TRADING TIME

for Qualified Investments relating to the "ITS World ETFs" Instrument Group¹

Trading mode			Settlement Code	Morning extra session		Main trading session		Extra trading session
Trading mode			Settlement Code	Start time (UTC+5)	End time (UTC+5)	Start time (UTC+5)	End time (UTC+5)	Start time (UTC+5)	End time (UTC+5)
Main trading mode	Continuous Auction	“No Additional Liquidity” Period	T1	10:00	12:00	12:00	21:00	21:00	03:45 (next calendar day)
RFQ Trading Mode			T1	10:00	12:00	12:00	21:00	21:00	03:45 (next calendar day)
Negotiated Transaction Mode			T1	08:30	12:00	12:00	21:00	21:00	03:45 (next calendar day)
			T0	08:30	12:00	12:00	21:00*	21:00*	03:45 (next calendar day)*
			T0²	08:30	12:00	12:00	21:00*	-	-
NT with CC of the Negotiated Transaction Mode			T1	08:30	12:00	12:00	21:00	21:00	03:45 (next calendar day)
NT with CC of the Negotiated Transaction Mode			T0	08:30	12:00	12:00	21:00*	21:00*	03:45 (next calendar day)*
Intra-Broker NTM			T0	-	-	15:30	21:00	21:00	03:45 (next calendar day)**
“Negotiated Repurchase with the Central Counterparty” Trading Mode			Т0Т1	10:00	12:00	12:00	21:00*	21:00*	03:45 (next calendar day)*
Intra-Broker Repurchase Agreement “Negotiated Repurchase with the CC” Trading Mode			Т0Т1	-	-	15:30	21:00	21:00	03:45 (next calendar day)**

²– for Qualified Investments included in the List of Securities with Full Collateral.

* - there is a ban on the submission of Orders for all Trading Members from 15:30 (Astana time) till the end of the trading period of ITS Ltd.

** - there is a ban on the submission of Orders for all Trading Members from 00:00 (Astana time) till the end of the trading period of ITS Ltd.