Change in the Management Board of Admirals Group AS

The Supervisory Board of Admirals Group AS has appointed Mrs Liudmila Bataeva as
new member of the Management Board of the Company, effective 1 October 2025.

Mrs  Bataeva brings over 14 years of international experience in digital product
strategy,   data  analytics,  and  product  governance.  Mrs  Bataeva  has  been
with Admirals  since February 2024, first  as Team Lead  and since March 2025 as
Head  of Product, B2B, focusing on regulatory-compliant onboarding processes and
partnership  model innovations. Previously, in  2022-2023, she was Group Product
Manager  at  Workato,  a  U.S.-based  automation  platform, responsible for data
governance  and customer trust  renewal. Liudmila has  an MBA degree in Business
Administration from Hult International Business School (UK).

Mrs Bataeva holds no management positions outside the Admirals group.

The  Management Board of Admirals Group  AS shall operate from 01.10.2025 in the
following  composition: Alexander  Tsikhilov, Eduard  Kelvet, Andrey Koks, Anton
Tikhomirov, and Liudmila Bataeva.

Additional information:

Alexander Tsikhilov

Chairman of the Management Board of Admirals Group AS

[email protected]
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+372 6309 300

https://www.admirals.group/
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