Shares Buy Back Daily Results

KMG EP Share Buy Back Programme.

Announcement on the results of the trading

Astana, 4 January 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 December 2011 and 3 January 2012 the Company acquired 1 609 and 22 961 of its global depositary receipts ("GDRs")  (LSE:KMG) on the London Stock Exchange at an average price of US$ 14.81 and US$ 14.90 per GDR, respectively.

Since the start of the Share Buy Back Programme, the Company has purchased in aggregate 1 302 710 GDRs and 3 831 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]