SCHEDULE 13G

KASPI KZ JSC

American depositary shares, no par value, each representing one common share of the Issuer, no par value ("ADSs") · CUSIP: 48581R205

Event date: 2025-04-23

Reporting persons may disclose overlapping interests. Their amounts are shown individually and are not added into a filing total.

Filing-level shares

Unavailable

Percent of class

Unavailable

• European Investors Limited

  Shares: 12,257,305.00 · Class: 6.5%

• David Pascal Brehaut

  Shares: 12,257,305.00 · Class: 6.5%

Amounts are as disclosed in this filing. Schedule type alone does not establish investment intent.