HALYK FINANCE JSC ANNOUNCES A TELECONFERENCE ON APRIL 2, 2024 FOR POTENTIAL INVESTORS FROM KAZAKHSTAN AS PART OF A POSSIBLE ISSUANCE OF EUROBONDS AND REDEMPTION OF EUROBONDS OF DEVELOPMENT BANK OF KAZAKHSTAN JSC

/KASE, April 2, 2024/ – Subsidiary organization of Halyk Bank of Kazakhstan "Halyk Finance" JSC (in the heading – Halyk Finance JSC) as a joint bookrunner has provided Kazakhstan Stock Exchange (KASE) with the following notice: quote THIS NOTICE IS NOT INTENDED FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN THE UNITED STATES OF AMERICA (EXCEPT TO QUALIFIED INSTITUTIONAL BUYERS (QIBs), WHO ARE ALSO QUALIFIED PURCHASERS (QPs, AS DEFINITED BELOW) AND ALSO IN CANADA, AUSTRALIA OR JAPAN Development Bank of Kazakhstan JSC (DBK"), a national development institution of the Republic of Kazakhstan with 100% state participation, having a rating of Baa2 (positive) on Moody's scale, BBB (stable) on Fitch's scale, and BBB- (stable) on S&P's scale, has authorized Citi, Halyk Finance, J.P. Morgan, Mashreq and Societe Générale to act as Joint Bookrunners and organize calls with global and Kazakh investors on April 2, 2024, as well as a series of individual calls/meetings with investors, starting April 2, 2024 of the year. Subsequently, depending on market conditions, there will be an issue of senior unsecured Eurobonds denominated in US dollars in accordance with the rules of Reg S/144A with a maturity of 3 years. J.P. Morgan is acting as the Development Finance Structuring Agent for the issuance of US dollar denominated Eurobonds. In addition, DBK will consider a potential offering of senior unsecured Eurobonds denominated in tenge in accordance with the rules of Reg S/144A (with all amounts payable in US dollars) with a maturity of 3 years, issued in accordance with DBK's Green and Sustainable Development Framework, depending on market conditions. Opinions on the compliance of the terms of the bond issue with the principles of sustainable development bonds (Second Party Opinion) were provided by Sustainable Fitch and the AIFC Green Finance Center. Citi serves as the Sole Sustainability Structuring Bank. Additionally, DBK announces an invitation to holders of its two issues of outstanding bonds: the first issue with a coupon rate of 5.75% and maturing in 2025 (Reg S: XS2472852610 / 144A: US48129VAA44); and the second issue with a coupon rate of 10.75% and maturing in 2025 (Reg S: XS2106835262) to take part in the tender for the redemption of bonds for cash in the principal amount of up to 500 million US dollars and 62.5 billion tenge, respectively. The early bird closing date is April 15, 2024, pursuant to the offer to purchase dated April 2, 2024. Citi, Halyk Finance, J.P. Morgan, Mashreq and Societe Générale are acting as Joint Dealer Managers for the tender. FCA/ICMA stabilization is applied. Halyk Finance JSC, acting as a Joint Bookrunner, announces a teleconference for potential investors from Kazakhstan, which will take place on April 2, 2024 at 15:00 Astana time. For all questions, as well as in order to register for the teleconference for investors from Kazakhstan, please turn to representatives of Halyk Finance JSC at the following contacts: +7 (727) 339-43-77/88 (ext. 3373, 3327, 3356), ib@halykfinance.kz. A link to the teleconference will be sent to registered participants via e-mail. THE MANUFACTURER'S TARGET MARKET (IN ACCORDANCE WITH UK MIFIR) ARE EXCLUSIVELY QUALIFIED CONTRACTORS AND PROFESSIONAL CLIENTS (ALL DISTRIBUTION CHANNELS). NO KEY INFORMATION DOCUMENT IS PREPARED FOR THE EUROPEAN ECONOMIC AREA AND THE UNITED KINGDOM FOR RETAIL AND INSURANCE STRUCTURED INVESTMENT PRODUCTS (PRIIPS) AS THE BONDS ARE NOT AVAILABLE TO RETAIL SEGMENT IN THE EUROPEAN ECONOMIC AREA OR IN THE UNITED KINGDOM. THIS COMMUNICATION IS NOT INTENDED FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR