Astana, November 3, 2025 — ForteBank has successfully completed its debut issuance of perpetual subordinated bonds (Additional Tier 1) in the amount of USD 400 million, with a coupon rate of 9.75% per annum. This marks the first AT1 transaction in the recent history of Kazakhstan’s capital market - a landmark event that signifies a new stage in the development of the country’s financial system. The transaction was structured in accordance with Rule 144A/Reg S standards and is listed on both the Vienna MTF and the Astana International Exchange (AIX). The bonds were issued under English law and fully comply with Basel III requirements. The instrument is expected to be included in the bank’s additional tier 1 capital in tenge. Strong demand from international investors resulted in the order book being nearly three times oversubscribed. More than one hundred investors participated in the transaction, with significant allocations to investors in the United Kingdom (44%), the United States (22%), Continental Europe (20%), and the Middle East and Asia (14%). The geographical diversification and quality of the investor base demonstrate significant global interest in ForteBank’s instruments and growing confidence in Kazakhstan within international capital markets. “The AT1 issuance is an investment in the future. This instrument lays the foundation for the bank’s continued growth and will enable us to expand lending to the real economy and support Kazakhstan’s business community. We continue to pursue our sustainable development strategy while maintaining our main focus - supporting the real sector and creating long-term value for the country,” said Timur Issatayev, Chairman of the Board of Directors of ForteBank. The transaction was arranged by J.P. Morgan as Global Coordinator and Bookrunner, with First Abu Dhabi Bank, Commerzbank, and Mashreq acting as Joint Bookrunners, and ForteFinance serving as the Kazakhstan placement partner. The AT1 issuance forms part of ForteBank’s long-term strategy to strengthen its capital structure, diversify funding sources, and expand access to international capital markets. The proceeds will be used to further enhance the bank’s financial resilience and support the growth of its business. ForteBank is one of Kazakhstan’s largest private banks, offering a full range of services to corporate, retail, and SME clients. The bank consistently ranks among the leaders in assets and capital, actively develops digital solutions, promotes sustainable finance, and has received international recognition for innovation and service quality. Background: AT1 instruments are perpetual subordinated securities that are included in additional Tier 1 capital. They have no fixed maturity date, allow the issuer to suspend coupon payments if necessary, and may be written down or converted into equity if the Common Equity Tier 1 (CET1) ratio falls below a specified threshold. Such instruments enhance the stability of the banking system and protect creditors and depositors. Media Contacts: ForteBank JSC PR Department press@fortebank.com +7 (7172) 599 999

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