KAZ Minerals is proud to sponsor Elena Rybakina, the top-ranked Kazakhstani tennis player, for the 2023 to 2025 seasons.

Elena is a dominant force in the world of tennis, having won the 2022 Wimbledon Championship. Elena has also secured a further four WTA tournament victories, winning the 2023 Indian Wells and Rome tournaments, the 2020 Hobart International, and the 2019 Bucharest Open tournaments. Furthermore, she has reached the finals a remarkable nine times.

Elena’s passion for tennis began at the age of five, and her professional journey took off in 2016. In June 2018, she made the decision to represent Kazakhstan in her sporting endeavours. Her triumphant victory at Wimbledon in 2022 and her match in the final of the Australian Open in 2023 catapulted her into the Top 10 of the world rankings.

Known for her exceptional skills on hard courts, Elena possesses one of the most formidable serves on the WTA Tour. While her busy touring schedule means she may not be able to spend as much time in Kazakhstan these days, she continues to lend her support to children’s tennis events, inspired by the growing number of children and young people taking up the sport.

“I am grateful to the Kazakhstan Tennis Federation and my sponsors, including KAZ Minerals, for believing in me. This support helps me to focus on my sports career and realise my potential. I hope for more wins to come and I am happy to enjoy our common success with my fans in Kazakhstan and elsewhere.”

KAZ Minerals is proud to announce that it has become a founding member of the Kyrgyz-British Business Council. The Business Council is a platform to coordinate trade, investment activities and cooperation between the United Kingdom and Kyrgyzstan and strengthen bilateral trade and economic relations between the two countries. The inaugural meeting of the Business Council on 28 November 2023 was opened by Akylbek Japarov, representing Kyrgyzstan as the Chairman of the Cabinet of Ministers of the Kyrgyz Republic, and Nusrat Ghani, representing the United Kingdom as Minister of State at the Department for Business and Trade, Minister of State for the Investment Security Unit and Minister for Industry and Economic Security.

KAZ Minerals has identified a fraudulent spoof website on the internet, which appears as a duplicate of the Group’s corporate website but with false contact details.

Please be advised that www.kazminerals.com is the only official corporate website of the Group.

For further information please contact:

REGISTERED OFFICE

7^th Floor, 83 Victoria Street, London SW1H 0HW, United Kingdom.

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KAZ MINERALS ANNOUNCES THE DISPOSAL OF GDK BAIMSKAYA

In July 2023, GDK Baimskaya was disposed to Trianon Limited, a Kazakhstan-based company owned by the ultimate shareholders of KAZ Minerals.

Following this transaction, KAZ Minerals has no operations in Russia.

For further information please contact:

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On 15 March 2018, KAZ Minerals was jointly awarded ‘Transformation of the Year’ in the prestigious annual PLC Awards for UK listed companies. The award recognises the Group’s achievements over the past few years including the restructuring in 2014, the successful delivery of the major growth projects and the Group’s significant progress in increasing its productivity. In 2017 copper production grew by 80% to 259 kt and KAZ Minerals reinforced its reputation as one of the most efficient copper miners in the world.

The PLC Awards are high profile and all UK listed companies are eligible, which includes some of the largest companies globally.

Please click on this link for further details of the awards and the 2017 winners:

PLC AWARDS 2017

KAZ Minerals PLC (“KAZ Minerals” or “the Group”) notes recent speculation regarding the Baimskaya copper deposit (“Baimskaya”).

KAZ Minerals continually evaluates potential new mining projects to identify attractive long-term investment opportunities for the Group. KAZ Minerals confirms that it is currently evaluating the potential acquisition of a majority stake in the Baimskaya project. Baimskaya is a large copper-gold porphyry deposit located in the Chukotka region of Russia, with JORC resources of 9.5 Mt of copper at an average copper grade of 0.43% and 16.5 Moz of gold at an average grade of 0.23 g/t.

There can be no certainty that any transaction will be forthcoming or on what terms it would occur.

Further information will be announced to the market as and when appropriate.

This announcement contains inside information.

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Further to the announcement on 27 April 2017 of Simon Heale’s retirement as Chairman, Oleg Novachuk’s appointment as Chair, Andrew Southam’s appointment as Chief Executive Officer and Michael Lynch-Bell’s appointment as Deputy Chair, all effective from 1 January 2018, KAZ Minerals (“KAZ Minerals” or “the Group”) announces the appointment of a new Chief Financial Officer and an Independent Non-Executive Director.

