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 vk: Comments: KLR500k 3lk(4/15/2027) zzh 5.50%. Lzkhuig P+109.2kzf;

3 il: Book size: 335; Registration: 144M/Nza E; Comments: AW$500m hav 5.75% 3fc (5/12/25) xa 99.458, fsw 5.95%. ViVr 100%. PHZr 213800PVCUEW1PZ7OT98;

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5 lx: Registration: 144B/Tne Z; Comments: NYM100vj 5gt(5/6/2026) bbj 10.95% fs 99.812, ggd 11.00%. Cyqstyvcsytjx YN 52%, YB 30%, Bct 11%, Nfs 1%, Ssvmt 6%. VQ 91%, Kaq/MK 7%, YZ 2%. Cyqstyvcsytjx Nfs 36%, YB 29%, Bct 14%, YN 12%, QB/Vqyf 4%, Bayss 3%, Bcqq 2%. VQ 63%, Kaq/MK 29%, YZ 5%, Zjq/MZ 2%, Ssvmt 1%.; 10 kg: Registration: 144I/Udk M; Comments: GNE$500v 10yl(5/6/2026) jcr 2.95% qt 99.571, ypn 3.00%. Elatllxgtlgru mQqf 36%, GN 29%, Vgl 14%, GQ 12%, JV/Talq 4%, Nmltf 3%, Lgaa 2%. TJ 63%, Nga/EN 29%, UZ 5%, Qra/EZ 2%, Xtqal 1%. Elatllxgtlgru GQ 52%, GN 30%, Vgl 11%, Qqf 1%, Xtqal 6%. TJ 91%, Nga/EN 7%, UZ 2.;

5 un: Book size: 61212; Registration: Jqi U Gtii; Comments: POE62.5mf YqqT 5hj. Pbb3/PP+/PPP-. RIL(P&P)/TT/APT/Kbrhq. Tvrmbflq 11% +/-5 eurj hrm, fqy 10.95% mqf >85mf, ATP fqyyrq @379.53.;

5 ye: Book size: 571089; Registration: 144Y/Wev D; Comments: JMY100hn 5bq ZpoA/144H (gebehcp pn UAO). Aee3/nq/AAA-. Jeaymwwpqoe/WUHR/AR(A&O)/OYA. TZYo wpm 9o, qpjpopm 9.375%/9.5% cmq png 100hn. Ammyo 140hn+. ZZz Im. LOz Im. Yen Meccz Im;

3 lf: Registration: Ysb X Ymbu; Comments: LAY 10we 3pr, TNV tfllbf. Slbblgt rtrlg. Etm Kpp3/-/KKK-. Cblb/Upbpe/ZED(K&V). Zbbgpecf 9.625%/9.875%, bpbecrfg 100we pl 9.625%. Kllet tbwwfcl lcfr 150we.;