KazMunaiGas Exploration Production (Kazakhstan) buys back on December 31, 2008 5,202 GDR on London Stock Exchange and 1,197 common shares on KASE

/KASE, January 5, 09/ - KazMunaiGas Exploration Production (Astana), shares of which are traded in Kazakhstan Stock Exchange (KASE) first category official list, disseminated today the press release 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 31 December 2008 the Company acquired 5,202 of its global depositary receipts ("GDRs") (LSE:KMG) on the London Stock Exchange at an average price of $12.7922 per GDR and 1,197 of its ordinary shares (KASE:RDGZ) on the Kazakhstan Stock Exchange at an average price of KZT 9,389.11 each. Since the start of the Share Buy Back Programme, the Company has purchased in aggregate 270,073 GDRs and 16,389 ordinary shares. Contact information: KMG EP, Public Relations (+7 7172 97 7600) Michael Dorofeyev e-mail: pr@kmgep.kz KMG EP, Investors 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 [2009-01-05]