According to Section 2.1 of Article No 2 of "Rules to purchase and make an offer to purchase shares of listed companies" by the FRC, "Ard Financial Group" JSC, a controlling shareholder of "Khuvsgul" JSC, has made a tender offer to purchase 48,690 common shares at the price of MNT 84 per share from other shareholders.

Offering price:                                                                                MNT 84

Number of shares to purchase:                                                    48,690

The commencement date of the offer to purchase shares:       August 28, 2023.

The expiration date of the offer to purchase shares:                 September 29, 2023.

Payment date:                                                                                 October 02, 2023.

Address: Central Tower 17^th Floor, Sukhbaatar square-2, Sukhbaatar district, 8th khoroo, Ulaanbaatar, Mongolia.

Telephone: 77078181

MONGOLIAN STOCK EXCHANGE