Kcell JSC signs credit agreement with Bank of China Kazakhstan

Almaty, 30 July 2019 - Kcell Joint Stock Company (“Kcell” or the “Company”) (LSE, KASE: KCEL), the leading provider of mobile telecommunications services in Kazakhstan, announces that on 25 July 2019, Kcell JSC and AB “Bank of China Kazakhstan” JSC signed an Agreement for the provision of a revolving credit line No. 192004 in the amount of KZT 9.5 billion. The term of the credit line is 36 months with a fixed interest rate of 10.5% per annum.

 

The guarantee for the fulfillment of Kcell JSC of its obligations under this Agreement is provided by Kazakhtelecom JSC.

 

 

Enquiries:

 

Kcell

 

Investor Relations

 

Irina Shol

Tel: +7 727 2582755 ext. 1002

Investor_relations@kcell.kz

 

 

International Media

 

Instinctif Partners

Tel: +44 207 457 2020

Kay Larsen, Galyna Kulachek