Holding(s) in Company

18 March 2008 Holdings in KazakhGold Group Limited KazakhGold Group Limited (the "Company") has received notification from L-R Managers, LLC that it has increased its holding in the Company to 1,564,582 Global Depository Receipts ("GDRs"), representing 3.09% of the total issued share capital of the Company. For further information, please contact: Alex Buck BuckBias W: +44 20 7244 8053 M: +44 7932 740 452 ---END OF MESSAGE---