John Hadfield will join KAZ Minerals on 20 November 2017 and will be appointed Chief Financial Officer on 1 January 2018. John is currently Finance Director of the UK business of Intertek PLC. Prior to his role at Intertek PLC, John spent over 14 years at BG Group PLC (“BG”) and Royal Dutch Shell PLC (“Shell”) in a number of UK and international finance roles including Financial Controller of BG’s $20 billion QGC liquified natural gas project in Queensland, Australia and Vice President Finance for BG’s Exploration and Production assets in the UK and Norway. Following the acquisition of BG by Shell, John was responsible for restructuring the combined Exploration and Production finance teams in Shell UK and Ireland. John began his career with PricewaterhouseCoopers in London.

Alison Baker will be appointed as an Independent Non-Executive Director, effective from 9 October 2017 and will be a member of the Audit Committee. Alison has nearly 25 years’ experience in the provision of audit, capital markets and advisory services, having led the UK and EMEA Oil & Gas practice at PricewaterhouseCoopers and prior to that the Energy, Utilities and Mining Assurance practice at Ernst & Young. Alison has extensive emerging markets experience including in the energy and mining sectors in Kazakhstan.

Following the new appointments announced today and the changes to the Board announced on 27 April 2017, the Board will maintain a majority of independent Directors in line with the requirements of the UK Corporate Governance Code. There are no further details that are required to be disclosed in respect of the appointment of Alison Baker as a Director under LR9.6.13R of the Listing Rules of the UK Listing Authority.

Oleg Novachuk, Chief Executive, said “I look forward to welcoming John Hadfield and Alison Baker to their new roles at KAZ Minerals as Chief Financial Officer and Independent Non-Executive Director. Both John and Alison bring extensive experience to the Group and will make an important contribution as we enter the next stage of our development.”

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KAZ Minerals PLC (“KAZ Minerals”, “the Group” or “the Company”) announces the following changes to the Board with effect from 1 January 2018:

• Simon Heale, the non-executive Chairman of the Company, will retire from the Board having served eleven years with the Company, including five as Chairman
• Oleg Novachuk, Chief Executive Officer, will become Chair
• Andrew Southam, Chief Financial Officer, will be appointed Chief Executive Officer
• Michael Lynch-Bell, Senior Independent Director will be additionally appointed Deputy Chair with responsibility for Board governance matters and to represent the interests of independent shareholders constituting the Group’s majority free float
• A process is under way to identify and appoint a new independent non-executive Director and a new Chief Financial Officer

Simon Heale, Chairman, said: “I have decided to stand down from the Board of KAZ Minerals PLC at the end of 2017, having served eleven years as a Director and five years as Chairman. Following the restructuring in 2014 which positioned KAZ Minerals as a globally competitive, low cost producer and with the completion of the two major growth projects in 2016, KAZ Minerals is well positioned to benefit from the improving outlook for copper. It is the right time for a new Chair to take the Company forward.”

Oleg Novachuk has been the Group’s Chief Executive for the past eleven years and prior to that, as Finance Director, he led the Listing of the Group on the London Stock Exchange in 2005. As Chief Executive Officer, he has delivered the two major growth projects and put in place a strong operational management team. The Board views Oleg’s operational knowledge, project development expertise and senior relationships with industrial, financial and political leaders in both China and Kazakhstan as invaluable to the Group and its future prospects. Given the history of the Group, its status as a leading Kazakhstan-based developer and operator of copper mining assets, together with the diverse challenges involved with operating in the region, Oleg is uniquely qualified to take responsibility, as Chair, for the strategic leadership of KAZ Minerals going forward. The Chair role will be full-time and will include responsibility for strategy, government relations and business development. Oleg retains a significant shareholding in the Group and his interests therefore remain closely aligned with those of other shareholders.

Oleg Novachuk said: “I would like to thank Simon for his contribution to the Group over the last eleven years which has included a period of significant change, including the completion of our major growth projects last year. His advice and leadership will be greatly missed. I am pleased to be taking on the role of Chair of the Group upon Simon’s departure which will enable me to increase my focus on strategic development and build on our key relationships in the region.

As Chair, and as a significant shareholder in KAZ Minerals, I will continue to seek to maximise the value of the Group’s assets over the long term.”

Andrew Southam, currently Chief Financial Officer, will be appointed to the role of Deputy Chief Executive Officer and Chief Financial Officer with effect from 1 July 2017 and will succeed Oleg Novachuk as Chief Executive Officer with effect from 1 January 2018. Andrew Southam is ideally placed to take on the role of Chief Executive Officer and is Oleg’s clear successor with a deep understanding of the business of the Group, its culture and stakeholders in the UK and Kazakhstan. Andrew was, together with Oleg, one of the architects of the October 2014 restructuring which created KAZ Minerals. As Chief Executive Officer, Andrew will be responsible to the Board for the executive management of the Group including leadership of the Executive Committee and implementation of the Group’s strategy. A process is underway to appoint a new Chief Financial Officer.

