Form 8 (OPD) Kazakhmys Plc

(a) Identity of the party to the offer making the disclosure:

Alexander Machkevitch

Patokh Chodiev

Alijan Ibragimov

Committee of the State Property and Privatisation of the Ministry of Finance of the Republic Kazakhstan on behalf of the Government of the Republic of Kazakhstan ("GRK")

(together, the "Consortium")*

(b) Owner or controller of interests and short positions disclosed, if different from 1(a):

The naming of nominee or vehicle companies is insufficient

GRK

(c) Name of offeror/offeree in relation to whose relevant securities this form relates:

Use a separate form for each party to the offer

Kazakhmys PLC (as the proposal by the Consortium includes Kazakhmys PLC shares as part of the consideration, the Panel Executive has ruled that Kazakhmys PLC should be treated as a party to the offer for the purposes of the Code)

(d) Is the party to the offer making the disclosure the offeror or the offeree?

OFFEROR

(e) Date position held:

3 June 2013

(f) Has the party previously disclosed, or is it today disclosing, under the Code in respect of any other party to this offer?

YES

If YES, specify which: Eurasian Natural Resources Corporation plc ("ENRC")

Class of relevant security:

Ordinary Shares of 20 pence each

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

80,286,050

15.33

Nil

N/A

(2) Derivatives (other than options):

Nil

N/A

Nil

N/A

(3) Options and agreements to purchase/sell:

Nil

N/A

Nil

N/A

TOTAL:

80,286,050

15.33

Nil

N/A

Class of relevant security in relation to which subscription right exists:

None

Details, including nature of the rights concerned and relevant percentages:

None

Details of any irrevocable commitments or letters of intent procured by the party to the offer making the disclosure or any person acting in concert with it (see Note 3 on Rule 2.11 of the Code):

None

Details of any interests, short positions and rights to subscribe of any person acting in concert with the party to the offer making the disclosure:

As the proposal by the Consortium includes Kazakhmys PLC shares as part of the consideration, the Panel Executive has ruled that Kazakhmys PLC should be treated as a party to the offer for the purposes of the Takeover Code.

Kazakhmys PLC is not part of the offeror Consortium. However, as a result of GRK's 26.57%* shareholding in Kazakhmys PLC (which forms part of the offer consideration), Kazakhmys PLC and its directors are presumed under the Takeover Code to be acting in concert with GRK and therefore also with the Consortium in relation to ENRC.

* This figure includes the direct holding of The Joint Stock Company National Welfare Fund "Samruk-Kazyna" of 58,876,793 shares (11.24%). These shares are intended to be transferred to GRK and will form part of the offer consideration. The shares indirectly held by The Joint Stock Company National Welfare Fund "Samruk-Kazyna" through BTA Bank JSC and DC of BTA Bank 'BTA Securities' JSC will not be transferred to GRK and will not form part of the offer consideration.

** VTB Capital plc, JSC VTB Bank and affiliated entities

*** (i) 58,876,793 shares directly held, (ii) 605,826 shares held by BTA Bank JSC, a 97.26% owned subsidiary; (iii) 1,897 shares held by DC of BTA Bank 'BTA Securities' JSC, a wholly owned subsidiary of BTA Bank JSC

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the party to the offer making the disclosure or any person acting in concert with it:

If there are no such agreements, arrangements or understandings, state "none"

None

Details of any agreement, arrangement or understanding, formal or informal, between the party to the offer making the disclosure, or any person acting in concert with it, and any other person relating to:

(i) the voting rights of any relevant securities under any option; or

(ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:

If there are no such agreements, arrangements or understandings, state "none"

None

Supplemental Form 8 (Open Positions)

Yes

Supplemental Form 8 (SBL)

Yes

4 June 2013

Amanda Keelan

+44 207 006 4548

Identity of person whose open positions are being disclosed:

VTB Capital plc*

Name of offeror/offeree in relation to whose relevant securities the disclosure relates:

Kazakhmys plc

Class of relevant security

Product description e.g. call option

Written or purchased

Number of securities to which option or derivative relates

Exercise price per unit

Type

e.g. American, European etc.

Expiry date

20p Ordinary

Put option

Sold

1,000,000

3.4 GBP

American

Dec 13

Full details should be given so that the nature of the interest or position can be fully understood:

Identity of person whose positions/transactions are being disclosed:

VTB Capital plc*

Name of offeror/offeree in relation to whose relevant securities this form relates:

Kazakhmys plc

Class of relevant security:

20p

Number

%

Securities borrowed:

408,000

0.078

Securities lent (including securities subject to a security financial collateral arrangement with right of use or a title transfer collateral arrangement):

Class of relevant security

Nature of transaction

e.g. securities lending/borrowing, delivery/receipt of recalled securities, entering into financial collateral arrangement with right of use, entering into title transfer collateral arrangement etc.

Number of securities