KAZAKHMYS PLC (United Kingdom): Ekibastuz GRES-1 places bonds KZ2P0Y05D650 (EKGSb1)

/KASE, February 4, 10/ - KAZAKHMYS PLC (London), listing on Kazakhstan Stock Exchange (KASE), provided KASE with a press release dated February 3, 2010: Quotation begins The Kazakhmys Group is announcing a successful placement of its first bond issue on the Kazakhstan Stock Exchange. The bonds for a total of KZT10 bn (USD67 m), were issued by Ekibastuz GRES-1, which is a part of the group's energy unit. The borrowed funds will be spent for financing of further development of the power plant. The bonds were issued and began to circulate in December 2009. The bonds primarily were placed on an unorganized market in the period January 22 through January 29. At that, the demand on the side of Kazakhstan investors significantly exceeded the subscription amount. These are coupon 12 % APR interest rate 5 year bonds. BCC Invest and Halyk Finance are joint arrangers of the issue. "We are very delighted with the debut of our bonds on the Kazakhstan market. The demand exceeding the subscription amount is evidence domestic investors feel confident investing into Kazakhstan manufacturers. And of course, once again we saw a huge trust Kazakhmys and its subsidiary Ekibastuz GRES-1 enjoy in Kazakhstan. We are implementing the largest Kazakhstan energy project at this power plant. Establishing different funding sources shall provide an opportunity to finish the proposed power plant development programs in time", - commented Nikolay Korobovskiy, Director of Energy Department. Contact: Kazakhmys PLC: John Smelt Head of Corporate Relations Теl: +44 20 7901 7882 Tel: +44 78 7964 2675 Irene Burton Financial Analyst Теl: +44 20 7901 7814 Zulfira Mukhamediarova Senior Manager - Media Relations Теl: +77 27 266 3317 Merlin David Simonson Tel: +44 20 7726 8400 Tom Randell Tel: +44 20 7726 8400 Leonid Fink Tel: +44 20 7726 8400 Ends [2010-02-04]