Transaction in Own Shares

KMG EP Share Buy Back Programme.

Announcement on the results of the trading

Astana, 9 July 2012. JSC KazMunaiGas Exploration Production ("the Company" or "KMG EP") announces that pursuant to the Share Buy Back Programme commenced on 11 October, 2011, on 5 and 6 July 2012 the Company acquired 52 463 and 29 978 of its global depositary receipts ("GDRs")  (LSE:KMG) on the London Stock Exchange at an average price of US$17.74 and US$17.98 per GDR, respectively. On 5 July 2012 the Company also acquired 117 of its ordinary shares (KASE:RDGZ) on the Kazakhstan Stock Exchange at an average price of KZT15 600.00 each.

Since the start of the Share Buy Back Programme, the Company has purchased in aggregate 8 167 637 GDRs and 16 630 ordinary shares.

For further details please contact us at:

«KMG EP». Public Relations (+7 7172 97 7887)

Bakdaulet Tolegen

E-mail: pr@kmgep.kz

«KMG EP». Investor Relations (+7 7172 97 5433)

Asel Kaliyeva

E-mail: ir@kmgep.kz

Pelham Bell Pottinger (+44 207 861 3147)

Elena Dobson

е-mail:edobson@pelhambellpottinger.co.uk