KazMunaiGas Exploration Production (Kazakhstan) close period share and GDR buy back procedure announcement

/KASE, January 12, 09/ - KazMunaiGas Exploration Production (Astana), shares of which are traded in Kazakhstan Stock Exchange (KASE) first category official list provided to KASE the press release on the following: Quotation start JSC KazMunaiGas Exploration Production ("the Company" or "KMG EP") announces the share and global depositary receipt buy back procedure during the close period which precedes the Company's 2008 financial results announcement expected on March 12, 2009*. The close period is expected to begin on January 12, 2009 and end on March 12, 2009. During the close period the Buy Back Programme (as announced on 20th of November, 2008) will be managed by the two independent brokers appointed to execute the Buy Back Programme within pre-set parameters which will be established by the Company prior to the start of the close period. The brokers will make trading decisions independently of, and uninfluenced by, the Company but otherwise in accordance with the Buy Back Programme approved by the Board of Directors on the 8th of October, 2008. The Company hereby confirms that it is not aware of any unpublished price sensitive information relevant to the Company at the time of making of this announcement. * The close period is a time interval preceding the disclosure of important information (such as financial annual reports) during which the Company and its management are not allowed to deal in the securities. 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 [2009-01-12]