KMG EP website

STRUCTURE OF THE BOARD OF DIRECTORS

As of December 31, 2011, the Board of Directors consisted of eight members, including:

Name

Position

Sisengali Utegaliyev

Acting Chairman of the Board of Directors

Alik Aidarbayev

Member of the Board of Directors (General Director)

Yerzhan Zhangaulov

Member of the Board of Directors

Askar Balzhanov

Member of the Board of Directors

Asiya Syrgabekova

Member of the Board of Directors

Philip Dayer

Independent director

Paul Manduca

Independent director

Edward Walshe

Independent director

At the extraordinary general shareholders’ meeting on 31 March 2011, the following decisions were made:

  • to terminate the powers of member of the Board of Directors of the Company, Tolegen Dzhumadovich Bozzhanov;
  • to elect Sisengali Utegaliyev as a member of the Board of Directors of the Company.

Based on results of the Annual general meeting of shareholders on 5 May 2011 the following decisions were made:

  • to terminate the powers of member of the Board of Directors of the Company, Kenzhebek Niyazovich Ibrashev;
  • To elect Alik Aidarbayev to the Board of Directors. The Board of Directors elected Alik Aidarbayev as the Chairman of the Board of Directors of the Company.

On 22 December 2011, the Chairman of the Management Board (General Director) of the Company, Askar Balzhanov resigned. Alik Aidarbayev, who until that time acted as the Chairman of the Management Board of Directors, was elected the Chairman of the Board (General Director) of KMG EP.

On February 27, 2012, at the extraordinary general shareholders’ meeting, it was decided to terminate the powers and election of Askar Balzhanov and to elect Lyazzat Kiinov as a new member of the Board of Directors.

On 13 March 2012 pursuant to resolution of the Board of Directors, Mr. Lyazzat Kiinov was elected as Chairman of the Company’s Board of Directors.

The Board of Directors of KMG EP as of 13 March 2012:

  • Lyazzat Kiinov – Chairman of the Management Board of NC KazMunayGas, Chairman of the Board of Directors
  • Alik Aidarbayev – CEO, Chairman of the KMG EP Management Board (General Director)
  • Yerzhan Zhangaulov – General Manager for Legal Affairs of NC KazMunayGas
  • Asiya Syrgabekova – Chief Financial Officer of NC KazMunayGas
  • Sisengali Utegaliyev – Deputy General Director of JSC KazTransOil
  • Paul Manduca – Independent Non-Executive Director of KMG EP
  • Edward Walshe – Independent Non-Executive Director of KMG EP
  • Philip Dayer – Independent Non-Executive Director of KMG EP

In accordance with the Code of Corporate Governance of the Company, the Board of Directors established the fact of the independence of the directors and believes that Philip Dayer, Paul Manduca and Edward Walshe are independent in character and in making decisions. The Board of Directors found that there were no relationships or circumstances which had or could have a significant impact on independent solutions of these directors.