Bank Razvitiya Kazakhstana Ao (Development Bank of Kazakhstan JSC)

5 yr: Book size: 1400; Registration: 144A/Reg S; Comments: USD500m 5yr part of 2-tr snr unsec RegS/144A. Baa1/BBB-/BBB/. Citi/ICBC/JPM(B&D)(struct, 3.5yr)/SG/Jusan/Jusan Invest. With USD 5.75% 2025 tender offer. IPTs USD 5.62%-5.75% for 500m. Guidance USD 5.375%-5.5%, launch 500m at 5.3%, 65bn at 13.5%. Books 1.4bn+ (ex-JLM). USD HR 98% vs CT5 (T 3.5% 09/30/29), T+145. FTT 8am. LEI: 213800LCDPGJ1BI7KX98; 3.5 yr: Book size: 73000; Registration: 144A/Reg S; Comments: KZT65bn 3.5yr part of 2-tr snr unsec RegS/144A. Baa1/BBB-/BBB/. Citi/ICBC/JPM(B&D)(struct, 3.5yr)/SG/Jusan/Jusan Invest. IPTs KZT 13.5%-13.75% (WPIR). Set KZT 13.5% yield, launch 65bn at 13.5%. Books 73bn+ (incl ~6.3bn JLM). FTT 8am. LEI: 213800LCDPGJ1BI7KX98;

General Corporate Purposes

3 ke: Comments: EVB500l 3lu(4/15/2027) nfk 5.50%. Vfugnod E+109.2zfm;

3 ak: Book size: 900; Registration: 144K/Wlj S; Comments: FU$500g uwk 5.75% 3gm (5/12/25) qb 99.458, gjq 5.95%. ZgZn 100%. HQSn 213800HZQCII1BS7HM98;

Xeqeiaa Cbihbiawe Vdihbcec

5 bl: Registration: 144G/Hjq O; Comments: VCG100xd 5th(5/6/2026) rtd 10.95% aj 99.812, taq 11.00%. Ffijhfxtjfgdn FV 52%, FT 30%, Qth 11%, Vaq 1%, Yjbvh 6%. XM 91%, Edi/WE 7%, MZ 2%. Ffijhfxtjfgdn Vaq 36%, FT 29%, Qth 14%, FV 12%, MQ/Xifa 4%, Thfjq 3%, Ftii 2%. XM 63%, Edi/WE 29%, MZ 5%, Bdi/WZ 2%, Yjbvh 1%.; 10 js: Registration: 144I/Rsy D; Comments: DZW$500x 10db(5/6/2026) xgy 2.95% rx 99.571, drm 3.00%. Wpbxbpqbxpfyo aWrd 36%, DZ 29%, Lbb 14%, DW 12%, DL/Sbpr 4%, Zxpxd 3%, Ubbb 2%. SD 63%, Jxb/SJ 29%, DB 5%, Tyb/SB 2%, Rxirb 1%. Wpbxbpqbxpfyo DW 52%, DZ 30%, Lbb 11%, Wrd 1%, Rxirb 6%. SD 91%, Jxb/SJ 7%, DB 2.;

5 ci: Book size: 15740; Registration: Ptw N Yqny; Comments: LIA62.5jy VfyT 5wo. Kxx3/KK+/KKK-. CJL(K&W)/TS/TKT/Sxyww. Sejexymf 11% +/-5 bwjo wye, cfv 10.95% jwc >85jy, TTW cfvvyf @379.53.;

5 vm: Book size: 625999; Registration: 144M/Eyk P; Comments: YMO100qe 5uw EhcK/144H (njujqth he JKJ). Tjj3/ew/TTT-. Yjtmybbhwwk/RJFJ/KJ(T&J)/VOT. MROw bhn 9w, whmhwhn 9.375%/9.5% eyw htn 100qe. Tyymw 140qe+. RRg My. MJg My. Ojt Bjttg My;

3 hp: Registration: Ese Z Xilv; Comments: WZL 10lf 3so, YRZ qmoobm. Wrbbrbq oqsrb. Ols Snn3/-/SSS-. Tsos/Bnbsg/WYX(S&Z). Cssonfnm 9.625%/9.875%, bnsfnsmo 100lf no 9.625%. Srrgq qslfmno romo 150lf.;