KAZAKHMYS PLС (United Kingdom) announces extension of deadline for proposal submitting on EURASIAN NATURAL RESOURCES CORPORATION PLC (ENRC, United Kingdom) share offer

04.06.13 12:40
/KASE, June 4, 13/ – KAZAKHMYS PLС (London), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release of June 4, 2013: quote The Board of Kazakhmys (the 'Board') notes the 21 day extension to the 'PUSU' announced today by ENRC. The Board welcomes the extension, made in response to a request from the bidding Consortium, which should provide time for discussions to continue and allow the Consortium to put a formal proposal for the Independent Committee and hareholders of ENRC, including Kazakhmys, to consider. In the event that a formal proposal is made, the Board will make its decision in the best interests of all Kazakhmys shareholders and any acceptance of a proposal will be subject to the approval of Kazakhmys' shareholders. Simon Heale, Chairman of Kazakhmys PLC said: "I note the Independent Committee of ENRC has granted additional time to the Consortium. This is a complicated situation, given the current difficulties ENRC is experiencing. Should a proposal be tabled, the Board of Kazakhmys will remain focused on the best interests of all its shareholders having regard to all relevant factors". For further information please contact: Kazakhmys PLC John Smelt Corporate Communications, London tel. +44 20 7901 7882 Maria Babkina Corporate Communications, London tel. +44 20 7901 7849 Irene Burton Financial Analyst, London tel. +44 20 7901 7814 Maksut Zhapabayev Corporate Communications, Almaty tel. +77 27 2440 353 College Hill David Simonson tel. +44 20 7457 2031 Anca Spiridon tel. +44 20 7457 2842 Hill & Knowlton Hong Kong K W Lam tel. +852 2894 6321 unquote [2013-06-04]