On 27 February 2019, JSC NC “KAZMUNAYGAS” (the “Issuer”) and KAZMUNAIGAZ FINANCE SUB B.V. (“KMG Finance”) announced their invitations to each holder of the:

  • U.S.$500,000,000 3.875% Notes due 2022 (Reg S ISIN: XS1595713279; Rule 144A ISIN: US48667QAM78) (the “2022 Notes”);
  • U.S.$1,000,000,000 4.40% notes due 2023 (Reg S ISIN: XS0925015074; Rule 144A ISIN: US46639UAA34) (the “2023 Notes”);
  • U.S.$1,000,000,000 4.75% Notes due 2027 (Reg S ISIN: XS1595713782; Rule 144A ISIN: US48667QAN51) (the “2027 Notes”); and
  • U.S.$1,250,000,000 5.75% Notes due 2047 (Reg S ISIN: XS1595714087; Rule 144A ISIN: US48667QAP00) (the “2047 Notes”),

to consent to certain proposed amendments being sought (the “Solicitation”) to (i) the terms and conditions of the 2022 Notes, (ii) the terms and conditions of the 2023 Notes, (iii) the terms and conditions of the 2027 Notes, (iv) the terms and conditions of the 2047 Notes and (v) the provisions of the trust deeds constituting the 2022 Notes, the 2023 Notes, the 2027 Notes and the 2047 Notes, all as more fully described in Consent Solicitation Memorandum (the “Proposal”).

The Solicitation was made on the terms and subject to the conditions set forth in the Consent Solicitation Memorandum.

The Issuer and KMG Finance hereby give notice to Noteholders that the Extraordinary Resolutions in respect of each of the 2022 Notes, the 2023 Notes, the 2027 Notes and the 2047 Notes set out in the Notices of Meetings dated 27 February 2019 were duly passed at the Meetings held today. The effectiveness of the Extraordinary Resolutions is subject to the execution of the supplemental trust deeds in respect of each such series of Notes on today’s date.


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