94DU Places Tr 34

TIDM94DU TIDM94DV

RNS Number : 6483Y

JSC National Atomic Co. Kazatomprom

29 December 2010

December 29, 2010 Aktau

PRESS-RELEASE RE FACILITY AGREEMENTS

JSC NAC Kazatomprom, its subsidiary company MAEC-Kazatomprom LLP and Natixis bank have signed two facility agreements for the total amount of USD 32 mln. for 11.5 years (including 2 years grace period). This facility is covered by the French state export credit agency COFACE and is to be used for supply of two desalination units (Horizontal Tube Film Evaporator - 2 and 3).

The supplier is an international consortium of French company SIDEM and GMMOS-Kazakhstan. Kazakhstan company registered in Aktau in 2004 will produce about 30% of works and equipment at place.

Totally the construction will take 36 months from the moment of financing. The first desalination unit, with the capacity of 12,000 tons distillate per day, will be installed and out into operation by the end of 2012, the second one - by the end of 2013.

The French desalination units provide 30% of economic effectiveness in comparison with the equipment s of other manufacturers due to longer useful economic life. for the used materials The warranty period is 30 years - the casing of the unit is made of duplex steel and tubes are made of titanium and brass - a warranty for 30 years are issued. The second advantage is low-cost operation of the units - due to smaller specific electricity consumption and due to smaller consumption of antiscale agent and sulphaminic acid for tubes washing, saving amounts about USD 250 thousand per year.

For reference:

There are just a few fresh water sources at Mangyshlac Peninsula. Therefore, the commissioning of the new desalination units is essential and is of high priority in the development of the region. Nowadays, MAEC-Kazatomprom is operating 6 desalinators, but 5 units out of them have already run out of the designed 20 year service life. In order to avoid deficit of fresh water MAEC-Kazatomprom implements the program of putting new desalination units into operation. In 2008, the DDU-12 Israeli Unit was constructed there with the capacity of 12000 tons of distillate per day.

MAEC-Kazatomprom LLP is a diversified enterprise supplying the region with electric energy, heat, drinking, hot and technical water. Production technique is based on desalination of Caspian water. Initially MAEC was designed and built as a unified complex including heat power plants, distillation desalination units and fast breeder reactor BN-350 (currently being decommissioned). Beginning from 2003 it forms the part of Kazatomprom. 25 subdivisions with staff consisting generally more than 4 thousand people are operating this industrial complex.

www.maek.kz

JSC NAC KAZATOMPROM is a national operator of the Republic of Kazakhstan for import and export of uranium and its compounds, rare metals, nuclear fuel for nuclear power plants, special equipment, technologies and dual-use materials. The Company's main activities include geological exploration, uranium production, output of nuclear fuel cycle products, construction of reactors and nuclear power plants, non-ferrous metallurgy and production of construction materials, power industry, science, social welfare and personnel training. At present, over 23 554 people are employed by the Company. Kazatomprom is one of the top uranium world producers.

www.kazatomprom.kz

Contact details for investors (Eurobonds):

Meirzhan Yussupov

Head of Treasury

el:. +7 /727/ 258 39 05

el../Fax: +7 /727/ 250 35 41

e-mail: myussupov@kazatomprom.kz

Meruyert Bekturganova

Treasury

el:. +7 /727/ 258 39 05

el../Fax: +7 /727/ 250 35 41

e-mail: mbekturganova@kazatomprom.kz

This information is provided by RNS

The company news service from the London Stock Exchange

END

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