AMSTERDAM, THE NETHERLANDS--(Marketwired - May 29, 2013) -

                Zhaikmunai Board of Directors Recommends a
                 Distribution of US$ 0.34 per Common Unit

Amsterdam, 29 May 2013. Zhaikmunai L.P. (LSE: ZKM) ("Zhaikmunai" or
the "Partnership") the oil and gas exploration and production
enterprise with assets in north-western Kazakhstan, announces that at
its meeting held on 23 May 2013 in Amsterdam, the Board of Directors of
Zhaikmunai Group Limited, the General Partner of the Partnership, has
recommended that a distribution of US$ 0.34 per common unit be made by
the Partnership to the holders of common units, amounting to a total
distribution of US$ 63,982,206.

The distribution is subject to approval by the limited partners of the
Partnership at the Annual General Meeting to be held on 28 June 2013.
Subject to such approval, the distribution will be paid out on a date
prior to 30 September 2013 that is to be announced by the General

Further information

For further information please visit 

Further enquiries

Zhaikmunai LP - Investor Relations
Bruno G. Meere
Kirsty Hamilton-Smith   + 31 20 737 2288

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 production, development and exploration of oil and gas in
north-western Kazakhstan. Its Global Depositary Receipts (GDRs) are
listed on the London Stock Exchange (Ticker symbol: ZKM). Zhaikmunai's
principal producing asset is the Chinarevskoye field, in which it holds
a 100% interest and is the operator, through its wholly-owned
subsidiary Zhaikmunai LLP. In addition, Zhaikmunai holds a 100%
interest in and is the operator of the Rostoshinskoye, Darinskoye and
Yuzhno-Gremyachenskoye oil and gas fields. Located in the pre-Caspian
basin to the north-west of Uralsk, these exploration and development
fields are approximately 60 and 120 kilometres respectively from 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
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 anysuch

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