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KENYA AIRWAYS PLC (FORMERLY KENYA AIRWAYS LIMITED)BOARD OF DIRECTORS’ PROFILES(CONTINUED)Caroline Armstrong OgwapitNon-Executive Director (42 Years)Caroline Armstrong’s career has spanned 19 years, twocontinents and four financial institutions, both multi-nationaland local. She started her career as a management traineewith ABN AMRO Bank and worked hard to rise through theranks to become a senior executive in the banking industry.During her career, she has had the benefit of managing a teamof over 400 people and a team spanning five countries withinthe region. Her skills as both a leader and a strategic thinkerwere able to translate broad concepts into specific actionsenabling her to perform her current role as the Director,Strategic Projects at the Housing Finance Group of Companieswhere she is responsible for the implementation of high impactprojects that enable the achievement of business strategy.Voted as one of Kenya’s Top 40 Women under 40, sheserves as a Non-Executive Director on the Housing FinanceFoundation Board whose key project is the creation of anArmy of 1 million Artisans, a Vision 2030 flagship project. Shealso served as the Vice-Chairperson on Kenya’s Mining TaskForce that was responsible for reviewing all licences issuedwithin the industry and determining their validity as well asproviding recommendations for the country’s national miningpolicy. During her lengthy and broad career, which has alsoseen her work at Citibank N.A. and Barclays Bank, she hasacquired certain critical skills that include strategic thinking,cross-functional leadership, people and talent managementand growth, quality management and an ability to underpinthis with a focus on governance and controls.Joseph Bernadus VeenstraNon-Executive Director (50 Years)Jos Veenstra is currently responsible for investments andcorporate development at Air France-KLM. He has extensiveexperience in leading complex airline-related M&A projects andholds several board positions in a wide variety of companiesthat are closely related to the aviation industry. Among thesecompanies include: Epcor in Amsterdam, SkyNRG in Amsterdam,KLM UK Engineering in Norwich, KLM E&M Malaysia and KLMHealth Services. Jos is also responsible for managing KLM’sinnovation fund that invests in start-up companies withinnovative products that support the aviation industry.She is a co-founder of the First Africa Group, an Africacross-border Corporate Finance Advisory firm which had apresence in Johannesburg, Nairobi and Lagos which she andher colleagues sold to Standard Chartered Bank in 2009. Thefirm was then rebranded as Standard Chartered Securitieswhere she was Managing Director responsible for East AfricaM&A and Equity Capital Markets advisory. She was also amember of Standard Chartered Bank Kenya’s Top Team, theexecutive committee of the Bank that oversees the Bank’sbusiness in Kenya. Wanjiku has also served as a Non-ExecutiveDirector on the Boards of East African Breweries and EquityBank, both listed on the Nairobi Securities Exchange. Prior toco-founding First Africa, she worked with SG Warburg (whichwas since acquired by UBS) in its Corporate Finance division inLondon and Johannesburg.Wanjiku was a member of the Vision 2030 Technical Committeethat was chaired by the then Head of Civil Service and whichwas tasked with preparing Kenya’s Vision 2030. She was also amember of the Capital Markets Master Plan Steering Committeewhich in 2014 delivered the blue print for the transformationof Kenya’s Capital Markets, a flagship project under Kenya’sVision 2030.Wanjiku holds an LLB, University of Nairobi and an LLMGeorgetown University, USA and is an Advocate of the HighCourt of Kenya and an Attorney & Counselor at Law of NewYork State. In 2003, she was honored by the President ofKenya when he conferred upon her the Moran of the BurningSpear (MBS) National Award for service to the Nation ofKenya, in recognition of the pioneering role played as a womanin enterprise in the Capital Markets sector.Jason Kap-kirwokNon-Executive Director (57 Years)Jason Kap-kirwok is the Senior Regional Director and Head ofthe EAC-TradeMark East Africa (TMEA) Partnership Programmebased in Arusha, Tanzania. In this position, he is a member ofthe senior management team of TMEA.Jos holds an MA in Business Economics from the Universityof Groningen (Netherlands) and is a holder of a postgraduatedegree as Chartered Accountant (CPA). Prior to his currentposition, Jos worked as an auditor for KPMG and wasVice President Finance & Control for KLM’s Engineering &Maintenance division.Prior to this appointment, Kap-kirwok was the Kenya CountryDirector for TMEA. He joined TMEA from SBP Consult – aconsultancy he set up in 2004 and through which he consultedfor airlines across Africa, among others. His last assignmentbefore joining TMEA was a long-term contract with the WorldBank to support the 19 countries of the Common Market forEastern & Southern Africa (COMESA) to integrate regional andnational strategic planning. Kap-kirwok was also the SeniorDirector and Head of Corporate Strategy and OperationalChange for Heifer International, a US-based developmentorganisation with a historical footprint in 125 countries.Wanjiku MuganeNon-Executive Director (53 Years)Wanjiku Mugane is an entrepreneur and Investment Banker.She is the Founder CEO of Fedha Connect Limited, a CorporateFinance Advisory firm which provides M&A Advisory andintermediates capital in East Africa covering various sectorsincluding FMCG, Mid and Downstream oil & gas, financialservices, agribusiness and real estate development, in theprivate equity and debt capital markets.Kap-kirwok has also previously worked for the Kenya AirwaysGroup as the Group Director for Corporate Strategy andIndustry Affairs, and the Chief of Strategic Planning andResearch for the 20 member Common Market for East AndSouthern Africa, COMESA. He has served in boards of manyorganisations including in the strategy committee of theNairobi Securities Exchange and KenCargo Airlines Limited.He has taught air transport management as a visiting lecturerfor the City University of London and financial management11

