BRIEFLY ABOUT KEGOC

• - Ensuring reliable functioning of the UES of Kazakhstan in the conditions of energy transition


• - Ensuring sustainable development in accordance with ESG principles


• - Increase in net asset value

Facts

• - 387 Power transmission lines with a voltage of up to 1150 kV with a length of about 27 thousand km


• - 82 Electrical substations with a voltage of 35-1150 kV and an installed capacity of 39 GVA


• - Dividends for H1 2023: KZT 20.2 billion


• - Dividends since the IPO in 2014: KZT 218 billion


• - Company Assets: KZT 987 billion


• - Corporate governance rating: BBB


• - ESG Rating: 51

Group Structure

INVESTMENT APPEAL FACTORS

• - National Electric Power Company, performing the functions of a System operator of the Unified Electric Power System of the Republic of Kazakhstan, owning and managing assets of the National Electric Grid


• - Owns all the backbone networks in Kazakhstan, without which the country’s electric power sector will not be able to fully function


• - A reliable investment tool that provides competitive returns on the capital market of Kazakhstan


• - There is a significant potential for cost growth of KEGOC due to new regulatory changes, as well as the growing electricity market

Rating

Fitch BBB-/ stable

S&P ВВ+/ stable

Moody’s Ваа2/stable

SPO PARAMETERS OF KEGOC JSC

Issuer

KEGOC JSC

Major shareholder

Samruk-Kazyna JSC

Admission

Admission of ordinary shares of the Company on the Kazakhstan Stock Exchange (KASE) and the exchange of the Astana International Financial Center (AIX)

Offering price

KZT1482 for the ordinary share

Equity offering size

Up to 15,294,118 ordinary shares, the share of Samruk-Kazyna JSCwill be at least 85% of the total number of shares of the Company

Use of funds from offering

The funds will be used to implement a major investment project of the Company to strengthen the networks of the Southern zone of the UES of the Republic of Kazakhstan (construction of two 500 kv Shu-Zhambyl-Shymkent lines, and three 500 kv Shu-Zhambyl-Shymkent substations)

Distribution of shares during offering

Offering among citizens of the Republic of Kazakhstan, as well as Kazakhstani institutional investors and foreign investors. First of all - fulfillment of requests of citizens of Kazakhstan

Terms of offering

• - Collection of applications from current shareholders holding 17 or more shares in accordance with the requirements of the legislation of the Republic of Kazakhstan - exercise of the right of pre-emptive purchase: From September 28 to October 27 inclusive


• - Handling accounts in the framework of the exercise of the pre-emptive purchase right: Within 5 working days from the date of application submission, but no later than November 3


• - Collection of applications on KASE and AIX: From October 16 to November 2 inclusive

Financial consultants

Halyk Finance, Sky Bridge Invest, Freedom Broker, BCC Invest, Jusan Invest