Kazakhstan Kagazy plc (“the Group”) announces results of its Annual General Meeting («AGM») that was held on September 30, 2011.

AGM was held in London, UK, on September 30, 2011 for the following purposes:

-  nonpayment of a dividend following the results of 2010.
- approve and adopt the audited accounts of the Company for the year ending 31 December 2010 together with the report of the Auditors on those audited accounts.
- re-elect Mr. Alexandr Valitov as a Director.
- to appoint PriceWaterhouseCoopers LLP as auditors to the Company until the conclusion of the next General Meeting.

Shareholders approved issues of an agenda of AGM by voting affirmatively.
Mr. Tomas Mateos Werner was re-elected as a Chairman of the Board of Directors of the Group.

For additional information please apply:

Mr. Sadyr Shaguzhayev                                                  +7 727 244 02 08
Head of Investor Relations

Ms. Nellya Kim                                                +7 727 244 87 96
Press Service