Almaty, Kazakhstan – October 16, 2007 – Kazakhstan Kagazy PLC (the “Company” or “Kagazy”), owner of Central Asia’s largest producer of paper, corrugated board and packaging products and one of the leading industrial real estate development companies in the country, today announced its interim financial results for the six months ended June 30, 2007. These results have been extracted from interim condensed consolidated financial statements, which have been prepared according to IAS 34 (“Interim financial reporting”).