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Kazakhmys PLC (KAZ)

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Friday 19 October, 2007

Kazakhmys PLC

EGM Results

Kazakhmys PLC
19 October 2007

Kazakhmys PLC

Kazakhmys PLC announces independent shareholder approval of acquisition of 18.8%
stake in ENRC PLC

Kazakhmys PLC (the "Company") announces that at the Extraordinary General
Meeting ("EGM") held today, 19 October 2007, the proposed acquisition of a
direct 18.8% stake in Eurasian Natural Resources Corporation PLC ("ENRC"), was
passed by the independent shareholders.

The ENRC Group is a large diversified mining and natural resources group with
significant, high quality assets in Kazakhstan. The independent Directors
believe the acquisition fits well with Kazakhmys' long-term strategy of seeking
to acquire interests in existing regional natural resources businesses with
attractive internal and external growth prospects and that its execution will
bring significant benefits to Kazakhmys and its shareholders.

The acquisition is conditional on the receipt of regulatory approval from the
Government of Kazakhstan relating to the indirect change in ownership of subsoil

Results of EGM

Following the passing of the resolution put to shareholders at the EGM today
(the "Resolution"), two copies of the Resolution have been lodged today with the
UK Listing Authority for publication in accordance with the Listing Rules.

Voting on the Resolution was as follows:

                      Votes For                Votes Against         Total Votes
Resolution       Number of    % of Total    Number of    % of Total
                 Votes Cast   Votes Cast    Votes Cast   Votes Cast
To authorise
the acquisition
by the Company
of the entire
issued share     112,849,151     97.9      2,425,002       2.1       115,274,153
capital of
Eurasia B.V.

Save for the votes withheld by certain members of the management of the Company
(as further described below), the total number of votes withheld was 645,637. A
vote withheld does not constitute a vote and is therefore not taken into account
when calculating the proportion of the votes cast 'for' and 'against' a

As set out in the circular to shareholders dated 1 October 2007, by virtue of
his related party status, Mr Vladimir Kim was required to abstain from voting at
the EGM. In addition, each of Messrs Novachuk, Ogay and Ni (and his immediate
family) and their associates voluntarily agreed to abstain from voting at the
EGM thereby (when taken with Mr Kim's holding) reducing the total number of
votes able to be cast at the EGM from 470,033,865 to 205,634,995.

- ends -

For further information please contact:

Kazakhmys PLC
John Smelt, Head of Corporate Communications
Tel: +44 20 7901 7882
Mob: +44 787 964 2675

Sergei Stephantsov, Investor Relations Manager
Tel: +44 20 7901 7814

Zoe Watt
Tel: +44 20 7251 3801

Notes to Editors:

Kazakhmys PLC
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 19 open pit and
underground mines, 8 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 Central Asia. The Group's
strategic aim is to diversify and participate in the development of the
significant natural resource opportunities in Central Asia.

ENRC Group
ENRC is a privately owned natural resources company with fully integrated
mining, processing, energy and transport operations in Kazakhstan. ENRC's
operations, spread throughout Kazakhstan, are principally comprised of
vertically integrated ferroalloy, iron ore and alumina businesses which employ
over 60,000 people and generated estimated revenues of approximately US$3
billion in 2006. ENRC benefits from high operating margins as its operations and
growth profile are underpinned by relatively low costs of production at the
company's major operations and it has access to a captive energy supply and
in-house logistics and transportation operation.

ENRC's operations are comprised of:
   •Kazchrome, whose principal activities include the extraction and sale of
    chrome ore as well as the production and supply of high quality ferroalloys
    to steel-makers worldwide. It is one of the top three ferrochrome producers
    in the CIS, based on volume of chrome (as of 2006) and is ranked in the
    lowest cost quartile amongst global ferrochrome producers. Kazchrome is
    98.30 per cent owned by ENRC;

   •SSGPO, which is a significant CIS iron ore producer with sizable reserves
    estimated to be in the region of 1.5 billion tonnes which would ensure a
    mine life of approximately 40 years. It is a low cost producer which
    produces iron ore pellets and iron ore concentrates. SSGPO is 98.14 per cent
    owned by ENRC;

   •Aluminium of Kazakhstan, which is Kazakhstan's largest producer of
    alumina and a substantial producer globally. Aluminium of Kazakhstan also
    has its own bauxite reserve. Aluminium of Kazakhstan is 96.59 per cent owned
    by ENRC;

   •Kazakhstan Aluminium Smelter, which is due to start production in late
    2007 with an anticipated initial capacity of 60,000 tonnes of aluminium per
    annum which is expected to increase to 250,000 tonnes by 2011. The smelter
    will be 100 per cent owned by ENRC;

   •EEC, which operates an open pit coal mine and is Kazakhstan's largest
    electricity supplier, with a 2,155MW capacity, providing approximately 16
    per cent of the country's current installed capacity. EEC is 99.11 per cent
    owned by ENRC; and

   •Other divisions including ENRC Logistics (100 per cent owned by ENRC, a
    transportation and logistics company); ENRC Marketing (100 per cent owned by
    ENRC, the trading and marketing arm of ENRC) and Zhairemskiy GOK (99.83 per
    cent owned by ENRC, a producer of manganese, ferromanganese and barite).

                      This information is provided by RNS
            The company news service from the London Stock Exchange

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