28th March 2025
Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.
JSC Development Bank of Kazakhstan
Post-stabilisation Period Announcement
Further to the pre-stabilisation period announcement dated 27th March 2025, J.P. Morgan Securities plc, (contact: Alexander Karolev +442071342468) hereby gives notice that no stabilisation (within the meaning of Article 3.2(d) of the Market Abuse Regulation (EU/596/2014) or the rules of the Financial Conduct Authority) was undertaken by the Stabilisation Manager(s) named below in relation to the offer of the following securities.
| Issuer: | JSC Development Bank of Kazakhstan |
| Guarantor (if any): | N/A |
| Aggregate nominal amount: | USD 500mm |
| Description: | USD 5yr FXD Senior Unsecured Notes Listing: Vienna MTF and Kazakhstan Stock Exchange |
| Stabilisation Manager(s): | J.P. Morgan Securities Plc (Stabilisation coordinator) Citi (Stabilisation manager) Societe Generale (Stabilisation manager) Halyk Finance (Stabilisation manager) |
| Offer price: | USD: 99.678% / Yield 5.7%
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This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction
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