The Republic of Uzbekistan - Tender Offer 2024 (XS/US) - Launch

THE REPUBLIC OF UZBEKISTAN ANNOUNCES AN INVITATION TO PURCHASE NOTES FOR CASH - XS2365392450 - US91822Q2F39

17 MAY 2024

Full announcement including disclaimers and offer restrictions available via Lonse

17 May 2024 - The Republic of Uzbekistan (the "Issuer" or "Uzbekistan"), represented by the Ministry of Economy and Finance of the Republic of Uzbekistan has today launched an invitation to holders (the "Noteholders") of the UZS 2,500,000,000,000 14.00% Notes due 2024 (the "Notes") issued by the Issuer (Reg S ISIN: XS2365392450 / Reg S Common Code: 236539245 / 144A ISIN: US91822Q2F39 / 144A CUSIP: 91822Q2F3) to tender for purchase by the Issuer for cash any and all of such Notes, subject to the offer and distribution restrictions below, and upon the terms and subject to the conditions set forth in a tender offer memorandum dated 17 May 2024 (as it may be amended or supplemented from time to time, the "Tender Offer Memorandum"), in accordance with the procedures described therein. The invitation to tender the Notes for purchase is referred to herein as the "Tender Offer".

Tenders of the Notes pursuant to the Tender Offer will be irrevocable except in the limited circumstances described in the Tender Offer Memorandum.

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Summary of the Tender Offer

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"Rationale for the Tender Offer

The Issuer is carrying out the Tender Offer concurrently with the New Notes Offering in order to extend the weighted average maturity of its existing public debt and to refinance certain upcoming redemptions of public debt of the Issuer prudently and in advance."

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