RESULTS OF SUBSCRIPTION TO ORDINARY SHARES KZ1C34930012 (KZ1C00000959, KEGC) OF KEGOC AS PART OF PEOPLE'S IPO PROGRAM

/KASE, December 19, 14/ – As announced earlier, from November 5 to December 5, 2014 as part of implementation of government program "The People's IPO" a primary offering of ordinary shares KZ1C34930012 (KZ1C00000959, KASE official list, first category, KEGC) of Kazakhstan Electricity Grid Operating Company "KEGOC" JSC (Astana, hereinafter – KEGOC) by way of subscription to them was conducted in KASE trading system. Subsidiary organization of Halyk Bank of Kazakhstan "Halyk Finance" JSC acted as the seller when conducting the subscription to the said shares and as the market maker. Number of shares being offered – 25,999,999 pieces. Price of offering per share – KZT505. Date of settlements based on subscription results – December 18, 2014. At the closing of orders collection 42,723 orders were submitted to KASE trading system, out of which after checking the register by the Exchange, Central Securities Depository JSC and reconciliation by KASE members 41,991 orders were recognized as active. Thus, the number of active orders received from individuals made up 41,989. These orders were submitted from 41,319 client accounts. 1 order was submitted by Single Accumulative Pension Fund JSC and 1 order was submitted by the market maker. The total bid at subscription made up KZT16.7 bn and exceeded the shares ask by 1.3 times. The bid from brokerage companies made including the market maker's order made up KZT9.7 bn (73.7% of the ask), Single Accumulative Pension Fund – KZT7.0 bn (53.3% of the ask). 18 KASE stock market members participated in offering. By results of subscription the issuer satisfied all active orders for purchase of 25,999,999 shares (100% of the offered volume). The total volume of executed orders made up KZT13,129,999,495. Thus, all active orders of individuals and the market maker were executed in full, while the order of Single Accumulative Pension Fund was partially executed. By results of offering securities were credited to individuals accounts in the amount of KZT9,473,909,080 (72.2% of the offering volume), to Single Accumulative Pension Fund in the amount of KZT3,454,090,415 (26.3% of the offering volume); the volume of executed orders submitted by the market maker made up KZT202,000,000 (1.5% of the offering volume). According to Central Securities Depository JSC (Almaty) all deals by results of subscription to the said shares by the moment this information is published were settled; the subscription is closed. KASE received requests from the offered shares issuer and their market maker for bid opening as to common shares of Kazakhstan Electricity Grid Operating Company "KEGOC" JSC on KASE secondary market on December 19, 2014. [2014-12-19]