"State Bank" today started its primary market trading by offering 5 percent of its total shares which is 37,475,000 shares to the public at MNT 590 each and raising MNT 22.1 billion.

Altai.Kh, CEO of the Mongolian Stock Exchange, opened the ceremony and said that

-"Today is a very important day for the stock market of Mongolia, and several important events are taking place. First of all, today is the most important step in the implementation of banking reform or bank reform as a matter of public policy. Mongolia's largest enterprise or 5 banks of the system should be open to the public before June 30 of next year. Following this, the State Bank is conducting a public primary market ceremony. I understand that this is not only a banking reform, but also a major step in the policy of improving the governance of state-owned companies, which is being carried out within the framework of the new revival policy. In addition, the Mongolian Stock Exchange is on the list to become the next public within the framework of this new revival policy, and it is expected to become public within this year, and FTSE Russell, the international world index company, classified the Mongolian stock market and the Mongolian stock exchange as Frontier Market. It's the day I received the good news that it was officially submitted. This in itself is a major platform for directly connecting the Mongolian stock market with the world's major investment funds and attracting foreign investment. It is directly related to all participants in the Mongolian stock market, improving the liquidity of the State Bank and all other companies issuing shares, and attracting foreign capital. I want to emphasize that it is an important event."

Also at this event, Javkhlan.B, Member of Parliament, Minister of Finance, Bayarsaikhan.D, Chairman of the Financial Regulation Committee, Tsengel.B, Head of State Procurement Agency, Telmuun.B Chairman of the Board of Directors "State Bank" LLC , Gantur.U Chief Executive Officer of "State Bank" LLC, Ulziibayar.B Chief Executive Officer of "Ulzii & Co" LLC made speeches Javkhlan.B, Member of Parliament, Minister of Finance, Gantur.U Chief Executive Officer of "State Bank" LLC solemnly opened the 6812th trading session of the Mongolian Stock Exchange and rang the bell.

As for the Mongolian Stock Exchange, orders for securities offered by "State Bank" in the primary market will be accepted through the IPO system starting today and ending on October 6 between 10:00 and 17:00.

MONGOLIA STOCK EXCHANGE