Freedom Holding Corp (FRHC)

[HMB2010]

For the first time in Kazakhstan, among the companies that provide brokerage services, a merger transaction took place. TT is moving on.... ground breaking!

Press release
May 16, 2017, Almaty
JSC "Freedom Finance" joins the retail broker of JSC "Asyl-Invest".
For the first time in Kazakhstan, among the companies that provide brokerage services, a merger transaction took place.
May 16, 2017 between the shareholders of the companies signed a decision on the merger of JSC "Asyl-Invest" to JSC "Freedom Finance".
The merged company will combine the experience of the best specialists in the brokerage retail business of the Republic of Kazakhstan, which will allow the introduction of modern world practices as soon as possible.
Reorganization does not require additional actions from customers and other counterparties. JSC "Freedom Finance" will become the legal successor of the merged company and will assume all rights and obligations under existing contracts and other obligations.
Thanks to the available technologies and opportunities, Central Securities Depository JSC, without creating inconveniences for customers, will unite two customer bases of companies. After the completion of the technical procedure for changing the operator, the number of customers of "Freedom Finance" will increase to 50 thousand.
Timur Turlov, General Director of IC "Freedom Finance"
"We believe that this transaction will enable Freedom Finance to strengthen its leadership position in the brokerage services market and will lead to improved service quality through the introduction of the most advanced technologies and approaches developed in both companies. In Kazakhstan there is a strong player, able to withstand competition, which we begin to feel on the part of foreign participants. "
The main procedures related to the reorganization of the company will be completed by the end of 2017.
Gabiden Balginbekov, Chairman of the Board of Directors of ASYL-INVEST JSC
"To date, consolidation is perhaps the main trend in the financial sector of Kazakhstan, and the market of investment and brokerage services developing in our country is not an exception Given the attractive price offer received from JSC" Freedom Finance ", fully reflecting the fundamental value of the company , The shareholders decided to sell their shares on the proposed terms.

Information about the company:
"Freedom Finance" is an investment company that provides a wide range of brokerage and consulting services. Availability of credit rating at level A "High level of creditworthiness" (Rating Agency RAEX ("Expert RA") .The winner in nominations: "Market Leader", "Underwriter of the Year", "Market Maker of the Year" (2017 Kazakhstan Stock Exchange) .The market-maker on 12 securities on KASE.

Contacts for media:
Fakhrutdinova Ramina, Director of Marketing Department of JSC "Freedom Finance"
E-mail: [e-mail]