Project name

Construction and modernization of the 4G/5G network in the Republic of Kazakhstan

Project Description

The project aims to improve data transfer speeds by

implementation of advanced fifth generation technologies (5G) and

4G network modernization

Borrower

JSC Development Bank of Kazakhstan

JSC Kcell

Ultimate beneficiaries

JSC Sovereign Wealth Fund «Samruk-Kazyna»

Manufactured products

Services

Industry

Connection

Funding status

Under financing

Year of signing of the SOCL

2025

Region

Interregional, Kazakhstan

Project financing structure

Project cost

190,498,360,617 tenge

Participation of JSC Development Bank of Kazakhstan, by financing currency

141,120,190,000 tenge

Borrower's own participation

49,378,170,617 tenge

Participation of other creditors in the financing of the project

-

Terms of provision of the financing instrument of JSC Development Bank of Kazakhstan

Financing currency

Tenge

Type of financing instrument

Non-revolving line of credit

Reward rate

Limit 1 - 12.6% per annum, fixed

Limit 2 - Bank's cost of borrowing + 1.31% per annum,

fixed

Loan term (financial instrument)

up to 180 months from the date of conclusion of the Opening Agreement

credit line;

Limit 1 - up to 180 months from the date of conclusion of the Agreement on

opening a line of credit;

Limit 2 - up to 180 months from the date of conclusion of the Agreement on

opening a line of credit;

Sources of funding

Limit 1 - Funds of the JSC Project Financing Program

Development Bank of Kazakhstan to ensure

competitiveness and sustainability of the national

economy

Limit 2 - Bank's own funds and/or other sources

Contact information

Website:

www.kcell.kz

Address:

Legal address:

Republic of Kazakhstan, 050004, Almaty, Medeu district, Alimzhanova street, building 51.

Contacts:

telephone:+7(727) 258 27 55

e-mail:investor_relations@kcell.kz