Kazatomprom Reports Civil Unrest in Kazakhstan

8 January
Kazatomprom Reports Civil Unrest in Kazakhstan

JSC National Atomic Company “Kazatomprom” (“Kazatomprom” or “the Company”) reports that a state of emergency and critical level of terrorist threat has been declared in Kazakhstan.

On 02 January 2022, civil unrest began to emerge in the western town of Zhanaozen, Mangystau region, related to a significant increase in the cost of liquefied petroleum gas (LPG, a widely used alternative to gasoline), following the elimination of government price controls on LPG. As the protests spread to major centers,   becoming what the Government has deemed large-scale terrorist attacks in Almaty, a state of emergency was declared across the country. The declaration resulted in curfews, a ban on gatherings, restrictions on the movement of people in and out of people. For security purposes, internet access has also been limited.

The Government has attempted to stabilize the socioeconomic situation with the return of price caps on fuel, and by making governmental changes, including the resignation of the country’s current Government. A large-scale anti-terrorism operation was initiated in Almaty following a country-wide pronouncement of an enhanced threat of terrorism.

Kazatomprom is taking all necessary measures to prevent destabilization of its production sites and is promptly responding to any emerging issues. Enhanced security measures are in place at all operations, and all site administrative personnel are working remotely until conditions normalize, a 24-hour hotline in place to keep employees informed of current developments.

As of 07 January 2022, Kazatomprom’s offices, production facilities and mines have not been impacted by the current conditions and are operating normally. However, due to interruptions and partial suspension of railway services in some regions of the country, there continues to be a high risk of supply chain disruptions that could result in limited access to key operating materilas.  

The Company continues to monitor and ensure the safety and security of its employees and continuity of its operations; stakeholders will be updated as the situation evolves.  

For further information, please contact:

Investor Relations inquiries

Cory Kos, Director of Investor Relations

Tel: +7 7172 45 81 80

Email: ir@kazatomprom.kz

PR and Media Relations inquiries

Torgyn Mukayeva, Chief Expert of GR and PR Department

Tel: +7 7172 45 80 63

Email: pr@kazatomprom.kz

A copy of this announcement will be made available at www.kazatomprom.kz.

About Kazatomprom

Kazatomprom is the world's largest producer of uranium, with the Company's attributable production representing approximately 23% of global primary uranium production in 2020. Kazatomprom 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 environmental standards (ISO 45001 and ISO 14001 certified).

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

For more information, please visit our website at http://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 REALIZED, 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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