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Kazakhmys PLC (KAZ)

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Friday 15 February, 2008

Kazakhmys PLC

COMPLETION OF SHARE BUY-BACK

Kazakhmys PLC
15 February 2008



15 February 2008


         KAZAKHMYS PLC ANNOUNCES COMPLETION OF SHARE BUY-BACK PROGRAMME


Kazakhmys PLC (the "Company") announces that it has completed its share buy-back
programme of up to US$400 million, which commenced on 24 October 2007.


The total number of ordinary shares purchased and cancelled was 15,079,577. At
an average price of £12.73 per share, this equates to a total cost of
£192,298,972 (US$390,137,520) including expenses. The average closing price and
the value weighted average price over the same period was £13.21 per share and
£13.08 per share respectively.


The issued capital of the Company, after the buy-back programme, is 454,954,288
ordinary shares.


For further information please contact:



--------------------------------------------           -------------------
John Smelt, Head of Corporate Communications           Tel: +44 20 7901 7882
                                                       Tel: +44 787 964 2675
Olga Nekrassova, Financial Analyst                     Tel: +44 20 7901 7814
--------------------------------------------           -------------------
Kazakhmys PLC
--------------------------------------------           -------------------
David Simonson                                         Tel: +44 20 7653 6620
Tom Randell                                            Tel: +44 20 7653 6620
Anastasia Ivanova (Russian language)                   Tel: +44 20 7653 6620
Leonid Fink  (Russian language)                        Tel: +44 20 7653 6620
--------------------------------------------           -------------------
Merlin
--------------------------------------------           -------------------


- ends -


Notes to Editors

Kazakhmys PLC is the largest copper producer in Kazakhstan and one of the
leading copper producers in the world.  Kazakhmys is a fully integrated copper
producer from mining ore through to the production of finished copper cathode
and rod.  The Group produces significant volumes of other metals as by-products,
including zinc, silver and gold.  Existing operations include 20 open pit and
underground mines, 9 concentrators, two copper smelting and refining complexes,
a copper rod plant, a zinc plant and a precious metals refinery.  Production is
backed by a captive power supply and significant rail infrastructure.  Kazakhmys
also owns MKM, a copper products fabrication company in Germany, and has Gold
and Petroleum Divisions with assets in Kazakhstan and other parts of Central
Asia. The Group's strategic aim is to diversify and participate in the
development of the significant natural resource opportunities in Central Asia.


Value weighted average price is calculated by dividing the total value of trades
by the volume.







                      This information is provided by RNS
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