AGM: Proposed Resolutions Passed

Zhaikmunai L.P.

(the "Partnership")

ANNUAL GENERAL MEETING OF LIMITED PARTNERS:

PROPOSED RESOLUTIONS PASSED

Douglas, Isle of Man, 1 July 2011: Zhaikmunai L.P. (LSE: ZKM) ("Zhaikmunai") is pleased to announce that on 1 July 2011 the limited partners of Zhaikmunai duly passed all proposed resolutions at the annual general meeting of limited partners. 

For further information please visit www.zhaikmunai.com.

Further enquiries

Zhaikmunai LP

Bruno Meere, Investor Relations Officer

[email protected] +44 (0) 1624 68 21 79

Pelham Bell Pottinger

Philip Dennis

Elena Dobson +44 (0) 207 861 32 32

About Zhaikmunai

Zhaikmunai is an independent oil and gas enterprise currently engaging in the exploration and development and production of oil and gas. It is listed on the London Stock Exchange (Ticker symbol: ZKM). Its principal producing asset is the Chinarevskoye Field located in northwestern Kazakhstan. Zhaikmunai L.L.P., a wholly-owned subsidiary of Zhaikmunai L.P., holds a 100% interest in and is the operator of the Production Sharing Agreement for the Chinarevskoye Field. 

Forward-Looking Statements

Some of the statements in this document are forward-looking. Forward-looking statements include statements regarding the intent, belief and current expectations of the Partnership or its officers with respect to various matters. When used in this document, the words "expects," "believes," "anticipates," "plans," "may," "will," "should" and similar expressions, and the negatives thereof, are intended to identify forward-looking statements. Such statements are not promises or guarantees, and are subject to risks and uncertainties that could cause actual outcomes to differ materially from those suggested by any such statements.