OREANDA-NEWS. April 07, 2010. The Board of Directors (“BoD”) of JSC KazMunaiGas Exploration Production (“KMG EP” or the “Company”) has approved the date and the agenda for the Annual General Meeting of Shareholders (“AGM”). The AGM will take place on 25 May 2009 in Astana.

In addition, the Board of Directors of KMG EP has approved the annual consolidated financial statements and the Company's Annual Report for 2009, which will be submitted for consideration at the AGM. The agenda of the AGM also includes: the net income allocation for the year 2009 and the dividend per ordinary and preferred share of the Company, evaluation of the work of the Board of Directors of KMG EP in 2009, changes and additions to the Company’s Charter, and the nomination of a candidate to the Board of Directors of KMG EP for the election as an independent director.

The Board of Directors has recommended a dividend payment per one ordinary and one preferred share of KMG EP for 2009 to be 704 Tenge (including taxes to be withheld in accordance with the legislation of Kazakhstan). This will be voted upon at the AGM. The total dividend for 2009 will be about 50.9 billion tenge (approx. USD 346.4 million)1.

Should the AGM approve the recommended rate, the payment of the annual dividend for 2009 will be made to shareholders of the Company on record as at June 7, 2010.