OREANDA-NEWS. On March 17, 2009 KAZAKHMYS PLC (London), common shares of which are present in Kazakhstan Stock Exchange (KASE) official list, provided to KASE the press release of March 5, 2009 on the following, reported the press-centre of KASE:

This statement provides operational and unaudited financial results for Kazakhmys' managed businesses. The statement excludes the contribution from ENRC PLC, in which Kazakhmys has a 26% shareholding.

OPERATIONAL AND NON-FINANCIAL HIGHLIGHTS
                                                                        
- Production of copper slightly ahead of 2007 and targets

  - Cathode equivalent increased to 343 kt from 341 kt

- Diversification

  - Stake in ENRC PLC increased to 26.0% from 14.6%

  - Acquisition of the Ekibastuz GRES-1 power plant, making Kazakhmys the largest power producer in Kazakhstan

FINANCIAL

- EBITDA from managed businesses excluding special items down to US1,627 million from US2,336 million

- Net Debt of US 1,628 million at year end

  - Cash and deposits of US 572 million and an undrawn revolving credit facility of US 200 million

- Impairment charges of US 400 million

  - Reflecting difficult market conditions and pricing environment

2009 STRATEGY AND OUTLOOK

- Emphasis on margin and cash preservation

  - Cost reductions of US 200 million and capital expenditure reductions of US250 million compared to 2008 already identified

  - Output of copper cathode equivalent managed down to 300 kt to reduce costs

  - No final dividend to be paid to conserve cash

  - 80 kt of copper production hedged in 2009