SKYBRIDGE INVEST ANNOUNCES UPDATE OF KAZTRANSGAS EUROBONDS OFFERING PARAMETERS

/KASE, September 19, 2017/ – SkyBridge Invest (Almaty), the lead manager in Kazakhstan for the planned KazTransGas (Astana) Eurobonds issue, has provided Kazakhstan Stock Exchange (KASE) with the following notice: quote Hereby, SkyBridge Invest announces starting to collect orders from members of Kazakhstan Stock Exchange (KASE) for participating in the initial offering of KazTransGas (the Issuer) Eurobonds. All orders from investors are accepted through the trading system "Subscription" on KASE. Acceptance of orders from prospective investors on Kazakhstan's regulated market will start simultaneously with the offering of the Eurobonds on the territory of a foreign state, and on the same terms of Eurobonds pricing, as during their offering on the territory of a foreign state, taking into account possible specifics inherent to the relevant securities markets. Citigroup Global Markets Limited, ING Bank N.V., London Branch, VTB Capital plc act as joint lead managers and joint book-runners, and SkyBridge Invest acts AS the lead manager in Kazakhstan on KASE. BONDS' PARAMETERS: -------------------------------------------------------------------------------- Issuer name: KazTransGas Short description of bonds: global Bonds of senior, unsecured debt issued according to Rule144А and Reg S of the US Securities Act Nominal amount: will be determined upon end of order collection Face value of one security USD200,000 (two hundred), or the higher face value dividable by USD1,000 (one thousand) Listing: KASE and ISE (Irish Stock Exchange) Expected maturity: up to 10 years Indicative yield at offering around 4.5%–4.6% (subject to possible review) Expected ratings: Baa3 – Moody's / BBB- – Fitch Guarantee: Intergas Central Asia Issue currency: US dollar Order price: the price in an order is represented by the yield to maturity expressed in annual percentage. In case of market orders the price is represented by the "market yield" ------------------------------------------------------------------------------ PROCEDURE OF OFFERING OF BONDS IN KAZAKHSTAN: ------------------------------------------------------------------------------ Order collection day: September 19, 2017 Order collection start time: 14:00 o'clock (Almaty time) Order collection end time: 20:00 o'clock (Almaty time) Expected date of price September 19, 2017 (London time) and amount fixing: Expected settlement date: September 26, 2017 Date of determining September 19, 2017 (London time) executed orders: ------------------------------------------------------------------------------ Terms of settlement on Eurobonds: Submitting a purchase order, the buyer thus confirms the availability of operational trade facilities involving one of the counterparts below: • Citigroup Global Markets Limited • ING Bank N.V. • VTB Capital plc • SkyBridge Invest In case of satisfaction of a submitted purchase order, the responsibility for execution (settlement) rests with the trade participant who submitted the purchase order. With queries, as well as for additional information, please contact the following representative of the Issuing Consortium: Andrei Liu, Director of Investment Banking Department, tel. +7 727 331 33 50 (ext. 242), e-mail: lyu@sbinvest.kz Denis Kim, Director of Trade Transactions Department, tel. +7 727 331 33 50 (ext. 317), e-mail: kim@sbinvest.kz The information contained herein is not for publication or distribution, directly or indirectly, in or into the United States of America. The materials do not constitute an offer of securities for sale in the United States. The securities and the guarantee discussed herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") and the securities may not 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, and the rules and regulations thereunder. The securities are being offered and sold (i) outside the United States pursuant to Regulation S and (ii) inside the United States to qualified institutional buyers ("QIBs") within the meaning of Rule 144A under the U.S. Securities Act. No public offering of securities is being or will be made in the United States of America. This communication does not constitute an offer of securities to the public in the United Kingdom. Consequently, this communication is directed only at (i) persons who are outside the United Kingdom, (ii) persons who have professional experience in matters relating to investments falling within Article 19(1) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"), (iii) high net worth entities falling within Article 49(2) of the Order and (iv) other persons to whom it may lawfully be communicated (all such persons together being referred to as "relevant persons"). Any investment activity to which this communication relates will only be available to, and will only be engaged with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. 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. unquote [2017-09-19]