PIAMG acted as execution broker for the approximately US$140 million transaction.

PIAMG served as execution broker for the acquisition.

Registered on the Tashkent Stock Exchange on 10 September 2026, the transaction covered 51 million ordinary shares, representing 51% ownership.

Consideration totalled UZS 1.646 trillion, approximately US$140 million.

For Portfolio Investments, the mandate demonstrates execution capability in a cross-border banking transaction on Uzbekistan’s domestic exchange. Our role was to execute the share acquisition as broker.

This material is provided for general information only and does not constitute investment, legal or tax advice, or an offer or solicitation in any jurisdiction.