KazMunaiGas Exploration Production announces acquiring 49% stake in Karpovskiy Severniy LLP from MOL Hungarian Oil and Gas Plc.

/KASE, June 16, 2017/ – KazMunaiGas Exploration (Astana), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release of June 16, 2017: quote JSC KazMunaiGas Exploration Production ("KMG EP" or the "Company") announces the acquisition of a 49% share in Karpovskiy Severniy LLP ("KS") from MOL Hungarian Oil and Gas Plc. ("MOL") for 1 (one) US dollar. As a result, KMG EP now owns a 100% interest in KS. All regulatory approvals have also been received. The Company exercised its priority right to purchase a share in KS in accordance with the Shareholder Agreement. KS is a subsoil use right holder under the Contract for Exploration of Oil, Gas and Condensate at Karpovskiy Severniy contract area in the Western Kazakhstan region. The Karpovskiy Severniy block is located approximately 40 km northwest of Uralsk, in the vicinity of Fedorovskiy block and other existing discoveries. For further details please contact us at: KMG EP. Investor Relations (+7 7172 97 5433) Saken Shoshanov e-mail: ir@kmgep.kz KMG EP. Public Relations (+7 7172 97 7887) Bakdaulet Tolegen e-mail: pr@kmgep.kz Bell Pottinger (+44 203 772 2500) Henry Lerwill e-mail: KMGEP@bellpottinger.com unquote [2017-06-16]