As of March 11, 2019 amendments to Automatic Repo Market Specification to be put into effect

Monday, 11 March 2019

Following a decision of Kazakhstan Stock Exchange
(KASE) Management Board dated March 7, 2019, changes and additions No. 12
(amendments) to KASE internal document “Automatic Repo Market Specification”
(the Specification) were approved, with effect as of March 11, 2019.

Said amendments stipulate that debt securities can be included in the GS basket
whose issuers has a rating not lower than “BBB-” on the international scale of
the rating agency Standard & Poor’s or a similar rating on the international
scale of other rating agencies, and 100 % of voting shares of the issuer belong
to the National Bank of the Republic of Kazakhstan.