Change in the Management Board of Admirals Group AS

Core Points - The Supervisory Board of Admirals Group AS has appointed Mrs. Liudmila Bataeva as a new member of the Management Board, effective from October 1, 2025 [1] - Mrs. Bataeva has over 14 years of international experience in digital product strategy, data analytics, and product governance, and has been with Admirals since February 2024 [2] - The Management Board will consist of Alexander Tsikhilov, Eduard Kelvet, Andrey Koks, Anton Tikhomirov, and Liudmila Bataeva starting from October 1, 2025 [3] Company Background - Mrs. Bataeva served as Team Lead and then as Head of Product, B2B, focusing on regulatory-compliant onboarding processes and partnership model innovations at Admirals [2] - Prior to joining Admirals, she was Group Product Manager at Workato, responsible for data governance and customer trust renewal [2] - Mrs. Bataeva holds an MBA in Business Administration from Hult International Business School in the UK [2] Management Composition - The new Management Board will include the following members: Alexander Tsikhilov (Chairman), Eduard Kelvet, Andrey Koks, Anton Tikhomirov, and Liudmila Bataeva [3] - Mrs. Bataeva does not hold any management positions outside the Admirals group [3]