JSC National Atomic Company Kazatomprom announces that the Company's Board of Directors ("the Board") decided on the following changes to the Company's Management Board. Alibek Aldongarov, the Chief HR and HSE Officer, a member of the Management Board since May 2021, has resigned from his roles from 3 April 2024 to pursue another career opportunity. The Board made a decision to abolish the position of the Chief HR and HSE Officer with the functions being transferred to the Managing director on HR and HSE.

On 5 April 2024 the Board approved a new organizational structure and introduced a position of the Chief Strategy and International Development Officer. Such a move underlines the importance of the Company's strategic vision and international presence enhancement, especially amidst current geopolitical unravelling. The Chief Strategy and International Development Officer will be overseeing the Company's strategy, ESG, international cooperation and investor relations functions.

Dastan Kosherbayev, the Company's Chief Commercial Officer and a member of the Management Board since June 2023, is expected to be appointed as the Chief Strategy and International Development Officer. Mr. Kosherbayev's performance in the roles of Director of Sales and Chief Commercial Officer was very strong. Under his leadership the Company continued to demonstrate sales discipline and remained a reliable supplier for the global nuclear industry.

Based on 2023 results, the Company's sales portfolio increased showing the closest correlation with a rising spot price in the industry. As it stands, the Company is in secure and comfortable position commercially. The Board believes that his expertise and valuable experience will serve as a strong base to lead the Company's strategic direction and development in the years to come.

Chief Commercial Officer Due to the expected appointment of Mr. Kosherbayev as the Chief Strategy and International Development Officer, required procedures are initiated to fulfil the vacancy of the Chief Commercial Officer. The Board has extended the term of duties of members of the Management Board until 24 April 2027.