The Company announces the resignation of Alexandr Valitov as a director of Kazakhstan Kagazy JSC and the appointment of Thomas Mateos Werner as a director of Kazakhstan Kagazy JSC. Kazakhstan Kagazy JSC is the Kazakh holding company of the group's operations.

Enquiries:
S P Angel Corporate Finance LLP
David Facey
+44 (0) 20 7647 9641
John Mackay
+44 (0) 20 76479642
Bruce Fraser
+44 (0) 20 7647 9647