KASE’s Board of Directors approves revised Rules of offering of government treasury obligations

Following a decision of the Board of Directors of
Kazakhstan Stock Exchange (KASE) dated March 19, 2019 the revised internal
document of KASE named “Rules of offering of government treasury obligations”
(the Rules) was approved.

The Rules will come into effect after the improvement of KASE’s information
systems, which will be communicated later.

The revised Rules provide for the possibility of initial offering of government
treasury obligations of the Republic of Kazakhstan (GTO) according to the
settlement scheme Т+2, with the possibility of settlements at offering of GTOs
according to scheme Т+0. The GTO issuer chooses the settlement scheme at
offering.

As of the effective date of the revised Rules the current Rules will be deemed
invalid.

The revised Rules will be soon released on KASE website.