Kazmunaigaz Exploration Regulatory News (KMG)

27 Oct 2006 18:21

Credit Suisse Securities (Eur) Ltd27 October 2006 Not for distribution, directly or indirectly, in or into the United States orany jurisdiction in which such distribution would be unlawful. End of stabilisation: JSC KazMunaiGas Exploration Production ("KMG EP") In connection with the Offer of 23,086,791 newly issued ordinary shares by KMGEP and for the purposes of covering over-allotments and to permit stabilisation3,463,019 existing shares by JSC National Company KazMunaiGas ("NC KMG"), eachshare representing six GDRs: RegS GDRs: (US48666V2043) 144A GDRs: (US0936882085) Subsequent to the earlier stabilisation notice published on 4th October 2006 inconnection with the above Offer, Credit Suisse Securities (Europe) Limited asstabilisation manager hereby announces the end of the stabilisation period on27th October 2006 and the following stabilisation activity: Date Price in US$ 4/10/06 14.55 - 14.64 11/10/06 14.64 12/10/06 14.64 Pursuant to the exercise of the Reverse Greenshoe option, 873,577 GDRs were soldto the NC KMG. Under the over-allotment structure, contained in a sale and put agreementbetween NC KMG and the underwriters (the ''Sale and Put Agreement''), NC KMGgranted the Underwriters a put option, exerciseable for a period of up to 30days from the commencement of dealings, to require NC KMG to purchase from theUnderwriters, at the offer price, any GDRs which have been purchased in themarket as a result of stabilisation activities. This announcement is for information purposes only and does not constitute aninvitation or offer to underwrite, subscribe for or otherwise acquire or disposeof any securities of the Issuer in any jurisdiction. This announcement and the offer of the securities to which it relates are onlyaddressed to and directed at persons outside the United Kingdom and persons inthe United Kingdom who have professional experience in matters related toinvestments or who are high net worth persons within article 12(5) of theFinancial Services and Markets Act 2000 (Financial Promotion) Order 2005 andmust not be acted on or relied on by other persons in the United Kingdom. This announcement is not an offer of securities for sale into the United States.The securities have not been, and will not be, registered under the UnitedStates Securities Act of 1933 and may not be offered or sold in the UnitedStates absent registration or an exemption from registration. There will be nopublic offer of securities in the United States. Credit Suisse Securities (Europe) Limited contacts: Tom Ahearne / Stephane Gruffat Telephone: + 44 20 7888 3818 This information is provided by RNS The company news service from the London Stock Exchange