|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 
| Name of subsidiary |  | Jurisdiction of Incorporation |  | Number of subsidiaries | Business Area | 
| Brokerage Segment |  |  |  |  |  | 
| Freedom Finance JSC  ("Freedom KZ") |  | Kazakhstan |  | 3 | Securities broker-dealer | 
| Freedom Finance Global PLC ("Freedom Global") |  | Kazakhstan |  | — | Securities broker-dealer | 
| Freedom Finance Europe Limited ("Freedom EU") |  | Cyprus |  | 2 | Securities broker-dealer | 
| Freedom Finance Armenia LLC ("Freedom AR") |  | Armenia |  | — | Securities broker-dealer | 
| Prime Executions, Inc. ("PrimeEx") |  | USA |  | — | Securities broker-dealer | 
| Foreign Enterprise LLC Freedom Finance |  | Uzbekistan |  | — | Securities broker-dealer | 
| Freedom Broker LLC |  | Kyrgyzstan |  | — | Securities broker-dealer | 
| Banking Segment |  |  |  |  |  | 
| Freedom Bank Kazakhstan JSC ("Freedom Bank KZ") |  | Kazakhstan |  | 2 | Commercial bank | 
| Insurance Segment |  |  |  |  |  | 
| Freedom Finance Life JSC ("Freedom Life") |  | Kazakhstan |  | — | Life/health insurance | 
| Freedom Finance Insurance JSC ("Freedom Insurance") |  | Kazakhstan |  | — | General insurance | 
| Other Segment |  |  |  |  |  | 
| Ticketon Events LLP ("Ticketon") |  | Kazakhstan |  | 3 | Online ticket sales | 
| Freedom Finance Special Purpose Company LTD ("Freedom SPC") |  | Kazakhstan |  | — | Issuance of debt securities | 
| Freedom Finance Commercial LLP |  | Kazakhstan |  | — | Sales consulting | 
| Freedom Technologies LLP ("Paybox") |  | Kazakhstan |  | 5 | Payment services | 
| Aviata LLP ("Aviata") |  | Kazakhstan |  | — | Online travel ticket aggregator | 
| Internet-Tourism LLP ("Internet Tourism") |  | Kazakhstan |  | — | Online travel ticket aggregator | 
| Arbuz Group LLP ("Arbuz") |  | Kazakhstan |  | 4 | Online retail trade and  e-commerce | 
| Comrun LLP ("ReKassa") |  | Kazakhstan |  | — | Mobile and web application | 
| Freedom Telecom Holding Limited ("Freedom Telecom") |  | Kazakhstan |  | 4 | Telecommunications | 
| Freedom Kazakhstan PC Ltd |  | Kazakhstan |  | 8 | Holding company | 
| Freedom Advertising Ltd  |  | Kazakhstan |  | — | Advertising | 
| Freedom Shapagat Corporate Fund  |  | Kazakhstan |  | — | Non-profit | 
| FRHC Fractional SPC LTD  |  | Kazakhstan |  | — | Issuance of debt securities | 
| Freedom Holding Operations LLP |  | Kazakhstan |  | — | Human resources | 
| Freedom Horizons LLP |  | Kazakhstan |  | — | Business consulting and services | 
| Freedom Finance Azerbaijan LLC |  | Azerbaijan |  | — | Financial educational center | 
| Freedom Finance FZE. |  | UAE |  | — | Consulting | 
| Freedom Management Ltd. |  | UAE |  | — | Consulting | 
| Freedom Finance Turkey LLC |  | Turkey |  | — | Financial consulting | 
| Freedom Finance Technologies Ltd |  | Cyprus |  | — | IT development | 
| Freedom Prime UK Limited ("Prime UK") |  | UK |  | — | Management consulting | 
| Freedom Structured Products PLC |  | Cyprus |  | — | Financial services | 
| FFIN Securities, Inc.  |  | USA |  | — | Dormant | 
| Freedom U.S. Market LLC |  | USA |  | 2 | Management company | 
| LD Micro ("LD Micro") |  | USA |  | — | Event platform | 
| Freedom US Technologies LLC |  | USA |  | — | Technology services |