 EBITDA of \\$88 million, excludes \\$6 million capitalised contribution from Bozymchak
- East Region EBITDA of \\$109 million
 Strong operating cost management - Gross cash cost of 270 USc/lb versus previous guidance of 280-300 USc/lb
- Full year gross cash cost guidance reduced to 260-280 USc/lb
- East Region achieved competitive net cash cost of 125 USc/lb
 Positive operating cash flow
- Free Cash Flow before interest of \\$30 million
- Sustaining capital expenditure limited to \\$25 million
 Significant liquidity
- Funds available of \\$2,210 million at 30 June 2015: \\$1,460 million of cash and \\$750 million of undrawn facilities
- \\$50 million revolving credit facility signed with Caterpillar in August 2015
- Net debt \\$1,589 million as at 30 June 2015 OPERATIONAL HIGHLIGHTS
 Solid first half output
- Underlying copper in concentrate production of 43 kt
- On-track to achieve 2015 cathode production target of 80-85 kt
- Zinc and silver output to achieve top end of guidance range

 Bozshakol
- Fire on 14 August 2015 currently expected to result in commissioning commencing in the first quarter of 2016 with no change to the capital budget
- Installation of processing equipment largely complete, now in testing phase
- Pit fully dewatered, pre-production mining activities underway

 Aktogay
- 1,075 kt of oxide ore with grade of 0.35% extracted and placed on pads as at 31 July
- SX/EW processing facilities close to completion ahead of first cathode production in the fourth quarter
- Sulphide plant construction proceeding on schedule for 2017 start up


 Launch of growth projects, 2015 copper guidance maintained
- Initial production from Aktogay oxide in 2015
- Repairs to be undertaken at Bozshakol whilst continuing final construction and testing work
- Close control of costs and sustaining capital expenditure
- Release of smelter work in progress to support cathode production in second half.

Oleg Novachuk, Chief Executive, said: “Bozshakol and Aktogay progressed well in the first half of 2015, with pre-production mining activities underway and Aktogay on course for initial copper cathode production from oxide ore later this year. At Bozshakol, our preliminary assessment following the fire that occurred in the concentrator building on 14 August is that commissioning is currently expected to be delayed to the first quarter of 2016, with no change to the capital budget. As a result of the East Region’s solid operational performance and cost control measures we are on track to achieve our full year copper production guidance at a reduced gross cash cost.”

KAZ Minerals PLC (“KAZ Minerals” or “the Group”) is a high growth copper company focused on large scale, low cost, open pit mining in Kazakhstan. It is a leading copper producer in Kazakhstan with five operating mines and four concentrators. In 2014, total copper cathode output from continuing operations was 84 kt. The Group’s continuing operations also produced 121 kt of zinc in concentrate, 3,435 koz of silver and 35 koz of gold in 2014. The Group has two major copper projects under construction, Bozshakol and Aktogay, and a third, Koksay, at scoping stage. These projects are expected to deliver one of the highest growth rates in the industry and transform KAZ Minerals into a company dominated by world class open pit copper mines. KAZ Minerals PLC is listed on the London Stock Exchange, the Kazakhstan Stock Exchange and the Hong Kong Stock Exchange and employs around 10,000 people, principally in Kazakhstan.