WHICH IT IS LEGALLY PERMITTED TO TRANSFER THIS ANNOUNCEMENT), EITHER (III) ARE PERSONS TO WHICH THIS ANNOUNCEMENT MAY BE DIRECTED WITHOUT VIOLATION OF SECTION 21 OF THE ACT (ALL SUCH PERSONS LISTED IN PARTS (I), (II) AND (III) ABOVE ARE REFERRED TO AS "RELEVANT PERSONS"). THIS ANNOUNCEMENT SHOULD NOT APPLY TO PERSONS WHO ARE NOT THE RELEVANT PERSONS, OR BE SENT TO PERSONS WHICH ARE NOT THE RELEVANT PERSONS. ANY INVESTMENT OR INVESTMENT ACTIVITIES TO WHICH THIS ANNOUNCEMENT RELATES, WILL BE AVAILABLE EXCLUSIVELY TO THE RELEVANT PERSONS AND WILL ONLY BE CARRIED OUT WITH THE RELEVANT PERSONS. IN THE MEMBER STATES OF THE EUROPEAN ECONOMIC AREA, THIS ANNOUNCEMENT IS INTENDED ONLY FOR PERSONS WHO ARE "QUALIFIED INVESTORS" IN ACCORDANCE WITH THE REGULATION ON PROSPECTUSES (EU REGULATION 2017/1129). THIS ANNOUNCEMENT IS AN ADVERTISEMENT AND NOT A PROSPECTUS FOR PURPOSES OF EU REGULATION 2017/1129, BEING PART OF THE APPLICABLE EU LEGISLATION AS DEFINED IN THE EUROPEAN UNION AGREEMENT ACT 2018. THE BASIS PROSPECTUS OF THE PROGRAM OF APRIL 26, 2021, THE FINAL VERSION OF THE PROSPECTUS OF BONDS AND FINAL TERMS OF THE BOND ISSUE, AFTER PUBLICATION, WILL BE AVAILABLE ON: HTTP://WWW.LONDONSTOCKEXCHANGE.COM/ THE RATING DOES NOT PROVIDE A RECOMMENDATION TO BUY, SELL OR HOLD SECURITIES AND MAY BE REVISED, SUSPENDED OR WITHDRAWN AT ANY TIME BY THE ORGANIZATION THAT ISSUED SUCH RATING. SIMILAR RATINGS FOR DIFFERENT ISSUERS AND DIFFERENT TYPES OF SECURITIES DO NOT NECESSARILY MEAN THE SAME. THE IMPORTANCE OF EACH RATING MUST BE ANALYZED REGARDLESS OF ANY OTHER RATING. unquote [2021-10-21]