Tenders and competitions

Announcement of Sanoat Qurilish Bank on the sale of the high-rise building on the area of “Tashkent City” international business complex

Sanoat Qurilish Bank JSCB (hereinafter referred to as the Bank) is announcing the public sale of the high-rise building (hereinafter referred to as Asset) on the area of “Tashkent City” international business complex.

In the framework of this process, KPMG Valuation and Consulting LLC (hereinafter referred to as KPMG) was attracted as a consultant to organize the sales process.

The State Assets Management Agency of the Republic of Uzbekistan (hereinafter referred to as the Agency) will coordinate the activities of the Bank and KPMG.

At this stage of the process, interest in purchasing the Asset from potential investors will be examined. The study of interest in purchasing this Asset will be carried out by distributing an investment teaser prepared by KPMG to industrial investors, including international investors, and conducting individual discussions with them.

Based on the results of studying investors’ interest in purchasing this Asset, as well as studying their opinions regarding the configuration of a potential transaction (including as a whole building or divided into lots), the mechanisms and terms of sale will be formed.

The investors interested in acquisition of the Asset may obtain more detailed information through the following channels:

SSandykbayeva@kpmg.com

MSarsekeyeva@kpmg.com

ZTokanov@kpmg.kz

NShuxratov@kpmg.co.uz

Brief information about the Asset:

Sanoat Qurilish Bank JSCB high-rise building

Address: 3а, Islam Karimov street, Shaykhontokhur district, Tashkent city

Balance holder: Sanoat Qurilish Bank JSCB;

Total area: 82,284 m²;

Total floors number: 33.

Disclaimer

The Agency and the Bank reserve the right to change the sequence of the sales process or refuse to sell to or negotiate with any potential buyer(s) at any time without giving a reason.

This announcement, or any part of its contents, should not be construed as a form of commitment on the part of the Agency, the Bank or KPMG in relation to the sale of the Asset. The Agency, the Bank and KPMG reserve the right to exercise their discretion at any time and in any respect, without accepting joint or individual liability:

(i) make changes to application deadlines;

(ii) follow different procedures in relation to different interested parties, and/or negotiate with one or more potential buyers within the framework of the schedule and procedure established jointly with the Agency, the Bank and KPMG to the exclusion of any other potential buyer(s) without prior notice;

(iii) terminate the sales process for any reason; and/or

(iv) terminate any discussions or negotiations with any potential buyer(s) in relation to the Transaction at any time without giving any reason.

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