Last checked at 14 Dec 2018 07:10
14 December 2018 Astana
PRESS RELEASE
Kazatomprom completes the acquisition of a 40.05% share in Energy Asia (BVI) Limited
and 16.02% in JV "Khorasan-U" LLP
National atomic company Kazatomprom JSC (hereinafter - "Kazatomprom" or "the Company") announces the completion of the transaction on acquisition of 40.05% shares of Energy Asia (BVI) Limited (hereinafter - "EAL") and 16.02% participatory interest in the chartered capital of JV "Khorasan-U" LLP from Energy Asia Holdings (BVI) Limited.
As a result of the completed transaction Kazatomprom's ownership structure of the "Baiken-U" LLP, "Kyzylkum" LLP and JV "Khorasan-U" LLP becomes 52.5%, 50% and 50% respectively.
The Company's intention to increase its effective equity interests in the abovementioned assets was reflected in the IPO Prospectus.
A copy of this announcement will be made available at www.kazatomprom.kz.
For further details please contact:
Kazatomprom Investor Relations
Tel: +7 7172 45 81 80
Email: ir@kazatomprom.kz
Kazatomprom Public Relations
Tel: +7 7172 45 80 63
Email: pr@kazatomprom.kz
About Kazatomprom
Kazatomprom is the world's largest producer of uranium, representing approximately 20% of total global uranium primary production in 2017. The Group benefits from the largest reserve base in the industry, with attributable uranium reserves of just under 300 ktU. Kazatomprom operates, through its subsidiaries, JVs and Associates, 26 deposits grouped into 13 mining assets, all of which are located in Kazakhstan. All of the Group's uranium deposits are suitable for ISR. A combination of the cost-efficient, low impact ISR technology and a long-life mining asset base allows the Group to remain sustainably among the leading and the lowest cost uranium producers globally.
Forward-looking statements
This document includes statements that are, or may be deemed to be, ''forward-looking statements''. These forward-looking statements can be identified by the use of forward-looking terminology including, but not limited to, the terms ''believes'', ''estimates'', ''anticipates'', ''expects'', ''intends'', ''may'', ''target'', ''will'', or ''should'' or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. These forward-looking statements include all matters that are not historical facts. They include, but are not limited to, statements regarding the Company's intentions, beliefs and statements of current expectations concerning, amongst other things, the Company's results of operations, financial condition, liquidity, prospects, growth, potential acquisitions, strategies and as to the industries in which the Company operates. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances that may or may not occur. Forward-looking statements are not guarantees of future performance and the actual results of the Company's operations, financial condition and liquidity and the development of the country and the industries in which the Company operates may differ materially from those described in, or suggested by, the forward-looking statements contained in this document. The Company does not intend, and does not assume any obligation, to update or revise any forward-looking statements or industry information set out in this document, whether as a result of new information, future events or otherwise. The Company does not make any representation, warranty or prediction that the results anticipated by such forward-looking statements will be achieved.