THROUGH INTERMEDIARIES, IN THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA OR JAPAN. THE MATERIALS DO NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES, AND CANNOT BE OFFERED OR SOLD IN THE UNITED STATES WITHOUT REGISTRATION OR AN EXEMPTION FROM REGISTRATION AS PROVIDED BY THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AND RULES AND APPLICABLE PROVISIONS. THERE IS NO INTENT TO REGISTER ANY PORTION OF THE OFFERING IN THE U.S. OR TO CONDUCT A PUBLIC OFFERING OF THE SECURITIES IN THE U.S. AND THE SECURITIES WILL BE OFFERED FOR SALE IN THE U.S. ONLY TO "QUALIFIED INSTITUTIONAL BUYERS" ("QIBs") AS DEFINED IN THE RULE 144A OF THE US SECURITIES ACT OF 1933, AS AMENDED, WHICH ALSO ARE "QUALIFIED PURCHASERS" (QPs) AS DEFINED IN SECTION 2(A)(51) OF THE INVESTMENT COMPANY ACT OF 1940, AS AMENDED, AND WILL BE OFFERED FOR SALE ONLY TO PERSONS OUTSIDE THE US TO NON-US CITIZENS, PURSUANT TO REGULATION S OF THE US SECURITIES ACT OF 1933, AS AMENDED. THIS ANNOUNCEMENT IS NOT AN OFFER FOR SALE OR ISSUANCE OF SECURITIES OR A SOLICITATION OF AN OFFER TO PURCHASE, NOR THE SECURITIES REFERRED HEREIN MAY BE SOLD IN ANY JURISDICTION IN WHICH SUCH OFFER OR SALE WOULD BE ILLEGAL PRIOR TO REGISTRATION, EXEMPTION FROM REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION. THE OFFERING AND DISTRIBUTION OF THIS NOTICE AND OTHER INFORMATION REFERRED HEREIN MAY BE RESTRICTED BY LAW, AND TO PERSONS WHO TAKE POSSESSION OF THIS MESSAGE OR SUCH OTHER INFORMATION MUST GET ACQUAINTED WITH THE APPROPRIATE LIMITATIONS AND MUST COMPLY WITH SUCH LIMITATIONS. FAILURE TO COMPLY WITH THESE LIMITATIONS MAY CONSTITUTE A VIOLATION OF SECURITIES LAWS IN ANY SUCH JURISDICTION. THIS ANNOUNCEMENT IS SENT EXCLUSIVELY TO PERSONS WHO ARE (A) LOCATED OUTSIDE THE UK OR (B) LOCATED WITHIN THE UK AND (I) ARE PROFESSIONAL INVESTORS AS DEFINED IN ARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) OF THE ORDER 2005 ("ORDER"), EITHER (II) ARE SUBJECT TO ARTICLE 49(2)(A)-(D) OF THE ORDER (PERSONS WITH MAJOR EQUITY CAPITAL AND OTHER PERSONS WHO ARE LEGALLY AUTHORIZED TO TRANSFER THIS ADVERTISING), OR (III) ARE PERSONS TO WHOM THIS ANNOUNCEMENT CAN BE DIRECTED WITHOUT VIOLATION OF SECTION 21 OF THE ACT (ALL SUCH PERSONS LISTED IN PARAGRAPHS (I), (II) AND (III) ABOVE ARE HEREINAFTER REFERRED TO AS "RELEVANT PERSONS"). THIS ANNOUNCEMENT SHOULD NOT APPLY TO PERSONS WHO ARE NOT RELEVANT PERSONS OR DIRECTED TO PERSONS WHO ARE NOT RELEVANT PERSONS. ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS NOTICE RELATES, WILL BE AVAILABLE EXCLUSIVELY TO RELEVANT PERSONS AND WILL BE DONE ONLY WITH RELEVANT PERSONS. IN MEMBER STATES OF THE EUROPEAN ECONOMIC AREA, THIS ANNOUNCEMENT IS INTENDED ONLY FOR PERSONS WHO ARE "QUALIFIED INVESTORS" PURSUANT TO THE PROSPECTUS REGULATION (EU REGULATION 2017/1129). THIS ANNOUNCEMENT IS NOT AN ADVERTISING, NOR IS IT A PROSPECTUS FOR THE PURPOSE OF THESE REGULATIONS. SINGAPORE SFA PRODUCT CLASSIFICATION: THE ISSUER HAS DETERMINED AND HEREBY NOTIFIES ALL RELEVANT PERSONS (AS DEFINED IN SECTION 309A(1) OF THE SFA) THAT THE SECURITIES REFERRED HEREIN ARE A "DESIGNATED PRODUCTS IN CAPITAL MARKETS" (AS DEFINED IN THE SINGAPORE SECURITIES AND FUTURES (CAPITAL MARKETS PRODUCTS) REGULATIONS 2018) AND EXEMPTED INVESTMENT PRODUCTS (AS DEFINED BY THE SINGAPORE MONETARY AUTHORITY, NOTICE SFA 04-N12: NOTICE OF SALE OF INVESTMENT PRODUCTS AND MAS NOTICE FAA-N16: NOTICE OF RECOMMENDATIONS FOR INVESTMENT PRODUCTS). A RATING DOES NOT CONSTITUTE A RECOMMENDATION TO BUY, SELL OR HOLD SECURITIES AND MAY BE REVIEWED, SUSPENDED OR WITHDRAWN AT ANY TIME BY THE ORGANIZATION ASSIGNING SUCH RATING. SIMILAR RATINGS FOR DIFFERENT TYPES OF ISSUERS AND DIFFERENT TYPES OF SECURITIES DO NOT NECESSARILY MEAN THE SAME THING. THE SIGNIFICANCE OF EACH RATING MUST BE ANALYZED INDEPENDENTLY OF ANY OTHER RATING. unquote [2024-04-02]