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CIC Purchases Stake in JSC KazMunaiGas Production

Source: www.gulfoilandgas.com 9/30/2009, Location: Asia

China Investment Corporation has, through its wholly owned subsidiary, Fullbloom Investment Corporation, purchased approximately 11 percent of the Global Depositary Receipts of JSC KazMunaiGas Exploration Production for a consideration of approximately US$939 million.

JSC KazMunaiGas Exploration Production is a Kazakh oil and gas corporation. Its shares are listed on the Kazakhstan Stock Exchange and its Global Depositary Receipts are listed on the main market of the London Stock Exchange.

The transaction was started from 14 July 2009, and all necessary registration processes have now been completed in respect of the transaction.

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