Polyus Gold has closed down an offer on shares purchase of KazakhGold Group Limited on August 13, 2009

/IRBIS, August 14, 2009/ - August 13, Polyus Gold (Russia) offer to acquire a 50.1 % stake in KazakhGold Group Limited. According to report, the calculations with the shareholders of KazakhGold will be implemented in the period up to August 27, 2009. "There were received a valid application for the acceptance in respect of 51,021,452 shares of KazakhGold, representing approximately 96.37 % of the issued share capital of KazakhGold. The total number of valid applications for acceptance includes an application for acceptance, received on 22,141,036 Stock KazakhGold (in aggregate representing approximately 41.82% of issued share capital of KazakhGold), in which case irrevocable commitments received by Jenington from Gold Lion Holdings Limited ( "Gold Lion"), David Nezerveya and Derrela Norton. Neither Jenington, neither OJSC "Polyus Gold", nor its affiliated companies have no outstanding irrevocable commitments or protocols of intent for stocks KazakhGold ", - stated in the message. KazakhGold shareholders will receive approximately 7.18 U.S. dollars in cash and 0.064 shares of JSC Polyus Gold for each share of KazakhGold, in respert to it, there were submitted application for acceptance to the specified level. [2009-08-14]