KEGOC Early Repays European Bank For Reconstruction And Development (EBRD) Loan

Kegoc Early Repays European Bank For Reconstruction And Development (EBRD) Loan

KEGOC (Astana), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following statement:

In order to improve the financial stability of KEGOC, deleverage, mitigate FX,
interest rate and other risks, as well as reduce costs, on January 5, 2017 KEGOC
early repaid the European Bank for Reconstruction and Development USD151.9
m loan No. 42039 raised on May 21, 2011 for an investment project
“Reconstruction of 220 kV overhead transmission line TsGPP SS – Ossakarovka
SS”.

The first USD70.2 m partial early repayment tranche was paid on December 7,
2016. The liabilities under the loan as of December 31, 2016 amounted to
USD27.4 m. The second USD27.4 m full early repayment tranche was paid on
January 5, 2017. During the term of the loan agreement KEGOC timely fulfilled
all of its obligations.

Ossakarovka Transmission Rehabilitation Project will provide reliable power
supply to Astana and meet the growing electricity demand of the city and
projects to be constructed in the industrial zone of Astana. As part of the
project to improve the reliability of Astana power supply system a double
circuit 220 kV line TsGPP SS – Osakarovka (118.7 km) and a 500 kV electrical
substation TsGPP SS were reconstructed.

Currently, the total loans KEGOC amount to USD337.78 m (KZT111.65 bn). All
loans are long-term.

Share