KAZAKHMYS PLС (United Kingdom) announced reduction of its Board of Directors Chairman holding of 58,876,793 common shares GB00B0HZPV38 (GB_KZMS) on KASE

05.10.10 17:16
/KASE, October 5, 10/ - KAZAKHMYS PLС (London), common shares of which are present in Kazakhstan Stock Exchange (KASE) official list, provided to KASE the following press-release of October 5, 2010: quotation starts Kazakhmys PLC (the "Company" or "Kazakhmys") announces that its Chairman, Vladimir Kim, has sold an interest in 58,876,793 ordinary 20p shares (representing approximately 11% of the shares in issue). The transaction was executed on the Kazakhstan Stock Exchange at 3,363 KZT per share, based on a closing mid-market share price of 1,423 pence per share, as derived from the Official List of the London Stock Exchange, on 4 October 2010. The shares were purchased by National Welfare Fund Samruk-Kazyna JSC ("Samruk-Kazyna"). Mr Kim's interest in the Company is now 149,306,795 ordinary shares (representing 27.9% of the shares in issue). The interest of the Government of Kazakhstan has increased to 139,162,843 ordinary shares (representing 26.0% of the shares in issue), including The State Property & Privatisation Committee's* existing 15.0% interest. The transaction enables Mr Kim to diversify his investment portfolio whilst retaining a significant long-term shareholding in Kazakhmys. The transaction represents the first disposal of Kazakhmys shares by Mr Kim since the Company's IPO on the London Stock Exchange in 2005. Mr Kim continues to be Chairman of Kazakhmys and remains firmly committed to his role leading Kazakhmys in delivering its strategic objectives. The Government of Kazakhstan's increased shareholding in Kazakhmys, through Samruk-Kazyna, demonstrates a positive commitment by the Kazakh sovereign wealth fund to a strategically important company within Kazakhstan. Mr Kim has undertaken to the Company not to sell any further interest in Kazakhmys shares for 12 months following this announcement, save for up to 21,409,614 ordinary shares (currently representing 4.0% of the shares in issue) which he has agreed to make available to facilitate the provision of liquidity for a possible secondary listing on the Hong Kong Stock Exchange in 2011. For details, please contact: Group Kazakhmys John Smelt, Head of Corporate relations tel: +44 20 7901 7882 Irin Burton, financial analyst tel: +44 20 7901 7814 Zulfira Mukhamediyarova, senior manager for media relations tel: +77 27 266 3317Merlin David Symonson tel: +44 20 7726 8400 Tom Randall tel: +44 20 7726 8400 Leonid Fink tel: +44 20 7726 8400 quotation ends [2010-10-05]