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The National Investment Fund of the Republic of Uzbekistan JSC announced on 20 July 2026 that it expects its net asset value as of 30 June 2026 to increase materially compared to the previously published NAV as of 31 May 2026. This expectation is based on a substantially completed semi-annual independent valuation update for its portfolio holdings. The full NAV report for 30 June 2026 is anticipated for publication on Tuesday, 21 July 2026.
| Date | 20 Jul 2026 |
| Time | 08:00:00 |
| Category | Corporate updates |
| ID | 9772M |
The "National Investment Fund of the Republic of Uzbekistan" JSC
LEI: 254900QS7VSE8KIDBL52
Notification on Expected NAV Update
London and Tashkent, 20 July 2026 - The "National Investment Fund of the Republic of Uzbekistan" JSC (the "Company" - LSE: UZNF, UZ20; RSE "Toshkent": UZNF) announces that, based on the substantially completed semi-annual independent valuation update for UzNIF's portfolio holdings and subject to finalisation of the June 2026 NAV report, the Company expects its net asset value as of 30 June 2026 to increase materially compared with the previously published NAV as of 31 May 2026.
The expected increase is primarily attributable to updated fair values for certain of UzNIF's unlisted and illiquid listed holdings, based on valuation reports prepared with the assistance of an independent valuer. The valuation methodologies applied to the relevant holdings remain unchanged, although relevant valuation inputs and assumptions have been updated in the ordinary course.
The full NAV report for 30 June 2026 is expected to be published on Tuesday, 21 July 2026. Further details on the key drivers of the NAV movement will be provided in the June 2026 NAV report and during the Company's upcoming H1 investor call.
This announcement contains inside information for the purposes of Article 7 of the UK Market Abuse Regulation. Upon publication of this announcement, the inside information contained in this announcement is considered to be in the public domain.
Enquiries:
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Franklin Templeton
Investor Relations / Enquiries: |
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Aliy Akbarov, Investor Relations Manager |
+998 95 382 0880 |
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Hudson Sandler (Financial PR) |
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Charlie Jack / Maria Shiryaevskaya |
+44 20 7796 4133 |
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Alisher Makhsudov |
+998 91 409 97 79 |
About UzNIF
UzNIF was established in December 2024 as a joint-stock company in Uzbekistan following the adoption of the Decree of the President of the Republic of Uzbekistan "On the establishment of the National Investment Fund of the Republic of Uzbekistan" dated 27 August 2024.
FE "Franklin Templeton Asset Management" LLC, a company incorporated in Uzbekistan, a wholly owned indirect subsidiary of Franklin Resources, Inc. based in Tashkent, was appointed as Trustee of UzNIF, following the signing of an Investment Management Agreement with the Ministry of Economy and Finance of Uzbekistan. The Trustee was appointed as trustee of the Company effective 1 May 2025, and all management powers were transferred to the Trustee on 11 August 2025.