Kazmunaigaz Exploration Regulatory News (KMG)

9 Oct 2006 09:22

JSC KazMunaiGas Exploration Prod09 October 2006 ** NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN** PRESS - RELEASE JSC KazMunaiGas Exploration Production has satisfied in full the demand of Kazakh pension funds at the Company's IPO. JSC KazMunaiGas Exploration Production (the "Company") has raised over 2.03billion US dollars as a result of its Global Offer of shares and GDRs. The IPOStructure was as follows: Over 17.9 million of shares have been placed on the Kazakhstan Stock Exchange ("KASE"), the securities market of Kazakhstan, including: • Approximately 9.2 million shares have been placed with the investors previously holding the bonds of a financing subsidiary of the Company. • 15 Kazakh pension funds and pension asset management companies have been satisfied in full and received approximately 7.4 million shares. • The remainder of approximately 1.3 million shares has been placed on a pro rata basis among other investors. Over 51.9 million GDRs representing approximately 8.7 million common shares inthe Company have been placed on the London Stock Exchange, includingapproximately 3.5 million existing shares placed by the underwriters in relationto the greenshoe granted by JSC NC KazMunaiGas, for which the underwriters holdan option to put the shares back to JSC NC KazMunaiGas. Askar Balshanov, Director General of JSC KazMunaiGas Exploration Production,noted: "Our team is satisfied with the offer structure which includes theoffering on both KASE and LSE as well as with the interest shown by investorswith respect to the shares of our company. I would especially like to note thefact that domestically we have fully satisfied all the orders of the Kazakhpension funds and pension asset management companies ". For further details please contact us at: KMG EP, Public Relations (+7 317 2 977 908, +7 3172 977 924)Lyazzat KokkozovaE-mail: pr@kmgep.kz KMG EP, Investor Relations (+7 3172 975433)Alexander GladyshevE-mail: ir@kmgep.kz Citigate Dewe Rogerson (+44 20 7638 9571)Martin JacksonDavid Westover Neither this press release nor any copy of it may be taken or transmitted intothe United States, Australia, Canada or Japan. This press release does notconstitute or form part of any offer or invitation to sell, or any solicitationof any offer to purchase nor shall it (or any part of it) or the fact of itsdistribution, form the basis of, or be relied on in connection with, anycontract therefore. The offer and the distribution of this press release andother information in connection with the listing and offer in certainjurisdictions may be restricted by law and persons into whose possession anydocument or other information referred to herein comes should inform themselvesabout and observe any such restriction. Any failure to comply with theserestrictions may constitute a violation of the securities laws of any suchjurisdiction. This communication is only directed at (i) persons who are outside the UnitedKingdom or (ii) to investment professionals falling within Article 19(5) of theFinancial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii) high net worth entities, and other persons to whom it maylawfully be communicated, falling within Article 49(2)(a) to (d) of the Order(all such persons together being referred to as "relevant persons"). The GDRswill only be made available to, and any invitation, offer or agreement tosubscribe, purchase or otherwise acquire such securities will be engaged in onlywith, relevant persons. Any person who is not a relevant person should not actor rely on this communication or any of its contents. Stabilisation/FSA This document is an advertisement for the purposes of the applicable measuresimplementing the Prospectus Directive and does not constitute or form part ofany offer or invitation to sell or issue or any solicitation of any offer topurchase or subscribe for any securities. A prospectus prepared pursuant to theProspectus Directive is intended to be published, which, if published, can beobtained from the registered office of the Company and any purchase orapplication for securities should only be made on the basis of the informationcontained in such prospectus. These materials are not an offer for sale of any securities of the Company inthe United States. Any securities of the Company may not be offered or sold inthe United States absent registration or an exemption from registration underthe U.S. Securities Act of 1933, as amended. The Company has not registered anddoes not intend to register any portion of the offering in the United States orto conduct a public offering of any securities in the United States. Information contained in this press release does not constitute a public offeror an advertisement of the GDRs in Kazakhstan, is not an offer, or an invitationto make offers, to purchase GDRs in Kazakhstan, and must not be passed on tothird parties or otherwise be made publicly available in Kazakhstan. The GDRshave not been and will not be registered in Kazakhstan and are not intended for"placement" or "public circulation" in Kazakhstan. ABN AMRO Rothschild (the unincorporated equity capital markets joint venturebetween ABN AMRO Bank N.V and NM Rothschild & Sons Limited) and Credit SuisseSecurities (Europe) Limited, each of which are regulated in the United Kingdomby the Financial Services Authority, are acting exclusively for the Company andno-one else in connection with the Offering and will not be responsible to anyother person for providing the protections afforded to their respective clientsor for providing advice in relation to the Offering. This information is provided by RNS The company news service from the London Stock Exchange