/KASE, July 11, 2008/ - KAZAKHMYS PLC (London), common shares of which
are traded in Kazakhstan Stock Exchange's (KASE) category "A" official list,
provided KASE with press release of the following content:
Quotation start
Kazakhmys PLC (the "Company") announces that at its General Meeting held
today, the proposed acquisition of a 7.66% stake in Eurasian Natural Resources
Corporation PLC ("ENRC") from the Government of Kazakhstan (the
"Government"), in exchange for the issue to the Government of 80,286,050 new
ordinary shares in the Company, representing a 15% stake in the enlarged
issued share capital of the Company, was approved by its shareholders.
Combined with its existing stake of 14.59% in ENRC acquired in October 2007,
the Company will hold a 22.24% stake in ENRC and the Government will hold a
15% stake in the Company on completion of the acquisition.
The acquisition remains conditional on the receipt of the required regulatory
approvals from the Kazakh authorities which are expected to be received shortly.
Copies of the ordinary resolution passed by the shareholders of the Company at
its General Meeting have been submitted to the UK Listing Authority and will
shortly be available for inspection at the UK Listing Authority's Document Viewing
Facility, which is situated at:
Financial Services Authority
25 The North Colonnade
Canary Wharf
London E14 5HS
Tel. No. (0) 20 7066 1000
Full details of the proxy votes received will shortly be available at
www.kazakhmys.com
Robert Welch
Company Secretary
020 7901 7831
For further information please contact:
Kazakhmys PLC
John Smelt
Head of Corporate Communications
Tel: +44 20 7901 7882
Tel: +44 78 7964 2675
Olga Nekrassova
Financial Analyst
Tel: +44 20 7901 7814
Merlin
David Simonson Tel: +44 20 7653 6620
Tom Randell Tel: +44 20 7653 6620
Leonid Fink Tel: +44 20 7653 6620
Quotation end
The full version of KAZAKHMYS PLC press release is available at KASE website
at:
-
http://www.kase.kz/emitters/scan/kzms/gbkzms_reliz_110708.pdf - in Russian;
-
http://www.kase.kz/emitters/scan/kzms/gbkzms_reliz_110708e.pdf - in English.
[2008-07-11]