Shares Buy Back Daily Results

KMG EP Share Buy Back Programme.

Announcement on the results of the trading

Astana, 15 December 2011. JSC KazMunaiGas Exploration Production ("the Company" or "KMG EP") announces that pursuant to the Share Buy Back Programme commenced on 11 October, 2011, on 14 December 2011 the Company acquired 15,298 of its global depositary receipts ("GDRs")  (LSE:KMG) on the London Stock Exchange at an average price of US$15.34 per GDR and 130 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 1,120,246 GDRs and 3,351 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)

Елена Добсон

е-mail: [email protected]