On March 10, KazMunaiGas Exploration Production bought back on KASE 92,771 preferred shares KZ1P51460114 (RDGZp) at KZT21,180.06 per share

/KASE, March 10, 10/ - Kazakhstan Stock Exchange (KASE) informs that on
March 10, 2010, in the KASE trading system were held second spefcialized
trades on buying preferred shares KZ1P51460114 (KASE official list third
category, RDGZp) of KazMunaiGas Exploration Production (Astana).

VISOR CAPITAL (Almaty) acted as the authorized buyer at specialized trades.

The total number of authorized offered preferred shares of KazMunaiGas
Exploration Production at present is 4,136,107 units. The buyer intends to buy
up to 100 % from the mentioned number of securities.

12 KASE members participated in trades, who submitted 35 orders, out of which
at the orders submission closing remained 30 sales orders for 92,771 preferred
shares. The bid at trades made up 2.2 % from the announced to buying volume.
Prices in orders submitted varied from KZT16,000.00 to KZT21,061.52 per
share.

In the total volume of active orders the brokerage dealer companies constituted -
5.4 %, their clients - 94.6 %.

By trades results the buyer confirmed the intent to satisfy all active orders in
the full volume at KZT21,180.06 per share. In case of successful settlements the
buying amount will make up KZT1,964,895,346.26 (USD13,340,317.38 at the
current exchange rate).

We remind that settlements at specialized trades on deals concluded must be
made on March 15, 2010 (Т+3).

By trades results on March 9 and 10 the total number of preferred shares, the
buying of which must be documented by the buyer, made up 215,504 units.

The mentioned trades are the part of KazMunaiGas Exploration Production
preferred shares buy back program.

At first trades, held on March 9, 2010, the buyer confirmed the intent to satisfy
46 sales order for 122,733 preferred shares at KZT21,060.52 per share. Settlements
on deals concluded must be made on March 12, 2010 (Т+3).

As previously informed, KazMunaiGas Exploration Production approved its
preferred shares buy back program, planned for implementation through
subsequent separate series of thirty day specialized trades on KASE in
compliance with the Exchange rules in force. The program completion is planned
till December 31, 2011. the press release full text is available on KASE website
at http://www.kase.kz/news/show/1097005

Details on mentioned shares issue are available on KASE website at
http://www.kase.kz/ru/shares/show/RDGZp

[2010-03-10]