Shares Buy Back Daily Results

KMG EP Share Buy Back Programme.

Announcement on the results of the trading

The following replaces the information release on 31 October 2012, the average price per GDR has been corrected.

Astana, 31 October 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 30 October 2012 the Company acquired 21 324 of its global depositary receipts ("GDRs") (LSE:KMG) on the London Stock Exchange at an average price of US$17.99 per GDR.

Since the start of the Share Buy Back Programme, the Company has purchased in aggregate 11 846 869 GDRs and 17 480 ordinary shares.

For further details please contact us at:

KMG EP. Investor Relations (+7 7172 97 54 33)

Asel Kaliyeva

E-mail: [email protected]

KMG EP. Public Relations (+7 7172 97 79 15)

Zhuldyz Dzhumadilova

E-mail: [email protected]