SGM Resolutions Passed

RNS Number : 2986U

Zhaikmunai LP

29 November 2013

 

Special General Meeting (SGM)

Proposed Resolutions Passed

Amsterdam, 29 November 2013- Zhaikmunai L.P. (LSE: ZKM) ("Zhaikmunai" or the "Partnership"), the oil and gas exploration and production enterprise with assets in north-western Kazakhstan, is pleased to announce that on Friday, 29 November 2013, the limited partners of Zhaikmunai duly passed all proposed resolutions at the Special General Meeting ("SGM") of limited partners.

Zhaikmunai to Change Its Name to "Nostrum Oil & Gas LP"

The resolutions passed by Zhaikmunai's limited partners at the SGM included a resolution approving a change in the Partnership's name to "Nostrum Oil & Gas LP".  One of the main objectives for this change in the Partnership's name is to signal to the markets and to the public in general the transformation of the Partnership from a single asset to a multiple asset enterprise.  The new name better reflects the Partnership's current profile and future ambitions, as it expands it portfolio of assets and pursues its development strategy.

The name of Zhaikmunai LLP, the Partnership's principal operating subsidiary in Kazakhstan, will not change. Similarly, the Partnership intends to hold any other operating companies, which it may acquire in future under their respective names.

Name Change to be Completed in Early December 2013

Nostrum Oil & Gas LP will operate under its new ticker - NOG - on the London International Exchange (London Stock Exchange).

The Partnership's corporate headquarters will remain unchanged:

Nostrum Oil & Gas LP

Gustav Mahlerplein 23 B

1082 MS Amsterdam

The Netherlands

T: + 31 20 737 2288

F: + 31 20 737 2292

VAT number: NL85 24 53 048 B01

Registration number: KvK 57137668

The website of Nostrum Oil & Gas will be: www.nostrumoilandgas.com

The Partnership's name change is expected to be completed on or around 5 December 2013.

Further information

For further information please visit www.zhaikmunai.com

Further enquiries

Zhaikmunai LP - Investor Relations

Bruno G. Meere

Kirsty Hamilton-Smith

[e-mail]                                                             + 31 20 737 2288

College Hill - UK                                                                                  + 44 (0) 207 457 2020

David Simonson

Tony Friend

Catherine Wickman

Anca Spiridon

Promo Group Communications - Kazakhstan

Asel Karaulova

Ekaterina Sulema                                                                               + 7 (727) 264 67 37

Deutsche Bank                                                                                   + 44 (0) 207 545 8000

Ben Lawrence

JM Hafner

Rob Abbott

VTB Capital plc                                                                                   + 44 (0) 203 334 8000

Alexander Metherell

Marcus Brown

Giles Coffey

About Zhaikmunai

Zhaikmunai is an independent oil and gas enterprise currently engaging in the production, development and exploration of oil and gas in north-western Kazakhstan. Its Global Depositary Receipts (GDRs) are listed on the London Stock Exchange (Ticker symbol: ZKM). Zhaikmunai's principal producing asset is the Chinarevskoye field, in which it holds a 100% interest and is the operator, through its wholly-owned subsidiary Zhaikmunai LLP. In addition, Zhaikmunai holds a 100% interest in and is the operator of the Rostoshinskoye, Darinskoye and Yuzhno-Gremyachenskoye oil and gas fields. Located in the pre-Caspian basin to the north-west of Uralsk, these exploration and development fields are approximately 60 and 120 kilometres respectively from the Chinarevskoye field.

Forward-Looking Statements

Some of the statements in this document are forward-looking. Forward-looking statements include statements regarding the intent, belief and current expectations of the Partnership or its officers with respect to various matters. When used in this document, the words "expects," "believes," "anticipates," "plans," "may," "will," "should" and similar expressions, and the negatives thereof, are intended to identify forward-looking statements. Such statements are not promises or guarantees, and are subject to risks and uncertainties that could cause actual outcomes to differ materially from those suggested by any such statements.

Deutsche Bank

Deutsche Bank AG is authorised under German Banking Law (competent authority: BaFin - Federal Financial Supervisory Authority) and authorised and subject to limited regulation by the Financial Conduct Authority (the "FCA"). Details about the extent of Deutsche Bank AG's authorisation and regulation by the FCA are available on request.

VTB Capital

VTB Capital Plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

 

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