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OFFER FOR SALE OF SHARES OF THE JOINT STOCK COMPANY "ELEKTRQISHLOQQURILISH"

Dear shareholders of the Joint Stock Company "ELEKTRQISHLOQQURILISH"!

We would like to inform you, that Joint Stock Company "Uralskaja Energeticheskaja Stroitelnaja Kompanija", a legal entity, established in accordance with the legislation of the Russian Federation (main state registration number 10459003360373) (hereinafter - "UESK JSC") on May 18, 2023 acquired 95,144 shares under the Share Purchase Agreement between UESK JSC and "UzAssets Investment company" JSC dated March 10, 2023, which in total constitutes 58.41% of the authorized capital of ELEKTRQISHLOQQURILISH JSC (hereinafter - "the Company").

Guided by the legislation of the Republic of Uzbekistan, in particular, part 4 of Article 40 [1] of the Law of the Republic of Uzbekistan "On Joint Stock Companies and Protection of Shareholders' Rights" No. ZRU-370 dated 06.05.2014 (the "Law on JSC"), UESK JSC invites the shareholders of the Company to sell their shares of the Company ("Shares") at market value, which as of June 09, 2023 is 369,000 (Three hundred sixty-nine thousand) sum per one Share.

Should you be interested in exercising your right to request the purchase of the Shares by UESK JSC at the above market value, please send your written consent in the form of an application ("Application"), within 30 calendar days from the date of publication of this Offer Announcement, i.e. until July 09, 2023, 23:59 Tashkent time. In particular, the Application must contain the following information:

The Company shall act as a centralized Applications acceptance and processing agent. Shareholders wishing to sell their Shares must download the Application form from the Company's corporate website (www.uzeqq.uz), or print it out otherwise, fill out and sign it, and Shareholders who are legal entities, should also put a round seal (if applicable).

The signed original of the Application must be sent by e-mail to [email protected] or delivered by hand to the corporate secretary of the Company at the address: Republic of Uzbekistan, Tashkent city, Mirzo-Ulugbek district, Buyuk Ipak Yuli st., 274.

The purchase and sale transaction, the payment for the purchased shares, as well as the transfer of shares to depo accounts shall be carried out in accordance with the legislation of the Republic of Uzbekistan.

Applications that do not contain the above information in full, or submitted in violation of the above-mentioned term, shall not be accepted.

In case a properly executed Application shall not be received within the time limits specified in this offer, it shall be deemed as a refusal of the shareholder to exercise his right to request the purchase of the Shares by UESK JSC.

Each shareholder is solely responsible for timely obtaining of corporate authorizations and approvals and for performing other actions, necessary for the sale of the Shares (including submission of the documents and information, required for debiting and crediting the Shares, to the investment intermediary), as well as for paying any commissions, fees and taxes, including payment for the services of the investment intermediary.

In case of any questions related to this announcement, or need for additional information or documents specified in the announcement, please contact the Corporate Secretary of the Company using the following contact details:

Offer date: June 09, 2023

Sincerely,

Zimenkova Darja Aleksandrovna

JSC "Uralskaja Energeticheskaja Stroitelnaja Kompanija"

A representative under power of attorney No. 66 AA7002601 dated December 10, 2021.

[1] Part 4 of Article 40 of the Law on JSC states that a person who has become the owner of 50 or more percent of the shares of the company shall be obliged, within thirty days, to announce an offer to the owners of the remaining shares to sell the shares at market value, if prior to that the person did not own the shares or owned less than 50 percent of the shares of this company. In case of receipt within thirty days from the date of announcement of a written consent of a shareholder to sell the shares owned by him, the owner of 50 and more percent of shares of the company shall be obliged to buy these shares.