1. KMG Group has a central role
Developing Kazakhstan
KMG Group has a central role
London, 2013

2. Core Financial information Year-end 2012
Total Assets $45B
Gross Revenues $19.6b
Gross Profit $5.8b
EBITDA $6.76b
Capex $5.57b
Large reserve base & major production potential
Source: KMG Bond Prospectus 2013

3. Kazakhstan: Strengthening Positions on the Global Energy Market
21.4 36
mn tons
2012
2025
Oil production by KazMunayGas
0.5
Total recoverable oil reserves
bn tons of oil 11
7.2
production (mn tons)
2012
2025 44
oil and gas fields
65%
of oil transportation
100%
gas transportation
Karachaganak
1.3
Total recoverable oil reserves
bn tons of oil
24.2 37
production (mn tons)
2012
2025
Tengiz
Kashagan
start
36.7
production (mn tons)
2012
2025
79.2
108
mn tons
2012
2025
Oil Production
in Kazakhstan 2
Total recoverable oil reserves
bn tons of oil

4. Intensification of Exploration Efforts
797
bn KZT
Financing of Exploration Efforts
in the KazMunayGas group
823
1,414
mn tons
2012
2022
Dynamics of oil and condensate reserves of the KazMunayGas group
By 2022 increase in the RESERVES of the KazMunayGas group to 1.4 bn tons is expected
From 2017, the reserves growth is planned using geologic exploration works with application of leading-edge TECHNOLOGY
738
Prospecting and exploratory drilling costs
bn KZT 50
3D seismic prospecting costs 9
2D seismic prospecting costs
Leading-edge technology in exploration works:
airborne magnetic surveying
reservoir simulation
basin simulation
multifocusing
Dynamics of KMG's oil and condensate reserves, mn tons:
2011
2012 (fact)
2012*
(forecast)
2013*
2014*
2015*
2016*
2017*
2018*
2019*
2020*
2021*
2022*

5. Diversification and capacity expansion of export routes
Kazakhstan-China oil pipeline: EXPANSION of the oil pipeline on the Atyrau - Kenkiyak - Kumkol - Karakoin - Atasu - Alashankou sections (implementation: )
Kazakhstan-China gas pipeline: construction of the THIRD LINE (line С)
(launch in 2016)
Atyrau
Kenkiyak
Kumkol
Atasu
Alashankou
Shymkent
Taraz
Khorgos
Almaty
TURKMENISTAN - UZBEKISTAN
Beineu
Bozoi
Kyzylorda
Line C
Gas pipeline
Kazakhstan-China
Oil Pipeline
Beineu-Bozoi-Shymkent
Beineu-Bozoi-Shymkent gas pipeline:
phased commissioning, incl. Section
BEINEU – BOZOI (implementation: 2011 – 2015)

6. MAJOR MANUFACTURING PROGRAMME UNDERWAY /PLANNED
Atyrau refinery ( underway)
Aromatics Production complex $1.098m
Road Bitumen production $290m
Deeper oil conversion complex $1.680m
Shymkent Refinery reconstruction project
Pavlodar Refinery upgrading project
Petromedia Refinery upgrade ( completed)
ADDING VALUE TO KAZAKHSTAN PRODUCTION & RAISING KAZAKH CONTENT