Publication of Final Terms

The following final terms are available for viewing:

JSC NC "KazMunayGas" U.S.$750,000,000 3.5 per cent. Notes due 2033 under the U.S.$10,500,000,000 Global Medium Term Note Programme.

To view the full document, please paste the following URL into the address bar of your browser:

http://www.rns-pdf.londonstockexchange.com/rns/1068C_1-2020-10-14.pdf

A copy of the Final Terms has been submitted to the National Storage Mechanism and will be available at  www.morningstar.co.uk/uk/NSM .

For further information, please contact: a.beknazarova@kmg.kz

DISCLAIMER - INTENDED ADDRESSEES

Please note that the information contained in this announcement and the Final Terms may be addressed to and/or targeted at persons who are residents of particular countries (specified in the Final Terms) only and is not intended for use and should not be relied upon by any person outside these countries and/or to whom the offer contained in the Final Terms is not addressed. Prior to relying on the information contained in the Final Terms, you must ascertain from the Final Terms whether or not you are part of the intended addressees of the information contained therein.

In particular, this announcement and the Final Terms do not constitute an offer or invitation to subscribe for, or purchase, securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities law of any such jurisdiction. The securities referred to in the announcement and the Final Terms have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act, and the rules and regulations thereunder.  The Issuer does not intend to register any of the securities referred to in the announcement and the Final Terms in the United States or to conduct a public offering of the securities referred to in the announcement and the Final Terms in the United States or elsewhere.

Your right to access this service is conditional upon complying with the above requirement.