Kazakhstan Stock Exchange (KASE, or the Exchange) is a high-tech trading platform that provides full range of exchange services in accordance with accepted international standards.

Due to the multifunctionality of the Exchange, Kazakh companies, local and international investors are provided with an opportunity to trade stocks, corporate and government bonds, foreign currencies, money market instruments and futures.

The Exchange carries out its operations based on the following licenses:

1. license No. 4.2.3/1 for carrying out activities on the securities market issued on July 19, 2012, which means the right to carry out: — activities on organizing trading in securities and other financial instruments; — clearing activities on deals in financial instruments on the securities market;

2. license No. 4.3.8. for conducting banking operations in national and foreign currency issued on January 30, 2020 (due to changes in the legislation, the license No. 4.3.8 for conducting banking operations in national and foreign currencies issued on September 5, 2018 was reissued).

KASE has trading, clearing and settlement systems that meet modern standards of reliability, security and business continuity. Since 2012, the Exchange has been acting as the Central Counterparty in the derivatives market, and since October 1, 2018 – in the foreign exchange market.

From December 2019, the Exchange began a step-by-step transfer of trading in financial instruments from the current trading system to the ASTS+ trading and clearing system, developed based on the trading and clearing system of the Moscow Exchange (MOEX) and began to perform the functions of the Central Counterparty for financial instruments, which began trading in the new system. At the first stage, trading in shares, USD-denominated bonds, securities of investment funds, international bonds of the Republic of Kazakhstan, securities of international financial institutions, derivative securities was opened in the ASTS+.

The transfer of trading in other instruments of the stock exchange market to the new system using services of the Central Counterparty is scheduled for the first half of 2020.

KASE provides a broad range of information products, including real-time market data, historical and reference data.

KASE's main advantages compared with the competitors are as follows:

— universality of the market, since business diversification helps it to smoothly go through fluctuations of the economic cycle, at different phases of which market participants require different classes of financial instruments; — experienced and professional staff; — availability of own correspondent network for making monetary settlements on exchange markets; — availability of the license for carrying out clearing activities and providing clearing services in the foreign exchange, securities and derivatives markets; — availability of the T+2 trading and clearing cycle, which facilitates access to the market for foreign investors; — extended trading sessions to provide access to trading for participants from regions with different time zones; — the possibility of expanding the geographic representation of investors through participation in the activities of international exchange associations, being a key source of information about Kazakhstan's capital market, cooperation with MOEX; — availability of own IT systems and implementation of the MOEX's trading and clearing systems, which have capacity reserves, provide maximum flexibility for improvements and settings to meet the needs of customers and changes in the regulatory environment, allow improvement of the quality of services and offer new instruments; — availability of the Central Counterparty functions in all segments of the exchange market.