OREANDA-NEWS. On January 10, 2007 Company Kazakhmys PLC, common shares of which are traded in the category "A" official list of Kazakhstan stock exchange (KASE), had furnished KASE with a press release, saying, reported the press-centre of KASE:

Kazakhmys PLC (the "Company") announces that it has commenced a non-discretionary programme to purchase ordinary shares for cancellation during its close period which commences on 6 January 2008 and is expected to end on the date of the announcement of its preliminary results.

The buy back programme will be managed by an independent third party, which makes its trading decisions independently of, and uninfluenced by, the Company.

Any acquisitions will be effected within certain pre-set parameters, and in accordance with both the Company's general authority to repurchase shares and Chapter 12 of the Listing Rules which requires that the maximum price paid be limited to no more than 5 per cent above the average market value for the shares as derived from the London Stock Exchange Daily Official List for the five business days immediately prior to such purchase.