National Company KazMunayGaz announces extension of term of option agreement to buy back 50% stake in PCLL KMG Kashagan B.V.

/KASE, January 25, 2018/ – National Company KazMunayGaz (Astana), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE as follows: quote National Company KazMunayGas JSC ("NC KMG") hereby informs that pursuant to the terms of the Amendment to the Share Option Agreement signed between Cooperative KazMunaiGaz U.A. (99.88% subsidiary of NC KMG) and JSC "National Welfare Fund" Samruk-Kazyna (the "Fund"), the term for the exercise of the option to buy back a 50% stake in PCLL KMG Kashagan B.V. (“KMGK”) has been extended from 2018-2020 until 2020-2022. For reference: In October 2015, the Fund acquired a 50% stake in KMGK from NC KMG, leaving NC KMG with the right to buy back the above shares in accordance with the terms of the Share Option Agreement. NC KMG and the Fund own 8.44% in North Caspian Operating Company (NCOC), which comprise 16.88% in total. Contacts: ir@kmg.kz tel: +7 7172 78 62 27 unquote [2018-01-25]