Extension of the tender offer on AIX

“SQIF Capital” JSC (the “Purchaser”), acting in its own name, but at the expense and in the interests of Adaptive Capital Limited, a direct subsidiary of Globaltrans Investment PLC, hereby announces the extension of the ongoing voluntary tender offer with respect to certain global depositary receipts of Globaltrans Investment PLC (ISIN: US37949E2046, special ISIN: US1CCCCCCCC0, special ticker: GLTR.BB¹)² as specified in the Memorandum (as defined below) (the “GDRs”, “Eligible GDRs” and “Tender Offer”, respectively) until 24 January 2025 (inclusive).

Extension of the Tender Offer

The Purchaser announces today that, based on the feedback received from certain GDR holders (including the number of prominent international institutional investors), it has come to the Purchaser’s attention that some of the holders may require additional time to complete the necessary formalities to proceed with the settlement of their Offers for the sale of securities in the Tender Offer.

In response to the relevant inquiries, to ensure fair treatment and enable the relevant holders of Eligible GDRs to participate in the Tender Offer as well as taking into account the upcoming holiday season in various jurisdictions, the Purchaser announces the extension of the Tender Offer until 3:00 p.m. (Astana time) on 24 January 2025.

The updated deadlines relating to the Tender Offer are set out in the timetable below. Other terms and conditions of the Tender Offer remain unchanged.

The times, dates and events shown in this table are subject to change at the sole and absolute discretion of the Purchaser.

Event	Date
Publication of the Memorandum	25 November 2024
Record date to determine eligibility for participation in the Tender Offer (the "Record Date")	25 November 2024
Commencement of the Offer Submission Period	11:00 a.m. (Astana time) on 27 November 2024
Offer Submission Period	11:00 a.m. – 3:00 p.m. (Astana time) on any day that is a trading day on AIX until the End of the Offer Submission Period (inclusive)
End of the Offer Submission Period	3:00 p.m. (Astana time) on 24 January 2025
Acceptance of the Offer of the relevant Holder of Eligible GDRs (the "Offer Acceptance Date")	By 4:30 p.m. (Astana time) on the date of submission of the Offer by the relevant Holder of Eligible GDRs during the Offer Submission Period
The transfer of Eligible GDRs to the Subsidiary and payments under the Transactions	After 4:30 p.m. (Astana time) on the relevant Offer Acceptance Date
Announcement of completion of the Tender Offer	As soon as practicable after completion of the Tender Offer

Highlights

• The investors who were the legal owners of Eligible GDRs as of the Record Date are invited to submit their Offers using the facilities of Astana International Exchange (“AIX”). Only GDRs that are held through the Central Securities Depository of AIX are eligible for the Tender Offer. Additional eligibility requirements are outlined in the Memorandum.

• The Tender Offer envisages daily settlements.

• An Offer may be submitted by a Holder of Eligible GDRs through a broker which is a trading member of AIX (“Broker”), except where such a holder is itself a trading member of AIX in which case it does not need to engage a Broker.

• The Tender Offer price has been set at USD 4.3 per 1 GDR, reflecting, as of the launch of the Tender Offer, the weighted average market price of the Company’s GDRs on AIX since trading commenced.

• The Tender Offer will cover up to 26,747,738 Eligible GDRs, representing up to approximately 15% of the Company’s share capital.

• Further information, including the instructions for participation in the Tender Offer, are described in the memorandum of the Purchaser dated 25 November 2024 and available on the website globaltrans.com and through the AIX Regulatory Announcement Service aix.kz (the “Memorandum”).

This announcement shall be read and construed in conjunction with the Memorandum which is amended and supplemented hereby. Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as those defined in the Memorandum.

FURTHER INFORMATION

• globaltrans.com
• aix.kz

ENQUIRIES

Should you have any questions related to the Tender Offer or need assistance, please use the contacts below:

Contacts for investors:

SQIF Capital
Nurlan Asilbekov
+7 (778) 003-03-76 (for English speakers)
+7 (778) 003-03-77 (for non-English speakers)
bb@sqif.kz
TG: @SQIF_CAPITAL
WA: wa.me/message
www.SQIF.kz

Investor Relations
Mikhail Perestyuk / Daria Plotnikova
+971 2 877 6840
irteam@globaltrans.com

Contacts for media
Anna Vostrukhova
+971 2 877 4166
media@globaltrans.com

EM
globaltrans@em-comms.com

¹ Special technical trading code allocated only for the purposes of submitting Offers.
² Special ISIN and special ticker specified above should be used only for the purposes of participation in the Tender Offer and not for any other purpose.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION