Report on Payments to Governments FY2015

KAZ Minerals PLC (“KAZ Minerals” or “the Group”) today provides information in accordance with DTR4.3A and The Reports on Payments to Governments Regulations 2014 (the “Regulations”) in respect of payments made by the Group for the year ended 31 December 2015.

The table below represents the Group’s consolidated report on payments made to governments under The Reports on Payments to Governments Regulations 2014 which became effective for the first time for the year ended 31 December 2015. The table includes all payments made in excess of £86,000 ($130,000) for activities related to the exploration, prospecting, discovery, development and extraction of minerals by project, government type and country, rounded to the nearest thousand US Dollars.

US$’000	Corporate income tax	Mineral Extraction Tax⁽¹⁾	Withholding tax	Licence fees⁽²⁾	Infrastructure and social payments⁽³⁾	Total
Kazakhstan
Artemyevsky – License	–	15,720	–	427	–	16,147
Irtyshsky- License	–	7,436	–	149	–	7,585
Orlovsky – License	–	23,836	–	–	–	23,836
Yubileyno-Snegirikhinsky – License	–	5,126	–	–	–	5,126
Legal entity	30,481	–	613	–	11,072	42,166
Total East Region	30,481	52,118	613	576	11,072	94,860
Aktogay Project and legal entity	3,198	2,945	307	535	620	7,605
Bozshakol Project and legal entity	–	1,532	285	–	2,629	4,446
Koksay Project and legal entity	–	–	11,389	–	–	11,389
Other legal entities	155	–	–	–	–	155
	33,834	56,595	12,594	1,111	14,321	118,455
Recipient
State Revenue Committee	33,834	56,595	12,594	1,111	–	104,134
Local Authorities	–	–	–	–	14,321	14,321
	33,834	56,595	12,594	1,111	14,321	118,455
Kyrgyzstan
Bozymchak project and legal entity	–	1,007	137	–	430	1,574
Recipient
State Tax Administration (central government)	–	1,007	137	–	–	1,144
Local Authority – Alabuka Region	–	–	–	–	430	430
	–	1,007	137	–	430	1,574

United Kingdom
Legal entity paid to HMRC	6,364	–	–	–	–	6,364

Hong Kong
Legal entity paid to Inland Revenue Department	145	–	–	–	–	145

Total Payments to Governments	40,343	57,602	12,731	1,111	14,751	126,538

The Mineral Extraction Tax is payable on the value of the mineral resources extracted based on the average price of the minerals on the London Metal Exchange or at the London Precious Metal Exchange.
Payments made as required under subsoil use license.
Infrastructure and social payments of $14.8 million represent payments made to bodies, associations, trusts and other public interest groups located in the regions in which the Group operates. These payments include the transfer of assets at their book value, which the Group regards as infrastructure and social payments, as these benefit local communities. The infrastructure payments reflected as part of the Bozymchak operation include a statutory infrastructure development levy which is based on a fixed proportion of revenue at 2%.

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Notification of Transactions of Directors, Persons Discharging Managerial Responsibility or Connected Persons

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