Ozenmunaigas: Administrative fine of 212.6 billion Tenge dismissed by court

Further to the press release dated 27 February 2014, reconfirming the successful appeal of an administrative fine of 212.6 billion Tenge against JSC Ozenmunaigas (“OMG”), JSC KazMunaiGas Exploration Production (“the Company”) is today pleased to announce that the Specialized Administrative Court in Aktau of Mangistau region (“the Court”) has ruled that the case has been dismissed and there is no avenue for appeal, but there remains the remote possibility that the Court’s ruling can be revisited by the prosecutor’s office.

As previously reported, OMG continues with its legal action to appeal the claim for environmental damage of 327.9 billion Tenge in relation to the disposal of contaminated soil. The disposal of contaminated soil resulted from past activities on the site and did not occur due to activity by either OMG or KMG EP. Currently the Company believes that OMG will successfully appeal this allegation.