Extraordinary general meeting of shareholders of KazMunaiGas Exploration Production JSC (Kazakhstan) to be held September 24, 2008

/KASE, August 1, 08/ - KazMunaiGas Exploration Production JSC (Astana) shares of which are traded in the official list of Kazakhstan Stock Exchange (KASE) of category "A" disseminated the press release as follows: Quotation start JSC KazMunaiGas Exploration Production ("the Company" or "KMG EP") will hold an Extraordinary General Meeting ("EGM") on 24 September 2008, as decided at the Company's Board of Directors meeting on 31 July, 2008. The EGM Agenda will include the appointment of the Company's external auditor for the 2008 fiscal year and approval of the changes to the Company Charter, clarifying the authority of the KMG EP's Board of Directors and the Management Board in relation to the Company's risk management and treasury policies. The EGM scheduled earlier this month to consider these issues was declared void due to the lack of quorum. The forthcoming EGM Agenda will also include a proposal by the Company's major shareholder, National Company KazMunaiGas ("NC KMG"), to consider changes to the representatives of NC KMG on the Board of Directors. The EGM materials will be posted on the Company's website www.kmgep.kz At the Board of Directors meeting on 31 July, 2008 a number of additional business matters were also reviewed. Quotation end [2008-08-01]