Nurlan Zhakupov

Appointed: December 2023

Re-elected: February 2026

Qualifications and experience:

Nurlan Zhakupov is a graduate of the Moscow State Institute of International Relations (MGIMO) of the Ministry of Foreign Affairs of the Russian Federation. He holds a Candidate of Economic Sciences degree, as well as a Master’s and Bachelor’s degree in Economics from the International Economic Relations Department.

Mr. Zhakupov has built a significant part of his professional career in international banking and financial institutions, holding senior and managerial roles at leading global banks. His experience includes positions at Royal Bank of Scotland, UBS, and Credit Suisse, where he worked in finance, investment, and research functions. He also served as the Head of the Astana office of UBS, further strengthening his leadership profile in international financial markets.

In addition, Mr. Zhakupov represented Rothschild & Co in Kazakhstan, advising on investment, development, and strategic financial matters. His private-sector experience also includes roles with international and investment-focused organizations such as Chambishi Metals Plc and the Eurasian Industrial Association.

In April 2023, Mr. Zhakupov was appointed Chief Executive Officer of National Welfare Fund Samruk-Kazyna JSC, following a career that combined deep expertise in international banking, investment, and corporate finance with senior leadership experience.

Other appointments:

• Chairman of the Management Board of Samruk-Kazyna JSC
• Member of the Board of Directors of Samruk-Kazyna JSC
• Chairman of the Board of Directors of JSC NC KazMunayGas
• Chairman of the Board of Directors of Kegoc JSC
• President of Kazakhstan Aquatics Federation

Committee membership:

Nomination and Remuneration Committee – Committee member

Representative of the shareholder - Samruk-Kazyna JSC

Aidar Ryskulov

Appointed: September 2023

Re-elected: February 2026

Qualifications and experience:

Aidar Ryskulov holds Master of Business Administration degree from Nazarbayev University (Executive MBA). He is a graduate of Karaganda State University (named after E.A. Buketov) majoring in finance and credit. He has held senior positions in finance for more than 20 years. He was a member of the Board of Directors in various companies and banks, including Sekerbank T.A.S. (Turkey), Development Bank of Kazakhstan, Investment Fund of Kazakhstan, Kazexportgarant, Alliance Bank and Samruk-Kazyna Finance.

Other appointments:

• Managing Director for Economics and Finance of Samruk-Kazyna JSC
• Member of the Management Board of Samruk-Kazyna JSC
• Member of the Board of Directors of Kazatomprom JSC
• Member of the Board of Directors of National Company Kazakhstan TemirZholy JSC

Committee membership:

Strategic Planning Committee – Committee member

Representative of the shareholder - Samruk-Kazyna JSC

Peter Foster

Appointed: August 2019

Re-elected: February 2026

Qualifications and experience:

Peter Foster has been CEO of Air Astana JSC since October 2005. He entered the airline industry immediately after graduating from Cambridge University in 1982, as a management trainee of John Swire and Sons (HK) Ltd, the owners of Cathay Pacific Airways Ltd. From 1982 to 1999 he served in a variety of management and senior management positions with Cathay Pacific Airways in Hong Kong, Asia, Australia and Europe, and underwent business management training at INSEAD, France. Mr. Foster left Cathay Pacific Airways in 1999 to head up the rehabilitation team of Philippine Airlines Inc. He subsequently served as Chief Executive Officer of Royal Brunei Airlines from 2002 to 2005 prior to his appointment as the CEO of Air Astana. In the 2015 UK New Year’s Honours List, Peter Foster was awarded Officer of the Order of the British Empire (OBE) for his services to British aviation in Kazakhstan.

Other appointments:

• Chairman of the Board of Directors of FlyArystan JSC
• Chairman of the Supervisory Board of Air Astana Terminal Services LLP

Committee membership:

None

Yeldar Abdrazakov

Appointed: March 2020

Re-elected: February 2026

Qualifications and experience:

Mr. Abdrazakov was born in 1972 and is a citizen of the Republic of Kazakhstan. He was Managing Director at Kazkommertsbank from 1995 to 2003, chief executive officer at Kazkommerts Securities from 2002 to 2004, and founder and chief executive officer from 2004 at Centras Group. Mr. Abdrazakov holds a Bachelor of Science and Master of Science degree in economics from the Akhmet Yassawi International Kazakh-Turkish University, Almaty and has also completed the General Management Programme at Harvard Business School, United States. Mr. Abdrazakov is a Chartered Director of the United Kingdom’s Institute of Directors. Mr. Abdrazakov was first elected to the Board of Directors of the Company in 2020

Other appointments:

• Member of the Board of Directors of KASE

Committee membership:

Nomination and Remuneration Committee – Committee member
Audit Committee – Committee member
ESG Committee – Chairman of the Committee

Janet Heckman

Appointed: January 2019

Re-elected: February 2026

Qualifications and experience:

Janet Heckman holds a Master of Science in Foreign Service from Georgetown University in Washington, D.C. Between 1980 and 2012 she held various positions at Citi with a focus on corporate banking. She was the Managing Director for Citi’s corporate and investment banking activities in Algeria from 2008 to 2012. Ms. Heckman joined EBRD in 2012 as a Country Director for Kazakhstan. She was a Managing Director for Southern and Eastern Mediterranean (SEMED) for EBRD from January 2017 to December 2019.

