VALERY TOLKACHEV - Corporate Board Profile

Freedom Holding Corp.

Filing Date	Source Excerpt
2004-09-20	Valery Tolkachev 36 Director December 2003
2005-10-06	The audit committee is comprised of two independent directors, consisting of Troy Nilson and Valery Tolkachev, with Mr. Nilson acting as chairman. Our board of directors has determined that Mr. Nilson qualifies as an "audit committee financial expert" under the rules of the SEC adopted pursuant to the requirements of the Sarbanes-Oxley Act of 2002. Mr. Nilson and Mr. Tolkachev each qualifies as "independent" as defined by the listing standards of the American Stock Exchange. During fiscal 2005 our audit committee met two times. Our board of directors has also established a compensation committee. A copy of our compensation committee charter is attached hereto as Appendix B. The principal function of the compensation committee is to make recommendations regarding compensation of the Company's officers. The compensation committee is comprised of three independent directors consisting of Troy Nilson, Valery Tolkachev and Stephen Smoot.
2006-03-23	Messers. Benarroch, Cherdabayev, Nilson, Smoot and Tolkachev are directors of the Company.
2006-09-11	Valery Tolkachev. Since 1999 Mr. Tolkachev has been employed with Aton Investment Company in Moscow, Russia. He is currently serving as a Managing Director of Capital Markets for Aton Investment Company. From 1991 to 1999, Mr. Tolkachev served in various positions including, broker, analyst, manager and V.P. of Equities Department at MDM Bank, InkomBank, InkomCapital, Tveruniversalbank and TIRAbrok Company. Mr. Tolkachev graduated with Honors from the High Military School in Kiev, USSR in 1989. In June 2005 Mr. Tolkachev graduated from the Academy of National Economy, Moscow Law Faculty. Mr. Tolkachev also serves as a director of Caspian Services, Inc., and Bekem Metals, Inc., both are U.S. reporting issuers. The audit committee is comprised of three independent directors, Troy Nilson, Stephen Smoot and Valery Tolkachev, with Mr. Nilson acting as chairman. Our board of directors has determined that Mr. Nilson qualifies as an “audit committee financial expert” under the rules of the SEC adopted pursuant to the requirements of the Sarbanes-Oxley Act of 2002. Mr. Nilson, Mr. Smoot and Mr. Tolkachev each qualifies as “independent” as defined by the listing standards of the American Stock Exchange. During fiscal 2006 our audit committee met six times. Each member attended at least 83% of the audit committee meetings held during the fiscal year ended March 31, 2006. The principal function of the compensation committee is to make recommendations regarding compensation of the Company’s officers. The compensation of our chief executive officer is recommended to the board (in a proceeding in which our chief executive officer does not participate) by the compensation committee. Our compensation committee is comprised of three independent directors, Troy Nilson, Valery Tolkachev and Stephen Smoot. Compensation for all other officers is also recommended to the board for determination, by the compensation committee. During the fiscal year ended March 31, 2006 our compensation committee met three times. Each member attended at least 67% of the compensation committee meetings held during the fiscal year ended March 31, 2006.
2007-06-25	The compensation committee is comprised of three directors consisting of Troy Nilson, Valery Tolkachev and Stephen Smoot. The following table sets forth a summary of the compensation we paid to our non-employee directors for services on our board during our 2007 fiscal year. Valery Tolkachev: Fees Earned or Paid in Cash $25,000, Stock Awards $280,000, Option Awards $136,337, All Other Compensation $1,000, Total $442,337.
2008-06-20	Mr. Tolkachev serves on the Compensation Committee and the Corporate Governance and Nominating Committee of the Company.
2009-07-01	Mr. Tolkachev serves on the Compensation Committee and the Corporate Governance and Nominating Committee of the Company. Mr. Tolkachev became a Company director in December 2003. Mr. Tolkachev also serves as a director of Caspian Services, Inc., and Bekem Metals, Inc. Both are SEC registrants. During the 2009 fiscal year, we increased the annual stipend paid to the non-employee members of the board of directors from $25,000 to $40,000 per year. We also pay the non-employee members of our board of directors $1,000 for each directors meeting or shareholder meeting attended in person, plus airfare and hotel expenses.
2011-04-19	Valery Tolkachev. Since August 2009, Mr. Tolkachev has served as Advisor to the CEO at Moscow-based MaxWellBank. Mr. Tolkachev also serves on the board of directors at MaxWellBank and is waiting a pending appointment as CEO. From August 2008 to March 2009, Mr. Tolkachev was employed with Slavyansky Bank in Moscow, Russia, where he served as the Deputy Chairman. From 1991 to 2008, Mr. Tolkachev served in various positions with various employers including UniCreditAton, MDM Bank, InkomBank, InkomCapital and others. Mr. Tolkachev graduated with Honors from the High Military School in Kiev, USSR in 1989. In 2005 he completed his studies at the Academy of National Economy, as a qualified lawyer. Mr. Tolkachev serves on the Compensation Committee and the Corporate Governance and Nominating Committee of the Company. Mr. Tolkachev became a Company director in December 2003. Mr. Tolkachev also serves as a director of Caspian Services, Inc., and Bekem Metals, Inc. Both are SEC registrants. Other than as disclosed herein, Mr. Tolkachev is not currently, nor has he in the past five years been, a director or nominee of any other SEC reporting issuer.