KENYA AIRWAYS PLC (FORMERLY KENYA AIRWAYS LIMITED)BOARD OF DIRECTORS’PROFILES (CONTINUED)and creative writing at Daystar University as a part-timelecturer. Besides being an author (he has published fivebooks), he is passionate about social justice and commentson economics and politics in his capacity as a newspapercolumnist – currently for the Star Newspaper and previouslyas Sunday Standard columnist. His book, ‘I Blame the Sky’,won the 2013 Jomo Kenyatta Prize for Literature, Children’sEnglish Category. He has also published two poetrycollections (Heartbeats of the Mind and Loud Monologues,Silent Dialogues), a novella for young adults (The Heart isa Reluctant Nomad), and a collection of opinion articles(Telling it to the Birds). He has a forthcoming novel – TheSpeed of Sin – published in early 2016.Kap-kirwok, with the help of friends, helped build the firstmodern school library for Chemoge Secondary School inMt. Elgon sub-county. For this and other contributions in theeducation sector, he was nominated by Bungoma County andhonoured during the 2014 National Heroes Day (MashujaaDay) in October 2014.Kap-kirwok is a graduate of the University of Nairobi (BSc),Eastern University (MBA), Wharton Business School (Certificatein Strategy) and University of Cape Town (Certificatein Leadership).Festus W. King’ori(Alternate to Dr. Kamau Thugge) (54 Years)Mr. King’ori is the Alternate to the Principal Secretary/National Treasury. He holds a Bachelor of Commerce degreefrom the University of Nairobi and is finalising an MBA fromJKUAT. Festus holds a post graduate certificate in InvestmentAppraisal and Management from Harvard University, amongothers. He has also undergone extensive training in generalmanagement, strategic leadership and financial management.Festus has extensive experience in public policy, particularlywith regard to public investments, gained from local andinternational institutions, having worked on secondment bythe GoK to the World Bank. Festus has also served on severalother boards in the same capacity. He is trained in corporategovernance and is a full member of the Kenya Instituteof Management.Mr. Nicholas Bodo(Alternate to Prof. Paul Mwangi) (49 Years)Mr. Bodo holds a Bachelor of Arts degree from OsmaniaUniversity, India. He is a Certified Public Secretary (K) andholds a Graduate Diploma in Aviation Management from theNational University of Singapore & the Singapore AviationAcademy and a Certificate in Air Law from the Egyptian12Aviation Academy. He is currently pursuing a Masters ofBusiness Administration from Laikipia University. He startedhis career in the Ministry of Transport as an Administrator inthe position of Assistant Secretary III and rose through theranks to Senior Assistant Secretary before being elevated toChief Air Transport Officer. He was also the Acting DirectorGeneral, Kenya Civil Aviation Authority from December, 2008to July, 2009 and Acting Managing Director, Kenya AirportsAuthority from July 2016 to November 2016. He is currentlythe Deputy Director and Heads the Air Transport Divisionin the Ministry of Transport, Infrastructure, Housing andUrban Development.Professor Paul Mwangi Maringa(PHD), MAAK: Non-Executive Director (58 Years)Professor Paul Mwangi Maringa is the Principal Secretary forthe State Department of Transport in the Ministry of Transportand Infrastructure, Housing and Urban Development of theRepublic of Kenya. The role of the Ministry is to deliver Kenya’sambitious plans to have a world class transport and logisticssystem for the country that will contribute to the realisationof Kenya’s national vision to be middle income country before2030. Prior to his appointment as Principal Secretary, he wasthe Strategic Advisor for Planning and Project Managementof Workforce Development Authority (WDA), Kigali, Rwanda.Prior to this he was the Vice-Chancellor of Kigali Institute ofScience and Technology (KIST), Kigali, Rwanda.Professor Maringa is credited with having pioneered theSchool of Architecture and Building Sciences (SABS) at JomoKenyatta University of Agriculture and Technology (JKUAT)and the Faculty of Architecture and Environmental Design(FAED) at KIST in Rwanda.Professor Maringa holds a Bachelor’s degree of Architecturefrom the University of Nairobi, a Masters of Arts in Planning(Urban & Regional Planning) from the University of Nairobiand a Doctor of Philosophy in Environmental Planning (PHD)from JKUAT.

