EURASIAN NATURAL RESOURCES CORPORATION PLC (ENRC, United Kingdom) presents statement of Sir David Cooksey at annual general meeting of shareholders

/KASE, June 11, 09/ - EURASIAN NATURAL RESOURCES CORPORATION PLC (London), a company listed on Kazakhstan Stock Exchange (KASE), provided KASE with a press release dated June 10, 2009: Quotation beginning London - Eurasian Natural Resources Corporation PLC ('ENRC' or, together with its subsidiaries, the 'Group'), the holding company of a leading diversified natural resources group principally based in Kazakhstan, today announces that its Chairman, Sir David Cooksey, will make the following comments to shareholders at the Annual General Meeting later today: "As disclosed in our Interim Management Statement, issued on 13 May 2009, the first quarter of 2009 was challenging with significant pricing pressures across all Divisions, although sales and production volumes during the period were better than management's prior expectations. The Group achieved good control of unit costs across all of its businesses, helped in part by the devaluation of the Kazakhstani tenge in February. The Group maintained a strong balance sheet and working capital remained well- controlled. Notwithstanding the better than expected performance noted above, management believes that it is premature to suggest that current levels of improved demand from and shipments to China yet signal the onset of a global economic recovery. We anticipate that pressure on prices for most of our commodities will remain into the second half of 2009, particularly as a supply surplus remains in most markets. A weakening US dollar may push high-carbon ferrochrome prices up as South African production costs increase; however, we believe a sustained price improvement will require a more general global economic recovery. Continued focus on the control of operating costs, combined with the recent devaluation, will help us maintain our competitive cost position." For further information, please, contact: ENRC: Investor Relations Mounissa Chodieva +44 (0) 20 7389 1879 James S. Johnson +44 (0) 20 7389 1862 Marianna Adams +44 (0) 20 7389 1886 ENRC: Press Relations Julia Kalcheva +44 (0) 20 7389 1861 M: Communications Hugh Morrison +44 (0) 20 7153 1534 Edward Orlebar +44 (0) 20 7153 1523 Elly Williamson +44 (0) 20 7153 1539 Quotation end [2009-06-11]