New revolving credit facility

KAZ Minerals PLC (“KAZ Minerals” or “the Group”) announces the signing of a new $50 million revolving credit facility (“RCF”) with Caterpillar Financial Services (UK) Limited (“Cat Financial”), a subsidiary of Caterpillar Inc.. Caterpillar Inc. is a major supplier of mining equipment to the Group’s Bozshakol and Aktogay projects.

The RCF is available for drawing for three years from the date of signing, following which the facility is repayable in four equal quarterly instalments. An interest rate of USD LIBOR plus 4.25% is payable on amounts outstanding under the RCF. The financial covenants on the RCF are identical to those applicable to the Group’s existing pre-export finance facility.

Andrew Southam, Chief Financial Officer, said: “This new facility with Cat Financial provides KAZ Minerals with additional liquidity during the construction and ramp-up of our major growth projects and broadens the Group’s debt portfolio.”

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