TENIZ CAPITAL INVESTMENT BANKING JSC NOTIFIES ABOUT THE START OF ACCEPTING ORDERS FOR PARTICIPATION IN PLACEMENT OF DOLLAR EUROBONDS OF THE MINISTRY OF FINANCE OF THE REPUBLIC OF KAZAKHSTAN

/KASE, June 24, 2025/ – Teniz Capital Investment Banking JSC as a joint bookrunner provided the following notice to the Kazakhstan Stock Exchange (KASE): beginning of quote Teniz Capital JSC hereby announces the start of accepting orders from members of Kazakhstan Stock Exchange JSC for participation in the initial placement of bonds of the Ministry of Finance of the Republic of Kazakhstan (the Issuer), issued in accordance with legislation of a foreign state (hereinafter, the Eurobonds). All orders from investors are accepted through the ASTS+ trading and clearing system (stock market) (hereinafter, the trading and clearing system) on KASE. Acceptance of orders from potential investors through the trading and clearing system on KASE begins simultaneously with the start of placement of the Eurobonds in the territory of a foreign state, under the same conditions for placement of the Eurobonds (including conditions for determining the price of their placement) as when they are placed in the territory of a foreign state. Local Bookrunner on KASE: Teniz Capital (partner code RG_S_) Joint Bookrunners: Citi, J.P. Morgan, Societe Generale, Teniz Capital, Halyk Finance ----------------------------------------------------------------------------------------------- EUROBONDS PARAMETERS: ------------------------------- --------------------------------------------------------------- Issuer name: Ministry of Finance of the Republic of Kazakhstan Issuer ratings: Baa1 (stable) / BBB (stable) from Moody’s / Fitch Brief description of Eurobonds: Senior unsecured Eurobonds issued under the English law and placed in accordance with Rule 144A and Regulation S Circulation period: 7 years and 12 years Collateral: unsecured Yield to maturity determined after collecting the orders is determined after from investors. The benchmark indicative yield collection of orders: to maturity for Eurobonds is around 5.25% / 5.625% Expected nominal at least 500 mln US dollars volume of issue: Issue currency: US dollar Settlement currency: All settlements on Eurobonds (including settlements at the initial placement, coupon and principal payments are made in US dollars) Denomination: 200,000 (two hundred thousand) US dollars or a greater amount multiple of 1,000 (one thousand) US dollars Applicable law: English law Listing: Kazakhstan Stock Exchange JSC, Astana International Exchange, London Stock Exchange. Clearing settlement: Euroclear ----------------------------------------------------------------------------------------------- PROCEDURE FOR OFFERING THE EUROBONDS FOR PURCHASE IN KAZAKHSTAN: ----------------------------------------------------------------------------------------------- Order acceptance day: June 24, 2025 Order acceptance start time: 14:00 Almaty time Order acceptance end time: 18:00 Almaty time Expected settlement date: July 3, 2025 Settlements for the initial placement are made in US dollars Order price: The yield to maturity is indicated, expressed as a percentage per annum (in the "Reference" field). The price in the order is indicated as 100 (for technical purposes only). In case of submitting the market orders, the price is indicated as "At the counterparty's price". Order volume: Order volumes must be specified in US Dollars. Minimum order volume – 200,000 (two hundred thousand) US dollars or a greater amount multiple of 1,000 (one thousand) US dollars ----------------------------------------------------------------------------------------------- Conditions of Eurobonds settlement: By submitting a purchase order, a trading participant agrees to blocking by KASE Clearing Center JSC (hereinafter, the CCP) of the single-limit collateral with subsequent delivery of money by the trading participant to the CCP's account in the CD no later than 16:00 on July 2, 2025 (T+6) if the submitted purchase order is executed. If the submitted purchase order is executed, the responsibility for delivery of money to the CCP's account in the CD no later than 16:00 on July 2, 2025 (T+6) lies with the trading participant that submitted the purchase order. The buyer is responsible for accuracy of the information specified in the buyer's order. For all questions and additional information please contact the representatives of Teniz Capital Investment Banking JSC using the following contact details: +7 776 306 7727 +7 775 714 81 65 treasury@tenizcap.kz ib@tenizcap.kz end of quote [2025-06-24]