Other appointments:

• Independent Non-Executive Director – Member of the Board of Directors of Astana International Exchange (AIX)
• Independent Non-Executive Director – Member of the Board of Directors of Citibank Kazakhstan JSC
• Independent Non-Executive Director – Member of the Supervisory Board of TBC Bank (Georgia) PLC

Committee membership:

Audit Committee – Committee member
Nomination and Remuneration Committee – Chairman of the Committee
ESG Committee – Chairman of the Committee
Strategic Planning Committee – Committee member

Keith Gaebel

Appointed: March 2020

Re-elected: February 2026

Qualifications and experience:

Keith Gaebel is a leading expert in financial reporting and corporate governance. During his 25 years’ experience with large international chartered accounting firms, Mr. Gaebel held various positions including the Head of the Financial Reporting Group (FRG) for the Commonwealth of Independent States (PricewaterhouseCoopers – 2000 to 2004; Ernst & Young – 2004 to 2008) and was a Global Authority on various International Financial Reporting Standards. In addition, as a recognised world-class expert, he was involved in the development of various international financial reporting standards. As Head of the FRG, he supported clients’ public offerings by reviewing for compliance with financial reporting and corporate governance. Mr. Gaebel was the Ernst & Young Managing Partner for Central Asia and Caucasus from 2008 to 2013.

Other appointments:

• Independent Non-Executive Director in National Payment Corporation of the National Bank of the Republic of Kazakhstan JSC

Committee membership:

Audit Committee – Chairman of the Committee

Garry Kingshott

Appointed: August 2019

Re-elected: February 2026

Qualifications and experience:

Garry Kingshott completed studies at the University of New South Wales in Sydney (Marketing Planning) in 1975 and The Wharton School, University of Pennsylvania (Strategic Thinking and Management) in 1999.

After a successful early career in various FMCG businesses from 1974 to 1990, Mr. Kingshott transitioned into Aviation joining Ansett Airlines (Australia) in 1990. He now has 35 years experience in the Aviation, Travel and Tourism and Airline industries, spanning three continents. Most recently Mr. Kingshott served Cebu Air Inc. as Chief Executive from 2008 to 2016, overseeing a successful IPO in 2010, and served as a member of the Advisory Board at Cebu Air Inc. until June 2022.

Mr. Kingshott has been an active Company Director for a variety of businesses since 1996 including Airlines and Aviation related business, Travel Agencies, Tourism and Financial Services. Mr. Kingshott is a member of the Australian Institute of Company Directors (MAICD).

Other appointments:

not available

Committee membership:

Strategic Planning Committee – Chairman of the Committee
Nomination and Remuneration Committee – Committee member

Diyas Assanov

Appointed:May 2024

Re-elected: February 2026

Qualifications and experience:

Diyas Assanov holds a Bachelor’s degree in international relations and engineering systems management from United States Military Academy at West Point and a Bachelor’s degree in international law from the Kazakh State Law University, Kazakhstan.

During the last four years, Mr. Assanov has served in the role of the General Director of the Siemens in Kazakhstan & Central Asia, as well as the Head of its Digital Industries and Smart Infrastructure businesses in the region. Prior to that, he was the General Counsel of Siemens Energy, Russia, Eastern Europe and Central Asia.

Mr. Assanov’s extensive experience in engineering, transport and communications is instrumental in supporting the Company’s next stage of development, particularly in our continued digitalization plan.

Other appointments:

• Chief Executive Officer of Siemens Kazakhstan & Central Asia
• Deputy Chairman of the Board of Directors of European Business Association of Kazakhstan
• Chairman of the Association of German Economy in Kazakhstan

Committee membership:

ESG Committee – Committee member
Strategic Planning Committee – Committee member
Audit Committee – Committee member

Nomination and Remuneration Committee – Committee member

Workforce Engagement Designated INED

Bakhytzhan Taubayev

Appointed February 2024

Qualifications and experience:

Bakhytzhan Taubayev graduated from the Kazakh-British Technical University and the Polytechnic University of Turin. He holds a Master’s degree.

He has more than 17 years of experience in the oil and gas industry, including both engineering and managerial positions. Over the course of his career, he has held positions ranging from Drilling Engineer to Head of the Production Unit, First Deputy General Director, and Director of Production in operating and production companies.

From 2023 to 2025, Mr. Taubayev held the position of Director of the Gas Industry Department at the Ministry of Energy of the Republic of Kazakhstan.

Since April 2025, he has been Co-Managing Director for Strategy and Asset Management at National Welfare Fund “Samruk-Kazyna” JSC.

He is a recipient of ministerial and industry awards.

Other appointments:

• Co-Managing Director for Strategy and Asset Management of Samruk-Kazyna JSC
• Member of the Management Board of Samruk-Kazyna JSC
• Member of the Board of Directors of QazaqGaz JSC

Committee membership:

ESG Committee – Committee member

Representative of the shareholder - Samruk-Kazyna JSC