| Element List | Explanation |
|---|---|
| Introduction | Miahona announces the signing of two new Development Agreements: The first Agreement with: • The Ministry of Investment, Industry, and Trade of the Republic of Uzbekistan • The Ministry of Water Resources of the Republic of Uzbekistan This Development Agreement outlines the exclusive collaboration for the rehabilitation and/or replacement of a list of identified pumping stations for irrigation water in Karakalpakstan. The project will be developed on a long-term Rehabilitate, Operate, and Transfer “ROT”, model , The second Agreement with: • The Ministry of Investment, Industry, and Trade of the Republic of Uzbekistan • The Supreme Council for Karakalpakstan • Uzsuvtaminot Joint Stock Company This Development Agreement outlines the collaboration for exploration and development of water and wastewater treatment infrastructures and water distribution in Karakalpakstan. During the development phase, the most suitable long-term business model for each project will be identified and consolidated. |
| Memorandum Signing Date | 2025-09-04 Corresponding to 1447-03-12 |
| Counterparty | The first Agreement with: • The Ministry of Investment, Industry, and Trade of the Republic of Uzbekistan • The Ministry of Water Resources of the Republic of Uzbekistan , The second Agreement with: • The Ministry of Investment, Industry, and Trade of the Republic of Uzbekistan • The Supreme Council for Karakalpakstan • Uzsuvtaminot Joint stock Company |
| Memorandum Subject | The new Development Agreements aim to solidify Miahona’s position in The Republic of Uzbekistan, with specific reference to strategic water infrastructures in the Republic of Karakalpakstan. The first Agreement sets the foundations for a collaboration in the space of rehabilitating and operating water irrigation network infrastructures. The second Agreement paves the way for exploring new opportunities in the potable water treatment and distribution, and in the wastewater space in the Republic of Karakalpakstan. The new Agreements add on to Miahona’s development pipeline as described in the previously announced agreement for long-term development of strategic water and wastewater infrastructures in the regions of Fergana and Jizzakh, in partnership with the Government of the Republic of Uzbekistan and local water utility Uzsuvtaminot. |
| Memorandum Duration | The effect of the new Development Agreements shall remain in force for 1 year or such later date as may be agreed by the Parties in good faith. |
| Related Parties | None |
| Financial Impact | The financial impact to be determined at a later stage post completion of a due diligence exercise. |
