28 May 2024

Transactions in Own Securities

Regular Announcement

Almaty, Kazakhstan - Air Astana JSC (the "Company") announces that, between 22 May 2024 and 27 May 2024 (the "reporting period"), it has purchased the following number of ordinary shares of the Company ("Shares") and global depositary receipts representing Shares ("GDRs") through JSC "Halyk Finance" pursuant to the buyback programme announced on 30 April 2024 (the "Programme").

An aggregated daily breakdown of the trades made as part of the Programme is detailed below:

* For transactions with Shares, as per the National Bank of Kazakhstan official exchange rate effective on the date of respective transaction.

A full breakdown of the individual trades made by JSC "Halyk Finance" pursuant to the Programme is available through the link below:

https://ir.airastana.com/media/8dc7ee08c85735d/details-en-22-27-may-2024.pdf

This announcement does not constitute, or form part of, any offer or any solicitation of an offer for securities in any jurisdiction. None of the Company or any brokers engaged by the Company for the purposes of the Programme or their affiliates (or their respective directors, employees, agents or advisors) makes any recommendation as to whether or not shareholders or holders of GDRs should sell any or all of their Shares or GDRs. The shareholders and holders of GDRs are recommended to seek their own financial advice regarding participation in the Programme from their broker(s), investment manager(s), legal advisor(s), accountant(s), custodian(s) or other appropriately authorised independent financial advisor(s). Any individual or company whose Shares and/or GDRs are held on its behalf by a broker, dealer, bank, custodian, trust company or other nominee must contact such entity if they wish to take part in the Programme.

For further information, please visit ir.airastana.com or contact:

About the Company

The Company is the largest airline group in Central Asia and the Caucasus regions by revenue and fleet size. The Company operates a fleet of 51 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 Company 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 Middle East, India and Europe. In 2023, Air Astana was recognised eleven times in a row as the "Best Airline in Central Asia and CIS" at the Skytrax World Airline Awards and received a five-star rating in the major airline category by the APEX. FlyArystan was also awarded the Skytrax Award for "Best low-cost carrier in Central Asia and CIS" for the first time, and is one of the twelve Skytrax 4-Star low-cost airlines globally. The Company is listed on the Kazakhstan Stock Exchange, Astana International Exchange and London Stock Exchange (ticker symbol: AIRA).