"Golomt Bank" today started its primary market trading by offering 10 percent of its total shares which is 80,402,743 shares to the public at MNT1,285 each and raising MNT103.3 billion.

Altai.Kh, CEO of the Mongolian Stock Exchange, opened the ceremony and stated:

-"Today is a very important day for the stock and financial market of Mongolia, and several important events are taking place. Recent years, Mongolian government making such big law actions specially in capital market regulations which is an amendment to the banking law of Mongolia. Due to these amendments, Mongolian largest enterprises, 5 banks of the system ought to be open to the public before June 30, 2023. Enterprises which built the new history of Mongolian economy, becoming public is the biggest step for the market. In view of that fact, every citizen of Mongolia, from a child to an old age, all the people were bank customer, today the door is open to become an owner of the bank. In addition, every day business value will be established for "Golomt bank" by becoming public company and it is taking the capital market to the new level.   Today "Golomt bank" is offering 10 percent of its total shares and raising MNT 103.3 billion and this will be the biggest IPO on Mongolian capital market in recent 30 years. Wish high success to the community of "Golomt bank" and securities companies who worked on such high IPO.  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 prepared to become public within this year. This will be the base for stated owned companies and financial institutions to become public. Our capital market looking bright and shiny."

Also at this event, Enkhtaivan.G, Vice President of "Mongolbank", Tserenbadral.T, Deputy Chief of the Financial Regulation Committee, Munkhtsetseg.Ch Chairman of the Board of Directors, solemnly opened the 6848th trading session of the Mongolian Stock Exchange and rang the bell.

As for the Mongolian Stock Exchange, orders for securities offered by "Golomt Bank" in the primary market will be accepted through the IPO system starting today and ending on November 30 between 10:00 and 17:00.

MONGOLIA STOCK EXCHANGE