Appointment of Co-Adviser

KazakhGold Group Limited

('KazakhGold' or the 'Company')

APPOINTMENT OF MERRILL LYNCH AS CO-ADVISER

The Board of KazakhGold Group Limited (TIDM: KZG) is pleased to announce that it has appointed Merrill Lynch as its co-financial adviser. Merrill Lynch will work alongside ING and JPMorgan Cazenove, the Company's brokers, advising KazakhGold on a number of potential corporate transactions that the company is currently considering. 

For further information, please contact: 

Sanzhar Assaubayev

General Manager, London Office

KazakhGold Group Limited

Tel: +44 (0) 203 178 7105

Martin Jackson/George Cazenove

Citigate Dewe Rogerson

Tel: +44 (0)20 7638 9571

Further information about the company is also available from: 

www.kazakhgold.com.

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