KMG EP: Elects New Board

JSC KazMunaiGas Exploration Production (“KMG EP” or the “Company”) held an extraordinary general meeting of its shareholders (“EGM”), where the new Board was elected for a term to May 25th, 2017 inclusive. The EGM appointed Mr Gustave Louis Eugene van Meerbeke, representative from the National Company KazMunayGas (“NC KMG”) to the Board, replacing Mr Yerzhan Zhangaulov.

During the extraordinary meeting of the Board of Directors, held on the same day, Mr Christopher Hopkinson, the First Deputy Chairman of the Management Board of NC KMG, was re-appointed as the chairman of the Board of Directors of KMG EP.

The members of the KMG EP Board of Directors as at 13 April 2016:

· Christopher Hopkinson – representative from NC KMG; First Deputy Chairman of the Management Board of NC KMG – Chairman of the Board of Directors of KMG EP;

· Igor Goncharov – representative from NC KMG; Managing Director for Operational Production Assets – Chief Engineer at NC KMG;

· Asiya Syrgabekova – representative from NC KMG; Managing Director for Investment & Risk Management at NC KMG;

· Gustave Louis Eugene van Meerbeke – representative from NC KMG; independent consultant, oil and gas;

· Kurmangazy Iskaziyev – Chief Executive Officer (Chairman of the Management Board of KMG EP);

· Philip Dayer – Independent Non-Executive Director;

· Edward Walshe – Independent Non-Executive Director;

· Alastair Ferguson – Independent Non-Executive Director.

At the same meeting Board of Directors elected committee members under the Board.

The members of the Audit Committee under the KMG EP Board of Directors:

Philip Dayer – Chairman of the Committee

Alastair Ferguson – Member of the Committee

Edward Walshe – Member of the Committee

The members of the Nominations Committee under the KMG EP Board of Directors:

Edward Walshe – Chairman of the Committee

Christopher Hopkinson – Member of the Committee

Philip Dayer – Member of the Committee

The members of the Remuneration Committee under the KMG EP Board of Directors:

Alastair Ferguson – Chairman of the Committee

Philip Dayer – Member of the Committee

Edward Walshe – Member of the Committee

The members of the Strategic Planning Committee under the KMG EP Board of Directors:

Edward Walshe – Chairman of the Committee

Igor Goncharov – Member of the Committee

Kurmangazy Iskaziyev – Member of the Committee

Alastair Ferguson – Member of the Committee

Philip Dayer – Member of the Committee