Kazakhstan Kagazy PLC
Kazakhstan Kagazy PLC: KAGAZY NAMES POUL BECH AS NEW CHIEF FINANCIAL OFFICER

Kazakhstan Kagazy PLC  / Miscellaneous

30.01.2014 07:17

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30 January 2014

KAGAZY NAMES POUL BECH AS NEW CHIEF FINANCIAL OFFICER

Former Visor Holding Chief Financial Officer succeeds outgoing CFO, Aida M.
Yelgeldiyeva, who has become advisor to the CEO

Almaty, Kazakhstan - Kazakhstan Kagazy Group (the 'Group') today announced
that Poul Bech has been appointed as Chief Financial Officer, succeeding
the outgoing CFO, Aida Yelgeldiyeva, who will remain in the Group as
advisor to the CEO. Poul becomes CFO effective immediately.

'Poul brings strong skills and experience to the role as we aim towards
strengthening and expanding the business,' said Tomas Mateos, the Group's
Chief Executive Officer. 'He has significant financial and operational
management expertise which will be essential in the execution of the
Group's growth plans.'

Poul spent his early career at Coopers and Lybrand as an auditor and then
progressed to senior financial and operation roles at Carlsberg. His first
role in Kazakhstan was as Finance Director for Maersk.  Poul then worked as
CFO of United Cement.  His most recent position was as CFO of Visor
Holding, a Kazakh private equity group.

'I am excited to step into this role and look forward to working closely
with investors and shareholders,' Poul Bech said. 'Aida has developed a
strong finance team, and I plan to continue to execute on the company's
strong discipline around costs and focus on shareholder value.'

***

Contacts:

Mr. Sadyr Shaguzhayev                                                   +7
727 244 02 08
Head of Investor Relations    ir@kagazy.kz
                                                                    
Mr. Malik Kushmukhanov          +7 727 312 02 85
Press Service      press@kagazy.kz

The content of this document includes forward-looking statements. These
relate to Kazakhstan Kagazy's future prospects, developments and
strategies, including statements regarding target returns. Forward-looking
statements are identified by their use of terms and phrases such as
'believe', 'could', 'would', 'envisage', 'estimate', 'intend' 'seek',
'may', 'plan', 'will' or the negative of those, variations or comparable
expressions, including references to assumptions. These statements are
based on Kazakhstan Kagazy's current beliefs, assumptions and expectations
of its future performance, and are subject to risks and uncertainties
because they relate to events and depend on circumstances that may or may
not occur in the future. Accordingly, these beliefs, assumptions and
expectations can change as a result of many possible events or factors that
may cause Kazakhstan Kagazy's business, financial condition, liquidity,
results of operations and actual returns to vary materially and target
returns to be revised from those expressed or implied in the
forward-looking statements. None of the data in this statement has been
audited and where any reference is made in this statement to the past
performance of investments by persons associated with Kazakhstan Kagazy or
other investments, you should bear in mind that such information is not
necessarily indicative of the future performance of the relevant
investments or of Kazakhstan Kagazy's future performance.



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Language:           English
Company:            Kazakhstan Kagazy PLC
                    33-37 Athol Street
                    IM1 1LB Douglas
                    Isle of Man
Phone:              +7-727-244-87-87
Fax:                +7-727-244-87-82
E-mail:             ir@kagazy.kz
Internet:           www.kazakhstankagazy.com
ISIN:               US48667M2035
Listed:             London
Category Code:      MSC
TIDM:               KAG
Sequence Number:    1862
Time of Receipt:    Jan 30, 2014 07:16:59
 
End of Announcement                       EquityStory.RS, LLC News-Service
 
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