Management change at PJSC Aeroflot’s financial and commercial division

29 May 2018

Moscow, 29 May 2018 – PJSC Aeroflot (Moscow Exchange ticker: AFLT) announces that Shamil Kurmashov has elected to step down as Deputy CEO for Commerce and Finance to focus on a new area of business. The Company is currently in the process of identifying a candidate to take up this position on a permanent basis.

Shamil Kurmashov has been a member of Aeroflot’s modern management team since the team arrived in 2009. Aeroflot’s leadership believes a senior executive’s decision to change roles after occupying one position for many years to be a routine occurrence fully in line with international business practice.

Aeroflot Chief Executive Officer Vitaly Saveliev said:

“Shamil Kurmashov has worked with us for more than nine years and has made great contributions to the company. I fully understand his desire to change his professional focus. Shamil is a strong finance professional, he is young and energetic, and he is an experienced and talented manager. He has a wide array of opportunities ahead of him. I wish him success and I’m confident that he has a bright future, no matter the path he chooses.”