/KASE, October 22, 07/ - Company KAZAKHMYS PLC (London), common
shares of which are traded in Kazakhstan stock exchange's (KASE)
category "A" official list provided KASE with the press-release in which the
following is informed:
quotation begin
Kazakhmys PLC company ("the Company") has announced today that on
the special shareholders' meeting that has taken place today, on October 19
of 2007, the independent shareholders of the Company have approved the
proposal of acquiring direct 18.8% stake of participation in Eurasian Natural
Resources Corporation PLC (ENRC).
The ENRC Group is a large diversified mining and natural resources group
with significant, high quality assets in Kazakhstan. The Independent
Directors consider the investment key to Kazakhmys' long-term strategy of
seeking to acquire interests in existing regional natural resources
businesses with attractive internal and external growth prospects and its
execution will bring significant benefits to Kazakhmys and its shareholders.
The purchase depends on normative approval from Government of
Kazakhstan due to the indirect change in the right of ownership regarding
the rights on subsurface use.
Results of special general shareholders' meeting
After accepting the resolution that has been proposed today for voting on
special general shareholders' meeting (Resolution) two copies of the
Resolution were transmitted to the Administration of securities access on
London stock exchange for its publication in accordance with the rules of
securities access on the stock exchange.
The results of voting on Resolution were as follows:
----------------------------------------------------------------------------
Votes for Votes against
------------------------- -----------------------
----------- ------------- --------- -------------
Resolution % of the % of the Total
Number of total number Number of total number number of
submitted of submitted submitted of submitted submitted
votes votes votes votes votes
-------------- ----------- ------------- --------- ------------- -----------
To allow
the purchase
of the entire
issued
shaarehodlers'
equity of
"Kazakhmys
Eurasia B.V." 112,849,151 97.9 2,425,002 2.1 115,274,153
by the Company
----------------------------------------------------------------------------
Not accounting for the voting rights that were not used by certain members
of the top management of the Company (as it is described below), the total
number of unused rights to vote was equal to 645,637 votes. The unused
rights to vote are not considered as submitted votes and, therefore, are not
counted when calculating the ratios of votes, submitted for or against the
resolution.
As it was noted in the brochure for shareholders dated October 1 of 2007,
due to his status of an Interested person, Vladimir Kim had to abstain from
participation in voting on the special general shareholders' meeting.
Moreover, Mr Novachuk, Mr Ogay, Mr Ni (and his closest relatives) and the
persons related to them have voluntarily abstained from participation in
voting on the special general shareholders' meeting, thus, (taking into
consideration of voting right of Mr Kim) having reduced the total number of
votes that could participate in voting on the special general shareholders'
meeting from 470,033,865 to 205,634,995.
Quotation end
A complete version of the given press release of KAZAKHMYS PLC is
available at
http://www.kase.kz/emitters/scan/kzms/gbkzms_reliz_191007.pdf
[2007-10-22]