/REPETITION/ NATIONAL COMPANY KAZMUNAYGAS ANNOUNCES MEETINGS WITH PROSPECTIVE INVESTORS IN US AND EUROPE UNDER POSSIBLE EUROBOND ISSUE

/KASE, October 29, 14, October 28, 14 news repetition/ – Kazkommerts Securities JSC and SkyBridge Invest JSC, members of Kazakhstan Stock Exchange (KASE) stock market, today provided KASE with the following information message: quote NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE UNLAWFUL. JSC National Company KazMunayGas (Baa3 Positive by Moody's / BBB- Negative by S&P / BBB Stable by Fitch) has mandated Citi, Credit Suisse, Deutsche Bank and UBS as Joint Lead Managers and Joint Bookrunners, and Kazkommerts Securities and SkyBridge Invest as Kazakhstan Lead Managers and Kazakhstan Bookrunners, to arrange a series of fixed-income investor meetings in the US and Europe, which are being conducted since 24 October 2014. A 144A/RegS senior unsecured USD transaction may follow, subject to market conditions. FCA/ICMA stabilisation applies. To get additional information with respect to the forthcoming transaction please contact the following representatives of JSC "Kazkommerts Securities" and JSC "SkyBridge Invest": Oleg Khvan, tel. +7 (727) 244-65-66/05 (ext.58015), fax 8 (727) 244-65-06, e-mail: okhvan@kazks.kz Ainura Jumadilova, tel. +7 (727) 244-65-66/05 (ext.58051), fax 8 (727) 244-65-06, e-mail: ajumadilova@kazks.kz Andrey Lyu, tel. +7 727 311 06 51 (ext. 127), fax 8 (727) 311 06 53, e-mail: lyu@sbinvest.kz Yevgeniya Bozhenko, tel. +7 727 311 06 51 (ext. 110), fax 8 (727) 311 06 53, e-mail: bozhenko@sbinvest.kz The information contained herein is not for release, directly or indirectly, in or into the United States of America, Australia, Canada or Japan. This document (and the information contained herein) does not contain or constitute an offer of securities for sale, or solicitation of an offer to purchase securities, in the United States, Australia, Canada or Japan or any other jurisdiction where such an offer or solicitation would be unlawful. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as a mended ("Securities Act"), and may not be offered or sold in the United States or to "U.S. persons" unless the securities are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available. No public offering of the securities will be made in the United States. This communication is being distributed only to and is directed only at (a) persons outside the United Kingdom, (b) investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order"), (c) high net worth companies, unincorporated associations and other bodies falling within Article 49(2)(a) to (d) of the Order, or (d) other persons to whom it may lawfully be communicated (all such persons in (a) to (d) above together being referred to as "relevant persons"). The securities are available only to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be available only to or will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this communication or any of its contents. A rating is not a recommendation to buy, sell or hold securities and may be subject to revision, suspension or withdrawal at any time by the assigning rating organization. Similar ratings for different types of issuers and on different types of notes do not necessarily mean the same thing. The significance of each rating should be analysed independently from any other rating. unquote [2014-10-29]