/KASE, February 1, 12/ - KazMunaiGas Exploration Production (Astana), shares of which are officially listed on Kazakhstan Stock Exchange (KASE), provided to KASE the following press release of February 1, 2012:

quotation

JSC KazMunaiGas Exploration Production ("the Company" or "KMG EP") announces that pursuant to the Share Buy Back Programme commenced on 11 October, 2011, on 31 January 2012 the Company acquired 26 971 of its global depositary receipts ("GDRs") (LSE:KMG) on the London Stock Exchange at an average price of US$15.96 per GDR and 128 of its ordinary shares (KASE:RDGZ) on the Kazakhstan Stock Exchange at an average price of KZT14 200.00 each.

Since the start of the Share Buy Back Programme, the Company has purchased in aggregate 1 872 765 GDRs and 4 288 ordinary shares.

For further details please contact us at: KMG EP, Public relations (+7 7172 97 7908) Elena Pak 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

ends

[2012-02-01]