OREANDA-NEWS. August 10, 2011. BMB Munai, Inc. (NYSE Amex: KAZ) (the "Company"), provided notice to the NYSE Amex of its intention to voluntarily delist its shares of common stock ("Common Stock") from the NYSE Amex. As previously announced, the Company will sell its interest in its wholly-owned operating subsidiary, Emir Oil LLP (the "Sale"), to a subsidiary of MIE Holdings Corporation (HKEx: 1555), contingent upon the satisfaction of certain closing conditions. The Company intends to file with the Securities and Exchange Commission a Form 25 relating to the delisting of its Common Stock on the closing date of the Sale, with the delisting of its Common Stock taking effect ten calendar days thereafter. Accordingly, the Company expects that the last day of trading of its Common Stock on the NYSE Amex will be ten calendar days after the closing of the Sale. Upon delisting from NYSE Amex, the Company believes that its Common Stock will be eligible to trade on the Pink Sheets LLC (the "Pink Sheets"). While the Common Stock may be quoted over-the-counter on the Pink Sheets, there can be no assurance that trading in its Common Stock will continue on the Pink Sheets or otherwise.

The Company's announcement of its intention to voluntarily delist from the NYSE Amex is another step in a series of steps the Company is taking towards the closing of the pending Sale.

About the Company

BMB Munai, Inc. is an independent oil and gas company engaged in the exploration and test production of crude oil and natural gas in Western Kazakhstan. The Company maintains administrative offices in Salt