Mr. V. Kim Chairman of the Board of Directors KAZAKHMYS PLC has sold about 11% of the shares of the Group

/IRBIS, October 5, 2010/ - Chairman of the Board of Directors KAZAKHMYS PLC Vladimir Kim, has sold 58,876,793 ordinary shares at 20 pence each, roughly equivalent to 11% stake in Kazakhmys, indicated in the report released today KAZAKHMYS. As indicated, the operation was performed on the Kazakhstan Stock Exchange at a price of KZT3,363 per share, which corresponds to the price of 1.423 pence per share at the close of the London Stock Exchange on Oct. 4, 2010. The shares were purchased by JSC "National Welfare Fund" SK ". It is noted that the proportion of B. Kim in the company amounts to 149,306,795 ordinary shares (27.9% of the shares of the Group) after the sale of shares in SK. The Government of the Republic of Kazakhstan increased its stake in the company to [139,162,843] ordinary shares (26% of the shares of the Group), which includes a 15% stake held by the Committee for State Property and Privatization Ministry of Finance of the Republic of Kazakhstan. "The deal would allow Mr. Kim to diversify the investment portfolio, without losing a substantial and long-term equity participation in Kazakhmys. This is the first sale of shares by Mr. Kim since the IPO on the London Stock Exchange in 2005. Mr. Kim continues to hold the position of Chairman of the Board of Directors of Kazakhmys and take an active role in implementing the strategic goals. Increasing the share of the Government of the country in Kazakhmys through SK, underlines the commitment of the National Welfare Fund to the strategically important companies in Kazakhstan ", - it's stated in the message. It is reported that Mr. Kim has undertaken not to sell additional shares in Kazakhmys within 12 months from the date of this communication, except for 21,409,614 ordinary shares (currently 4% of the total shares of the Group) which he has agreed to provide for liquidity, with the possible secondary listing on the Stock Exchange of Hong Kong in 2011. "While I was interested in diversifying their investment portfolio, this transaction does not diminish my commitment to Kazakhmys and its future. My role in the Group remains unchanged, and I will continue to assist in achieving long-term goals of the Company", - said Chairman of the Board Directors Mr. Vladimir Kim, whose words are reported. [2010-10-05]