Conclusion of a major transaction - General Credit Agreement with JSC "First Heartland Jusan Bank"

Almaty, 2 November 2021 - Kcell Joint Stock Company (“Kcell” or the “Company”) (KASE, AIX: KCEL), one of the leading provider of mobile telecommunications services in Kazakhstan, announces that on 29 October 2021 the Board of Directors of the Company approved attraction of external financing and conclusion of a major transaction - the General Credit Agreement with JSC “First Heartland Jusan Bank” for a total amount of the credit limit in the amount of KZT 60.5 billion.

The size of this major transaction is 29% of the total book value of the Company's assets.

Enquiries:

Kcell

 

Investor Relations

 

Irina Shol

Tel: +7 727 2582755 ext. 1002

Investor_relations@kcell.kz

 Company Overview

Kcell provides mobile voice telecommunications services, messaging services, value-added services such as multimedia and mobile content services, as well as data transmission services including internet access. It has two brands: the Kcell brand, which is targeted primarily at corporate subscribers (including government subscribers), and the Activ brand, which is targeted primarily at mass-market subscribers. The Company offers its services through its extensive, high quality network, which covers substantially all of the populated territory of Kazakhstan.

Kcell plans to continue investing in the deployment of its 3G/4G network to expand coverage and to introduce high quality services. Kcell aims to provide high quality services at competitive prices, expand its offering of products and services, while maintaining the high quality of its network and enhancing its brands value.