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KAZAKHSTAN KAGAZY PLC

("Kazakhstan Kagazy" or the "Company")

Statement re. Court Order

Further to the Company’s previous announcements regarding its claims against the Company's former directors and shareholders, Maksat Arip and Baglan Zhunus, for misappropriation of the Company’s funds, the Company provides the following update.

The honourable Mr Justice Walker, sitting in the Commercial Court, has today granted Mr Zhunus’s application for security to be provided in relation to his potential legal costs (the “Order”). The Company and other claimants are required to provide £500,000 of security by 14 May 2015 and a further £500,000 of security by 11 June 2015. An interim payment of £250,000 in relation to Mr Zhunus’s costs is to be made by 14 May 2015.

For more information please contact:

Kazakhstan Kagazy PLC
Hugh McGregor
General Counsel and Company Secretary
+ 7 (727) 244 87 87

Daniel Stewart & Company PLC
David Coffman / Liz Kirchner (Financial Adviser) / Martin Lampshire (Broker)
Tel +44 (0) 20 7776 6550

About Kazakhstan Kagazy PLC
London Stock Exchange listed Kazakhstan Kagazy PLC is the largest paper, packaging and recycling group in Kazakhstan and Central Asia.