Freedom Holding Corp. approved an increase in the size of the Board from five to six directors and expanded the number of Class III directors of the Board from one to two. Effective the same date, the Board appointed Amber Williams to fill the newly created Class III directorship. Ms. Williams will hold office for the remaining term of the Class III directors, which expires at the 2021 annual shareholder meeting. Ms. Williams is an independent director. There are no arrangements or understandings between Ms. Williams and any other person pursuant to which Ms. Williams was appointed to the Board. Ms. Williams will be entitled to the applicable annual cash retainer and other compensation paid to non-employee members of the Board and committee members, under terms consistent with those previously disclosed by the Company. Ms. Williams has been appointed to serve on the Company’s audit committee and its nominating and corporate governance committee. Ms. Williams was selected to serve as a director based on her professional experience in accounting, auditing, finance and internal controls and her background as a licensed CPA.