A new member elected to KMG EP Board of Directors

A new member elected to KMG EP Board of Directors

Astana, 14 December 2016. JSC KazMunaiGas Exploration & Production ("KMG EP" or "Company") held an extraordinary general meeting of its shareholders ("EGM") on 13 December 2016. In accordance with the decisions approved at the EGM, Serik Abdenov, Vice President for Human Resources at JSC National Company KazMunayGas was elected as a new member of the KMG EP Board of Directors ("the Board") replacing Christopher Hopkinson, whose duties as a member of the Board were duly terminated.

In addition, the EGM approved amendments to the Charter of KMG EP, which were introduced in accordance with the Government's Decree No.1095 dated 28 December 2015 "On approval of list of activities carried out by legal entities with a state ownership of 50 percent or more, and their affiliates". Activities of KMG EP were harmonized with the Decree and were agreed with the Committee on Regulation of Natural Monopolies and Protection of Competition under the Ministry of National Economy of the Republic of Kazakhstan.

The above mentioned amendments to the Charter do not impact any of the principal activities of the Company.

Notes to editors

Serik Abdenov, Vice President for Human Resources at JSC National Company KazMunayGas ("NC KMG"). He holds an Honours Law Degree from the Kazakh Institute of Law and International Relations; and Economy Degree from the Karaganda Economic University of Kazpotrebsouz. He holds an MBA in Management of Cooperation between a Business and Government from the Russian Presidential Academy of National Economy. He has the following executive background: he was Minister of Labour and Social Protection in Kazakhstan; First Deputy Akim of East Kazakhstan Province. Within NC KMG he was Advisor to the Chairman of the Management Board; Managing Director for Human Resources and Compensation.

KMG EP is among the top three Kazakh oil producers. The overall production in 2015 was 12.4 million tonnes (251 kbopd) of crude oil, including the Company's share in Kazgermunai, CCEL and PKI. The Company's volume of proved and probable reserves excluding shares in the associates, at the end of 2015 was 193 million tonnes (1,409 mmbbl). The Company's shares are listed on the Kazakhstan Stock Exchange and the GDRs are listed on The London Stock Exchange. The Company raised over US$2bn at its IPO in September 2006.

For further details please contact us at:

KMG EP. Investor Relations (+7 7172 97 5433)

Saken Shoshanov

e-mail: [email protected] 

KMG EP. Public Relations (+7 7172 97 78 87)

Bakdaulet Tolegen

e-mail: [email protected]

Brunswick Group (+44 207 404 5959)

Carole Cable

e-mail: [email protected]

Bell Pottinger (+44 203 772 2500)

Henry Lerwill

e-mail: [email protected]

Forward-looking statements

This document includes statements that are, or may be deemed to be, ''forward-looking statements''. These forward-looking statements can be identified by the use of forward-looking terminology including, but not limited to, the terms ''believes'', ''estimates'', ''anticipates'', ''expects'', ''intends'', ''may'', ''target'', ''will'', or ''should'' or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. These forward-looking statements include all matters that are not historical facts. They include, but are not limited to, statements regarding the Company's intentions, beliefs and statements of current expectations concerning, amongst other things, the Company's results of operations, financial condition, liquidity, prospects, growth, potential acquisitions, strategies and as to the industries in which the Company operates. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances that may or may not occur. Forward-looking statements are not guarantees of future performance and the actual results of the Company's operations, financial condition and liquidity and the development of the country and the industries in which the Company operates may differ materially from those described in, or suggested by, the forward-looking statements contained in this document. The Company does not intend, and does not assume any obligation, to update or revise any forward-looking statements or industry information set out in this document, whether as a result of new information, future events or otherwise. The Company does not make any representation, warranty or prediction that the results anticipated by such forward-looking statements will be achieved.