In accordance with the announcement of the State Assets Management Agency on November 4 this year, on the stage of acceptance of Binding Offers (BO) for the purchase of 100% state share in the authorized capital of "Avto Climate Control" LLC (hereinafter - the "Asset"), the following is reported:

According to the requests of applicants to provide additional time for a comprehensive analysis of financial and economic activities of the Asset in the preparation of binding offers, as well as based on the recommendation of the privatization consultant Portfolio Investments, all applicants are informed about the extension of the deadline for receipt of Binding Offers (BO) until 18:00 (Tashkent time) on December 30, 2024.

At the same time, in order to ensure a competitive environment, the Consultant will in parallel continue its efforts to attract more potential investors to the sales process and will receive Expression of Interest applications.

All other information of the previously published announcement about the stage of acceptance of Binding Offers (BO) remains unchanged.

DISCLAIMER

The State Assets Management Agency reserves the right to change the sequence of the privatization process or refuse to sell to any potential buyer(s) or negotiate with them at any time without explanation.

This announcement, or any part of its content, should not be taken as a form of obligation on the part of the State Assets Management Agency, "Portfolio Investments" in relation to the Asset sale, as one might assume in connection with the publication of this announcement. The State Assets Management Agency and "Portfolio Investments" reserves the right, in its sole discretion, at any time and in any respect, without assuming joint or individual responsibility:

(i) Change the deadline for submission of applications;

(ii) Follow different procedures with respect to different stakeholders and/or negotiate with one or more potential buyers within the schedule and procedure established jointly by the State Assets Management Agency and "Portfolio Investments", to the exclusion of any other potential buyer(s) without prior notice;

(iii) Stop the sale process for any reason;

(iv) Stop all discussions and negotiations with any potential buyer(s) in relation to the Transaction at any time and without explanation.