Notice on EGM of shareholders

KazMunaiGas Exploration Production

Notice on extraordinary general meeting of shareholders

Astana, 21 September, 2012. KazMunaiGas Exploration Production JSC ("Company") located at: 17, Kabanbay Batyr Ave, Astana, hereby informs its shareholders of extraordinary general meeting to be held on 6 November 2012 at 10.30 am at: 17 Kabanbay Batyr Ave, Astana, Kazakhstan (the address of Company's executive body), conference hall 1201, with the following agenda:

1. Amendments to the Company Charter;

2. Approval of the Company's revised Corporate Governance Code, and repeal of the old one.

The registration of shareholders starts at 9.30am.

The registration ends at 10.15am.

If there is no quorum another extraordinary general meeting of shareholders shall be held on 7 November 2012 at 10.30 am with the same agenda at the same address:

The record date of shareholders entitled to attend the extraordinary general meeting of shareholders is 2 October 2012.

Shareholders may familiarize themselves with materials on the agenda from 15 October 2012 in the Company's premises at: 12th floor, office 1207, 17 Kabanbay Batyr Ave, Astana, Kazakhstan, on working days from 9.00am till 6.30pm, and on the web site: www.kmgep.kz.

For further details please contact us at:

KMG EP. Investor Relations (+7 7172 97 54 33)

Asel Kaliyeva

E-mail: [email protected]

KMG EP. Public Relations (+7 7172 97 79 15)

Zhuldyz Dzhumadilova

E-mail: [email protected]

Pelham Bell Pottinger (+44 207 861 3147)

Elena Dobson

E-mail: [email protected]