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Kazakhstan Kagazy (KAG)

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Tuesday 18 August, 2009

Kazakhstan Kagazy

Result of AGM

Result of AGM

Kazakhstan Kagazy

FOR IMMEDIATE RELEASE August 18, 2009

KAZAKHSTAN KAGAZY ANNOUNCES RESULTS OF ITS AGM

Kazakhstan Kagazy plc (the “Group” or “Kagazy”), Central Asia’s largest producer of paper, corrugated board and packaging, and a leading operator of commercial warehousing and industrial infrastructure facilities in Central Asia, today announced the decisions made at the Annual General Meeting of its shareholders (the “AGM”) on August 17, 2009.

The AGM approved the Annual Report for the year ended 31 December 2008 together with the report of the Auditors and audited financial accounts.

The AGM re-elected Thomas Edward Johnson and Alexander Valitov to the Board of Directors of the Company.

BDO Stoy Hayward LLP was re-appointed as Kazakhstan Kagazy’s auditor for 2009.

***

For further information, please visit www.kazakhstankagazy.com or contact:

Kazakhstan Kagazy
Alessandro ManghiAlessandro Manghi
ChairmanChairman
Tel: +7 727 244 8787Tel: +7 727 244 8787
a.manghi@kagazy.kz

     

Shared Value Limited
Larisa Kogut-MillingsLarisa Kogut-Millings
Investor RelationsInvestor Relations
Tel. +44 20 7321 5010Tel. +44 20 7321 5010
kagazy@sharedvalue.net

Kazakhstan Kagazy plc runs Central Asia’s largest producer of paper, corrugated board and packaging products. It also operates one of the leading developers of commercial warehousing and industrial infrastructure facilities in Kazakhstan through PEAK LLP, which owns approximately 769 hectares of prime land, strategically located in newly created industrial zones in Almaty, Astana and Aktyubinsk. The Group’s assets totalled approximately US$ 690.7 million as at March 31, 2009 and consolidated revenues amounted to approximately US$ 15.1 million for the first quarter of 2009. Kazakhstan Kagazy Plc’s securities are listed under the symbol “KAG” on the London Stock Exchange.

This statement contains certain forward-looking statements with respect to the financial condition, results, operations and businesses of Kazakhstan Kagazy plc. These statements and forecasts involve risk and uncertainty because they relate to events and depend upon circumstances that will occur in the future. There are a number of factors that could cause actual results or developments to differ materially from those expressed or implied by these forward-looking statements and forecasts. Nothing in this statement should be construed as a profit forecast.