Company EURASIAN NATURAL RESOURCES CORPORATION PLС (United Kingdom) commented the situation on combination with KAZAKHMYS PLC

14.05.08 12:49
/KASE, May 14, 08/ - Company EURASIAN NATURAL RESOURCES CORPORATION PLС (London), common shares of which are traded in Kazakhstan Stock Exchange (KASE) category "A" official list, provided to KASE the press release of May 13, 2008, where informs on the following: Quotation start On 12 March 2008, Eurasian Natural Resources Corporation PLC ('ENRC', or together with its subsidiaries, 'the Group') announced that it was at the early stages of evaluating a potential combination of its business with that of Kazakhmys. Following a detailed evaluation of the potential combination, the Board of ENRC, while concluding that the enlarged group would have certain strategic and financial merits, has decided not to make an offer for Kazakhmys at the current time. Given ENRC's scale and diversity the Board continues evaluation of a number of opportunities to create further value for its shareholders, involving both investments in the existing businesses as well as mergers and acquisitions. To this end the Group recently announced a number of financially disciplined acquisitions, in Russia, Brazil and the People's Republic of China, expanding its geographical presence in its core commodities. For further information, please contact: ENRC Mounissa Chodieva +44 (0) 20 7389 1879 James S Johnson +44 (0) 20 7389 1862 Marianna Adams +44 (0) 20 7389 1886 M: Communications Hugh Morrison +44 (0) 20 7153 1534 Edward Orlebar +44 (0) 20 7153 1523 Julia Kalcheva +44 (0) 20 7153 1517 Quotation end [2008-05-14]