CJSC NAC Kazatomprom (“Kazatomprom”), one of the world's largest uranium producers, has mandated Citigroup Global Markets Limited (“Citigroup”) to act as (i) an exclusive financial advisor in receiving credit ratings from international credit agencies and (ii) sole lead manager of coming debut Eurobond, planned for 2006.

“It is an honor for us to support Kazatomprom in its debut eurobond, having many years of close relations with this company" - said Dan J Connelly, CEO Citibank Kazakhstan, Citigroup subsidiary in Kazakhstan.

“Kazatomprom needed a trusted advisor in its debut rollout in the debt capital markets. We chose Citigroup with whom we have closely worked in the past, including debut syndicated loan successfully co-arranged by Citigroup earlier this year”- - said Mukhtar Dzhakishev, CEO Kazatomprom.

KAZATOMPROM acts as the holding company of a group of uranium producing and processing entities. With 15-16% of the world's lowest cost uranium resources, KAZATOMPROM benefits from a strong competitive edge due to its sizeable reserves and its low production costs. Apart from its own investments in exploration and extraction in its uranium deposits, KAZATOMPROM has set up several joint-ventures with international partners in Europe, Asia and North America.