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Kazakhmys PLC (KAZ)

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Friday 23 December, 2005

Kazakhmys PLC

Subsidiary Dividend

Kazakhmys PLC
23 December 2005



                                                                23 December 2005

Kazakhmys PLC - Subsidiary Dividend

Kazakhmys PLC announces that at the recent annual general meeting of its c. 98.7
per cent subsidiary Kazakhmys Corporation LLC, a gross dividend of Kazakhmys
Corporation LLC in respect of the financial year ending 31 December 2005 of
approximately US$175 million (at the current exchange rate) was approved and
will be paid in due course.

In accordance with the Company's stated dividend policy, the Board of Directors
of Kazakhmys PLC will declare a full year dividend in respect of the financial
year ending 31 December 2005 during the first half of 2006. An announcement to
that effect will be made at that time. Dividends declared by Kazakhmys
Corporation LLC neither represent nor predetermine the level of dividends to be
declared by Kazakhmys PLC

For further information please contact:

Jinsoo Yang, Head of IR                         Tel:   +44 20 8636 7900
Sergei Stephantsov, Deputy Head of IR
Kazakhmys PLC

Morgan Bone                                     Tel:   +44 20 7251 3801
Robin Walker
Finsbury


Notes to Editor

The Group's principal business is the mining, processing, smelting, refining and
sale of copper and copper products, including copper cathode and copper rod, and
is carried on by the Company's main subsidiary Kazakhmys Corporation LLC
("Kazakhmys"). Based on 2004 production, the Group is the 10th largest producer
of copper cathode and mined copper in the world. The Group's operations are
vertically integrated. Kazakhmys operates 16 open pit and underground mines and
two smelting and refining complexes in the Republic of Kazakhstan. Kazakhmys
also owns significant rail infrastructure in Kazakhstan and MKM, a copper
products fabrication company in Germany.




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