TRADING TIME

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

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	09:00	12:00	12:00	21:00	21:00	03:45 (next calendar day)
RFQ Trading Mode			T1	09:00	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)*
			T0	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)**

¹– 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.