27th Mar 2008 17:22
Eurasian Natural Resources Corp Plc27 March 2008 27 March 2008 Eurasian Natural Resources Corporation PLC Listing on the Kazakhstan Stock Exchange London - Eurasian Natural Resources Corporation PLC ('ENRC' or, together withits subsidiaries, 'the Group'), a leading diversified and fully integratedKazakhstan metals and mining company, is pleased to announce the successfulcompletion of its application to Kazakhstan's listing authorities for ENRC'sOrdinary Shares (the 'Shares') to be listed on the Kazakhstan Stock Exchange('KASE'). There will be no new shares issued in connection with this listing. The Shares will be listed in Category A of the KASE's official list. The listingapplication was approved by KASE on 27 March 2008. The start of dealings in theShares on the KASE is expected to be on or around 7 April 2008. The Board of ENRC believes that the KASE listing will enable the Group to accessa wider local investor base in Kazakhstan and will further the efforts of theGovernment of the Republic of Kazakhstan to continue to develop Kazakhstan'scapital markets. Dr. Johannes Sittard, Chief Executive Officer of ENRC, said, "I am pleased thatENRC will be listed on the Kazakhstan Stock Exchange, becoming the largestcompany listed there and fulfilling an ambition from the time of our IPO. I alsobelieve ENRC's listing will be a key step in the development of Kazakhstan'scapital markets." Centras Securities represented ENRC as its financial advisor to the secondarylisting on KASE and has been appointed by ENRC as its official market-maker. Deutsche Bank advised ENRC in connection with the Kazakhstan listing. - ENDS - For further information, please contact: ENRCMounissa Chodieva +44 (0) 20 7389 1879James S Johnson +44 (0) 20 7389 1862 M: CommunicationsHugh Morrison +44 (0) 20 7153 1534Edward Orlebar +44 (0) 20 7153 1523Julia Kalcheva +44 (0) 20 7153 1517 Deutsche Bank +44 (0) 20 7545 8000Louise Miller Centras Securities +7 (0) 727 259 8877Gulnara AlimbayevaRuslan Bulikpaev About ENRC Eurasian Natural Resources Corporation PLC is a leading diversified naturalresources group with integrated mining, processing, energy, logistical, andmarketing operations. It is the world's largest producer of ferrochrome, basedon chrome content, the world's sixth largest iron ore exporter by volume andworld's fifth largest supplier of traded alumina by volume. The Group's revenueswere US$3,256 million for the year ended 31 December 2006 and US$1,856 millionfor the six months ended 30 June 2007. EBITDA (pre exceptional items) wasUS$1,256 million for the year ended 31 December 2006 and US$797 million for thesix months ended 30 June 2007. For further information please see the Group'swebsite at www.enrc.com. Forward looking statements This document includes forward-looking statements that reflect the current viewsof the management of the Group with respect to future events. Theseforward-looking statements include matters that are not historical facts or arestatements regarding the Group's intentions, beliefs or current expectationsconcerning, among other things, the Group's results of operations, financialcondition, liquidity, prospects, growth, strategies, and the industries in whichthe Group operates. Forward-looking statements are based on current plans,estimates and projections, and therefore too much reliance should not be placedupon them. Such statements are subject to risks and uncertainties, most of whichare difficult to predict and generally beyond the Group's control. The Groupcautions you that forward-looking statements are not guarantees of futureperformance and that if these or other risks and uncertainties materialise, orif the assumptions underlying any of these statements prove incorrect, theGroup's actual results of operations, financial condition and liquidity and thedevelopment of the industry in which the Group operates may materially differfrom those made in, or suggested by, the forward-looking statements contained inthis document. In addition, even if the Group's results of operations, financialcondition and liquidity and the development of the industry in which the Groupoperates are consistent with the forward-looking statements contained in thisdocument, those results or developments may not be indicative of results ordevelopments in future periods. The Group does not undertake any obligation toreview or confirm analysts' expectations or estimates or to release publicly anyrevisions to any forward-looking statements to reflect events that occur orcircumstances that arise after the date of this document. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
ENRC.L