Changes in the Management and Supervisory Boards of Admirals Group AS and amendments to the articles of association

Core Points - The general meeting of Admirals Group AS has elected Anton Tikhomirov and Fedor Ragin to the supervisory board, effective from October 6, 2025, while Tikhomirov has resigned from the management board [1] - Both Tikhomirov and Ragin have extensive backgrounds in finance and management, with Tikhomirov having been with Admirals since 2012 and Ragin since 2017 [2][3] - The management and supervisory boards will have new compositions starting from October 6, 2025, and the articles of association will be amended to allow shareholders and the supervisory board to adopt resolutions without convening a meeting [4] Group 1 - Anton Tikhomirov has been active in the financial brokerage industry since 1999 and has served on the supervisory board of Admirals Group AS from 2016 to 2024 [2] - Fedor Ragin has 19 years of experience in teaching and strategic consulting, and he serves on several supervisory boards outside the Admirals group [3] - The management board will consist of Alexander Tsikhilov, Eduard Kelvet, Andrey Koks, and Liudmila Bataeva starting from October 6, 2025 [4] Group 2 - The supervisory board will include Anatolie Mihalcenco, Dmitri Lauš, Olga Senjuškina, Anton Tikhomirov, and Fedor Ragin from October 6, 2025 [4] - The amendments to the articles of association will enhance the decision-making process for shareholders and the supervisory board [4]