Almaty, Kazakhstan – September 24, 2009 – Kazakhstan Kagazy plc (the “Group” or “Kagazy”), Central Asia’s largest producer of paper, corrugated board and packaging, and a leading operator of commercial warehousing and industrial infrastructure facilities in Central Asia, announces that it has recently received notification that Rysaffe Fiduciaries Sàrl, as trustee of Oreo Settlement (the "Trust") has sold its 100% interest in Oreo Limited through which it held an indirect interest in 25,000,000 ordinary shares of Kagazy (the "Shares") (representing 23.9% of the Group’s total ordinary share capital). The Trust is the vehicle through which Maksat Arip, one of the founding shareholders of Kagazy, held his indirect interest in Kagazy. Mr. Arip no longer holds any interest in the shares of Kagazy.