Circ re. reconvening of General Meeting

21 March 2012

Eurasian Natural Resources Corporation PLC

Circular re reconvening of General Meeting on the acquisition of the outstanding shares in Shubarkol Komir JSC (the "Circular")

Further to this morning's announcement, the Circular, accompanying Notice of Adjourned General Meeting (the "Notice") and Proxy Form have now been posted to shareholders.

A copy of the Circular, including the Notice, has also been submitted to the National Storage Mechanism ("NSM") and will shortly be available for inspection on the NSM's website at www.hemscott.com/nsm.do and on Eurasian Natural Resources Corporation PLC's website at www.enrc.com.

For further information, please contact:

Victoria Penrice +44 (0) 20 7389 1440

ENRC: Company Secretary

About ENRC

ENRC is a leading diversified natural resources group, performing integrated mining, processing, energy, logistics and marketing operations. The operations comprise: the mining and processing of chrome, manganese and iron ore; the smelting of ferroalloys; the production of iron ore concentrate and pellet; the mining and processing of bauxite for the extraction of alumina and the production of aluminium; the production of copper and cobalt; coal extraction and electricity generation; and the transportation and sales of the Group's products. The Group's production assets are largely located in the Republic of Kazakhstan; other assets, notably the Other Non-ferrous Division, are mainly located in Africa; the Group also has iron ore assets in Brazil. The Group's entities in H1 2011 employed on average 75,050 (2010: 74,098) people. In 2010, the Group accounted for approximately 4% of Kazakhstan's GDP. The Group currently sells the majority of its products to Russia, China, Japan, Western Europe and the United States. For the six months ended June 30 2011, the Group had revenue of US$4,011 million (2010: US$6,605 million) and profit attributable to equity shareholders of the Group of US$1,182 million (2010: US$2,185 million). ENRC has six operating Divisions: Ferroalloys, Iron Ore, Alumina and Aluminium, Other Non-ferrous, Energy and Logistics. ENRC is a UK company with its registered office in London. ENRC's shares are quoted on the London Stock Exchange ('LSE') and the Kazakhstan Stock Exchange ('KASE'). For more information on ENRC visit the Group's website at www.ENRC.com.