Response to press reports

RNS Number : 0936W

KazakhGold Group Ltd

12 November 2010

 



For immediate release

12 November 2010

RESPONSE TO PRESS REPORTS

KazakhGold Group Limited ("KazakhGold" or the "Company") notes reports appearing in the press and confirms that it is in discussions with the Assaubayev family and other parties regarding possible alternatives for the settlement of all claims and actions between KazakhGold and the Assaubayev family, which may involve a sale by KazakhGold of interests in its operating companies.  No agreement has been reached with any party and there can be no assurance that any such agreement will be entered into or a transaction will be completed.  Any such transaction, if agreed, would be subject to extensive conditions, including the receipt of governmental approvals.

KazakhGold will issue a further announcement in due course.

Enquiries:

KazakhGold
Alexey V. Chernushkin, Director, Capital Markets and IR       [phone]

 

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