Share Buy Back Daily Results

KMG EP Share Buy Back Programme.

Announcement on the results of the trading

Astana, 24 October 2011. JSC KazMunaiGas Exploration Production ("the Company" or "KMG EP") announces that pursuant to the Share Buy Back Programme commenced on 11 October, 2011, on 21 October 2011 the Company acquired 4 858 of its global depositary receipts ("GDRs") (LSE:KMG) on the London Stock Exchange at an average price of US$15.96 per GDR.

Since the start of the Share Buy Back Programme, the Company has purchased in aggregate 322 787 GDRs and 40 ordinary shares.

For further details please contact us at:

«KMG EP». Public Relations (+7 7172 97 7600)

Daulet Zhumadil

E-mail: [email protected]

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

Asel Kaliyeva

E-mail: [email protected]

Pelham Bell Pottinger (+44 207 861 3147)

Elena Dobson

е-mail: [email protected]