OREANDA-NEWS. On April 08, 2008 Company Kazakhmys PLC (London), common shares of which are traded in the Kazakhstan Stock Exchange (KASE) category "A" official list, provided to KASE the press release, which informs on the following, reported the press-centre of KASE:

On 12 March 2008 Eurasian Natural Resources Corporation PLC ("ENRC") made an announcement that one of the opportunities at the early stages of being evaluated by ENRC was a possible combination of its business with that of Kazakhmys. On 13 March 2008 Kazakhmys announced that no proposal had been received from ENRC and Kazakhmys confirms today that nothing has been received since that date.

Accordingly, Kazakhmys has applied to the UK Takeover Panel Executive (the "Takeover Panel Executive") for a ruling under Rule 2.4(b) of the City Code on Takeovers and Mergers (the "Takeover Code"). Such a ruling, if made, would set a deadline by which ENRC must, unless the Takeover Panel Executive consents otherwise, either announce a firm intention to make an offer for Kazakhmys in accordance with Rule 2.5 of the Takeover Code or announce that it does not intend to make an offer for Kazakhmys. If ENRC announces that it does not intend to make an offer for Kazakhmys, ENRC and any person acting in concert with it will, except with the consent of the Takeover Panel Executive, be bound by the restrictions contained in Rule 2.8 of the Takeover Code for six months from the date of such announcement.

A further announcement will be made as and when appropriate.