5el : Press release 31.10.2017

October 31, 2017, Lausanne & Astana - Astana International Financial Center, the financial hub recently established by the Government of Kazakhstan to facilitate international flows of trade and finance including the quickly developing commerce across One Belt One Road Initiative, signed the Memorandum of Understanding with the Swiss-listed 5EL SA, to lead on designing and implementing the blockchain innovation initiative code named "Bright Chain".

Bright Chain will aim to attract and support technology developers and companies seeking to develop and operate commercial applications of blockchain technology in the areas of finance, trade and logistics. Established on the principles of the Common Law, the Astana International Financial Center seeks to introduce from the outset the most innovative solutions to facilitate safe, cost efficient and scalable flows of goods, services and finance through its infrastructure, offering best-in-class high tech government services in areas like tax, customs, ownership deeds and trade finance.

"Astana International Financial Center aims to become the vital growth engine for the anticipated surge in trade & finance flows within One Belt One Road Initiative, and launching Bright Chain helps us to establish a long term competitive advantage as the hub for cost efficient and safe global trade," commented Mr. Nurlan Kussainov, the CEO of the Astana International Financial Center Authority (the "AIFC Authority").

5EL SA will set up a subsidiary of its 5EL Blockchain Lab unit in Astana to help the AIFC operate the most productive ecosystem for innovation and commercial applications of distributed ledger technologies to drive the growth and international competitiveness of both the AIFC and its resident operators.

"5EL Blockchain Lab is honored to enter into a long term strategic partnership with AIFC to champion the commercial use of blockchain technologies in the global trade and

finance flowing through Kazakhstan and help the visionary leadership of AIFC to create the global competence center in this promising tech," commented Dr. Serge Umansky, the Chairman of 5EL SA.

Astana International Financial Centre (AIFC) is a financial hub for Central Asia, the Caucasus, EAEU, the Middle East, West China, Mongolia and Europe. The Centre will be situated within EXPO-2017 and supported by modern infrastructure & the latest technology.

www.aifc.kz

5EL SA is the Lausanne based and Swiss listed firm, active in digital technologies, digital commerce, digital media and other applications of disruptive technologies in traditional industries. We invest in, own and operate a highly synergetic portfolio of businesses benefiting from accelerated development of Internet as we know it now into Internet of Everything, where people, organizations, companies, machines and devices communicated in a decentralized manner creating previously unimaginable efficiencies in life and business.

www.5el.ch