OREANDA-NEWS. November 12, 2009. KazakhGold Group Limited (”KazakhGold” or the “Company”) today announces the appointment of HSBC Bank plc as placing agent for its planned placing of new ordinary shares of KazakhGold (“Shares”) and GDRs representing the Shares. The placing was previously announced in the Partial Offer Document issued in connection with the acquisition by Jenington International Inc. ("Jenington"), a wholly-owned subsidiary of OJSC Polyus Gold, of 50.1 per cent of the ordinary share capital of KazakhGold.

As contemplated in the Partial Offer Document, KazakhGold expects to raise approximately USD  100 million following the completion of the placing. The placing is expected to be completed in the fourth quarter of 2009, subject to market conditions and other factors.