Information on Risks for Clients of JSC "BCC Invest"

The material and information on securities, including foreign securities, currency, and derivative financial instruments with various types of underlying assets (hereinafter referred to as "Financial Instruments") provided and published by JSC "BCC Invest" is distributed solely for informational purposes. The distribution of such material and information does not constitute investment advisory activities and is not an individual investment recommendation.

The information provided by JSC "BCC Invest" is not a comprehensive presentation of current financial or commercial events and should not be used as such. The recipient of the material provided and published by JSC "BCC Invest" should not rely solely on the presented information for decision-making. Calculations, historical data, and other information that may be contained in the material prepared by employees of JSC "BCC Invest" are based on information and data obtained from public sources. JSC "BCC Invest" does not verify and is not obliged to verify the completeness, accuracy, and reliability of such information.

Any information provided by JSC "BCC Invest" is used by the client solely at their discretion and at their own risk. The information provided by JSC "BCC Invest" does not constitute an offer to purchase and/or an obligation to sell any financial instrument, an inducement to enter into a transaction, or a recommendation to the information recipient on investment, tax, and legal matters, including regarding the suitability of the transaction for the specific goals of the information recipient.

Before conducting transactions with Financial Instruments, information about which is provided by JSC "BCC Invest," recipients of this information must review the documents characterizing the Financial Instruments (prospectus, etc.) and conduct comprehensive consultations with their financial, legal, tax, accounting, and other advisors before entering into a transaction with Financial Instruments.

Entering into transactions with Financial Instruments involves certain risks, responsibility for which cannot be attributed to JSC "BCC Invest," as they are beyond the reasonable control of the parties, and their ability to foresee and prevent the consequences of such risks is limited or impossible.

Potential Financial Instruments (options, futures, derivatives, or complex financial instruments, etc.) are not suitable for all investors, and trading these instruments is considered risky.

Information on projected positive returns should be regarded as assumptions. Past performance is not a guarantee of future results. The value of investments can fall or rise, and investors may not recover the amount of their initial investment. Some investments may become infeasible due to market illiquidity or lack of a secondary market (investor interest), and therefore, the valuation of investments and the determination of investor risks may not be subject to quantitative assessment.

Investments in illiquid securities involve a high degree of risk and are suitable only for experienced investors who are insensitive to such risks and do not require easy and quick conversion of investments into cash.

Securities denominated in foreign currencies are subject to fluctuations in exchange rates, which can adversely affect the value or price of investments, as well as the income derived from investments.

Other risk factors affecting the price, value, or income from investments include, but are not necessarily limited to, political risks, economic risks, credit risks, and market risks. Investments in emerging markets and securities of emerging markets carry a high degree of risk, and investors should conduct thorough due diligence before making such investments. Financial instruments are not bank deposits, and the associated risks are not insured under current legislation. The return of investments and the yield on investments in financial instruments are not guaranteed by the government.

The recipient of the information must independently assess the feasibility of entering into transactions with Financial Instruments. The recipient should not enter into a transaction if its economic and legal substance, documentation, conditions, and associated risks remain unclear or do not align with the recipient's goals, intentions, and expectations.

JSC "BCC Invest" does not provide guarantees or assurances and does not accept any responsibility regarding the financial results that the recipient of the information may achieve based on the use of the provided information.

Conflict of Interest

We hereby inform you that JSC "BCC Invest" provides services similar to those described in standard brokerage and nominal holding service agreements to third parties. Additionally, it accepts orders from third parties under other contracts and conducts transactions and other operations with securities and other financial instruments in the interests of third parties and its own interests. JSC "BCC Invest" also provides other services to third parties in the manner of combining types of professional activities in accordance with the current legislation of the Republic of Kazakhstan, including informational services, financial consulting, underwriting, bondholder representative services, asset trust management, and market-making services.

During the provision of the aforementioned services, JSC "BCC Invest" receives remuneration for such services, which may lead to a conflict of interest between JSC "BCC Invest" and the client.

JSC "BCC Invest" does not recommend that clients engage in transactions with financial instruments if the execution of such transactions will result in a conflict of interest.

Information on Risks When Investing in Mutual Investment Funds

Before conducting transactions with shares of mutual investment funds, information about which is provided by JSC "BCC Invest," recipients of this information must review the documents characterizing these financial instruments, the investment declaration, and the rules of the mutual investment fund. When deciding to conduct a transaction with shares, it is necessary to consider that investing in financial instruments carries the risk of not receiving the expected income, losing part or even all of the invested funds, and incurring potential expenses and losses.

• The value of shares may increase or decrease.
• Past investment results do not determine future returns.
• The government does not guarantee the profitability of investments in investment funds.

 State license №3.2.235/12 dated 10.07.2018 for conducting activities in the securities market.