$12.9 bln TOP10 LARGEST PUBLIC $4.4 COMPANIES bln IN KAZAKHSTAN - As of beginning 2021, the market capitalization of the 10 largest public companies in Kazakhstan is about 30 billion US Dollars. $4.3 - The most expensive company in Kazakhstan is bln Kaspi.kz The market capitalization as of January 1, 2021, was approximately US � 12.9 billion (43% of the top 10 companies). In October 2020, Kaspi.kz successfully conducted the initial public offering (IPO) of its securities on the London Stock Exchange (LSE) and Astana International Exchange (AIX). - The market value of Kaspi.kz is 3 times more than the combined value of the other three major banks (Halyk Bank, ForteBank and Bank CenterCredit). - The second and third places are taken by the mining $3.5 companies Kazatomprom (� 4.4 billion) and bln KAZ Minerals (� 4.3 billion). We note that Kaspi.kz JSC KAZ Minerals PLC is officially registered in the Kazatomprom JSC United Kingdom but has a listing on the Kazakhstan Stock Exchange. KAZ Minerals PLC LSE/ AIX LSE/ - There are two stock exchanges in Kazakhstan: AIX LSE/ Halyk Savings Bank of KASE Kazakhstan Stock Exchange (KASE) and Astana 1 2 LSE/ Kazakhstan JSC International Exchange (AIX). The top 5 most 3 AIX/ KASE expensive companies in Kazakhstan are 4 additionally traded on the London Stock LSE/ $1.3 5 AIX/ Kcell JSC bln Exchange. KASE 6 KASE - An interesting fact is that Kazakhtelecom JSC 7 KEGOC JSC owns 75% of all shares in Kcell JSC. However, 8 KASE 10 9 the KASE $1 AIX/ KASE KazTransOil JSC bln total market value of Kazakhtelecom JSC, including KASE its stake in Kcell JSC, is about 689 million USD, and the market capitalization of Kcell JSC is around Kazakhtelecom JSC 1.3 billion USD. ForteBank $887 CenterCredit JSC Bank mln Sources: https://www.aix.kz $92 $689 https://kase.kz mln mln https://www.londonstockexchange.com $592 31.12.2020 mln.