ISLE OF MAN, UNITED KINGDOM -- (Marketwire) -- 02/11/13 --

Zhaikmunai Board Approves a GDR Buy-Back Programme

Amsterdam, 11 February 2013. Zhaikmunai L.P. ("Zhaikmunai" or
the"Partnership") is pleased to announce that the Board of Directors of
its general partner, Zhaikmunai Group Limited, has considered a GDR
buy-back programme and submitted the following suggestions to the
limited partners of the Partnership for their approval by special
resolution:

(1) a proposal that the Partnership be granted a general authorization
to purchase Zhaikmunai Global Depositary Receipts (GDRs) listed on the
London Stock Exchange and Zhaikmunai partnership interests, and
(2) certain amendments to Zhaikmunai's limited partnership agreement be
made to allow for the initiation of such a GDR buy-back programme.

The Board intends to distribute to Zhaikmunai's limited partners a
notice and a circular convening a general meeting of limited partners
on Thursday, 28 March 2013 in Amsterdam to consider and vote upon the
matters mentioned above.

Further information

For further information please visit www.zhaikmunai.com

Further enquiries

Zhaikmunai LP - Investor Relations
Bruno G. Meere
Kirsty Hamilton-Smith
investor_relations@zhaikmunai.com      + 44 (0) 1624 68 21 79

Pelham Bell Pottinger

Philip Dennis
Elena Dobson                           + 44 (0) 207 861 32 32

About Zhaikmunai

Zhaikmunai is an independent oil and gas enterprise currently engaging
in the exploration and development and production of oil and gas. It is
listed on the London Stock Exchange (Ticker symbol: ZKM). Its principal
producing asset is the Chinarevskoye Field located in northwestern
Kazakhstan. Zhaikmunai L.L.P., a wholly-owned subsidiary of Zhaikmunai
L.P., holds a 100% interest in and is the operator of the Production
Sharing Agreement for the Chinarevskoye Field.

Forward-Looking Statements

Some of the statements in this document are forward-looking.
Forward-looking statements include statements regarding the intent,
belief and current expectations of the Partnership or its officers with
respect to various matters. When used in this document, the
words"expects,""believes,""anticipates,""plans,""may,""will,""should"
and similar expressions, and the negatives thereof, are intended to
identify forward-looking statements. Such statements are not promises
or guarantees, and are subject to risks and uncertainties that could
cause actual outcomes to differ materially from those suggested by any
such statements.

                    This information is provided by RNS
          The company news service from the London Stock Exchange

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