Freedom attracted funding from an investment fund

Freedom Holding Corp. and Kokzhiyek Fund L.P., whose main investor is JSC “Qazaqstan Investment Corporation”, a subsidiary of JSC “National Investment Holding Company “Baiterek”, hereinafter referred to as the Subsidiary of JSC “NIH “Baiterek”, have signed an agreement on bond financing for the investment projects of the Freedom group of companies.

Under the agreement, investment projects in Kazakhstan will be financed, including data centers, a computing AI cluster, trunk communication lines, international channels and platforms, cross-border trade and logistics, and other projects in various sectors of the economy.

Freedom is consistently developing digital and technological infrastructure and services: expanding telecommunications assets and working with government bodies to create digital and computing infrastructure. The agreement is part of the group’s current development plan, and the implementation of projects is aimed at expanding the range of digital solutions for clients and businesses.

The cooperation between Freedom and the Subsidiary of JSC “NIH “Baiterek” combines the investment opportunities of institutional capital with the entrepreneurial experience and technological expertise of private business. This combination will help accelerate the implementation of strategic projects and create new points of economic growth for Kazakhstan.

An agreement of this scale is a recognition of the significance of our projects, and we view the participation of the “Baiterek” group as trust in Freedom. We strive to ensure that Kazakhstan’s digital infrastructure meets world standards and is competitive not only in the region but also on the global market. To achieve this, it is necessary to have technological capacity, communication channels, and logistics infrastructure of the appropriate scale. Financing under the agreement will enable the implementation of major projects aimed at developing the country’s digital infrastructure and strengthening its digital sovereignty.

About the Company

Freedom Holding Corp. is a holding company of a diversified group of companies providing financial services, engaged in brokerage activities, securities trading, investment research and consulting, investment banking and underwriting services, mortgages, insurance, telecommunications, online sale of airline tickets and tickets for cultural and sporting events, providing online supermarket services, and many others. Including subsidiaries, Freedom Holding Corp. employs more than 11,800 people. The holding’s divisions and subsidiaries are located in 22 countries, including Kazakhstan, the United States, Cyprus, Poland, Spain, Uzbekistan, and others. Ordinary shares of Freedom Holding Corp. are registered with the U.S. Securities and Exchange Commission and trade under the ticker FRHC on the Nasdaq Capital Market.

JSC “National Investment Holding Company “Baiterek” is an integrated state development institution of the Republic of Kazakhstan. It was created to diversify the economy and support key sectors of the economy of the Republic of Kazakhstan. The holding group includes joint stock companies “Bank of Development of Kazakhstan”, “Industrial Development Fund”, “Damu” Entrepreneurship Development Fund, “Otbası Bank”, “Kazakhstan Housing Company”, “Kazakhstan Export-Credit Agency”, “Agrarian Credit Corporation”, Qazaqstan Investment Corporation, and other companies.

Kokzhiyek Fund L.P. is a private equity fund registered in the jurisdiction of the Astana International Financial Centre to finance large projects in priority sectors of the economy.

This announcement does not constitute an offer or invitation to purchase or subscribe for securities in the United States and does not form part of such an offer or invitation. The securities offered under the bond financing have not been and will not be registered under the U.S. Securities Act. They may not be offered or sold in the United States or to U.S. persons without registration or an applicable exemption from the registration requirements of the U.S. Securities Act. Hedging transactions with securities are permitted only in compliance with the U.S. Securities Act.

This announcement contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Typically, such statements can be identified by words such as “may,” “will,” “might,” “should,” “believes,” “expects,” “plans,” “estimates,” “predicts,” “potential,” “intends,” “plan,” “goal,” “future,” their variations, or similar expressions. Such statements include, among other things, statements regarding the financing of investment projects of the Freedom Holding Corp. group, development plans of the group, expansion of the range of digital solutions, implementation of strategic projects, and creation of new points of economic growth, development of digital infrastructure, and strengthening of the country’s digital sovereignty. These forward-looking statements are based on current expectations or beliefs. They may change as circumstances change and are subject to a number of risks and uncertainties, which could cause actual results to differ materially from those indicated in the forward-looking statements. Such risks include, in particular, the risks specified in Item 1A “Risk Factors” of the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2026, which was filed with the U.S. Securities and Exchange Commission on June 1, 2026. All forward-looking statements are made solely as of the date of this announcement. Except as required by law, Freedom Holding Corp. undertakes no obligation to update these forward-looking statements in light of new information, future events, or otherwise.