FOR IMMEDIATE RELEASE

23 July 2014

Kazakhmys PLC ("Kazakhmys" or the "Company")

SHAREHOLDER CIRCULAR AND NOTICE OF GENERAL MEETING

Further to the Company's announcement made earlier today relating to the proposed transfer of certain of the Company's subsidiaries owning mature assets in the Zhezkazgan and Central Regions of Kazakhstan to Cuprum Holding and the entry into certain services arrangements (the "Transaction"), Kazakhmys announces that the Shareholder Circular including Notice of General Meeting regarding the Transaction is being posted to shareholders shortly.

The General Meeting will be held at the offices of Linklaters LLP, One Silk Street, London EC2Y 8HQ, United Kingdom at 9.00 a.m. (UK time) on 15 August 2014.

In accordance with LR 9.6.1 of the UK Listing Authority, Kazakhmys has submitted the following documents to the National Storage Mechanism which will shortly be available for inspection at www.hemscott.com/nsm.do:

-             the Shareholder Circular including Notice of General Meeting; and

-             Form of Proxy relating to the General Meeting.

The Shareholder Circular including the Notice of General Meeting is available at www.kazakhmys.com

For further information please contact:

Kazakhmys

Instinctif Partners

REGISTERED OFFICE

6th Floor, Cardinal Place, 100 Victoria Street, London SW1E 5JL, United Kingdom.