PRESS RELEASE on the implementation of a deal on a long-term syndicated loans with leading international banks

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For the first time in the history of the Republic of Uzbekistan, JSC Navoi Mining and Metallurgical Company attracted an unsecured long-term syndicated loan for a period of 5 years from the leading international banks. The total amount of the deal is up to USD 1.2 billion. JP Morgan&Chase, Citi, Societe Generale, Credit Suisse, ICBC Standard, Halyk Bank and Deutsche Bank are involved in providing loan funds. The proceeds are to be used for general corporate purposes and capital expenditure of the company.

JSC NMMC expresses gratitude for fruitful cooperation to all international banks – partners involved in the transaction. This step is the first for JSC NMMC in terms of developing cooperation with global debt capital markets and prepares the company for the future placement of Eurobonds and IPO.

The transformation of JSC NMMC launched in 2019 has significantly strengthened the position of JSC NMMC in the gold mining industry and in the Republic of Uzbekistan. As a further step in the transformation of JSC NMMC into a global leader in the production of gold, we announce our goal of unifying operations with the responsible gold mining principles developed by the World Gold Council (World Gold Council) and with international cyanide management code.

The Press service of JSC NMMC.