Kazatomprom Announces Departure of CEO

27 August
Kazatomprom Announces Departure of CEO

JSC National Atomic Company "Kazatomprom" (“Kazatomprom” or “the Company”) announces that Mr. Galymzhan Pirmatov, the Company’s Chief Executive Officer (“CEO”), will be departing from his role effective 2 September 2021 to pursue another opportunity. Mr. Mazhit Sharipov, who is currently Kazatomprom’s Chief Nuclear Fuel Cycle Officer, will be appointed as acting CEO.


“On behalf of Samruk-Kazyna, I would like to sincerely thank Mr. Pirmatov for his dedication and for the considerable value he has added to the Company during his time at Kazatomprom,” stated Mr. Almassadam Satkaliyev, Chief Executive Officer of Samruk-Kazyna JSC. “The industry-specific expertise and commitment to safely delivering exceptional results was invaluable, and he will be missed. Speaking both personally and for the Fund, I would like to pass on best wishes for future success.”


“Mr. Pirmatov, with his decades of leadership experience in both the Kazakh and international business communities, has been instrumental in guiding the development of Kazatomprom’s value-focused strategy over the past four years,” said Neil Longfellow, Chair of Kazatomprom’s Board of Directors. “As CEO, his experience and expertise enhanced the Company’s profile and reputation, especially leading up to our successful initial public offering on the London and Astana stock exchanges, in 2018.

“Along with prioritizing employee safety in all aspects of the Company’s operations, something that has been particularly critical amid the COVID-19 pandemic, Mr. Pirmatov has consistently emphasized the importance of strong governance, transparency, and the need to think longer-term by incorporating sustainability and ESG into our decisions at every level. The Board, along with the members of Mr. Pirmatov’s management team, would like to sincerely thank him for his significant contributions to the Company, and for the value he has added to the uranium industry and to the nuclear sector as a whole. We wish him the absolute best on his next journey.”


“I am grateful to the leadership of the country for having trusted in my ability to effectively lead the Company,” said Mr. Pirmatov, “it has been a great privilege to guide Kazatomprom through very challenging times, not only for the Company, but for the entire international nuclear industry.

“I would like to thank the entire team, with whom it has been an honour to work with. I am very proud of the great results we have achieved during these past four years, and I am certain they will continue to generate value and exceed stakeholder expectations. I would also like to thank our board chair, Mr. Longfellow, and the entire Board and Samruk-Kazyna for their support. Our board of directors is as diverse and as strong as ever, so I am comforted to be leaving the Company with a strong board and executive team in place, to lead the organization through an interesting time in the uranium sector.”


Mazhit Sharipov, who has been with Kazatomprom since 2015, brings a great deal of leadership and expertise, having served in numerous government and private sector roles over his 31-year career. Those roles have included Director of the Department of Nuclear Energy and Nuclear Industry at the Ministry of Energy and Mineral Resources of the Republic of Kazakhstan, Director of the Department of Atomic Energy and Industry at the Atomic Energy Agency of the Republic of Kazakhstan, and Chairman of the Atomic Energy Committee.

Full biographies will be made available on the Company’s website, www.kazatomprom.kz, once the changes take effect.

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 extract uranium using ISR technology with a focus on maintaining industry-leading health, safety and environment standards.

Kazatomprom securities are listed on the London Stock Exchange, Astana International Exchange, and Kazakhstan Stock 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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