OREANDA-NEWS. Kazakhmys PLC ("Kazakhmys" or the "Company") announces that at its General Meeting held today, the Resolutions put to Shareholders in relation to the proposed restructuring of the Company, as announced on 23 July 2014, were duly passed on a poll.

Key points of restructuring

The restructuring is a key step in delivering the Company's strategic goals:

o Focused on copper in Central Asia

o Dominated by large scale, low cost, open pit mines

The Transaction involves the transfer of mature assets in the Zhezkazgan and Central Regions to Cuprum Holding, a private company owned by Vladimir Kim and Eduard Ogay

The restructuring creates a more viable future for the Disposal Assets and their surrounding communities

Kazakhmys will retain five mines, with high copper grade, low sustaining capital expenditure and a cash generative profile

The Company will significantly increase future production through three major growth projects

Completion remains subject to regulatory approvals in Kazakhstan:

o Completion expected by the end of 2014

o Kazakhmys to be renamed KAZ Minerals PLC on completion

Oleg Novachuk, Chief Executive of Kazakhmys, commented: “This is a transformational event for the Company.

Today's vote is a key step toward achieving our strategic aim of production based on a portfolio of highly competitive assets, backed by an industry leading growth profile and providing attractive returns for all stakeholders.”

Result of General Meeting

The poll results showing the number of votes received for and against the Resolutions are shown below.

In accordance with the Listing Rules, each of Vladimir Kim and Eduard Ogay, and their respective associates, have not voted their interest in Ordinary Shares in respect of Resolution 1 (the Transaction Resolution).

Furthermore, although eligible to vote and supportive of the Transaction, Oleg Novachuk has not voted his interest in Ordinary Shares in respect of Resolution 1 so as to allow for Resolution 1 to be voted upon by the remaining Independent Shareholders. Therefore, the poll votes received for Resolution 1 represent

approximately 31 per cent. of the total number of Ordinary Shares eligible to vote. The poll votes received for Resolution 2 represent approximately 63 per cent. of the total number of Ordinary Shares eligible to vote. The Company currently holds 11,701,830 Ordinary Shares in treasury which do not carry voting rights.