News Release

Apr. 08, 2014 JPX The Republican Stock Exchange "Toshkent" and Japan Exchange Group signed a Memorandum of Understanding

The Republican Stock Exchange "Toshkent" (hereinafter RSE "Toshkent") and Japan Exchange Group, Inc. (hereinafter "JPX") signed a Memorandum of Understanding (hereinafter "MOU") on April 8, 2014 in order to establish a mutual agreement on long-term cooperation and furthering stock exchange development in Uzbekistan.

JPX and RSE "Toshkent" will share their mutual knowledge and experience in order to support stock exchange development and contribute to the development of a capital market within Uzbekistan. The MOU concluded with RSE "Toshkent" is the first step in achieving this plan.

In 2013, representatives of RSE "Toshkent" and other securities market regulators visited Japan where JPX introduced an overview of the Japanese capital market, as well as JPX's operations and trading systems. Today, RSE and JPX signed the MOU at the ceremony of RSE "Toshkent" 's 20th anniversary since its establishment as a stock exchange in accordance with the legislation of the Republic of Uzbekistan. With respect to the experience of Japanese stock exchanges, the signing of the MOU will bolster partnership between the parties and help to improve the securities market of Uzbekistan. The signing of the MOU provides for communication and collaboration on topical areas to exchange information on self-regulatory activities, timely disclosure, and IT infrastructure.

Mr. Atsushi Saito, CEO of Japan Exchange Group, said, "Congratulations to RSE 'Toshkent' on your 20th anniversary. We are very pleased to have concluded the Memorandum of Understanding with RSE 'Toshkent.' As Uzbekistan is a country with high prospects for economic growth, we take great pleasure in discussing our support for further development of its capital market. I am confident that the development will contribute to Uzbekistan's overall growth and development."

Mr. Shakhriyorov B., the Chairman of RSE "Toshkent" said, "I would like to express my gratitude to representatives from JPX coming to Tashkent. Our cooperation through this agreement is an important milestone in promotion of a strategic partnership through the exchange of experience, ideas, information, and knowledge. We hope for a continuation of successful cooperation for the benefit of our common interests, as well as a further increase in performance achieved by working together."

Japan Exchange Group, Inc.

Japan Exchange Group, Inc., one of the leading exchange groups in the world, is a holding company established on January 1, 2013 as a result of a business combination between Tokyo Stock Exchange, the largest stock exchange in the Asia-Pacific region, and Osaka Exchange, a major derivatives exchange. JPX listed its stock on TSE on January 4 of the same year.

The TSE stock market reached approximately USD 4.5 trillion in market capitalization (JPY 478 trillion) as of the end of December 2013 while OSE provides markets for major Japanese derivatives such as Nikkei 225 futures, TOPIX futures, and JGB futures.

For further information about JPX and its products, please visit our website.

Republican Stock Exchange "Toshkent"

The Republican Stock Exchange "Toshkent" (RSE "Toshkent") is a juridical person established in accordance with the Order of the President of the Republic of Uzbekistan "on measures to further deepen economic reforms, protect private property and development of entrepreneurship" (No. 745 on January 21, 1994). RSE "Toshkent" along with other organizations of securities market infrastructure (Central depository and Secondary level depositories, brokerage offices, etc.) prepares all necessary conditions for free access for all subjects of the stock market to invest resources through activation of securities transactions.

Joint stock companies of Uzbekistan have the opportunity to attract investment resources for their development by realization of their own securities through trading platforms of the Republican Stock Exchange "Toshkent"