Subscription to Eurobonds XS2012983693 of the European Bank for Reconstruction and Development with seven-year maturity will be held on KASE on June 19
/KASE, June 14, 2019/ – Kazakhstan Stock Exchange (KASE, or the Exchange) announces 
that an initial offering of Eurobonds XS2012983693 of the European Bank for 
Reconstruction and Development will be conducted in KASE trading system on June 
19, 2019 by way of subscription to them. These bonds will mature in seven years.

The issuer has AAA/Aaa/AAA ratings from S&P, Moody's and Fitch respectively, the 
outlook "Stable".

Tengri Capital MB (hereinafter – the Seller) will act as the seller during the 
subscription to these bonds.

The nominal volume of bonds being offered – up to KZT60,000,000,000.

A price in an order should stipulate the value of a fixed margin to the semi-annual  
coupon rate as percentage of the face value of the bond with accuracy of up to  
second decimal place. In the case of market bids, the "market yield" is indicated  
as the price. The semi-annual coupon rate depends on the inflation rate in 
Kazakhstan.

The number of financial instruments in an order must be represented by the nominal 
volume in tenge.  The minimum lot is KZT1,000.

Orders for the subscription will be received on June 19, 2019 from 11:00 to 13:00  
Almaty time (ALT). Limit and market orders submitted to KASE trading system by 
the closed method will be accepted during the subscription. Market order execution 
rate - 30%.

The date of providing the register of orders accepted by the Exchange to the 
Seller is June 19, 2019; the date of providing the register of executed orders
by the Seller to the Exchange is June 19, 2019; the settlement date is June 21,
2019. Settlements are carried out by the Central Securities Depository JSC.

Orders for participation in the subscription are submitted to the Exchange only 
through KASE members of "stock market" category.  Full list of KASE members by 
category is available on http://www.kase.kz/en/membership

According to this subscription's terms the additional information on the investor  
disclosed to the Seller of said bonds must include the surname, first name, 
patronymic (if available) of an individual or the name of a legal entity.

The Rules of Subscription to Securities are available on KASE website (in Russian) – 
http://kase.kz/files/normative_base/rules_ipo.pdf

[2019-06-14]