Freedom Holding Corp., formerly BMB Munai, Inc., owns FFIN Securities, Inc. (FFIN), which is its subsidiary. FFIN is assessing whether to resubmit the necessary applications to pursue licensure to conduct business as the United States securities broker-dealer. The Acquisition Agreement also provides for the Company to acquire securities brokerage and financial services businesses in Russia, Kazakhstan, and Cyprus to build an international brokerage and financial service firm. FFIN was formed for the purpose of primarily serving brokerage clients referred from foreign brokerage firms under common ownership as part of a strategy to provide foreign customers with access to the United States securities markets. As of March 31, 2016, the Company had not generated any revenues.

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Freedom Holding

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