On the Election of a New Board of Directors of JSC Halyk Bank

May 26, 2023

JSC Halyk Bank (the "Bank") informs that on May 25, 2023, the Annual General Shareholders' Meeting of the Bank, convened at the initiative of the Board of Directors, was held by absentee voting without holding the in-person General Shareholders' Meeting (the "Annual General Shareholders' Meeting").

Due to the expiration of the term of office of the Board of Directors of the Bank, it was decided to elect the following persons as members of the Board of Directors of JSC Halyk Bank at the Annual General Shareholders' Meeting of the Bank (minutes to the Annual General Shareholders' Meeting of the Bank #48, dated May 25, 2023): Alexander Sergeevich Pavlov, Piotr Romanowski, Arman Galiaskarovich Dunayev, Hermann Tischendorf and Franciscus Cornelis Wilhelmus (Frank) Kuijlaars as independent directors, Mazhit Tuleubekovich Yessenbayev as a representative of JSC Holding Group ALMEX, Umut Bolatkhanovna Shayakhmetova, with a term of office of 3 years. In accordance with the resolution approved by the newly elected members of the Board of Directors of the Bank (resolution on the second item in the minutes to the in-person meeting of the Board of Directors of the Bank #3, dated May 25, 2023), Alexander Sergeevich Pavlov was elected as the Chairman of the Board of Directors of the Bank.

Thus, in accordance with the best international corporate governance practices, the new Board of Directors of the Bank has seven directors, five of which are independent.

As of the date of the Annual General Shareholders' Meeting of the Bank, the elected members of the Bank's Board of Directors did not hold any voting shares of the Bank or shares (stakes in the authorized capital) in the Bank's subsidiaries.

More detailed information on the new composition of the Board of Directors of the Bank is available at: https://halykbank.kz/en/about/leadership. 

About Halyk Bank

Halyk Bank is Kazakhstan's leading financial services group, operating across a variety of segments, including retail, SME & corporate banking, insurance, leasing, brokerage and asset management. Halyk Bank has been listed on the Kazakhstan Stock Exchange since 1998, on the London Stock Exchange since 2006 and Astana International Exchange since October 2019.

With total assets of KZT 14,142.8bn as at March 31, 2023, Halyk Bank is Kazakhstan's leading lender.

The Bank has the largest customer base and broadest branch network in Kazakhstan, with 572 branches and outlets across the country. The Bank also operates in Georgia, Kyrgyzstan and Uzbekistan.

For more information on Halyk Bank, please visit https://www.halykbank.com

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