OREANDA-NEWS. On 26 August 2009 KazakhGold Group Limited(LSE: KZG), today announced the following changes to its Board constitution and decisions taken at the Meeting of the Board of Directors held in London on August 14, 2009.

It was noted and confirmed that representatives of Polyus Gold: Evgeny Ivanov, Oleg Ignatov, German Pikhoya, Boris Zakharov were appointed new directors of the Company effective 14 August 2009.

David Netherway and Aidar Assaubayev remained members of the Board. It was further resolved that Stephen Oke be appointed new independent non-executive director of the Company.

The Board also elected the members of the Board’s committees:

Audit Committee – Stephen Oke (Chairman), Oleg Ignatov, German Pikhoya.

Remuneration Committee - David Netherway (Chairman), Oleg Ignatov, Boris Zakharov.

Evgeny Ivanov was appointed Chairman and Chief Executive Officer of the Company.

Alexey Teksler has been appointed Chief Operating Officer of the Company, Kirill Martynov - Chief Financial Officer.

Dmitry Ivanov has been appointed General Manager of the London office of the Company.