KAZAKHMYS PLC (United Kingdom) increases it stake in EURASIAN NATURAL RESOURCES CORPORATION PLC (ENRC) up to 22.24 %

/KASE, July 31, 08/ - KAZAKHMYS PLC (London) common shares of which are traded in the official list of Kazakhstan Stock Exchange (KASE) of category "А" provided KASE with the press release: Quotation start Kazakhmys PLC ("Kazakhmys") announces the completion of its acquisition of a further 7.66 % stake in ENRC PLC from the Government of the Republic of Kazakhstan (the "Government"). Kazakhmys has acquired 98,607,884 shares in ENRC from the Government taking Kazakhmys total holding in ENRC from 14.59 % to 22.24 %. The acquisition was satisfied by the issue of 80,286,050 new shares to the Government. As a consequence, the Government has become 15.0 % shareholder of the enlarged capital of Kazakhmys. Following this transaction, Kazakhmys has acquired its total stake in ENRC at an average of 623 pence per ENRC share. Commenting on the completion, Oleg Novachuk, Chief Executive of Kazakhmys PLC, said: "We are pleased to have completed this increase of our stake in ENRC and welcome the Government of Kazakhstan as a shareholder in Kazakhmys. The stake in ENRC is consistent with our strategy of diversifying our earnings stream and we will continue to seek attractive opportunities in the region." "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 Tel: +44 20 7653 6620 Tom Randell Tel: +44 20 7653 6620 Leonid Fink Tel: +44 20 7653 6620 Quotation end [2008-07-31]