KazMunaiGas Exploration Production JSC Board of Directors calls the Annual General Meeting of Shareholders on May 28, 2008 and recommended payment of dividends in the amount of KZT 563 per share

/KASE, 11.04.08/ - KazMunaiGas Exploration Production JSC (Astana), common shares of which are traded in the Kazakhstan Stock Exchange (KASE) category "A" official list, disseminated today the press-release, which informs on the following. Quotation start The Board of Directors ("BoD") of JSC KazMunaiGas Exploration Production ("KMG EP" or the "Company") has approved the date and the agenda for the Annual General Meeting of Shareholders ("AGM"). The AGM will take place on 28 May 2008 in Astana. The agenda of the AGM includes the approval of the Company's 2007 Annual Report and consolidated financial statements as well as the approval of the amount of and procedure for the dividend payment. The AGM will review communications with shareholders; activities of BoD and the Management Board of the Company in 2007; appointment of the tabulation committee; the remuneration of the BoD and the Management Board for 2007. Shareholders will also be asked to elect a new member of the BoD to replace one of the representatives of the National Company KazMunaiGas. The Board of Directors has recommended a dividend for the fiscal year 2007 of 563 tenge per share (approximately USD0.78 per GDR), subject to shareholders' approval at the AGM. The Board's recommendation is based on the KMG EP's stated policy of paying out 15% of net income, but also includes an additional Special Dividend amount. The Special Dividend represents a partial distribution to shareholders of the initial dividend received from Kazgermunai in which the Company acquired a 50% interest in April 2007. The total amount of the dividend will be 41.7bn tenge (about USD346 m.). It is expected that the annual dividends for the fiscal year 2007 will be paid to the shareholders on record as of June 9, 2008, and that dividend payments will start on July 28, 2008. Contact information: KMG EP Public Relations (+7 7172 977908, +7 7172 977924) Ms Zukhra Sultanova e-mail: pr@kmgep.kz KMG EP Investor Relations (+7 7172 975433) Mr Alexander Gladyshev e-mail: ir@kmgep.kz WMC Communications Ltd / Pelham PR (+44 203 178 44 18) Mrs Elena Dobson e-mail: Elena.dobson@pelhampr.com Quotation end [2008-04-11]