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RESOLUTION OF THE CABINET OF MINISTERS OF THE REPUBLIC OF UZBEKISTAN

of April 26, 2019 No. 358

About the organization of carrying out primary and secondary public offers of shares on the stock exchange

In pursuance of the Presidential decree of the Republic of Uzbekistan of August 1, 2018 and for the purpose of reducing share of the state and attraction on the stock market of general population the Cabinet of Ministers decides No. UP-5495 "About Measures for Cardinal Improvement of the Investment Climate in the Republic of Uzbekistan":

1. Agree with the offer of the Agency on management of the state assets of the Republic of Uzbekistan, the Ministry of Economy and Industry, the Ministry of Finance of the Republic of Uzbekistan, governing bodies of JSB Uzpromstroybank, JSB Alokabank, JSB Asia Alliance Bank, JSC Zhizzakh plastmassa, JSC Uzbek Republican Commodity and Raw Exchange on carrying out primary (IPO) and secondary (SPO) of public offers of shares of joint-stock companies to the population and subjects of entrepreneurship, including foreign investors, according to the list according to appendix No. 1.

2. To provide to agency on management of the state assets of the Republic of Uzbekistan, the interested ministries and departments initiation of consideration at meetings of governing bodies of joint-stock companies with the state share and bodies of economic board of question of carrying out primary (IPO) and secondary (SPO) of public offers of shares of the joint-stock companies specified in appendix No. 1 to this resolution.

3. Determine that:

operation of the resolution of the Cabinet of Ministers of October 6, 2014 No. 279 "About approval of regulations on procedure for privatization of objects of state-owned property" does not extend to implementation of the state blocks of shares of the joint-stock companies specified in appendix No. 1 to this resolution by their secondary public offer (SPO) on the stock exchange, including on determination of the price of their realization;

acquisition by one person (except the organizer of public offer of shares) shares of the joint-stock companies specified in appendix No. 1 to this resolution, implemented within this resolution shall not constitute more 0,1 of percent from total quantity of implementable shares if other is not established by the organizer of public offer of shares in coordination with the initiator;

bid price of shares by carrying out primary (IPO) and secondary (SPO) of public offers of shares is determined by the organizer of public offer of shares in coordination with the initiator proceeding from the methods provided by stock exchange rules.

4. Make changes to the resolution of the Cabinet of Ministers of May 10, 2017 No. 268 "About the organization of carrying out public offer of shares on the stock exchange" (the joint venture of the Republic of Uzbekistan, 2017, No. 5, the Art. 65) according to appendix No. 2.

5. Recommend to National broadcasting company of Uzbekistan, National news agency of Uzbekistan together with Agency on management of the state assets of the Republic of Uzbekistan extended coverage and explanation in mass media of essence and contents of this resolution.

6. To impose control of execution of this resolution on the deputy prime minister of the Republic of Uzbekistan E. M. Ganiyev.

Prime Minister of the Republic Uzbekistan1

 Abdullah Aripov

Appendix No. 1

to the Resolution of the Cabinet of Ministers of the Republic of Uzbekistan of April 26, 2019 No. 358

The list of joint-stock companies which shares are implemented by way of primary (IPO) and secondary (SPO) of public offers of shares

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