Joint Stock Co Kaspi.kz → D-MARKET Electronic Services & Trading HEPS

The purpose of the Reporting Person's transactions in the Issuer's securities, including the transaction reported in this Amendment No. 8, is to have a substantial controlling interest in the Issuer and to increase that interest if and when appropriate. The Reporting Person re-examines its investment in the Issuer on a continuing basis. Any actions the Reporting Person might undertake with respect to its investment may be made at any time and from time to time and will be dependent upon the Reporting Person's review of numerous factors, including, but not limited to: ongoing evaluation of the price levels of the Issuer's securities; general market, industry and economic conditions; and other factors and future developments. The Reporting Person considers regularly and may explore and/or develop plans and/or formulate proposals with respect to its investment in the Issuer and propose or consider one or more of the actions described in subparagraphs (a) - (j) of Item 4 of Schedule 13D.