Cooperation (1576H)

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RNS Number : 1576H

JSC National Atomic Co. Kazatomprom

24 May 2011

May 24, 2011 Berlin

PRESS-RELEASE

Kazatomprom and German Chemieanlagenbau Chemnitz GmbH

entered into Memorandum on cooperation.

Mr.Vladimir Shkolnik, Chairman of the Board, NAC Kazatomprom JSC is taking part in Kazakhstan-German Economic Forum "Impulses for Economic Cooperation".

Representatives of industrial and financial sector of Germany and Kazakhstan are participating in the Forum which is held today, on May 24, 2011, in Berlin (Germany).

The Forum was opened by Mr. Philipp Rosler, Vice-Chancellor of Germany, Federal Minister of Economics and Technology and Mr. Aset Isekeshev, Deputy Prime Minister, Minister of Industry and New Technologies of the Republic of Kazakhstan.

Chairman of the Board of NAC Kazatomprom presented a paper on priorities of Kazakhstan-German cooperation in new areas of Kazatomprom's activity.

Vladimir Shkolnik told about innovations in resources' provision of production of uranium and rare metals, introduced a new technology of sulphuric acid production to the Forum participants.

The report gave a significant attention to the advanced project on processing of saline solution obtained as a result of water demineralization at MAEK-Kazatomprom LLP. This trend shall become one the important segments in development of chemical cluster based in Aktau. Reprocessing of saline solutions of desalination plants will result in getting a wide range of products, which are claimed at gas and oil production facilities, mining and conversion facilities. In particular, hydrogen peroxide, which is an essential component in uranium and gold production process, shall become one of such reagents.

In the framework of the Forum Kazatomprom and German Chemieanlagenbau Chemnitz GmbH signed the Memorandum, specifying the terms of cooperation on establishment of joint Kazakhstan-German global level innovations, breakthrough technologies and new knowledge-intensive production facilities in nuclear, chemical and metallurgical industries of Kazakhstan, Germany and other countries.

The document defined 9 specific projects among which are the following: construction of pilot facilities for production of hydrogen chloride, sodium cyanide, chloride, calcium hypochlorite and other chemical products.

The Memorandum is intended to form and systematize a competitive market of technologies in the Republic of Kazakhstan.

NAC Kazatomprom is the national operator of the Republic of Kazakhstan for export of uranium and its compounds, rare metals, nuclear fuel for nuclear power plants, special purpose equipment, technologies and double-use materials. The main activities of the company are: geological exploration, uranium production, manufacture of nuclear fuel cycle products, reactor construction, nuclear power plants, production of construction materials, the electric energy sector, scientific support of production and social welfare and training of personnel. Today Kazatomprom has more than 23,000 employees and is amongst the leading uranium producing companies in the world.

www.kazatomprom.kz

Contact details for investors (Eurobonds):

Meirzhan Yussupov

Head of Treasury

el:. +7 /727/ 258 39 05

el../Fax: [phone]

e-mail: [e-mail]

Meruyert Bekturganova

Treasury

el:. +7 /727/ 258 39 05

el../Fax: [phone]

e-mail: [e-mail]

Chemieanlagenbau Chemnitz GmbH (Chemnitz, Germany) operates as an engineering company with more than 40 years of the world market experience, including construction of complex chemical plants on the territory of Russia, Kazakhstan, Ukraine, Uzbekistan and other CIS countries. In Kazakhstan this company carried out such orders as oil treatment facilities in Kalamkas, gas-turbine power plant (90 MWt) for MangistauMunaiGaz, production of infusion solutions in Almay and etc.

This information is provided by RNS

The company news service from the London Stock Exchange

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