THIS ANNOUNCEMENT MAY ONLY BE DISTRIBUTED IN THE REPUBLIC OF KAZAKHSTAN IN CONNECTION WITH THE OFFERING OF THE COMPANY’S (DEFINED BELOW) SECURITIES THROUGH THE FACILITIES OF THE AIX LIMITED, STOCK EXCHANGE OF THE ASTANA INTERNATIONAL FINANCIAL CENTRE (“AIX”).
This announcement is not intended to be an advertisement in, and for the purpose of the laws of, Kazakhstan.
Neither this announcement, nor anything contained herein shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever in any jurisdiction. Investors should not purchase any ordinary shares or global depositary receipts referred to in this announcement except on the basis of information contained in a prospectus approved by AIX as defined below (the “AIX Prospectus”) published by Joint stock company “National atomic company “Kazatomprom” in connection with the possible admission of the ordinary shares and global depositary receipts to the Official List of Securities of the Astana International Exchange (“AIX”) and to trading on the AIX. A copy of the AIX Prospectus published by the Company will be available for inspection from the Company’s registered office at 10 D. Kunayev Street, 010000 (Z05H9A7), Astana, Republic of Kazakhstan, on the Company’s website at www.kazatomprom.kz and on the AIX’s website at www.aix.kz.
31 October 2018
JSC NAC Kazatomprom
Announcement of Publication of the AIX Prospectus
Further to the announcement by joint stock company “National atomic company “Kazatomprom” (the “Company” and, together with its subsidiaries, the “Group” or “Kazatomprom”), the world’s leading uranium producer, regarding its price range, Kazatomprom confirms that its prospectus has been approved by the AIX for the purposes of the AIX Offering. The AIX Prospectus, together with the investor presentation are available for inspection from the Company’s registered office, at 10 D. Kunayev Street, 010000 (Z05H9A7), Astana, Republic of Kazakhstan and online at http://www.kazatomprom.kz/en/section/investors, subject to certain access restrictions. A copy of the AIX Prospectus is also available online at https://www-aix-kz.s3.eu-central-1.amazonaws.com/uploads/2018/11/KAP_AIX_Prospectus_ENG.pdf, subject to certain access restrictions.
For further information, please contact:
Kazatomprom Public Relations
Tel: +7 7172 45 80 63
Email: [email protected]
Kazatomprom Investor Relations
Tel: +7 7172 45 81 80
Email: [email protected]
Media Enquiries
Powerscourt
Giles Read, Peter Ogden
Tel: +44 20 7250 1446
Email: [email protected]
A copy of this announcement will be made available at www.kazatomprom.kz.
About Kazatomprom
Kazatomprom is the world’s largest producer of uranium, representing approximately 20% of total global uranium primary production in 2017. The Group benefits from the largest reserve base in the industry, with attributable uranium reserves of just under 300 ktU. Kazatomprom operates, through its subsidiaries, JVs and Associates, 26 deposits grouped into 13 mining assets, all of which are located in Kazakhstan. All of the Group’s uranium deposits are suitable for ISR. A combination of the cost-efficient, low impact ISR technology and a long-life mining asset base allows the Group to remain sustainably among the leading and the lowest cost uranium producers globally.
As the national atomic company in the Republic of Kazakhstan, the Company has partnered with substantially all of the leading players in the uranium mining industry globally. The Group’s primary customers are operators of nuclear generation capacity, and the principal export markets for the Group’s products are China, South and Eastern Asia, North America and Europe. The Group sells uranium and uranium products under long-term contracts, short-term contracts, as well as in the spot market, directly from its headquarters or through its Switzerland-based trading subsidiary. For the year ended 31 December 2017 and the six months ended 30 June 2018, the Group’s consolidated revenue was KZT336.5 billion and KZT145.0 billion, respectively, and profit was KZT139.2 billion and KZT115.0 billion, respectively.
For more information: http://www.kazatomprom.kz
IMPORTANT NOTICE
The information contained in this announcement is for background purposes only and does not purport to be full or complete, nor does it constitute or form part of any invitation or inducement to engage in investment activity, nor does it constitute an offer or invitation to buy any securities, in any jurisdiction including the United States, or a recommendation in respect of buying, holding or selling any securities. No reliance may be placed by any person for any purpose on the information contained in this announcement or its accuracy, fairness or completeness. The contents of this announcement are not to be construed as legal, financial or tax advice.
