Almaty, Kazakhstan, May 17, 2012 - Kazakhstan Kagazy JSC (the "Group") is pleased to announce that Jos van Lent has been appointed as a Group Head of its Paper Business.

Jos van Lent has a 30 year track record in the paper industry and is considered to be one of the leading executives in the Eastern Europe and Russia & CIS regions.

Jos has worked for SCA Packaging and Eswell in the Netherlands, and as a Managing Director for both Smurfit Kappa and Model Holding in Poland. Currently he was working for CIDC UK and Azerbaijan as a Project Director for the construction of the biggest tissue paper and diaper factory in the Caucasus.

From 2007 to 2009 Jos was also an independent director on the board of Kedenstransservice, the logistics operator of the Kazakh railways.

Jos holds a Diploma from Technical College of Mechanics and Industrial Engineering in Hertogenbosch (Netherlands) and has studied Economics at the University of Amsterdam.

Taisiya Kogutuk, CEO of the Group, said: "I am delighted to welcome Jos van Lent in his new role. Jos comes at a crucial time in the consolidation of the sector in Central Asia and Russia and I am sure that with his experience and knowledge of our industry and the region Kazakhstan Kagazy will strengthen its position as the leading manufacturer of paper and corrugated paper in Central Asia"

For information:

Kazakhstan Kagazy Group produces paper, corrugated cardboard and cardboard containers. It is a modern production company with vertically integrated production cycle that starts from the collection and processing of waste paper and production and distribution of paper, cardboard and containers. It maintains leading positions in paper and cardboard market in Kazakhstan.

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For additional data, please visit www.kazakhstankagazy.

Sadyr Shaguzhayev
IR department
Tel.:  +7-727-341-02-00

Ekaterina Karmysheva
Press office
Tel.:+7-727-312-02-85

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