Response To Press Comments

KazakhGold Group Ltd 27 February 2007 February 27, 2007 Response To Press Comments KazakhGold Group Limited (LSE: KZG) notes that two news articles that appeared today on Interfax and Bloomberg contained incorrect references to remarks made to plans by the company to issue equity capital. KazakhGold wishes to clarify that it has no existing plans to issue any new equity. The remarks were made at a Fitch conference in Almaty concerning capital raising alternatives for Kazakhstani companies. As a listed company KazakhGold has ongoing access to both the equity and debt capital markets. These remarks were general in nature, and did not relate to any specific plans of KazakhGold. Further Information: Aidar Assaubayev Ron Marshman/John Greenhalgh Deputy Chief Executive City of London PR Limited KazakhGold Group Limited Tel: +44 (0) 20-7628-5518 Tel: +44 (0) 7770 963107 Website: www.kazakhgold.com This information is provided by RNS The company news service from the London Stock Exchange