Kazatomprom S Regulatory News (KAP)

AIX: KAP, KAP.Y (GDR)

LSE: KAP (GDR)

30 January 2025, Astana, Kazakhstan

Kazatomprom obtains the right for uranium exploration at a new block

National Atomic Company Kazatomprom JSC announces that it has obtained a subsoil use license for uranium exploration at Inkai-Mynkuduk block, the northern flank of the Inkai deposit located in the Shu-Sarysu uranium province in Suzak district of Turkestan region. The license is granted exclusively to Kazatomprom allowing uranium exploration for the period of 6 years with a possibility of a 5-year extension.

"Exploration of Inkai-Mynkuduk block is an important part of our updated strategy aimed at expansion and efficient use of our mineral resource base, reinforcing the company's sustainable growth. Our estimates provide comfort for the block's potential, marking Inkai-Mynkuduk as a promising asset for long-term development. We are proud that our efforts in prospecting and exploration of uranium deposits are delivering visible results which strengthen our leadership position in the global uranium market", - said Meirzhan Yussupov, CEO of Kazatomprom.

Preliminary data shows that inferred uranium resources in P1 and P2 categories are estimated at more than 20 thousand tonnes. Our exploration efforts will aim to convert these resources into C1 and C2 categories, maximising the block's potential and supporting the Company's long-term strategic goals.

Amid growing attention to environmental sustainability and energy security, nuclear energy is becoming a key element of the global transition to clean energy. The Company strives to support this global transition paving the way for a sustainable future and strengthening its position as an international leader in the nuclear industry.

For more details, please contact:

Public Relations and Media Inquiries

Altynay Karibzhanova, Chief Expert, Public Relations

Tel: +7 7172 45 80 63

Email: pr@kazatomprom.kz

Investor Relations Inquiries

Botagoz Muldagaliyeva, Director, Investor Relations

Tel.: +7 7172 45 81 80/69

Email: ir@kazatomprom.kz

About Kazatomprom

Kazatomprom is the world's largest producer of uranium with the Company's attributable production representing approximately 20% of global primary uranium production in 2023. The Group benefits from the largest reserve base in the industry and operates, through its subsidiaries, JVs and Associates, 27 deposits grouped into 14 mining assets. All of the Company's mining operations are located in Kazakhstan and extract uranium using ISR technology with a focus on maintaining industry-leading health, safety and environment standards (ISO 45001 and ISO 14001 certified).

Kazatomprom securities are listed on the London Stock Exchange and the Astana International Exchange. Kazatomprom is the national atomic company in the Republic of Kazakhstan, the Group's primary customers are operators of nuclear generation capacity, the principal export markets for the Group's products are China, South and Eastern Asia, Europe and North America. The Group sells uranium and uranium products under long-term contracts, short-term contracts as well as in the spot market, directly from its headquarters in Astana, Kazakhstan, and through its Switzerland-based trading subsidiary, Trade House KazakAtom AG (THK).

For more information, please see the Company website at www.kazatomprom.kz.

Forward-looking statements

All statements other than statements of historical fact included in this communication or document are forward-looking statements. Forward-looking statements give the Company's current expectations and projections relating to its financial condition, results of operations, plans, objectives, future performance and business. These statements may include, without limitation, any statements preceded by, followed by or including words such as "target," "believe," "expect," "aim," "intend," "may," "anticipate," "estimate," "plan," "project," "will," "can have," "likely," "should," "would," "could" and other words and terms of similar meaning or the negative thereof. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the Company's control that could cause the Company's actual results, performance or achievements to be materially different from the expected results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the Company's present and future business strategies and the environment in which it will operate in the future.

THE INFORMATION WITH RESPECT TO ANY PROJECTIONS PRESENTED HEREIN IS BASED ON A NUMBER OF ASSUMPTIONS ABOUT FUTURE EVENTS AND IS SUBJECT TO SIGNIFICANT ECONOMIC AND COMPETITIVE UNCERTAINTY AND OTHER CONTINGENCIES, NONE OF WHICH CAN BE PREDICTED WITH ANY CERTAINTY AND SOME OF WHICH ARE BEYOND THE CONTROL OF THE COMPANY. THERE CAN BE NO ASSURANCES THAT THE PROJECTIONS WILL BE REALISED, AND ACTUAL RESULTS MAY BE HIGHER OR LOWER THAN THOSE INDICATED. NONE OF THE COMPANY NOR ITS SHAREHOLDERS, DIRECTORS, OFFICERS, EMPLOYEES, ADVISORS OR AFFILIATES, OR ANY REPRESENTATIVES OR AFFILIATES OF THE FOREGOING, ASSUMES RESPONSIBILITY FOR THE ACCURACY OF THE PROJECTIONS PRESENTED HEREIN.

The information contained in this communication or document, including but not limited to forward-looking statements, applies only as of the date hereof and is not intended to give any assurances as to future results. The Company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to such information, including any financial data or forward-looking statements, and will not publicly release any revisions it may make to the Information that may result from any change in the Company's expectations, any change in events, conditions or circumstances on which these forward-looking statements are based, or other events or circumstances arising after the date hereof.