/KASE, December 23, 11/ - JSC "KazMunaiGas Exploration Production" Astana), whose securities are officially listed at Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release of December 22, 2011:

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JSC "KMG EP" ("KMG EP" or the "Company") has announced that as of 22 December 2011 the Chairman of the Management Board (CEO) Askar Balzhanov has resigned from his position. Alik Aidarbayev, the current Chairman of the Board of directors has been appointed the Chairman of the Management Board (CEO). Mr Sisengali Utegaliyev will act as Chairman of the Board of directors until the election of a new chairman.

Notes

Alik Aidarbayev was elected Chairman of the Board of Directors of KMG EP at a regular meeting of the Board of Directors on 6 May 2011. Mr Aidarbayev graduated from Kazakh Polytechnic Institute named after V.Lenin, has been working in oil and gas industry since 1985 and passed through all stages of professional development in the sphere of oil and gas production. He was a senior geologist, worked as a technologist and oil and gas production foreman at "Zhetybayneft" field office, the division of "Mangyshlakneft". Over the years, he held senior positions in the production association "Yuzhkazneftegaz"; served as General Director of JSC "Turgai-Petroleum" and JSC "Mangistaumunaigaz". Since April 2011 - Managing Director on Exploration and Production of National Company KazMunayGas.

For further details please contact us at: KMG EP. Public Relations (+7 7172 97 7600) Daulet Zhumadil E-mail: pr@kmgep.kz

KMG EP. Investor Relations (+7 7172 97 5433) Asel Kaliyeva E-mail: ir@kmgep.kz

Pelham Bell Pottinger (+44 207 861 3147) Elena Dobson E-mail: edobson@pelhambellpottinger.co.uk

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[2011-12-23]