KazMunaiGas Exploration Production (Kazakhstan) informed on 2,174 common shares buy back on November 26, 2008

/KASE, November 27, 08/ - KazMunaiGas Exploration Production (Астана), shares of which are traded in Kazakhstan Stock Exchange (KASE) official list of the first category, disseminated the press release on the following. Quotation start KazMunaiGas Exploration Production (KMG EP or the Company) announces that pursuant to the Share Buy Back Program commenced on November 24, 2008, yesterday the Company acquired 2174 of its ordinary shares (KASE: RDGZ) on Kazakhstan Stock Exchange (KASE) at an average price of KZT9,300 each. Under the Buy Back Program the Company has the option to purchase its common shares listed on the KASE and global depositary receipts listed on the London Stock Exchange (LSE: KMG) up to an aggregate value of $350 million. The program will be executed subject to the applicable requirements of the stock exchanges and will end before 31 October 2009. The Company has appointed two brokers to execute the Buy Back Program, one for each exchange. The daily announcements summarizing the results of each day's trading can be found on the Company's website www.kmgep.kz. Contact information: KMG EP, Public Relations (+7 7172 97 7600) Michael Dorofeyev E-mail: pr@kmgep.kz KMG EP, Investor Relations (+7 7172 97 7971) Asel Kaliyeva E-mail: ir@kmgep.kz Pelham PR (+44 203 178 44 18) Elena Dobson E-mail: Elena.dobson@pelhampr.com Quotation end [2008-11-27]