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    KZAP   KZ1C00001619

JSC NATIONAL ATOMIC COMPANY KAZATOMPROM

(KZAP)
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JSC National Atomic Kazatomprom : Kazatomprom's corporate governance rating has been upgraded to "A"

12/22/2021 | 02:53am EDT

22 December

JSC National Atomic Company "Kazatomprom" ("Kazatomprom" or "the Company") announces that based on the results of an independent diagnostics conducted in 2021, the Company's corporate governance rating has been upgraded to "A" from "BBB". JSC Samruk-Kazyna, Kazatomprom's majority shareholder, engaged an independent consultant PricewaterhouseCoopers to conduct the diagnostics, and the Company demonstrated the highest level of corporate governance.

Such a high result is an evidence of rising efficiency of Kazatomprom's internal systems. Measures aimed at improving the corporate governance system have been successfully implemented. The Company has achieved significant quality growth in such areas as shareholders' rights and interests, the Board of Directors and the Management board efficiency, transparency and information disclosure, as well as sustainable development.

Kazatomprom will continue to work to improve its corporate governance. The priority goal of Kazatomprom's corporate governance is to increase long-term value of the Company through building an efficient and transparent business, maintaining reliable and effective relationships with shareholders and investors.

For further information, please contact:

Kazatomprom Investor Relations Inquiries

Cory Kos, Director of Investor Relations

Tel: +7 (8) 7172 45 81 80

Email: ir@kazatomprom.kz

Kazatomprom Public Relations and Media Inquiries

Torgyn Mukayeva, Chief Expert of GR & PR Department

Tel: +7 (8) 7172 45 80 63

Email: pr@kazatomprom.kz

About Kazatomprom

Kazatomprom is the world's largest producer of uranium, with the Company's attributable production representing approximately 23% of global primary uranium production in 2020. Kazatomprom benefits from the largest reserve base in the industry and operates, through its subsidiaries, JVs and Associates, 26 deposits grouped into 14 mining assets. All of the Company's mining operations are located in Kazakhstan and extract uranium using ISR technology with a focus on maintaining industry-leading health, safety and environmental standards (ISO 45001 and ISO 14001 certified).

Kazatomprom securities are listed on the London Stock Exchange and Astana International Exchange. As the national atomic company in the Republic of Kazakhstan, its primary customers are operators of nuclear generation facilities and the principal export markets for the Company's products are China, South and Eastern Asia, Europe and North America. Kazatomprom sells uranium and uranium products under short- and long-term contracts directly from its headquarters in Nur-Sultan, Kazakhstan, and through its Switzerland-based trading subsidiary, Trade House KazakAtom AG (THK).

For more information, please visit the Company's website at http://www.kazatomprom.kz

Forward-looking statements

All statements other than statements of historical fact included in this communication or document are forward-looking statements. Forward-looking statements give the Company's current expectations and projections relating to its financial condition, results of operations, plans, objectives, future performance and business. These statements may include, without limitation, any statements preceded by, followed by or including words such as "target," "believe," "expect," "aim," "intend," "may," "anticipate," "estimate," "plan," "project," "will," "can have," "likely," "should," "would," "could" and other words and terms of similar meaning or the negative thereof. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the Company's control that could cause the Company's actual results, performance or achievements to be materially different from the expected results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the Company's present and future business strategies and the environment in which it will operate in the future. THE INFORMATION WITH RESPECT TO ANY PROJECTIONS PRESENTED HEREIN IS BASED ON A NUMBER OF ASSUMPTIONS ABOUT FUTURE EVENTS AND IS SUBJECT TO SIGNIFICANT ECONOMIC AND COMPETITIVE UNCERTAINTY AND OTHER CONTINGENCIES, NONE OF WHICH CAN BE PREDICTED WITH ANY CERTAINTY AND SOME OF WHICH ARE BEYOND THE CONTROL OF THE COMPANY. THERE CAN BE NO ASSURANCES THAT THE PROJECTIONS WILL BE REALISED, AND ACTUAL RESULTS MAY BE HIGHER OR LOWER THAN THOSE INDICATED. NONE OF THE COMPANY NOR ITS SHAREHOLDERS, DIRECTORS, OFFICERS, EMPLOYEES, ADVISORS OR AFFILIATES, OR ANY REPRESENTATIVES OR AFFILIATES OF THE FOREGOING, ASSUMES RESPONSIBILITY FOR THE ACCURACY OF THE PROJECTIONS PRESENTED HEREIN. The information contained in this communication or document, including but not limited to forward-looking statements, applies only as of the date hereof and is not intended to give any assurances as to future results. The Company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to such information, including any financial data or forward-looking statements, and will not publicly release any revisions it may make to the Information that may result from any change in the Company's expectations, any change in events, conditions or circumstances on which these forward-looking statements are based, or other events or circumstances arising after the date hereof.

Disclaimer

NAK Kazatomprom AO published this content on 22 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 December 2021 07:52:05 UTC.


© Publicnow 2021
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Financials
Sales 2022 913 B 2 196 M 2 196 M
Net income 2022 324 B 780 M 780 M
Net cash 2022 153 B 369 M 369 M
P/E ratio 2022 9,86x
Yield 2022 12,2%
Capitalization 2 988 B 7 189 M 7 189 M
EV / Sales 2022 3,11x
EV / Sales 2023 2,53x
Nbr of Employees 21 000
Free-Float 100%
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 2
Last Close Price 11 520,00 KZT
Average target price 21 700,00 KZT
Spread / Average Target 88,4%
EPS Revisions
Managers and Directors
Mazhit Sharipov Chairman-Management Board & CEO
Kamila Syzdykova Chief Financial Officer
Neil Longfellow Chairman
Aliya Akzholova COO & Director-Mining Department
Russell Francis Banham Independent Non-Executive Director
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