KazMunaiGas Exploration Production (Kazakhstan) buys back 38 248 GDR on London Stock Exchange and 104 common shares KZ1C51460018 (KZ000A0KEZQ2, RDGZ) on KASE on February 23, 2012

/KASE, February 24, 12/ - KazMunaiGas Exploration Production (Astana), shares of which are officially listed on Kazakhstan Stock Exchange (KASE), provided to KASE the following press-release of February 24, 2012: quotation JSC KazMunaiGas Exploration Production ("the Company" or "KMG EP") announces that pursuant to the Share Buy Back Programme commenced on 11 October, 2011, on 23 February 2012 the Company acquired 38 248 of its global depositary receipts ("GDRs") (LSE:KMG) on the London Stock Exchange at an average price of US$16.63 per GDR and 104 of its ordinary shares (KASE:RDGZ) on the Kazakhstan Stock Exchange at an average price of KZT14 970.00 each. Since the start of the Share Buy Back Programme, the Company has purchased in aggregate 2 476 579 GDRs and 5 125 ordinary shares. Contacts: KMG EP, Public relations (+7 7172 97 7908) Elena Pak e-mail: pr@kmgep.kz KMG EP Investor Relations (+7 7172 97 5433) Assel Kalieva e-mail: ir@kmgep.kz Pelham Bell Pottinger (+44 207 861 3147) Elena Dobson e-mail: edobson@pelhambellpottinger.co.uk ends [2012-02-24]