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Kazakhstan Kagazy (KAG)

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Friday 04 September, 2009

Kazakhstan Kagazy

Kazakhstan Kagazy plc Notifies of Major Shareho...

Kazakhstan Kagazy plc Notifies of Major Shareholder Transaction

Kazakhstan Kagazy


Almaty, Kazakhstan – September 4, 2009 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 that it has received a notification, dated September 2, 2009, indicating that Theta Investment Holdings Limited (“THIL”) acquired 25,000,000 ordinary shares of Kazakhstan Kagazy plc, representing 23.9% of the Group’s total ordinary share capital, from Baglan Zhunus, one of the founding shareholders of Kagazy. Mr Zhunus’ total interest in the Group now amounts to 4,895,421 shares which is equivalent to 4.7% of Kagazy’s ordinary share capital.

THIL focuses on managing private equity and fixed income funds, as well as other investments in Russia and the CIS countries. THIL has a long term investment philosophy aimed at working in partnership with management and investing for future competitiveness and growth.

The Board of Directors of Kazakhstan Kagazy welcomes THIL as a new significant shareholder of the Group. The Board understands that THIL is looking forward to working together with the current management of the Group in further developing Kagazy into Central Asia’s leading paper manufacturer and logistics group.


For further information, please visit or contact:

Kazakhstan Kagazy                                   Shared Value Limited
Alessandro Manghi Larisa Kogut-Millings
Chairman Investor Relations
Tel: +7 727 244 8787 Tel. +44 20 7321 5010


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$ 684.8 million as at June 30, 2009 and consolidated revenues amounted to approximately US$ 30.3 million for the first half 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.