Kazakhstan Kagazy PLC
Kazakhstan Kagazy PLC: VITALIY PODOLSKIY JOINS THE BOAD AS NON-EXECUTIVE DIRECTOR

Kazakhstan Kagazy PLC  / Directorate change

05.02.2014 13:40

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5 February 2014

VITALIY PODOLSKIY JOINS KAZAKHSTAN KAGAZY PLC AS NON-EXECUTIVE DIRECTOR

Almaty, Kazakhstan - Kazakhstan Kagazy PLC (the 'Group') is pleased to
announce that Vitaliy Podolskiy has joined the company's board of directors
as a non-executive director.  Mr Podolskiy will also chair Group's Audit &
Finance Committee.

Vitaliy Podolskiy has a wealth of executive and professional experience,
having previously worked for over six years as Group CFO of X5 Retail Group
N.V., Russia's largest retail chain. While in this position he was awarded
'Best Retail CFO' by the Russian Management Association for five
consecutive years. Mr Podolskiy has also held senior executive positions at
companies including AT Kearney and Bankers Trust in New York, Ford Motors
in Germany and Euroset in Russia. He has an MBA from the University of
Chicago.

Mr Podolskiy currently serves on the board of two other publicly-listed
companies: he is a director of OAO 'Cherkizovo Group', the leading Russian
public vertically-integrated agro-industrial company (LSE-listed), and he
is also the chairman of the Supply Chain Management Committee and
non-executive board director of OAO 'Rosinter Restaurants', Eastern
Europe's largest public restaurant chain.

Vitaliy commented on his appointment:  'I am very excited about
Kazakhstan's market, which has tremendous track record and growth
opportunities and I am confident that Kazakhstan Kagazy, which is going
successfully through a difficult restructuring, is ideally positioned to
capitalize on them and reinforce its regional leadership in recycling and
paper production'.

Kazakhstan Kagazy's chairman, Sir Tony Baldry, commented: 'It is with
pleasure that I welcome Vitaliy to the board - his experience and skills
will bring a great deal to the company. Kagazy has excellent growth
prospects over the coming years. My fellow directors and I look forward to
achieving this potential'.

Kazakhstan Kagazy's CEO, Tomas Mateos Werner, added: 'With the addition of
Vitaliy and our new CFO, we now have very strong financial leadership in
place at KK Group. I am excited about working together to implement our
growth plans.'

Note to Editors:

London Stock Exchange listed Kazakhstan Kagazy PLC is the largest paper,
packaging and recycling group in Kazakhstan and Central Asia. The Group
also owns industrial real estate through its subsidiary company, PEAK.

For further information, please visit www.kazakhstankagazy.com

***

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.




Contact:
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



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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:      BOA
TIDM:               KAG
Sequence Number:    1877
Time of Receipt:    Feb 05, 2014 13:40:17
 
End of Announcement                       EquityStory.RS, LLC News-Service
 
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