OMG Ecological Claim Dismissed

PRESS - RELEASE

Administrative fine of 212.6 billion Tenge dismissed by court

Astana, 6 March 2014. Further to the press release dated 27 February 2014, reconfirming the successful appeal of an administrative fine of 212.6 billion Tenge against JSC Ozenmunaigas ("OMG"), JSC KazMunaiGas Exploration Production ("the Company") is today pleased to announce that the Specialized Administrative Court in Aktau of Mangistau region ("the Court") has ruled that the case has been dismissed and there is no avenue for appeal, but there remains the remote possibility that the Court's ruling can be revisited by the prosecutor's office.

As previously reported, OMG continues with its legal action to appeal the claim for environmental damage of 327.9 billion Tenge in relation to the disposal of contaminated soil. The disposal of contaminated soil resulted from past activities on the site and did not occur due to activity by either OMG or KMG EP. Currently the Company believes that OMG will successfully appeal this allegation.

Notes to editors

KMG EP is among the top three Kazakh oil and gas producers. The overall production in 2013 was 12.4mt (an average of 251kbopd) of crude oil, including the Company's share in Kazgermunai, CCEL and PKI. The Company's total consolidated volume of proved and probable reserves including shares in the associates, as at the end of 2012 was 204 mt (1.5bn bbl), out of which 148 mt (1.1bn bbl) relates to Ozenmunaigas and Embamunaigas. 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 May 2013.

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 7915)

Zhuldyz Dzhumadilova

e-mail: p[email protected]

Brunswick Group (+44 207 404 5959)

Andrew Mitchell

e-mail: [email protected]

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