OREANDA-NEWS. On August 17, 2009 EURASIAN NATURAL RESOURCES CORPORATION PLC, a company listed on Kazakhstan Stock Exchange (KASE), provided KASE with a press release, reported the press-centre of KASE:

The Board of Eurasian Natural Resources Corporation PLC ('ENRC' or the Group') announces that, following his recent appointment as Chairman of UK Financial Investments Limited ('UKFI'), Sir David Cooksey will step down as Chairman and as a Director of the Group, effective from 20 August 2009, to allow him to concentrate on the significant demands of his new role.

The Board is delighted that Dr Johannes Sittard, currently Chief Executive Officer of the Group, has accepted the role of Non-Executive Chairman, retaining for the Group the full benefit of his extensive operating experience and his proven leadership.

Sir Richard Sykes is appointed to be the Non-Executive Deputy Chairman of the Group and will retain his position as the Senior Independent Director. Sir Richard's extensive experience in the metals and mining sector is an invaluable asset in the strategic development of the Group.

In addition, the Board has promoted Felix Vulis to be Chief Executive Officer and has appointed him as a Director of the Group. Mr Vulis has been Chief  Executive Officer ENRC Kazakhstan since 2006 and a member of the ENRC Executive Committee since 2001.

All three appointments are effective from 20 August 2009.

Dr Johannes Sittard said: "Sir David has made an invaluable contribution to the establishment of ENRC as an emerging international diversified natural resources group. His outstanding knowledge and ability helped the Group prepare for and execute a successful IPO, and he has guided us to our current standing as a FTSE 100 company. We are grateful for his skill and

dedication and wish him every success at UKFI.

"We are also fortunate to be able to call upon Felix, whose experience as Chief Executive Officer of our most significant operating geography makes him a natural choice for the role of ChiefExecutive Officer of the Group."

Sir David Cooksey said: "The appointment of Dr Sittard to the position of Non-Executive Chairman leaves ENRC in safe hands for the future. I would like to thank him, the rest of the Board and the senior management team for the work they have done during my tenure and wish the Group continued success in the future."

Felix Vulis said: "I inherit the role of Group Chief Executive at an exciting time and ENRC, with its low-cost assets and proximity to growth markets, is very well positioned for the upturn. I am pleased that we have been able to retain Dr Sittard's experience for the Group."