Kazakhstan Kagazy appoints Tomas Mateos Werner company’s general director

April 23. KASE

Kazakhstan Kagazy appoints Tomas Mateos Werner company's general directorJSC “Kazakhstan Kagazy” (Almaty region), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release of April 22, 2013:

Kazakhstan Kagazy PLC (“Kagazy” or the “Group”) announces that Tomas Mateos Werner has been appointed as new CEO of Kazakhstan Kagazy JSC, the Kazakh holding company of the Group.

He takes over from Taissiya Kogutyuk, who remains as the Deputy CEO.

Tomas Mateos Werner will step down as joint-Chairman at Kazakhstan Kagazy JSC and Kazakhstan Kagazy PLC; John Khabbaz will become the sole Chairman of the Group.

John Khabbaz, Chairman of the Group commented:

“Tomas has been a very active Chairman for the past three years and this was a logical progression to his involvement in the company. He has been instrumental in delivering strong operational results in the last three years for Kagazy Group and he will now focus the business on the execution of company’s growth plans. Under his leadership Kagazy Group will undergo an ambitious plan to invest in personnel, processes and technical infrastructure that will drive change and revenue expansion.”

Tomas Mateos Werner is with 29,9% the biggest shareholder in Kazakhstan Kagazy PLC. In the past he has held senior positions at BBVA, Deutsche Bank, Merrill Lynch and HSBC. He is a MBA Graduate from Columbia Business School (USA), London Business School (UK), a Master from the Hochschule St Gallen (Switzerland), a graduate in Law from UIB (Spain) and a Registered European Lawyer (UK).