Shares Buy Back Daily Results

KMG EP Share Buy Back Programme.

Announcement on the results of the trading

Astana, 8 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 7 February 2012 the Company acquired 44 431 of its global depositary receipts ("GDRs")  (LSE:KMG) on the London Stock Exchange at an average price of US$15.66 per GDR and 70 of its ordinary shares (KASE:RDGZ) on the Kazakhstan Stock Exchange at an average price of KZT 14 100.00 each.

Since the start of the Share Buy Back Programme, the Company has purchased in aggregate 1 998 975 GDRs and 4 458 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]