December 2, 2008, KazMunaiGas Exploration Production (Kazakhstan) buys back 25,000 global depository receipts on London Stock Exchange and 2,150 common shares on KASE

/KASE, December 3, 08/ - KazMunaiGas Exploration Production (Astana), shares of which are traded in Kazakhstan Stock Exchange (KASE) first category official list, disseminated the information on the following. Quotation start KazMunaiGas Exploration Production ("KMG EP" or "the Company") announces that pursuant to the Share Buy Back Programme commenced on 24 November, 2008, on 02 December 2008, the Company acquired 25,000 global depository receipts ("GDR") on London Stock Exchange at the average $12.7500 per GDR, and 2,150 common shares, offered on Kazakhstan Stock Exchange, at the average KZT 9,360 per ordinary share. Since the start of the Share Buy Back Programme, the Company has purchased in aggregate 85,000 GDRs and 3,637 ordinary shares. 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 [2008-12-03]