/Fitch Ratings, London-Moscow, August 4, 09/ - Fitch Ratings has today assigned KazMunaiGaz Finance Sub B.V.'s (KMG Finance Sub B.V.) tap issue of USD250m 11.75% notes, due 23 January 2015, a final senior unsecured rating of 'BBB-'.

The notes will be consolidated with the USD1.25bn 11.75% notes, due 23 January 2015, which were issued by KMG Finance Sub B.V. in July 2009 and are rated 'BBB-'. The notes were issued under KMG Finance Sub B.V.'s USD5bn global medium-term note programme rated 'BBB-'. The notes are unconditionally and irrevocably guaranteed by KazMunaiGaz National Company (NC KMG, rated BBB-'/'F3'/Negative).

Contacts: Angelina Valavina, London, Tel: +44 (0) 20 7682 7383;
Jeffrey Woodruff, +44 (0) 20 7682 7322.

Media Relations: Peter Fitzpatrick, London, Tel: + 44 (0)20 7417 4364, Email: peter.fitzpatrick@fitchratings.com.

[2009-08-05]