News | AIX

Kazatomprom secondary offering

27.09.2019

Strong demand through AIX from both local and international investors

On September 26, 2019, Kazakhstan Sovereign Wealth Fund Samruk-Kazyna (“Samruk-Kazyna”) sold 9.86 million global depositary receipts (GDRs) representing interests in ordinary shares of JSC NAC “Kazatomprom” (Kazatomprom) by way of an accelerated bookbuild through the London Stock Exchange (“LSE”) and the AIX. Samruk-Kazyna has sold an aggregate of 9,863,021 GDRs (each GDR representing interests in 1 ordinary share of Kazatomprom) at a price of USD 13.00 per GDR. The breakdown of the sale was as follows:

Exchange	Investors	GDR's	Sales Proceeds (USD)	%
LSE		4,840,000	62,920,000	49
AIX		5,023,021	65,299,273	51
	International	1,660,000	21,580,000	17
	Local	3,363,021	43,719,273	34
Total		9,863,021	128,219,273	100

CEO of AIX, Tim Bennett, commented: “The results of the placement validate the decision to establish AIX as an integrated market for local and international investors in Kazakhstan and shows the progress AIX has made in developing the market over the past year. Not only was all the local investor demand satisfied, more than 50% of the demand for yesterday’s secondary offering came through AIX, with one-third of that demand coming from international investors”. In total local investors bought USD 43.7M in the secondary offering compared to USD 63.8M in Kazatomprom’s IPO in November 2018. Mr. Bennett commented: “This is a significant achievement and it reflects the good progress being made in developing the local investor base”. J.P. Morgan Securities plc acted as a sole global coordinator for the Placing and joint bookrunner in connection with the LSE Placing, Halyk Finance JSC is acted as coordinator of the AIX Placing and joint bookrunner of the AIX Placing, and Renaissance Capital is acted as joint bookrunner for the LSE Placing and the joint bookrunner for the AIX Placing, all of whom were responsible for arranging the offering for both international and domestic investors. Trading in shares of Kazatomprom and conditional trading of Global Depository Receipts of Kazatomprom commenced on AIX on the 14^th and the 19^th of November 2018, respectively, at a price of USD 11.60 per global depositary receipt. Reference information: AIX was formed in 2017 within the Astana International Financial Centre development framework. AIX shareholders are AIFC, Goldman Sachs, the Shanghai stock exchange, the silk Road Fund, and NASDAQ, which also provides the AIX trading platform. The exchange operates within a regulatory environment based on the principles of English common law, thus providing a reliable investment environment. The mission of AIX is to develop an active capital market in Kazakhstan and the region by providing clear and favorable conditions for attracting financing to private and public businesses. AIX develops special segments for mining companies as well as infrastructure projects under the Belt and Road initiative. More details: www.aix.kz AIFC. Astana International Financial Center (AIFC) was established on the initiative of the First President of the Republic of Kazakhstan Nursultan Nazarbayev. The constitutional law establishing the AIFC was signed on December 7, 2015. The aim of the AIFC is to form a leading center of international financial services. The objectives of the AIFC are to assist in attracting investments into the country's economy, create an attractive environment for investment in financial services, develop the securities market of the Republic of Kazakhstan and ensure its integration with international capital markets. www.aifc.kz Media Contact Yelena Pak Head of Communications Tel: +7 (7172) 23 53 94 Email: [email protected]

Reference: AIX was formed in 2017 within the Astana International Financial Centre development framework. AIX shareholders are AIFC, the Shanghai stock exchange, the Silk Road Fund, and NASDAQ, which also provides the AIX trading platform. The exchange operates within a regulatory environment based on the principles of English Law, thus providing a reliable investment environment. The mission of AIX is to develop an active capital market in Kazakhstan and the region by providing clear and favorable conditions for attracting financing to private and public businesses. AIX develops special segments for mining companies as well as infrastructure projects under the Belt and Road initiative. www.aix.kz The Astana International Financial Centre (AIFC) is an independent jurisdiction that started (AIFC) is an independent jurisdiction with a favourable legal and regulatory environment and a developed infrastructure for starting and doing business, attracting investment, creating jobs and developing Kazakhstan’s economy. https://aifc.kz/ The Eurasian Development Bank (EDB) is a multilateral development bank investing in Eurasia. For more than 18 years, the Bank has worked to strengthen and expand economic ties and foster comprehensive development in its member countries. By 2025, the EDB’s cumulative portfolio comprised 305 projects with a total investment of US $16.5 billion. The Bank’s portfolio consists principally of projects with an integration effect in transport infrastructure, digital systems, green energy, agriculture, manufacturing, and mechanical engineering. The Bank’s operations are guided by the UN Sustainable Development Goals and ESG principles.

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