/KASE, March 12, 12/ - JSC "National Atomic Company "Kazatomprom" (Astana), whose bonds are officially listed at Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release of March 7, 2012:

quote

JSC National Atomic Company Kazatomprom ("Kazatomprom"), the join-stock company established in the Republic of Kazakhstan, today announces results of requesting consent ("Requesting Consent") from holders of bonds ("Bondholders") worth $500,000,000 with the coupon rate of 6.25% and maturing in 2015 (Bonds Rules S: ISIN XS0510820011/General code 051082001; Bonds Rules 144A: ISIN US63253RAA05/CUSIP 63253RAA0/General code 051127641;
KASE trading code KZAPe1) ("Bonds").

Under the Requesting Consent, Kazatomprom has suggested to Bondholders to approve the proposed waiver of certain provisions of the Bonds' terms and the Trust management agreement ("Suggestion"). Terms used in this announcement with a capital letter and not defined otherwise therein have meanings assigned to them in the Memorandum of Requesting Consent dated February 13, 2012 issued by Kazatomprom ("Memorandum of Requesting Consent").

The Suggestion was considered and duly adopted at a meeting of Bondholders conducted on March 7, 2012 at the office of Dewey&LeBoeuf LLP, 1 Minster Court, Mincing Lane, London EC3R 7YL. Respectively, waivers mentioned in decisions of the special meeting will be executed upon becoming effective and from March 7, 2012.

On March 9, 2012 the Issuer will pay to each Bondholder from whom the voices counting Agent received an authentic Instruction on Electronic Voting or DTC Instruction with consent to the Suggestion, Interest for the Earlier Consent, provided Instruction on Electronic Voting or DTC Instruction was received before 15.00 o'clock (London time) on February 24, 2012; or Interest for consent provided such Instruction on Electronic Voting or DTC Instruction was received before 15.00 o'clock on March 5, 2012.

Any queries should be directed to the Bank "The Bank of New York Mellon", London branch ("Voices Counting Agent") by phone +44 20 7964 4958 or e- mail: debtrestructuring@bnymellon.com

THIS ANNOUNCEMENT SHOULD BE CONSIDERED JOINTLY WITH MEMORANDUM OF REQUESTING CONSENT

On the territory of the United Kingdom, this announcement is addresses exclusively to persons who have professional experience in issues concerning investments and who fall under the definition of "professional investors" in article 19 (5) of the Act on Financial Services and Markets of the year 2000 (Financial assistance) Order of 2005 ("relevant persons"). Investments or investment activities to which this announcement relates, regards only relevant persons, and persons who received this communication but who have no relation hereto, should not take any actions.

Distribution of this announcement in a certain jurisdiction may be prohibited by law. Persons at whose disposal this announcement arrived should themselves report on such prohibitions.

unquote

[2012-03-12]