National Atomic Company Kazatomprom JSC (hereinafter referred to as 'Kazatomprom' or 'Company') announces the secondary placement of shares and global depositary receipts ('GDRs') by the majority shareholder of the National Wealth Fund Samruk-Kazyna JSC (hereinafter - JSC 'Samruk-Kazyna').

As part of our interaction with the investment community over the past six months, we continued to receive positive feedback that highly appreciated the Company's commitment to a long-term value-oriented strategy, as well as feedback on investor interest in increasing the volume of free-float shares of the Company (free- float), - said Galymzhan Pirmatov, chairman of the board of Kazatomprom. - The secondary placement announced by Samruk-Kazyna JSC will allow Samruk-Kazyna JSC to reduce its ownership share to approximately 75%, which is a positive step towards further increasing the liquidity of Kazatomprom shares.

In recent months, we have seen increased interest both in Kazatomprom and in the uranium market, this has had a positive impact on the timing of this transaction. The unique approach to collecting applications (bookbuilding) of institutional investors on the London Stock Exchange ('LSE') and Astana International Exchange ('AIX'), followed by local placement in favor of retail investors on AIX, provided an excellent opportunity for an extensive base of interested investors to participate to place and own shares of the world's leading uranium producer. '

The placement of Kazatomprom securities is part of the Comprehensive Privatization Plan for 2016-2020 (hereinafter referred to as the 'Plan'), approved by the Government of the Republic of Kazakhstan. In accordance with the Plan, the Company was identified as a portfolio company of Samruk-Kazyna JSC, subject to partial privatization, and the alienation of up to 25% of the Company's share capital was approved. As part of the initial public offering (IPO) in November 2018, Samruk-Kazyna JSC sold its shares and GDRs, together accounting for 14.92% of the issued share capital of the Company, through the LSE and AIX platforms. As a result of the additional placement in September 2019, the total volume of shares in free float reached 18.72%. Given the current secondary placement, as well as subject to

Making decisions on the sale of shares and GDRs of Kazatomprom in the open market is the exclusive competence of the Board of Directors and the Management Board of Samruk-Kazyna JSC.

Contact:

Cory Kos

Tel: +7 7172 45 81 69

Email: ir@kazatomprom.kz

About Kazatomprom

Kazatomprom is the largest uranium producer in the world with natural uranium production in proportion to the Company's participation shares in the amount of about 24% of the total global primary uranium production in 2019. The group has the largest uranium reserve base in the industry. Kazatomprom, together with subsidiaries, affiliates and joint organizations, is developing 24 deposits in the Republic of Kazakhstan, combined into 13 uranium mining enterprises. All uranium mining enterprises are located on the territory of the Republic of Kazakhstan and apply underground well leaching technology, paying particular attention to best practices and means of monitoring health, industrial safety and the environment.

The securities of Kazatomprom are listed on the London Stock Exchange and the Astana International Exchange. Kazatomprom is the National Atomic Company of the Republic of Kazakhstan, and the main customers of the group are operators of nuclear generating capacities, and the main export markets for products are China, South and East Asia, North America and Europe. The Group sells uranium and uranium products under long-term and short-term contracts, on the spot market directly from its corporate center in Nur-Sultan, Kazakhstan, as well as through a trading subsidiary in Switzerland, Trading House KazakAtom (TNK).

Statements for the Future

All statements other than statements of historical fact included in this message or document are statements regarding the future. Statements regarding the future reflect the Company's current expectations and forecasts regarding its financial condition, results of operations, plans, goals, future results and activities. Such statements may include, but are not limited to, statements before which, after which or where words such as 'goal', 'believe', 'expect', 'intend', 'possibly', 'anticipate', 'evaluate', 'plan ',' project ',' will ',' may ',' probably ',' should ',' may 'and other words and terms of similar meaning or their negative forms.

Such statements regarding the future include known and unknown risks, uncertainties and other important factors beyond the control of the Company that could result in actual results, indicators or achievements of the Company differing significantly from the expected results, indicators or achievements expressed or implied by such statements regarding the future. Such statements regarding the future are based on numerous assumptions regarding the current and future business strategy of the Company and the conditions in which it will operate in the future.

The information contained in this message or document, including, but not limited to, statements regarding the future, is applicable only as of the date of this document and is not intended to provide any guarantees regarding future results. The Company expressly disclaims any obligation to disseminate updates or changes to such information, including financial data or forward-looking statements, and will not publicly release any changes that it may make to information arising from changes in the Company's expectations, changes in events, conditions or circumstances on which such statements regarding the future are based, or other events or circumstances that arise after the date of this document.

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