Shareholder Circular and Notice of General Meeting

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO ANY RESTRICTED JURISDICTIONS OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

FOR IMMEDIATE RELEASE

12 July 2013

Kazakhmys PLC ("Kazakhmys" or the "Company")

SHAREHOLDER CIRCULAR AND NOTICE OF GENERAL MEETING

Further to the Company's announcement made on 24 June 2013 relating to the announcement by Eurasian Resources Group B.V. ("Eurasian Resources") of its firm intention to make an offer for the entire issued and to be issued share capital of Eurasian Natural Resources Corporation PLC ("ENRC") (other than the ENRC shares already held by Eurasian Resources) (the "Takeover Offer") and the proposed disposal of the 334,824,860 ENRC ordinary shares held by the Kazakhmys group pursuant to the Takeover Offer and the related repurchase of the 77,041,147 Kazakhmys shares from Eurasian Resources by the Company (the "Transaction"), Kazakhmys announces that the Shareholder Circular including Notice of General Meeting regarding the Transaction and other connected matters is being posted to shareholders today.

The General Meeting will be held at the offices of Linklaters LLP, One Silk Street, London EC2Y 8HQ, United Kingdom at 9.00 a.m. (UK time) on 2 August 2013.

In accordance with LR 9.6.1, Kazakhmys has submitted the following documents to the National Storage Mechanism which will shortly be available for inspection at www.hemscott.com/nsm.do:

- the Shareholder Circular including Notice of General Meeting; and

- Form of Proxy relating to the General Meeting.

The Shareholder Circular including the Notice of General Meeting is available at www.kazakhmys.com

For further information please contact:

KazakhmysJohn Smelt Corporate Communications Tel: + 44 (0)20 7901 7882Robert Welch Company Secretary Tel: + 44 (0)20 7901 7831

College HillDavid Simonson Tel: + 44 (0)20 7457 2031Anca Spiridon Tel: + 44 (0)20 7457 2842

REGISTERED OFFICE6th Floor, Cardinal Place, 100 Victoria Street, London SW1E 5JL, United Kingdom.

This announcement is not intended to, and does not constitute, or form part of, an offer to sell, purchase or exchange or the solicitation of an offer to sell, purchase or exchange any securities or the solicitation of any vote or approval in any jurisdiction. This announcement does not constitute a prospectus or a prospectus equivalent document. Shareholders of Kazakhmys are advised to read carefully the formal documentation relating to the Transaction once it has been despatched. The proposals relating to the Transaction will be made solely through the Shareholder Circular, which will contain details of how to vote with respect to the Transaction.