The Republic of Uzbekistan - Tender Offer - Amendment

THE REPUBLIC OF UZBEKISTAN TENDER OFFER AMENDMENT

02 OCTOBER 2023

Full announcement including disclaimers and offer restrictions available via Lonse

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"Amendment to Tender Offer

The Issuer today announces that it will accept for purchase all Notes validly tendered pursuant to the Tender Offer at or prior to the Expiration Deadline so that no Maximum Acceptance Amount or proration will apply, which amends the terms of the Tender Offer as set out in the Tender Offer Memorandum.

A summary of the Tender Offer as so amended is set out below:"

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

28 SEPTEMBER 2023

Full announcement including disclaimers and offer restrictions available via Lonse

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"28 September 2023 - 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 2,000,000,000,000 14.50% Notes due 2023 (the "Notes") issued by the Issuer (Reg S ISIN: XS2264056313/ Reg S Common Code: 226405631 / 144A ISIN: US91822Q2D80 / 144A CUSIP: 91822Q2D8) to tender for purchase by the Issuer for cash up to UZS 1,000,000,000,000 in aggregate principal amount (the "Maximum Acceptance Amount") 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 28 September 2023 (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 the major share of upcoming redemptions of public debt of the Issuer prudently and in advance."

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