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    RDGZ   KZ000A0KEZQ2


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Razvedka Dobycha KazMunayGaz AO : KMG EP Extraordinary General Meeting Results

01/13/2015 | 10:06pm EDT

Astana, 13 January 2015. KazMunaiGas Exploration Production JSC ("KMG EP" or "Company") today announces that following the extraordinary general meeting of its shareholders, the membership of the Board of Directors has changed.

Christopher Hopkinson, the First Deputy Chair of the Management Board of National Company KazMunaiGas ("NC KMG"), has been appointed as member of KMG EP Board of Directors. This follows Daniyar Berlibayev's departure as Chair of the KMG EP Board of Directors and as a member of the Board of Directors.

Abat Nurseitov, KMG EP Chief Executive said:  "During Mr Berlibayev's tenure as Chair of the Board of Directors of KMG EP, the Company increased its production from mature fields and improved the quality of decisions made by its management bodies. We would like to thank Mr Berlibayev for his contribution to the company and would like to wish him much success in the future."

KMG EP's majority shareholder recommended Mr Hopkinson due to his expertise in NC KMG in supervising the implementation of growth strategies for subsidiaries, affiliates and joint ventures in the oil and gas production sector. His expertise includes the implementation of production and resource base growth programmes. He has also recently supervised international cooperation regarding transfer of technology and technical assessments of existing and newly acquired oil and gas projects both in Kazakhstan and abroad.

Note to editors

Christopher Hopkinsonhas been in the oil and gas sector since 1980. Before he joined NC KMG he was the CEO of International Petroleum; General Director at Imperial Energy, and Senior Vice President North Africa at BG Group. He held various jobs at Shell and TNK BP. Mr Hopkinson majored in physics at St Andrews University, in Scotland.

KMG EPis among the top three Kazakh oil and gas producers. The overall production in 2013 was 12.4 million tonnes (an average of 251 kbopd) of crude oil, including the Company's share in Kazgermunai, CCEL and PKI. The Company's total consolidated volume of proved and probable reserves including shares in the associates, as at the end of 2013 was 200 million tonnes (1.5 bn bbl), out of which 148.8 million tonnes (1.1 bn bbl) relates to Ozenmunaigas, Embamunaigas, and UOG (Rozhkovskoye field, Fyodorovskiy block). The Company's shares are listed on the Kazakhstan Stock Exchange and the GDRs are listed on The London Stock Exchange. The Company raised over US$2bn in its IPO in September 2006.

For further details please contact us at:
KMG EP. Investor Relations (+7 7172 97 5433)
Asel Kaliyeva
e-mail:  ir@kmgep.kz

KMG EP. Public Relations (+7 7172 97 79 08)
Elena Pak
e-mail:  pr@kmgep.kz

Brunswick Group (+44 207 404 5959)
Andrew Mitchell
e-mail:  KMGEP@brunswickgroup.com

Forward-looking statements
This document includes statements that are, or may be deemed to be, ''forward-looking statements''. These forward-looking statements can be identified by the use of forward-looking terminology including, but not limited to, the terms ''believes'', ''estimates'', ''anticipates'', ''expects'', ''intends'', ''may'', ''target'', ''will'', or ''should'' or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. These forward-looking statements include all matters that are not historical facts. They include, but are not limited to, statements regarding the Company's intentions, beliefs and statements of current expectations concerning, amongst other things, the Company's results of operations, financial condition, liquidity, prospects, growth, potential acquisitions, strategies and as to the industries in which the Company operates. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances that may or may not occur. Forward-looking statements are not guarantees of future performance and the actual results of the Company's operations, financial condition and liquidity and the development of the country and the industries in which the Company operates may differ materially from those described in, or suggested by, the forward-looking statements contained in this document. The Company does not intend, and does not assume any obligation, to update or revise any forward-looking statements or industry information set out in this document, whether as a result of new information, future events or otherwise. The Company does not make any representation, warranty or prediction that the results anticipated by such forward-looking statements will be achieved.

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