Zhaikmunai (Kazakhstan) Zhaikmunai Group Limited Board of Directors approved GDR buy-back program on London Stock Exchange

/KASE, February 11, 13/ - Zhaikmunai (Uralsk), bonds of which are officially listed on Kazakhstan Stock Exchange (KASE), provided to KASE the following press release of February 11, 2013: quotation Zhaikmunai L.P. ("Zhaikmunai" or the "Partnership") is pleased to announce that the Board of Directors of its general partner, Zhaikmunai Group Limited, has considered a GDR buy-back programme and submitted the following suggestions to the limited partners of the Partnership for their approval by special resolution: 1) a proposal that the Partnership be granted a general authorization to purchase Zhaikmunai Global Depositary Receipts (GDRs) listed on the London Stock Exchange and Zhaikmunai partnership interests, and 2) certain amendments to Zhaikmunai's limited partnership agreement be made to allow for the initiation of such a GDR buy-back programme. The Board intends to distribute to Zhaikmunai's limited partners a notice and a circular convening a general meeting of limited partners on Thursday, 28 March 2013 in Amsterdam to consider and vote upon the matters mentioned above. For further information, please visits www.zhaikmunai.com Further enquiries Zhaikmunai LP - Investor Relations Bruno Meere, Kirsty Hamilton-Smith investor_relations@zhaikmunai.com + 44 (0) 1624 68 21 79 Pelham Bell Pottinger Philip Dennis Elena Dobson + 44 (0) 207 861 32 32 ends [2013-02-11]