Admission to Official List

KazakhGold Group Ltd
01 December 2005



1 December 2005

THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE
UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR TO A RESIDENT, NATIONAL OR CITIZEN
               OF THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN.


  This document is not a prospectus but an advertisement. Investors should not
   subscribe for any transferable securities referred to in this announcement
             except on the basis of information in the prospectus.


                            KAZAKHGOLD GROUP LIMITED


  ADMISSION TO OFFICIAL LIST AND COMMENCEMENT OF UNCONDITIONAL DEALINGS ON THE
                             LONDON STOCK EXCHANGE


KazakhGold Group Limited ('KazakhGold' or the 'Company'), the indirect parent
company of JSC Kazakhaltyn Mining-Metallurgical Concern ('Kazakhaltyn'), which
is one of the leading gold producers in Kazakhstan, today announced that its
Global Depositary Receipts ('GDRs') will be admitted to the Official List of the
Financial Services Authority and to trading on the London Stock Exchange plc's
regulated market for listed securities.


ING Bank N.V., London Branch  acted as the financial adviser to KazakhGold and
as Lead Manager in relation to the Global Offer of the GDRs.  Troika Dialog
(Bermuda) Ltd. acted as Co-Lead Manager


It is expected that admission of the GDRs to the Official List of the Financial
Services Authority and to trading on the London Stock Exchange plc's regulated
market for listed securities will become effective and unconditional dealings
will commence at 8.00 a.m. (London time) today under the symbol 'KZG'.


Kanat Shaikhanovich Assaubayev, President of KazakhGold, said:

'Today marks the beginning of a new phase in the life of KazakhGold.  We now
have the funding to complete the modernisation and expansion of our production
capacity and to begin significant growth in our gold production.  I look forward
to reporting back to shareholders on our progress.'



For further information:


ING (0207 7767 1000)

Mark Martin, Managing Director

Julia Bereschenko, Vice President


Citigate Dewe Rogerson (020 7638 9571)

UK Media: Martin Jackson/George Cazenove

International Media: David Westover

Financial Analysts: Nina Soon



The contents of this announcement, which have been prepared by and are the sole
responsibility of KazakhGold have been approved solely for the purposes of
Section 21 (2) (b) of the Financial Services and Markets Act 2000 by ING Bank
N.V., London Branch of 60 London Wall, London EC2M 5TQ.  ING Bank N.V., London
Branch, or its nominated affiliates, is acting exclusively for KazakhGold and no
one else in connection with the proposed listing and offering of ordinary shares
of KazakhGold in the form of global depositary receipts ('GDRs' and the 'Global
Offer', respectively) and will not be responsible to anyone other than
KazakhGold for providing the protections afforded to clients of ING Bank N.V.,
London Branch, nor for providing advice in relation to the Global Offer, the
contents of this announcement or any matters referred to herein.



This announcement does not constitute or form part of any offer of securities or
constitute an invitation or solicitation of any offer to purchase or subscribe
for any securities of KazakhGold and any acquisition of or application for GDRs
in the Global Offer should be made solely on the basis of the information
contained in the prospectus.  The prospectus contains certain detailed
information about KazakhGold and its management, as well as financial statements
and other financial data.



This announcement is not for release, publication or distribution in or into
Australia, Canada, Japan or the United States or any jurisdiction where such
announcement would be unlawful.



This announcement does not constitute an offer of securities for sale in any
jurisdiction, including the United States. The securities referred to herein
have not been and will not be registered under the US Securities Act of 1933
(the 'Securities Act'), and may not be offered or sold in the United States
unless they are registered under the Securities Act or pursuant to an available
exemption therefrom. No public offering of securities of KazakhGold is being
made in the United States.



The distribution of the documents or other information contained herein and the
Global Offer may be restricted by law in certain jurisdictions. No action has
been taken by KazakhGold or ING Bank N.V., London Branch that would permit an
offer of any of the GDRs or possession or distribution of any of the documents
or other information contained herein or any other Global Offer or publicity
material relating to the GDRs in any jurisdiction where action for that purpose
is required, other than to certain investors in the United Kingdom. Persons into
whose possession any of the documents or other information contained herein
comes are required by KazakhGold to inform themselves about and to observe any
such restrictions.



Documents or other information contained herein may include 'forward-looking
statements'. All statements other than statements of historical facts included
in any of the documents or other information contained herein, including,
without limitation, those regarding KazakhGold's financial position, business
strategy, plans and objectives of management for future operations (including
development plans and objectives relating to KazakhGold's products and services)
are forward-looking statements.



Such forward-looking statements involve known and unknown risks, uncertainties
and other important factors that could cause the actual results, performance or
achievements of KazakhGold to be materially different from future results,
performance or achievements expressed or implied by such forward-looking
statements.



Such forward-looking statements are based on numerous assumptions regarding
KazakhGold's present and future business strategies and the environment in which
KazakhGold will operate in the future. These forward-looking statements speak
only as at the date of the document or other information concerned. KazakhGold
expressly disclaims any obligations or undertaking to disseminate any updates or
revisions to any forward-looking statements contained herein to reflect any
changes in KazakhGold's expectations with regard thereto or any change in
events, conditions or circumstances on which any such statement is based.



Information in any of the documents or other information contained herein cannot
be relied upon as a guide to future performance. The price and value of
securities can go down as well as up. Persons needing advice should contact a
professional adviser.



Copies of the prospectus are available from ING Bank N.V., London Branch at 60
London Wall, London EC2M 5TQ, England.



In connection with the Global Offer, ING Bank N.V., London Branch as stabilising
manager (the 'Stabilising Manager') may effect transactions with a view to
supporting the market price of the GDRs at a level higher than that which might
otherwise prevail. Such transactions may commence on or after the publication of
the Offer Price and will end no later than 30 days thereafter.  However, there
is no obligation on the Stabilising Manager to do this. Such transactions may be
effected on the London Stock Exchange, the over the counter market or otherwise.
There is no assurance that such transactions will be undertaken and, if
commenced, they may be discontinued at any time. Save as required by law, the
Stabilising Manager does not intend to disclose the extent of any
over-allotments and/or stabilisation transactions under the Global Offer.



Notes to Editors



- KazakhGold's B and C1 reserves and C2 and P1 resources, under the
former Soviet system of classification of geological reserves and resources (the
'FSU Classification') from its principal mines, are estimated at 13 million
ounces and 33 million ounces of gold, respectively


- KazakhGold is completing a period of investment in the modernisation
and expansion of processing capacity which is expected to result in a
significant increase in gold production in 2006 and thereafter


- Lord Daresbury, chairman of De Vere Group Plc and non-executive
director of Evraz Group S.A. has joined the Board as non-executive Chairman.  A
further three new non-executive directors have also been appointed - Stephen
Oke, David Netherway and Toktarkhan Kozhagapanov, who together bring a extensive
portfolio of emerging market mining expertise


-  Key strengths include low extraction and processing costs in respect
of its open pits, waste dumps and tailings, a developed infrastructure network
in close proximity to its major assets, an experienced management team with a
proven track record and being the natural consolidator of gold mining assets in
Kazakhstan


-  The Group's strategy is to increase gold production significantly,
lower its operating costs per ounce and create one of Central Asia's leading
gold mining companies


-  The proceeds of the Global Offer received by the Company will be
used to reduce the Group's borrowings and for continued investment in upgrading
and expanding the Group's mining and processing facilities


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