Shares Buy Back Daily Results

KMG EP Share Buy Back Programme.

Announcement on the results of the trading

Astana, 26 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 20, 21, 22 and 23 March 2012 the Company acquired 67 900, 51 745, 143 422 and 70 480 of its global depositary receipts ("GDRs")  (LSE:KMG) on the London Stock Exchange at an average price of US$18.73, US$18.92, US$19.27 and US$19.94 per GDR, respectively. On 20 March 2012 the Company also acquired 150 of its ordinary shares (KASE:RDGZ) on the Kazakhstan Stock Exchange at an average price of KZT 17 580.00 each.

Since the start of the Share Buy Back Programme, the Company has purchased in aggregate 3 708 240 GDRs and 5 859 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)

Елена Добсон

е-mail: [email protected]