On June 29, 2017 at a meeting of the Management Board of the Samruk-Kazyna JSC a decision was made to change the composition of the Board of Directors of JSC NC KazMunaiGas in connection with the expiration of its term of office.

From August 1, 2017, the Board of Directors of KMG will exercise its powers in the following composition:

1. Christopher Walton, Chairman and Independent Non-Executive Director

2. Sauat Mynbayev, Chairman of the Management Board

3. Stephen Whyte, Independent Non-Executive Director

4. Yerlan Baimuratov, Independent Non-Executive Director

5. Baljeet Kaur Grewal, Non-Executive Director, representative of the Fund

6. Berik Beisengaliyev, Non-Executive Director, representative of the Fund

7. Uzakbay Karabalin, Non-Executive Director, representative of the Fund

The term of office of the approved Board of Directors is 3 years, Caspian Energy News (www.caspianenergy.net) reports with reference to KMG. According to the decision of the Management Board of the Fund, Frank Kuijlaars will step down from his current role as Chairman of the Board and Peter Lane will step down as Chairman of the Audit Committee. Both directors will remain their positions at the Board of KMG until the end of July 2017.

Chairman of the Management Board of KMG Sauat Mynbayev thanked Frank Kuijlaars and Peter Lane for effective long-term work and professionalism, noting their significant contribution to the development of the national company and the oil and gas industry of Kazakhstan as a whole.

More details:  http://www.kmg.kz/en/press/company_news/press_release/12183#.WVtGL4TyjIU

Person in charge of the newsline: Fidan Isayeva