OREANDA-NEWS. On October 22, 2007 Company KAZAKHMYS PLC (London), common shares of which are traded in Kazakhstan stock exchange's (KASE) category "A" official list provided KASE with the press-release in which the following is informed, reported the press-centre of KASE:

Kazakhmys PLC company ("the Company") has announced today that on the special shareholders' meeting that has taken place today, on October 19 of 2007, the independent shareholders of the Company have approved the proposal of acquiring direct 18.8% stake of participation in Eurasian Natural Resources Corporation PLC (ENRC).

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

The purchase depends on normative approval from Government of Kazakhstan due to the indirect change in the right of ownership regarding the rights on subsurface use.

Results of special general shareholders' meeting

After accepting the resolution that has been proposed today for voting on special general shareholders' meeting (Resolution) two copies of the Resolution were transmitted to the Administration of securities access on London stock exchange for its publication in accordance with the rules of securities access on the stock exchange.

A complete version of the given press release of KAZAKHMYS PLC is available at
http://www.kase.kz/emitters/scan/kzms/gbkzms_reliz_191007.pdf