KazakhGold Group Limited

KazakhGold Group Limited Consent Solicitation Notification

    London (ots/PRNewswire) -

    KazakhGold Group Limited (the "Issuer") announced on November 23, 2007, that it commenced a consent solicitation (the "Proposals") of holders of its outstanding US$200,000,000 9.375% Notes due 2013 (the "Notes"). The meeting of Noteholders to approve the Proposals is scheduled at 5 p.m., London time, on December 19, 2007. Noteholders are invited to deliver an Electronic Voting Instruction on or before 5 p.m. (London time) on December 17, 2007 (the "Final Voting Deadline").

    The principal purpose of the Proposals is to modify the terms of the Notes in order to allow the Issuer to raise subordinated hybrid capital to accelerate production from existing undeveloped mine assets. The proposed amendments are described in more detail in the Consent Solicitation Statement dated November 23, 2007. If all of the conditions to the Consent Solicitation Statement have been satisfied, the Issuer will make a consent payment of US$10.00 for each US$1,000 principal amount validly consented and not revoked.

    Holders can obtain additional electronic copies of the Consent Solicitation Statement and related material from the Tabulation Agent, The Bank of New York, at +44-(0)-20-7964-4958 or via e-mail at eventsadmin@bankofny.com. The Issuer has retained HSBC Bank plc ("HSBC") to act as sole Solicitation Agent. Holders with questions about the consent solicitation can contact HSBC at +44-(0)-20-7991-5880 or via e-mail at kazakhgold-consent@hsbcib.com. In connection with the Proposals, the Issuer has composed a company presentation providing an update of business operations and the rationale for the raising of additional capital. This presentation is available on NetRoadshow's website www.netroadshow.com, for which the password can be obtained on request from HSBC.

    This press release is not a solicitation of consents nor shall it be deemed a solicitation of consents with respect to any securities. The consent solicitation will be made solely by the Consent Solicitation Statement dated November 23, 2007.

ots Originaltext: KazakhGold Group Limited
Im Internet recherchierbar: http://www.presseportal.ch

HSBC Bank plc, +44-20-7991-5880, for KazakhGold Group Limited

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