KENYA AIRWAYS PLC (FORMERLY KENYA AIRWAYS LIMITED)13

1999Voted African Airline of the Year by African Aviation Magazine (UK based publication).Voted Best Regional Airline in Eastern Africa by Travel News (a Kenyan publication).2000Named African Airline of the Year for the second year running by African Aviation Magazine.Voted runner-up in the award for the Most Respected Company in East Africa by business leaders.Surveyed by PricewaterhouseCoopers and Nation Media Group.

40 YEARS OFUNPARALLELEDSERVICE2001Voted Best User of Information Technology in Kenya by the Computer Society of Kenya.Kenya Airways named African Airline of the Year for third year running by African Aviation Magazine.2003Kenya Airways acquires 49% shareholding in Precision Air, a Tanzanian carrier.

KENYA AIRWAYS PLC (FORMERLY KENYA AIRWAYS LIMITED)MANAGEMENT TEAMPROFILESjoining Kenya Airways in June 2017, Sebastian was the CEO ofeSky.pl, the leading Central European Online Travel Agent whichis specialised in e-distribution of travel products, currentlyoperating in 15 countries worldwide and owns a proprietarytechnology, including mobile distribution.Sebastian is also the former President and Chief ExecutiveOfficer of LOT Polish Airlines. LOT as the national carrier ofPoland has eighty eight years of history and is one of the oldestairlines in the world. He held the position of CEO of LOT twiceand is credited with conducting an in depth turnaround of thecompany leading to its first positive results in many years. Hewas the Chairman of the Supervisory Board of LOT’s regionaloperator EuroLOT, operating Bombardier Q400 aircrafts andhe was member of the Supervisory Boards of LOT AMS (theMRO base), WRO-LOT (regional handling company) as well asEurobank (retail bank, part of SG Group).Sebastian MikoszGroup Managing Director & CEO (44 Years)Sebastian Mikosz joined Kenya Airways as the Group ManagingDirector & CEO on 1st June, 2017. He replaces Mbuvi Ngunze whoresigned on 31 May, 2017.Sebastian is a graduate of the Institute of Political Studies(IEP Paris) in France with a master’s degree in economicsand finance. He has over twenty years professional andinternational experience in executive management, both inthe private and public sector. Sebastian has also held variousnon-executive roles as Supervisory Board member. Prior toDick MuriankiActing Group Finance Director (49 Years)Dick Murianki has over fifteen years’ experience in the airlineindustry and over twenty years in accountancy and generalmanagement. Prior to his current acting appointment, Dick wasthe General Manager, Kenya Airways Cargo. He has served KenyaAirways in various managerial roles since joining the Company asa Cost Accountant in 2001. He was Finance Manager, Kencargo, asubsidiary of Kenya Airways and later the Business PerformanceManager for the Passenger Business Unit. In 2005, Dick wasappointed to Head the Internal Audit function and in 2008, Headof Financial Control, a role he held till 2013 when he took over asthe General Manager for KQ Cargo.Prior to joining Kenya Airways, he worked with Ernst and YoungPublic Accountants for eight years as an Accountant and BusinessConsultant. Dick is a Certified Public Accountant (CPA-K) anda Certified Internal Auditor (CIA). He holds an MBA from MoiUniversity–Kenya, and a Bachelor of Commerce degree from theUniversity of Nairobi-Kenya.16Sebastian started his career in 1997 with Arthur Andersen officein Paris, where he specialised in investments in the emergingmarkets. After returning to Poland in 2000 he worked onestablishing the first independent online brokerage house inPoland. A year later he became the Managing Director of theFrench Chamber of Commerce and Industry in Poland (CCIFP).Between July 2003 – September 2006 he was Vice-President ofthe Polish Information and Foreign Investment Agency (PAIiIZ).As a governmental agency PAIiIZ was in charge of attractingforeign investors to Poland and focus on the economic promotionof Poland. Between 2007 to 2009 he held the position ofDirector in Deloitte Business Consulting Warsaw Office. He wasresponsible for developing the business consulting for the publicsector together with supporting the inflow and development offoreign investors in Poland.

