The State Assets Management Agency of the republic of Uzbekistan

As previously announced, the final stage of the international open privatization process for the sale of a 100% state share in the charter capital of LLC “Universal Mobile Systems” (MobiUz) is ongoing.

To ensure transparency and competitiveness of the privatization process, the following international consultants (hereinafter – Consultants) have been engaged:

• Rothschild & Co – as strategic and financial consultant;
• KPMG – as financial consultant and provider of financial, tax and legal vendor due diligence;
• Deloitte – as independent appraiser.

The primary objective of the current privatization process of MobiUz is to maximize the economic value from the sale of the Company for the Republic of Uzbekistan. In this regard, in order to achieve the best outcome in a competitive environment, certain parameters of the sales process may be refined through appropriate adjustments.

At the current stage, the State Assets Management Agency invites participants to improve their previously submitted proposals by resubmitting Binding Offers (BO) by 23:59 (Tashkent time) on April 20, 2026.

The Consultants will send individual Process Letters to all participants outlining the next steps and further details of the process.

The State Assets Management Agency, together with the Consultants, will continue to ensure transparency of the process and keep participants and the public informed about the progress of the privatization.

Disclaimer

The State Assets Management Agency reserves the right to amend the sequence of the sale process or decline the sale to any potential buyer(s), or to discontinue negotiations with them at any time without providing reasons.

This announcement, in whole or in part, shall not be construed as creating any form of obligation on the part of the State Assets Management Agency with respect to the sale of the Company that might otherwise be implied by its publication. The State Assets Management Agency reserves the right, at its sole discretion, at any time and in any manner, without assuming joint or individual responsibility, to:

(i) amend the timeline for any stage of the privatization process;

(ii) apply different procedures to different interested parties and/or negotiate with one or more potential buyers according to a process and schedule determined by the State Assets Management Agency, excluding any other potential buyer(s) without prior notice;

(iii) terminate the sale process for any specific reason;

(iv) and/or discontinue any discussions and negotiations with any potential buyer(s) regarding the Transaction at any time and without explanation.