KMG EP elected new member of Management Board

PRESS RELEASE

Kairbek Yeleusinov is elected as member of KMG EP Management Board

Astana, 10 October 2013. JSC KazMunaiGas Exploration Production ("KMG EP" or "the Company") announces that on 4 October 2013 at the meeting of the Board of Directors of KMG EP Deputy General Director for Production Kairbek Yeleusinov was elected as member of the Management Board of the Company.

As reported earlier, Bakhyt Imanbayev, Deputy General Director for Production, Member of the Management Board, has resigned from his position on 28 September 2013.

Notes to editors

KMG EP is among the top three Kazakh oil and gas producers. The overall production in 2012 was 12.2mt (an average of 247 kbopd) of crude oil, including the Company's share in Kazgermunai, CCEL and PKI. The total volume of proved and probable reserves, as at the end of 2011 was 226mt (1.7bn bbl), including shares in the associates of about 2.1 bn barrels. 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 in its IPO in September 2006. The International rating agency Standard & Poor's (S&P) confirmed KMG EP's "BBB-" corporate credit rating in December 2011.

Management Board of the Company as of 10 October 2013:

Abat Nurseitov - Chief Executive Officer;

Kairbek Yeleusinov - Deputy General Director for Production;

Benjamin Fraser - Managing Director - Financial Controller;

Malik Saulebai - Managing Director for Legal Issues;

Botagoz Ashirbekova - Managing HR Director.

For further details please contact us at:

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

Asel Kaliyeva

e-mail: [email protected]

«KMG EP». Public Relations (+7 7172 97 7908)

Yelena Pak

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.