Annual Financial Report

Kcell JSC

Audited Financial Accounts and Management's Responsibility Statement for 2020

Almaty, 3 March 2021 - Kcell Joint Stock Company ("Kcell" or the "Company") (LSE, KASE: KCEL; AIX: KCEL, KCEL.Y), the leading provider of mobile telecommunications services in Kazakhstan, announces that it has published its Audited Financial Accounts and Management's Responsibility Statement for the financial year ended 31 December 2020. The Company's Audited Financial Accounts and Management's Responsibility Statement for 2020 have been submitted to the UK Listing Authority for publication through the National Storage Mechanism where it will shortly be available for inspection at https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism.

The report is also available on the Company's website at https://investors.kcell.kz/en.

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Company Overview

Kcell provides mobile voice telecommunications services, messaging services, value-added services (VAS) such as multimedia and mobile content services, as well as data transmission services including internet access. It has two brands: the Kcell brand, which is targeted primarily at corporate subscribers (including government subscribers), and the Activ brand, which is targeted primarily at mass-market subscribers. The Company offers its services through its extensive, high quality network which covers substantially all of the territory of Kazakhstan.

The Company intends to continue to invest in the deployment of its 3G/4G network to expand coverage and to introduce high quality services. Kcell aims to maintain high standards of service in the market by offering its products and services at competitive prices, expanding its offering of products and services, maintaining the quality of its network and enhancing its brand value.