Company Announcements

3 June 2024

Board Changes

Air Astana Joint Stock Company (the "Company") announces changes to the Board of Directors of the Company following the conclusion of the Annual General Meeting on 30 May 2024.

According to the previously announced plans, as provided for in the Prospectus of the Company published before the IPO of the Company in February 2024, the Non-Executive Director, representative of shareholder BAE Systems (Kazakhstan) Limited, Mr. Myles St John Westcott, has stepped down from the Board of Directors of the Company effective from 30 May 2024.

Concurrently, Diyas Assanov has been appointed as an Independent Director, effective from 31 May 2024.

During the last three years, Mr. Assanov has served in the role of the General Director of the Siemens Regional company in Kazakhstan, focusing on its Digital Industries and Smart Infrastructure businesses. Prior to that, he was the General Counsel of Siemens Energy, Russia, Eastern Europe and Central Asia. Mr. Assanov holds a Bachelor's degree in international relations from United States Military Academy at West Point and a Bachelor's degree in international law from M.S. Narikbayev University of KAZGUU, Kazakhstan.

Commenting on the Board changes, Mr. Nurlan Zhakupov, Chairman of the Board, said: "We would like to welcome Mr. Assanov to the Board. His extensive experience in engineering, transport and communications will be instrumental in supporting the Company's next stage of development, particularly in our continued digitalisation plan.

On behalf of the Board, management team and staff of the airline, I would also like to thank Mr. Westcott for his huge support of and contribution to the success of the Group over the last six years. Mr. Westcott has been a most valuable member of the Board of Directors."

The current updated composition of the Board of Directors is as follows:

1.   Mr. Nurlan Zhakupov - Chairman of the Board of Directors (Samruk-Kazyna JSC);

2.   Mr. Aidar Ryskulov - Member of the Board of Directors (Samruk-Kazyna JSC);

3.   Mr. Simon Wood - Member of the Board of Directors (BAE Systems);

4.   Mr. Peter Foster - Member of the Board of Directors (CEO, Air Astana JSC);

5.   Mr. Yeldar Abdrazakov - Independent Director;

6.   Mrs. Janet Heckman - Independent Director;

7.   Mr. Garry Kingshott - Independent Director;

8.   Mr. Keith Gaebel - Independent Director;

9.   Mr. Diyas Assanov - Independent Director.

For further information, please visit ir.airastana.com or contact:

About the Company

The Company is the largest airline group in Central Asia and the Caucasus regions by revenue and fleet size. The Company operates a fleet of 51 aircraft split between Air Astana, its full-service airline that operated its inaugural flight in 2002, and FlyArystan, its low-cost airline established in 2019. The Company provides scheduled, point-to-point and transit, short-haul and long-haul air travel and cargo on domestic, regional and international routes across Central Asia, the Caucasus, the Far East, the Middle East, India and Europe. In 2023, Air Astana was recognised eleven times in a row as the "Best Airline in Central Asia and CIS" at the Skytrax World Airline Awards and received a five-star rating in the major airline category by the APEX. FlyArystan was also awarded the Skytrax Award for "Best low-cost carrier in Central Asia and CIS" for the first time, and is one of the twelve Skytrax 4-Star low-cost airlines globally. The Company is listed on the Kazakhstan Stock Exchange, Astana International Exchange and London Stock Exchange (ticker symbol: AIRA).