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KAZAKHSTAN KAGAZY PLC
(the “Group”, the"Company")
Debt Restructuring

The Company announces that it has signed a term sheet with the European Bank for Reconstruction and Development (‘EBRD’), the principal creditor of the Group’s operational subsidiary, Kagazy Recycling LLP (“Kagazy Recycling”), setting a framework for restructuring Kagazy Recycling’s defaulted debt to EBRD.

The Company and EBRD now intend to agree legally-binding restructuring documentation. Further announcements will be made in due course.

Enquiries:

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.