/KASE, April 30, 2025/ – Halyk Bank of Kazakhstan JSC (KASE ticker – HSBK) has announced the following:

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Halyk Bank (the "Bank") hereby informs that the Board of Directors has reviewed a written application from Alexander Sergeevich Pavlov requesting the early termination of his powers as Chairman of the Board of Directors and member of the Board of Directors of the Bank, effective 1 May 2025.

During his tenure as Chairman, Alexander Sergeevich made significant contributions to the Bank's development. Under his leadership, important strategic objectives were achieved, best international practices in corporate governance and sustainable development were successfully implemented, and the effective functioning of the Board of Directors, Internal Audit Service, and Corporate Secretary was ensured.

At the in-person meeting of the Board of Directors held on 30 April 2025, Arman Galiaskarovich Dunayev, an Independent Director, was elected as the new Chairman of the Board of Directors for a term of 1 (one) year, commencing on 1 May 2025 and concluding upon the convening of the Annual General Shareholders' Meeting, where a new composition of the Bank's Board of Directors will be elected.

Arman Galiaskarovich brings extensive experience from senior government positions, including serving as First Vice Minister of Finance of the Republic of Kazakhstan, Minister of Finance of the Republic of Kazakhstan, and Chairman of the Agency of the Republic of Kazakhstan for Regulation and Supervision of Financial Markets and Financial Organizations. He has also held senior positions in financial institutions and the quasi-governmental sector. Arman Galiaskarovich currently serves as a member of the Boards of Directors of several of the Bank's subsidiaries.

Therefore, as of today the Bank's Board of Directors is composed of seven persons:

Arman Galiaskarovich Dunayev - Chairman of the Board of Directors, Independent Director;

Zhaksybek Abdrakhmetovich Kulekeyev - Independent Director;

Frank Kuijlaars - Independent Director;

Zhomart Dossankulovich Nurabayev - representative of Holding Group ALMEX JSC;

Piotr Romanowski - Independent Director;

Hermann Tischendorf - Independent Director;

Umut Bolatkhanovna Shayakhmetova - CEO.

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Full version of the press release in Kazakh – see more

Full version of the press release in Russian – see more

Full version of the press release in English – see more

[2025-04-30]