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Kazakhmys PLC (KAZ)

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Tuesday 03 April, 2007

Kazakhmys PLC

Major Interests In Shares

Kazakhmys PLC
03 April 2007


TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES


1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached:

Kazakhmys plc


2. Reason for the notification (place an X inside the appropriate bracket/s)

An acquisition or disposal of voting rights: ( X )


An acquisition or disposal of financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached: ( )


An event changing the breakdown of voting rights: ( )


Other (please specify) : ( )

.................


3. Full name of person(s) subject to the notification obligation:

Oleg Novachuk


4. Full name of shareholder(s) (if different from 3.) :

.................


5. Date of the transaction (and date on which the threshold is crossed or
reached if different):

2 April 2007


6. Date on which issuer notified:

3 April 2007


7. Threshold(s) that is/are crossed or reached:

10% to 8%


8. Notified details:

.................


A: Voting rights attached to shares

Class/type of shares if possible         Situation previous to the
using the ISIN CODE                       Triggering transaction
                                     Number of     Number of voting
                                     shares        Rights

                                     50,817,545    50,817,545

Resulting situation after the triggering transaction

Class/type of shares Number of shares  Number of voting rights    % of voting rights
if possible using
the ISIN CODE
                     Direct            Direct     Indirect        Direct    Indirect
Ordinary shares od   34,923,423        34,923,423 -               7.5%      -
20p


GB00B0HZP V38


B: Financial Instruments

Resulting situation after the triggering transaction

Type of     Expiration Date  Exercise/Conversion Number of voting     % of voting
financial                    Period/ Date        rights that may be   rights
instrument                                       acquired if the
                                                 instrument is
                                                 exercised/
                                                 converted.
-           -                -                   -                    -


Total (A+B)
Number of voting       % of voting
rights                 rights
34,923,423             7.5%


9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:


KINTON TRADE LIMITED: 10,433,045 SHARES (OLEG NOVACHUK OWNS 50% OF KINTON TRADE
LIMITED - A HOLDING OF 5,216,522)


HARPER FINANCE LIMITED: 29,706,901 SHARES (OLEG NOVACHUK OWNS 100% OF HARPER
FINANCE LIMITED)

Proxy Voting:


10. Name of the proxy holder:

.................


11. Number of voting rights proxy holder will cease to hold:

.................


12. Date on which proxy holder will cease to hold voting rights:

.................


13. Additional information:


11,686,855 SHARES TRANSFERRED TO MR RUSLAN YUN


4,207,267 SHARES TRANSFERRED TO MRS GAFURA IBRAYEVA


BOTH TRANSACTIONS PERFORMED TO SETTLE AMOUNTS OWED TO MR YUN AND MRS IBRAYEVA
FOR THE ACQUISITION OF SHARES FROM THEM WHICH TOOK PLACE IN THE FIRST HALF OF
2005.


14. Contact name:

ROBERT WELCH, COMPANY SECRETARY


15. Contact telephone number:

020 7901 7831




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