December 4, 2008, KazMunaiGas Exploration Production (Kazakhstan) buys back 50,000 global depository receipts on London Stock Exchange and 3,690 company's common shares on KASE

/KASE, December 5, 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 JSC KazMunaiGas Exploration Production ("the Company" or "KMG EP") announces that pursuant to the Share Buy Back Programme commenced on 24 November, 2008, on 03 December 2008 the Company acquired 50,000 of its global depositary receipts ("GDRs") (LSE: KMG) on the London Stock Exchange at an average price of $13.0000 per GDR and 3,690 of its ordinary shares (KASE: RDGZ) on the Kazakhstan Stock Exchange at an average price of KZT 9,193.85 each. Since the start of the Share Buy Back Programme, the Company has purchased in aggregate 147,500 GDRs and 11,627 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 [2008-12-05]