OREANDA-NEWS. OPERATIONAL HIGHLIGHTS

o Output of all metals in line with full year targets

Copper cathode output 7% higher at 144 kt for first half of the year

Raised full year silver production target to 12,000 koz

GROWTH PROJECTS

o Continued progress on growth projects

Major milling equipment delivered to Bozshakol during July

Earthworks and excavations commenced at Aktogay

FINANCIAL HIGHLIGHTS

o Impact of lower metal prices and cost pressures

Segmental EBITDA (excluding special items) of USD 438 million

o Gross unit cash cost below guidance - increased 5% on FY 2012

Assisted by additional sales from inventory and improved resource management

Net cash costs of 232 US cents per pound impacted by lower by-product pricing and volumes

FOCUS ON CORE COPPER BUSINESS

o Completed sale of MKM in May 2013 for €42 million

o Disposal of ENRC holding approved on 2 August

Anticipate completion by year end

Kazakhmys will receive net cash proceeds of USD 875 million and repurchase 77 million shares

OUTLOOK

o Medium-term outlook for copper remains sound

Continued customer demand and constrained global supply

o Proceeds from disposal of ENRC holding to strengthen balance sheet