Exploration Production KazMunayGas JSC (Kazakhstan) informed about successful implementation of SAP ERP system

/KASE, October 1, 07/ - Exploration Production KazMunayGas JSC (Astana), shares of which are traded in Kazakhstan stock exchange's (KASE) category "a" official list, had spread the press-release in which the following is informed: quotation begin KazMunaiGas Exploration Production announced today that the program of implementing SAP ERP has been successfully finalized. The main objective of implementing SAP ERP is the creation of a multifunctional automated system of company management that works in real time and allows KMG EP to maintain efficient record keeping, reporting and monitoring functions of the business. SAP ERP allows the Company to analyse business activities; business results; finance management; sales; management of material flows; planning; and management of business contracts timely and efficiently. Implementation of SAP ERP optimises and standardises business processes ensuring controlled access to company records and a flexibility of approach to information management. This creates a business and financial data archive that is crucial for the effective management and decision making process NOTES: KMG EP is the 2nd largest Kazakh oil producing company with over 9.5 mmt (192 kbopd) of crude production in 2006 and 203.2 mmt (1.5 billion bbl) of proved and probable reserves at the end of 2006. The Company's shares are listed on Kazakhstan Stock Exchange and the GDRs are listed on London Stock Exchange. The Company raised approximately US$2 billion in its IPO in October of 2006. Contact information: EP KMG JSC, Public relations (+7 7172 977908, +7 7172 977924) Lyazzat Kokkozova e-mail: pr@kmgep.kz EP KMG JSC, Institutional investors relations (+7 7172 975433) Alexander Gladyshev e-mail: ir@kmgep.kz WMC Communications Ltd (+44 207 930 9030) Elena Dobson e-mail: Elena.dobson@wmccommunications.com Forward-looking statements This document includes statements that are, or may be deemed to be, forward-looking statements''. These forward-looking statements can be identified by the use of forward-looking terminology, including, but not limited to, the terms ''believes'', ''estimates'', ''anticipates'', ''expects'', intends'', ''may'', ''target'', ''will'', or ''should'' or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. These forward-looking statements include all matters that are not historical facts. They include, but are not limited to, statements regarding the Company's intentions, beliefs and statements of current expectations concerning, amongst other things, the Company's results of operations, financial condition, liquidity, prospects, growth, potential acquisitions, strategies and as to the industries in which the Company operates. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances that may or may not occur. Forward-looking statements are not guarantees of future performance and the actual results of the Company's operations, financial condition and liquidity and the development of the country and the industries in which the Company operates may differ materially from those described in, or suggested by, the forward-looking statements contained in this document. The Company does not intend, and does not assume any obligation, to update or revise any forward-looking statements or industry information set out in this document, whether as a result of new information, future events or otherwise. The Company does not make any representation, warranty or prediction that the results anticipated by such forward-looking statements will be achieved. Quotation end [2007-10-01]