OREANDA-NEWS. KazMunaiGas Exploration Production JSC (Astana, hereinafter – the Company), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release:

"JSC KazMunaiGas Exploration Production ("KMG EP" or "the Company") updates on domestic pricing for 2015 and 2016. Until 2015, the Company supplied oil to the domestic market in line with the volumes outlined in the IPO Prospectus (2006-2010: up to 1.9 million tonnes; 2011-2015: in line with volumes outlined in the Company’s business plan, which was approved by the Company's Board of Directors). The IPO Prospectus states that the domestic price equals to cost plus 3%, whereby the cost equals cost of producing one tonne of crude oil, plus the cost of transportation, plus general and administrative costs. Between 2012 and 2014, KMG EP supplied oil to the domestic market at a margin to cost of production above 3%".