SKYBRIDGE INVEST AND HALYK FINANCE CALL FOR NATIONAL COMPANY KAZMUNAIGAS’S EUROBOND OFFERING ORDERS

/KASE, April 11, 2017/ – SkyBridge Invest (Almaty) and Subsidiary organization of Halyk Bank of Kazakhstan Halyk Finance (Almaty, Halyk Finance in the headline), Kazakhstan's leading managers and bookrunners of the planned Eurobonds of National Company KazMunaiGas (Almaty), have informed Kazakhstan Stock Exchange (KASE) of an official call sent to KASE's stock market members for the planned offering of bonds registered in accordance with laws of a foreign state. Skybridge Invest and Halyk Finance provided to KASE the following parameters of these bonds, as well as the procedure to offer the bonds in Kazakhstan. quote Kazakhstan Stock Exchange JSC hereby calls for orders from the Exchange members for the initial offering of Eurobonds of National Company KazMunaiGas JSC (Issuer) issued under the Medium Term Global Notes Program for a total amount of USD10,500,000,000 (ten billion five hundred million), and registered in accordance with laws of a foreign state (Eurobonds). All investor orders are accepted via the trading system “Subscription” on KASE. Collection of orders from potential investors on Kazakhstan regulated market starts simultaneously with the placement of the Eurobonds on the territory of a foreign state, and on the same pricing terms, taking into account specifics inherent to the relevant securities markets. Joint managers and Joint Bookrunners: Citi (B&D), Deutsche Bank, UBS, Halyk Finance, SkyBridge Invest. PARAMETERS OF BONDS: ----------------------------------------------------------------------- Issuer: National Company KazMunaiGas JSC Bond brief description: A multi-tranche 144A / Reg S Senior Unsecured USD benchmark Eurobonds Nominal volume: to be defined by order collection close Nominal value of one security: USD 200,000 (two hundred thousand) or a higher nominal value divisible by USD1,000 (one thousand) Tenor of the 1st tranche: 5 years Tenor of the 2nd tranche: 10 years Tenor of the 3rd tranche: 30 years Indicative yield of the 1st tranche: Around 4 % (possible review) Indicative yield of the 3rd tranche: Around 5 % (possible review) Indicative yield of the: Around 6 % (possible review) Expected ratings: Baa3 - Moody's / BB - S&P / BBB- - Fitch Security: Unsecured Currency: US Dollar Order price: YTM % p.a. shall indicate the order price. For market orders, the market yield is indicated as a price -------------------------------------------------------------------------------- PROCEDURE TO OFFER BONDS IN KAZAKHSTAN: -------------------------------------------------------------------------------- Date of order collection: April 11, 2017 Starting time for order collection: 3:00 pm ALT Ending time for order collection: 7:00 pm ALT Expected date to define the price and investor order acceptance volume: April 11, 2017 (London time) Settlement date: April 19, 2017 Order acceptance date: April 11 (London time) Settlement conditions: A purchase order submitted by a buyer confirms that there are effective trading lines available with one of the listed counterparties: Citigroup Global Markets Limited, Deutsche Bank AG, London Branch, UBS AG, London Branch. Should a submitted purchase order be accepted, the settlement responsibility must lie with the trading participant who submitted the purchase order. --------------------------------------------------------------------------------- Please contact the following representatives of the Underwriting Consortium for more information: Sanzhar Ospanov, tel. +7 (727) 357-31-77 (ext. 3327), e-mail: S.Ospanov@halykfinance.kz Andrey Lyu, tel. +7 727 331 33 50 (ext. 242), e-mail: lyu@sbinvest.kz Denis Kim, tel. +7 727 331 33 50 (ext. 317), e-mail: kim@sbinvest.kz Citi, Deutsche Bank, Halyk Finance, SkyBridge Invest and UBS Investment Bank act as Joint Lead Managers and Joint Bookrunners. The information contained herein is not for publication or distribution, directly or indirectly, in or into the United States of America, Canada, Australia or Japan. The materials do not constitute an offer of securities for sale in the United States of America, nor may the securities be offered or sold in the United States of America absent registration or an exemption from registration as provided in the U.S. Securities Act of 1933, as amended, and the rules and regulations thereunder. There is no intention to register any portion of the offering in the United States of America or to conduct a public offering of securities in the United States of America and the securities will only be offered for sale in the United States of America to "qualified institutional buyers" (QIBs) as defined in and in reliance upon Rule 144A under the U.S. Securities Act 1933, as amended, that are also “qualified purchasers” (QPs) as defined in Section 2(a)(51) of the U.S. Investment Company Act of 1940, as amended and will only be offered for sale outside the United States of America to persons other than U.S. persons under Regulation S under the U.S. Securities Act 1933, as amended. This announcement is directed only at persons who (i) are outside the United Kingdom or (ii) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii) are persons falling within Article 49(2)(a) to (d) ("high net worth companies, unincorporated associations etc") of the Order or (iv) to whom this announcement may otherwise be directed without contravention of Section 21 of the Financial Services and Markets Act 2000 (all such persons together being referred to as "relevant persons"). This announcement must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this announcement relates is available only to relevant persons and will be engaged in only with relevant persons. A rating is not a recommendation to buy, sell or hold securities and may be subject to revision, suspension or withdrawal at any time by the assigning rating organization. Similar ratings for different types of issuers and on different types of notes do not necessarily mean the same thing. The significance of each rating should be analysed independently from any other rating. quote [2017-04-11]