OREANDA-NEWS. August 10, 2010. JSC KazMunaiGas Exploration Production ("the Company", "KMG EP") is pleased to announce that a specialised trade for the repurchase of the Company’s preferred shares was held on KASE from 1 July 2010 till 30 July 2010.

At the end of this specialized trade the Company accepted applications for the sale of 456,148 preferred shares at the price of 17,980.93 Tenge per share. The aggregate purchase amount was 8,201,965,257.64 Tenge. This specialized trade will be settled on the 4 August 2010. The Company has now repurchased 763,260 preferred shares for an aggregate price of 14,636,877,823.54 Tenge under its buyback programme. The dates of the next specialised trade under the Company’s buyback programme will be announced in due course.

The Company will make announcements before each specialised trade, as well as announcements after each specialised trade informing of the terms and results of such trade.

The listing and the buyback programme are intended to provide preferred shareholders with greater transparency and liquidity. The majority of preferred shares are currently distributed among more than 30,000 individual shareholders, including present and former employees of KMG EP and their families.