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Kazatomprom marks the fifth anniversary of its IPO

14 November 2023
Kazatomprom marks the fifth anniversary of its IPO

National Atomic Company Kazatomprom JSC marks the fifth anniversary of its initial public offering (IPO) on the London Stock Exchange and Astana International Exchange (AIX).

Kazatomprom became the first portfolio company of Samruk-Kazyna JSC, which was listed on the local and international capital markets under the Privatization Program approved by the Kazakh Government. The results of Kazatomprom's IPO were positively received by the global investment community.

“Our IPO was a significant milestone in the company’s history and the national economy, symbolizing Kazakhstan's growing presence on the capital markets. Since the landmark IPO in November 2018, Kazatomprom has not only upheld its commitment to sustainable growth, operational excellence and market discipline but has also reinforced its position at the forefront of the global uranium industry. On behalf of the company and me personally, I extend our deepest gratitude to our employees, partners and shareholders for their continuous support. Thanks to common efforts, Kazatomprom continues to hold leading positions in uranium production and sales,” commented Meirzhan Yussupov, CEO of Kazatomprom.

The company continues to show commitment to the listing requirements and best international practices, actively interacting with investors, and constantly improving the level of corporate governance and transparency. Since the IPO, Kazatomprom’s shareholders have substantially benefited from significant share price appreciation and regular dividend payments.

"The history of AIX began with Kazatomprom's IPO in 2018. Over the past five years since listing, the prices of the company's ordinary shares (denominated in tenge) have increased fourfold, and the company have been leading the market in terms of volumes traded and transacted on the AIX platform," commented Assel Mukazhanova, CEO of Astana International Exchange.

On this momentous occasion, Kazatomprom marks not only its achievements but also the vital role the nuclear power plays in the global energy mix. As the world transitions to net-zero emissions, acceptance of nuclear energy as a green source of low-carbon baseload energy has never been more pronounced. The company is proud to play a key role in the global efforts towards a greener and more sustainable future, providing uranium for clean, sustainable and reliable nuclear power.

Looking ahead, it is important to note that Kazatomprom has the necessary resources to meet the growing global demand for clean and reliable nuclear energy. With a strong focus on ESG, innovation and sustainability, the company continually explores the potential of new projects and technologies that will drive continued growth.


For more details, please contact:

Kazatomprom Public Relations and Media Inquiries

Askar Atagulin, Director, Public Relations

Tel.: +7 7172 45 80 63

Email: pr@kazatomprom.kz

Kazatomprom Investor Relations Inquiries

Botagoz Muldagaliyeva, Director, Investor Relations

Tel.: +7 7172 45 81 80 / 69

Email: ir@kazatomprom.kz


About Kazatomprom

Kazatomprom is the world's largest producer of uranium, with the Company’s attributable production representing approximately 22% of global primary uranium production in 2022. The Group 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 environment standards.

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

For more information, please see the Company website at 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.

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