Notice of AGM

Zhaikmunai L.P.

(the "Company")

Zhaikmunai L.P. Annual General Meeting

Douglas, Isle of Man - July 7th, 2010 - Zhaikmunai L.P. (LSE:ZKM) is pleased to announce that its Annual General Meeting ("AGM") will be held at Clinch's House, Lord Street, Douglas, Isle of Man, IM99 1RZ on July 22nd, 2010 at 11:00 a.m.

The meeting will consider the resolutions laid out in the notice of AGM, which has been posted to limited partners along with the Form of Proxy.

For further information please visit www.zhaikmunai.com.

Further enquiries

Zhaikmunai LP

Bert Jordens, Investor Relations Officer

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

Brunswick

Michael Harrison +44 (0) 20 7404 59 59

 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 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.