KENYA AIRWAYS PLC (FORMERLY KENYA AIRWAYS LIMITED)MANAGEMENT TEAMPROFILES (CONTINUED)Jan started his career with KLM in 1978 in accounting, fromwhich he moved to IT.In 1988, he got his master’s degree in Dutch Law, havingspecialised in Air and Space Law.He became involved in the operation of cargo, worked ondevelopment of new cargo buildings and got involved withprocurement. He became Director of Operations for the Benelux,UK and Ireland in 1994. In 1997, he moved to Singapore asDirector for South East Asia and Australia.In 1999 he moved back to the Netherlands and becameVice-President Worldwide Cargo Operations, amongst othersresponsible for running KLM’s hub at Amsterdam, exploitationof the freighter and trucking network, introduction of the new747-400F and procurement for the whole Cargo division. Duringthis period, he also became Vice Chairman of AEA Cargo.He was also Chairman of the Board of CSC India (Cargo handlingcompany in BOM/DEL) and Blue Crown (KLM in house broker).In 2006, he moved to Singapore again, this time as VicePresident Asia Pacific for Air France Cargo/KLM Cargo andMartinair Cargo.Jan de VegtChief Operating Officer (58 Years)Jan joined Kenya Airways on 1st August, 2016 as Chief OperationOfficer from Cobalt Ground Solutions in the UK where he was theManaging Director. He has been at Senior Managerial level forthe last twenty two years.In 2012, he moved to the UK to manage Cobalt Ground Solution,a handling company jointly owned by KLM and Air France.Vincent CosteCommercial Director (47 years)Vincent Coste is an international senior airline executive withextensive experience in delivering profitable growth andimproving performance in the Aviation Industry. Vincent hasworked in various commercial roles across seven countries inNorth and South America, Europe and the Middle East beforejoining KQ as Commercial Director in November 2016.During these professional experiences, Vincent led largeteams in both commercial and general management positionsin large multinational groups including, Air France-KLM andQatar Airways and worked closely with a number of partnerairlines, including top US and Asian carriers. His main focusis to achieve ambitious revenue and cost targets in highlycompetitive environments by creating effective and motivatedteams dedicated to revenue growth across all channels. He hasdriven innovation and change in most of his roles by successfullyinvolving all the key players around key goals.Vincent’s core experience consists of building, implementingand following up efficient marketing and sales plans inmulti-channel environments i.e. E-commerce and internetenabled distribution, corporate segment, agents and brokers.He has also been involved in the negotiation of complexdeals - multi-million corporate contracts (in France, Europe, USA,Latin America and Asia) and strategic incentive contracts withkey distributors

Pax yield/RPK inc fuel surcharge (Usc) 8.68 9.37 9.55 Exchange rate 100.90 100.52 89.05 Employees Airline 3,027 3,349 3,463 Group 3,582 3,870 4,002 Aircraft at year end In service Boeing 787-800 7 9 6 Boeing 777-300 - 3 3 Boeing 767-300 - - 5 Boeing 737-800 8 8 6 Boeing 737-700 2 2 4 Boeing 737-300 2 2 4 Embraer 190 15 15 15 B737-300 Freighter .