This announcement may only be distributed in the Republic of Kazakhstan in connection with the AIX Offering. This announcement is not for publication or distribution, directly or indirectly, in or into the United States, Australia, Canada, Japan, the Republic of South Africa or any other jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction. The distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
This announcement is not an offer for sale of any securities in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933 (the “U.S. Securities Act”). The Company has not registered and does not intend to register any portion of any potential offering in the United States or to conduct a public offering of any securities in the United States.
Information contained herein is not an offer, or an invitation to make offers, to sell, purchase, exchange or otherwise transfer securities in Kazakhstan to or for the benefit of any Kazakhstani person or entity, except for those persons or entities that are capable to do so under the legislation of the Republic of Kazakhstan and any other laws applicable to such capacity of such persons or entities. This announcement shall not be construed as an advertisement (i.e. information intended for an unlimited group of persons which is distributed and placed in any form and aimed to create or maintain interest in the Company or its merchandise, trademarks, works, services and/or its securities and promote their sales) in, and for the purpose of the laws of Kazakhstan, unless such advertisement is in full compliance with Kazakhstan laws. No future dividends under, and/or increase of market value of, or any other benefits which may relate to or may be conferred by, the securities of, and no future profit making capacity of, the Company are guaranteed whether explicitly or by any implication whatsoever.
Neither JSC Halyk Finance, AIX, or any of their respective affiliates, their respective directors, officers or employees, advisers, agents or any other person accepts any responsibility or liability whatsoever for the contents of, or makes any representations or warranties, express or implied, as to the accuracy, fairness or completeness of the information presented or contained in this announcement (or whether any information has been omitted from this announcement) or any other information relating to the Group, its subsidiaries and their associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith. Accordingly, each of JSC Halyk Finance, AIX and their respective affiliates, directors, officers and employees, and any other person acting on their behalf expressly disclaims, to the fullest extent possible, any and all liability whatsoever for any loss howsoever arising from, or in reliance upon, the whole or any part of the contents of this announcement, whether in tort, contract or otherwise which they might otherwise have in respect of this announcement or its contents or otherwise arising in connection therewith.
Certain statements in this announcement are not historical facts and are “forward looking” within the meaning of Section 27A of the U.S. Securities Act and Section 21E of the U.S. Securities Exchange Act of 1934. Forward looking statements include statements concerning our plans, expectations, projections, objectives, targets, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans or intentions relating to acquisitions, our competitive strengths and weaknesses, plans or goals relating to development projects, financial position and future operations and development, our business strategy and the trends we anticipate in the industries and the political and legal environment in which we operate and other information that is not historical information. By their very nature, forward looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that the predictions, forecasts, projections and other forward looking statements will not be achieved. Given these risks and uncertainties, be cautioned not to place undue reliance on such forward looking statements. We do not intend and we do not assume any obligation to update any forward looking statement contained herein.
In addition, this announcement contains information concerning the Group’s industry and its market and business segments generally, which is forward-looking in nature and is based on a variety of assumptions regarding the ways in which the industry, and the Group’s market and business segments, will develop. These assumptions are based on information currently available to the Company. If any one or more of these assumptions turn out to be incorrect, actual market results may differ from those predicted. While the Company does not know what effect any such differences may have on the Group’s business, if there are such differences, they could have a material adverse effect on the Group’s future results of operations and financial condition.
Any purchase of Securities in the AIX Offering should be made solely on the basis of information contained in the AIX Prospectus published by the Company in connection with the AIX Offering.
The information in this announcement is subject to change. Before purchasing any Securities, persons viewing this announcement should ensure that they fully understand and accept the risks which are set out in the AIX Prospectus published by the Company in connection with the Offering. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness. This announcement does not form the basis of or constitute any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for any Securities or any other securities nor shall it (or any part of it) or the fact of its distribution, form the basis of, or be relied on in connection with, any contract therefor.
Financial decisions should not be based on this announcement. Acquiring investments to which this announcement relates may expose an investor to a significant risk of losing all of the amount invested.
Persons considering making investments should consult an authorised person specialising in advising on such investments. Neither this announcement, nor the AIX Prospectus referred to herein, constitutes a recommendation concerning the AIX Offering. The value of securities can decrease as well as increase. Potential investors should consult a professional advisor as to the suitability of a possible offer for the person concerned.