Directorate Change

 

Almaty, 10 November 2015 - Kcell Joint Stock Company (“Kcell” or the “Company”) (LSE, KASE: KCEL), the leading provider of mobile telecommunications services in Kazakhstan by market share in terms of revenue and subscribers, announces that Erik Hallberg, a Non-Executive Director of Kcell, has notified the Company of his intention to step down as a Director of the Company with effect from 09 November 2015.

As of 10 November 2015, the acting Members of the Kcell Board of Directors will be as follows:  Jan Rudberg – Chairman of the Board of Directors, Independent Director; William Aylward – Member of the Board of Directors, Independent Director; Vladimir Smirnov - Member of the Board of Directors, Independent Director; Ingrid Stenmark – Member of the Board of Directors; Douglas Lubbe – Member of the Board of Directors.

Contacts

 

Investor Relations

 

Irina Shol

Tel: +7 727 2582755, ext. 1002

Investor_relations@kcell.kz

   

Media

Natalya Eskova

Tel: +7 727 2582755, ext. 1902

Pressa@kcell.kz

   

International media

 

Instinctif Partners

Tel: +44 207 457 2020

Kay Larsen, Galyna Kulachek 

 

Company Overview

Kcell provides mobile voice telecommunications services, messaging services, value-added services such as multimedia and mobile content services, as well as data transmission services including internet access. It has two brands: the Kcell brand, which is targeted primarily at corporate subscribers (including government subscribers), and the Activ brand, which is targeted primarily at mass market subscribers. The Company offers its services through its extensive, high quality network which covers substantially all of the populated territory of Kazakhstan.

In December 2012, Kcell successfully completed its offering of GDR’s on the London Stock Exchange and common shares on KASE. The price was set at USD 10.50 per GDR and KZT 1,578.68 per share with each GDR representing one share.  The offering consisted of a sale by TeliaSonera of 50 million shares, which represent 25 percent of Kcell’s share capital. TeliaSonera holds directly and indirectly 61.9% of the Company’s common shares.

Kcell plans to benefit from the significant growth potential for mobile data services in Kazakhstan. The Company intends to continue to invest in the deployment of its 3G network to expand coverage. Kcell aims to maintain its market leadership in terms of revenue and the number of subscribers by offering its products and services at competitive prices, expanding its offering of products and services, maintaining the high quality of its network and enhancing its brand value.