National company KazMunayGas announces results of voting on EGM of KazMunaiGas Exploration Production shareholders

/KASE, August 3, 2016/ – National company KazMunayGas (Astana), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release: quote JSC National Company KazMunayGas ("NC KMG") has issued the following statement following the result of the vote on the proposals contained in the Revised Circular (the "Circular") published by NC KMG on 14 July at the general meeting of shareholders ("EGM") of JSC KazMunaiGas Exploration Production ("KMG EP" or "the Company") in Astana, Kazakhstan earlier today: "We are disappointed that although our proposals to improve the performance of KMG EP did have significant support among minority shareholders, our proposals were ultimately not carried at the EGM today." As the Approval Condition (as defined in the Circular) was not satisfied, the Purchase Offer (as defined in the Circular) will not be made. unquote [2016-08-03]