Certain Global Depositary Receipts of Kaspi.kz Joint Stock Company are subject to a Lock-Up Agreement Ending on 14-APR-2021. These Global Depositary Receipts will be under lockup for 181 days starting from 15-OCT-2020 to 14-APR-2021. Details: The Company and the Selling Shareholders have agreed that, until the expiry of a period of 180 days after the Closing Date, neither the Company, nor any of its subsidiaries from time to time, nor the Selling Shareholders, nor any person acting on its or their behalf will, subject to certain exemptions, without the prior written consent of the Joint Global Coordinators, (i) offer, sell, lend, mortgage, assign, contract to sell, pledge, charge, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend, or otherwise transfer or dispose of (or publicly announce any such action), directly or indirectly, any GDRs, Shares or any securities convertible or exchangeable into or exercisable for, or substantially similar to, any GDRs, Shares or any security or financial product whose value is determined directly or indirectly by reference to the price of the underlying securities, including quity swaps, forward sales and options or global depositary receipts representing the right to receive any such securities; or (ii) enter into any swap or other agreement that transfers, in whole or in part, any of the economic consequences of ownership of any Shares; or (iii) enter into any transaction with the same economic effect as, or agree to, or publicly announce any intention to enter into any transaction described above, whether any such transaction described above is to be settled by delivery of GDRs, Shares or such other securities, in cash or otherwise.