KAZAKHMYS PLC (United Kingdom) announces investment to progress major growth projects

/KASE, June 18, 08/ - KAZAKHMYS PLC (London), common shares of which are traded in the official list of Kazakhstan Stock Exchange (KASE) of category "A", provided KASE with the press release, informs as follows: Quotation start Kazakhmys PLC has approved the investment of up to $50 million dollars to purchase equipment for the Boschekul and Aktogay copper projects. The purchase will include some of the required major grinding mills, which will be able to process over 20 million tons of ore per annum. Boschekul and Aktogay are both currently in pre feasibility stage and are expected to move to feasibility in the first half of 2009. The lead times for delivery of large mining items has increased in recent years, so that ordering for this equipment is required now, in order to receive the equipment in mid 2011 and meet the project schedules. Oleg Novachuk, Chief Executive Officer of Kazakhmus PLC said "Our confidence in the progress being made at our major growth projects at Boschekul and Aktogay is such that we are making this commitment now, in order to ensure that the projects remain on schedule and our future growth is delivered". For further information, please, contact: Kazakhmys PLC John Smelt, Head of Corporate Communications Tel: +44 20 7901 7882 Olga Nekrassova, Financial Analyst Tel: +44 20 7901 7814 Merlin David Simonson and Tom Randell Tel.: +44 20 7653 6620 Leonid Fink Tel.: +44 20 7653 6620 Quotation end [2008-06-18]