BAE Systems’ Disposal of 9 Million GDRs

Summary by AI ^BETAClose X

Air Astana JSC announced that BAE Systems has sold 9,000,000 Global Depositary Receipts (GDRs), representing 10.1% of the Company's issued share capital, through a market transaction. Following this disposal, BAE Systems retains 6,109,982 GDRs and remains a significant shareholder, while Air Astana's free float has increased. The company expressed optimism about welcoming new shareholders as it continues its growth strategy, supported by strong operational and financial performance and recent substantial aircraft orders.

Disclaimer*

Air Astana JSC

17 December 2025

Air Astana Confirms BAE Systems' Disposal of 9 Million GDRs

Air Astana JSC (the "Company" and, together with its subsidiary FlyArystan, the "Group") notes the announcement that BAE Systems has successfully completed the sale of 9,000,000 Global Depositary Receipts (GDRs), representing 10.1% of the Company's issued share capital.

Following the transaction BAE Systems retains 6,109,982 GDRs and continues as one of the key shareholders. The disposal was conducted through a market transaction. Further details of the transaction are available in the relevant public disclosures.

As a result of this transaction, Air Astana's free float has increased. We look forward to welcoming new shareholders as the Company embarks on this next stage of its growth journey.

Air Astana continues to execute its long-term growth strategy, supported by resilient operating and financial performance and the recent announcement of the largest aircraft orders in the Company's history.

For further information:

Air Astana Group
Investor Relations	investor.relations@airastana.com

Vigo Consulting (Media)	airastana@vigoconsulting.com

About the Air Astana Group:

Air Astana Group is the largest airline group in Central Asia and the Caucasus regions by revenue and fleet size. The Group operates a fleet of 62 aircraft split between Air Astana, its full-service airline that operated its inaugural flight in 2002, and FlyArystan, its low-cost airline established in 2019. The Group provides scheduled, point-to-point and transit, short-haul and long-haul air travel and cargo on domestic, regional and international routes across Central Asia, the Caucasus, the Far East, the Gulf, India and Europe. Air Astana has been recognised by SkyTrax as the Best Airline in Central Asia & CIS fourteen years running and received the Best Airline Staff Service in Central Asia & CIS award nine times in a row. FlyArystan has been recognised as the Best Low-Cost Carrier (LCC) in Central Asia & CIS at the SkyTrax awards three times. Additionally, Air Astana was awarded a five-star rating in the major airline category by the Airline Passenger Experience Association (APEX). The Group is listed on the Kazakhstan Stock Exchange, Astana International Exchange and London Stock Exchange (ticker symbol: AIRA).

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