Fonte Capital Ltd Statement Regarding Transactions in Shares of Samolet Group PJSC
On July 30, 2026, Fonte Inceptia Alpha Fund OEIC Limited, a private investment company managed by Fonte Capital Ltd, acquired an approximately 18% stake in the ordinary voting shares of Samolet Group PJSC from the Horizon Fund.
The Investment Declaration of Fonte Inceptia Alpha Fund OEIC Limited provides, among other things, for investments in securities issued by companies experiencing unusual financial, corporate, or market circumstances, including distressed securities, as well as for capitalizing on pricing dislocations with the expectation of asset value recovery. These investment activities are consistent with the principles of Special Situations Investing.
The Fund was funded exclusively by Kazakhstani qualified investors. Despite the high level of investment risk, the disposal of the shareholding resulted in a positive financial outcome for the Fund.
The Fund's investment activities were conducted in accordance with applicable regulatory requirements and established investment procedures. The protection of investors' rights and interests remained a key priority in the investment decision-making process.
On September 18, 2026, the Fund completed the disposal of its entire shareholding in Samolet Group PJSC, thereby fully exiting the company's share capital. The shares were sold through open trading on a stock exchange.
Investment decisions relating to these transactions were made independently by Fonte Capital Ltd in its capacity as the Fund's investment manager, acting in the interests of the Fund and its investors, without any instructions from or arrangements with other parties to execute the transactions on their behalf or for their benefit.
Accordingly, statements circulated by certain media outlets suggesting that third parties were involved in these investment transactions or that the transactions were carried out for their benefit are inaccurate and do not reflect the actual circumstances.
Fonte Capital Ltd is committed to the principles of accuracy and transparency in its disclosures and encourages media representatives to rely on verified facts when reporting on the activities of the company and the funds under its management.