Shares Buy Back Daily Results

KMG EP Share Buy Back Programme.

Announcement on the results of the trading

Astana, 17 February 2012. JSC KazMunaiGas Exploration Production ("the Company" or "KMG EP") announces that pursuant to the Share Buy Back Programme commenced on 11 October, 2011, on 16 February 2012 the Company acquired 36 183 of its global depositary receipts ("GDRs")  (LSE:KMG) on the London Stock Exchange at an average price of US$ 16.37 per GDR and 92 of its ordinary shares (KASE:RDGZ) on the Kazakhstan Stock Exchange at an average price of KZT 14 560.00 each.

Since the start of the Share Buy Back Programme, the Company has purchased in aggregate 2 319 368 GDRs and 4 708 ordinary shares.

For further details please contact us at:

«KMG EP». Public Relations (+7 7172 97 7908)

Elena Pak

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]