Andrew Southam said: “I am delighted to have the opportunity to steer the Group through the next phase in its development as we ramp up production from our new assets. Oleg and I have worked together closely for many years and we have a shared vision for the Group. I am pleased that KAZ Minerals will retain Oleg’s experience and leadership as Chair and I look forward to continuing to work together with him in delivering value for our shareholders.”

The Board is mindful of the UK Corporate Governance Code’s provisions regarding a Chief Executive Officer going on to become Chair of the same company. However, having consulted with major shareholders, the Board believes that Oleg’s appointment as Chair will allow the Group to continue to benefit from his unique skills, experience and relationships in the region in which the Group operates. In recognition of the need to maintain the Group’s existing high standards of corporate governance the Board will appoint Michael Lynch-Bell, the current senior independent Director, as Deputy Chair with effect from 1 January 2018. The division of responsibilities between the Chair, Deputy Chair and Chief Executive Officer have been clearly defined and approved by the Board. The Chair will lead the Board other than in matters of governance, which will be led by the Deputy Chair. In addition, the Chair will be responsible for the development of strategy, government relations and business development. The Chief Executive Officer will be responsible for the day to day executive management of the Group.

The Deputy Chair role will expand the authority and responsibilities of the senior independent Director. Michael Lynch-Bell will lead on governance issues, including the annual review of Board effectiveness, the leadership of the Nomination Committee and acting as an intermediary between non-executive Directors and the Chair. The Deputy Chair will also provide a point of contact between the Company and independent shareholders who may wish to raise issues with the Board other than through the Chair. Michael has been a Director of KAZ Minerals PLC and chair of the Audit Committee since 2013 and was formerly an audit partner at Ernst and Young, where he worked for over 38 years having developed and later led its global mining practice.

To further strengthen the representation of shareholders, the Group will seek to appoint a new independent non-executive Director before the Board changes take effect on 1 January 2018 and at all times a majority of the Board will comprise non-executive Directors determined by the Board to be independent.

Michael Lynch-Bell, the Senior Independent Director and Deputy Chair designate, said: “I am pleased to be taking on the additional role of Deputy Chair and I am confident that the proposed new governance arrangements are in the best interests of shareholders. The Board of KAZ Minerals remains committed to upholding the highest standards of corporate governance and has consulted with shareholders as part of this process.”

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KAZ Minerals PLC announces that it has signed an agreement with Baiyin Nonferrous Group Co., Ltd. (“Baiyin”) to jointly perform a scoping study on the construction of a copper smelter in Kazakhstan. The smelter would process copper concentrate from the Bozshakol and Aktogay mines.

Following the scoping study any decision to proceed with the construction of a smelter will be subject to further technical and economic evaluation and the availability of suitable financing.

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KAZAKHMYS ANNOUNCES COMPLETION OF RESTRUCTURING AND CHANGE OF NAME TO KAZ MINERALS PLC

Kazakhmys PLC (the “Company”) announces that all conditions to the Share Transfer Agreement have been satisfied. As a result, the restructuring first announced on 27 February 2014 and approved by Independent Shareholders on 15 August 2014 is now complete.

Following completion, the Company retains mining and processing assets in the East Region of Kazakhstan and the Bozymchak mine in Kyrgyzstan, as well as the major growth projects Bozshakol, Aktogay and Koksay. The Company’s subsidiaries owning mature assets in the Zhezkazgan and Central Regions of Kazakhstan have been transferred to Cuprum Holding.

The Company will be renamed “KAZ Minerals PLC” with effect from registration of the change of name, which is expected to become effective later today, whilst the assets transferred to Cuprum Holding will continue to operate under the trading name of “Kazakhmys”.

As described in the circular to shareholders dated 23 July 2014, Eduard Ogay is stepping down from the Board with immediate effect in order to take up his position as chief executive officer of Cuprum Holding and will no longer be a Director of the Company or employee of the Group. Andrew Southam, Chief Financial Officer, will join the Board as an executive Director of KAZ Minerals PLC with effect from 1 November 2014. There are no further details that are required to be disclosed in respect of the appointment of Andrew Southam under LR9.6.13R of the Listing Rules of the UK Listing Authority.

Oleg Novachuk, Chief Executive, commented: “This is a historic day in the development of our company. In KAZ Minerals we have created a high growth copper company focused on large scale, low cost, open pit mining in Kazakhstan. KAZ Minerals is well positioned to deliver significant returns to our shareholders as we bring our major growth projects Bozshakol and Aktogay into production. I am very excited about the future for our new company and I am looking forward to delivering the next phase of our strategy.”

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