Information on changes to loan agreement with Eurasian Development Bank

Almaty, 21 November 2019 - Kcell Joint Stock Company (“Kcell” or "Company") (LSE, KASE: KCEL), the leading provider of mobile telecommunications services in Kazakhstan, notifies that on 18 November 2019, its Board of Directors approved the following changes to the loan agreement with Eurasian Development Bank:

  • Term extension - 90 months until 20 June 2024;
  • Increase of the credit line limit from KZT 34 billion to KZT 38.142 billion;
  • Loan availability period set until 31 December 2020;
  • Net debt/EBTDA (on a quarterly basis) should not exceed 3.0 starting from 1 January 2019.