Shares Buy Back Daily Results

KMG EP Share Buy Back Programme.

Announcement on the results of the trading

Astana, 29 March 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 28 March 2012 the Company acquired 87 000 of its global depositary receipts ("GDRs")  (LSE:KMG) on the London Stock Exchange at an average price of US$ 20.24 per GDR and 325 of its ordinary shares (KASE:RDGZ) on the Kazakhstan Stock Exchange at an average price of KZT 17 100.00 each.

Since the start of the Share Buy Back Programme, the Company has purchased in aggregate 3 905 582 GDRs and 6 364 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]