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Kazatomprom Announces Management Change

10 March 2021
Kazatomprom Announces Management Change

JSC National Atomic Company “Kazatomprom” (“Kazatomprom” or “the Company”) announces the following change to the Company’s senior management team.

Chief Operating Officer (“COO”)

Dauren Kunanbayev resigned from his position as COO effective 04 March 2021, and has chosen to leave the Company to pursue other interests. The Company thanks Mr. Kunanbayev for his many contributions in various management roles at both Kazatomprom and in several of the Company’s subsidiaries.

Aliya Akzholova, currently Director of the Mining Department at Kazatomprom, will be acting as interim COO while the internal and Board of Directors processes are undertaken to appoint a new COO. Mrs. Akzholova obtained Hydrogeological and Geological Engineering degrees from Satbayev University (Kazakhstan National Technical University) and an MBA in Mining Management from MISiS, the National University of Science and Technology in Russia. Aliya Akzholova has more than twelve years of experience in the Kazatomprom group, including different on-site and managerial positions at Company’s mining subsidiaries. She currently serves as Kazatomprom’s representative on the Supervisory Boards of JV Inkai LLP, JV Khorassan-U LLP, Kyzylkum LLP, Ortalyk LLP, JV KATCO LLP and JV Budenovskoe LLP.

“We respect Mr. Kunanbayev’s decision to leave the Company, thank him for his contributions to Kazatomprom’s development, and wish him all the best in his future endeavours,” said Galymzhan Pirmatov, Kazatomprom’s Chief Executive Officer. “I would also like to extend my thanks to Mrs. Akzholova for accepting the interim appointment, as her expertise and experience will be a valuable asset to Kazatomprom and all its stakeholders in continuing to build a successful and resilient international company.”

Kazatomprom’s senior management team currently consists of:

  • Galymzhan Pirmatov, Chief Executive Officer and Chairman of the Executive Board;
  • Kamila Syzdykova, Chief Financial Officer;
  • Askar Batyrbayev, Chief Commercial Officer;
  • Aliya Akzholova, acting Chief Operations Officer;
  • Mazhit Sharipov, Chief Nuclear Fuel Cycle Officer;
  • Beksultan Bekmuratov, Chief Human Resources and Transformation Officer
  • Yerlan Tuleugozhin, acting Chief Strategy and Development Officer;
  • Marat Yelemessov, Managing Director of Legal Support and Risks.

Full biographies for the management team are available on the Company's website, www.kazatomprom.kz.

For further information, please contact:

Kazatomprom Investor Relations Inquiries

Cory Kos, Director of Investor Relations

Tel: +7 (8) 7172 45 81 80

Email: ir@kazatomprom.kz

Kazatomprom Public Relations and Media Inquiries

Torgyn Mukayeva, Chief Expert of GR & PR Department

Tel: +7 (8) 7172 45 80 63

Email: pr@kazatomprom.kz

About Kazatomprom

Kazatomprom is the world's largest producer of uranium, with the Company’s attributable production representing approximately 23% of global primary uranium production in 2020. The Group benefits from the largest reserve base in the industry and operates, through its subsidiaries, JVs and Associates, 26 deposits grouped into 14 mining assets. All of the Company’s mining operations are located in Kazakhstan and mined using ISR technology with a focus on maintaining industry-leading health, safety and environment standards.

Kazatomprom securities are listed on the London Stock Exchange and Astana International Exchange. As the national atomic company in the Republic of Kazakhstan, the Group's primary customers are operators of nuclear generation capacity, and the principal export markets for the Group's products are China, South and Eastern Asia, Europe and North America. The Group sells uranium and uranium products under long-term contracts, short-term contracts, as well as in the spot market, directly from its headquarters in Nur-Sultan, Kazakhstan, and through its Switzerland-based trading subsidiary, Trade House KazakAtom AG (THK).

For more information, please see the Company website at http://www.kazatomprom.kz

Forward-looking statements

All statements other than statements of historical fact included in this communication or document are forward-looking statements. Forward-looking statements give the Company’s current expectations and projections relating to its financial condition, results of operations, plans, objectives, future performance and business. These statements may include, without limitation, any statements preceded by, followed by or including words such as “target,” “believe,” “expect,” “aim,” “intend,” “may,” “anticipate,” “estimate,” “plan,” “project,” “will,” “can have,” “likely,” “should,” “would,” “could” and other words and terms of similar meaning or the negative thereof. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the Company’s control that could cause the Company’s actual results, performance or achievements to be materially different from the expected results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the Company’s present and future business strategies and the environment in which it will operate in the future. THE INFORMATION WITH RESPECT TO ANY PROJECTIONS PRESENTED HEREIN IS BASED ON A NUMBER OF ASSUMPTIONS ABOUT FUTURE EVENTS AND IS SUBJECT TO SIGNIFICANT ECONOMIC AND COMPETITIVE UNCERTAINTY AND OTHER CONTINGENCIES, NONE OF WHICH CAN BE PREDICTED WITH ANY CERTAINTY AND SOME OF WHICH ARE BEYOND THE CONTROL OF THE COMPANY. THERE CAN BE NO ASSURANCES THAT THE PROJECTIONS WILL BE REALISED, AND ACTUAL RESULTS MAY BE HIGHER OR LOWER THAN THOSE INDICATED. NONE OF THE COMPANY NOR ITS SHAREHOLDERS, DIRECTORS, OFFICERS, EMPLOYEES, ADVISORS OR AFFILIATES, OR ANY REPRESENTATIVES OR AFFILIATES OF THE FOREGOING, ASSUMES RESPONSIBILITY FOR THE ACCURACY OF THE PROJECTIONS PRESENTED HEREIN. The information contained in this communication or document, including but not limited to forward-looking statements, applies only as of the date hereof and is not intended to give any assurances as to future results. The Company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to such information, including any financial data or forward-looking statements, and will not publicly release any revisions it may make to the Information that may result from any change in the Company’s expectations, any change in events, conditions or circumstances on which these forward-looking statements are based, or other events or circumstances arising after the date hereof.

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