London, United Kingdom – July 1, 2010 – 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, today announced the decisions made at the Annual General Meeting of its shareholders (the “AGM”) on June 30, 2010.
The AGM approved the Annual Report for the year ended 31 December 2009 together with the report of the Auditors and audited financial accounts.
The AGM re-elected Tomas Mateos Werner and Jeremy Polturak to the Board of Directors of the Company.
BDO Stoy Hayward LLP was re-appointed as Kazakhstan Kagazy’s auditor for 2010.
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Discussions with the bond holders of Kazakhstan Kagazy JSCA and other bank lenders to the Group continue. Further announcements will be made in due course.
The Board notes that if these discussions do not result in a satisfactory conclusion, the ongoing prospects of the Group will be uncertain.


For further information, please visit www.kazakhstankagazy.com or contact:

Kazakhstan Kagazy
Tomas Mateos Werner
Chairman
Tel: +7 727 244 8787   

SP Angel Corporate Finance LLP
David Facey
Tel. +44 20 7647 9650