Holdings in Company

KazakhGold Group Ltd
20 March 2007



March 20 2007


                              Holdings in Company

KazakhGold Group Limited (the 'Company') has received notification from
Charlemagne Capital (IOM) Limited that it has increased its holding in the
Company to 2,100,519 Global Depositary Receipts ('GDRs'), representing 4.46% of
the total issued share capital of the Company.




Further Information:

Aidar Assaubayev                             Ron Marshman/John Greenhalgh
Deputy Chief Executive                       City of London PR Limited
KazakhGold Group Limited                     Tel:  [phone]
Tel: [phone]



                          Website: www.kazakhgold.com










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