Eurasian Natural Res - Changes to Board Committees

10 August 2012

Eurasian Natural Resources Corporation PLC

Changes to Board Committees

London - Eurasian Natural Resources Corporation PLC ('ENRC' or, together with its subsidiaries, the 'Group'), today announces changes to the composition of its Board committees with immediate effect. The Board is mindful of the need to ensure the refreshing of committees in order to best assist the Board in the effective administration and operation of the Group. These changes also reflect the addition of Richard Burrows and Mohsen Khalil to the Board in June this year. This announcement is in line with Listing Rule 9.6.11R (3).

Following the recommendation of the Nomination and Corporate Governance Committee, the Board has agreed that Gerhard Amann and Mehmet Dalman should stand down as Chairman of the Audit and Investment Committees respectively, that Terence Wilkinson assumes the chair of the Audit Committee, and Gerhard Ammann of the Investment Committee.

Mehmet Dalman, Chairman of ENRC, said "These changes reflect our commitment to continually improve the quality and the decision making of our Board and we have had an extremely productive meeting over the past few days. We are fully committed to a strong and independent Board, one that is value-focused and adheres to the highest standards of corporate responsibility and governance. The Board continues to assess options to best unlock value for shareholders, including demerging of the international operations of the Group. In this regard, the Board is being independently advised by Lazard. We will update the market once the review process has been completed."

The composition of Board Committees is now as follows:

Audit Committee	Terence Wilkinson (Chairman) Richard Burrows Sir Paul Judge Roderick Thompson
Health (Euronext: IXSHL.NX - news) , Safety, Environment and Community Committee	Felix Vulis (Chairman) Dieter Ameling Gerhard Ammann Marat Beketayev Richard Burrows Zaure Zaurbekova
Investment Committee	Gerhard Amman (Chairman) Marat Beketayev Jim Cochrane Mohsen Khalil Roderick Thompson Zaure Zaurbekova
Nomination and Corporate Governance Committee	Mehmet Dalman (Chairman) Marat Beketayev Mohsen Khalil Roderick Thompson Felix Vulis Terence Wilkinson
Remuneration Committee	Paul Judge (Chairman) Richard Burrows Roderick Thompson Terence Wilkinson

-ENDS-

For further information, please contact:

ENRC: Investor Relations
Mounissa Chodieva	+44 (0) 20 7389 1879
Charles Pemberton	+44 (0) 20 7104 4015
Alexandra Leahu	+44 (0) 20 7104 4134

ENRC: Press Relations
Julia Kalcheva	+44 (0) 20 7389 1861
M: Communications (Press Relations Advisor to ENRC):
Hugh Morrison	+44 (0) 20 7920 2334
Charlotte Kirkham	+44 (0) 20 7920 2331
Andrew Benbow	+44 (0) 20 7920 2344

About ENRC

ENRC is a leading diversified natural resources group, performing integrated mining, processing, energy, logistics and marketing operations. The operations comprise: the mining and processing of chrome, manganese and iron ore; the smelting of ferroalloys; the production of iron ore concentrate and pellet; the mining and processing of bauxite for the extraction of alumina and the production of aluminium; the production of copper and cobalt; coal extraction and electricity generation; and the transportation and sales of the Group's products. The Group's production assets are largely located in the Republic of Kazakhstan; other assets, notably the Other Non-ferrous Division, are mainly located in Africa; the Group also has iron ore assets in Brazil. The Group's entities in 2011 employed on average 77,441 (2010: 74,098) people. The Group currently sells the majority of its products to Russia, China, Japan (EUREX: FMJP.EX - news) , Western Europe and the United States. For the twelve months ended December 31 2011, the Group had revenue of US$7,705 million (2010: US$6,605 million) and profit attributable to equity holders of the Company of US$1,974 million (2010: US$2,185 million). ENRC has six operating Divisions: Ferroalloys, Iron Ore, Alumina (Hamburg: WMC1.HM - news) and Aluminium, Other Non-ferrous, Energy (NYSEArca: JJE - news) and Logistics. ENRC is a UK company with its registered office in London. ENRC's shares are quoted on the London Stock Exchange (LSE: LSE.L - news) ('LSE') and the Kazakhstan Stock Exchange ('KASE'). For more information on ENRC visit the Group's website at www.enrc.com.

Forward-looking Statements

This announcement includes statements that are, or may be deemed to be, 'forward-looking statements'. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms 'believes', 'estimates', 'plans', 'projects', 'anticipates', 'expects', 'intends', 'may', 'will', or 'should' or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. These forward-looking statements include matters that are not historical facts or are statements regarding the Group's intentions, beliefs or current expectations concerning, among other things, the Group's results of operations, financial condition, liquidity, prospects, growth, strategies, and the industries in which the Group operates. Forward-looking statements are based on current plans, estimates and projections, and therefore too much reliance should not be placed upon them. Such statements are subject to risks and uncertainties, most of which are difficult to predict and generally beyond the Group's control. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances. The Group cautions you that forward-looking statements are not guarantees of future performance and that if risks and uncertainties materialise, or if the assumptions underlying any of these statements prove incorrect, the Group's actual results of operations, financial condition and liquidity and the development of the industry in which the Group operates may materially differ from those made in, or suggested by, the forward-looking statements contained in this announcement. In addition, even if the Group's results of operations, financial condition and liquidity and the development of the industry in which the Group operates are consistent with the forward-looking statements contained in this announcement, those results or developments may not be indicative of results or developments in future periods. A number of factors could cause results and developments to differ materially from those expressed or implied by the forward-looking statements including, without limitation, general economic and business conditions, industry trends, competition, commodity prices, changes in regulation, currency fluctuations, changes in business strategy, political and economic uncertainty. Subject to the requirements of the Prospectus Rules, the Disclosure and Transparency Rules and the Listing Rules or any applicable law or regulation, the Group expressly disclaims any obligation or undertaking publicly to review or confirm analysts' expectations or estimates or to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any changes in the Group's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Nothing in this announcement should be construed as a profit forecast. The forward looking statements contained in this document speak only as at the date of this document.

A copy of this announcement will be available on ENRC's website at www.enrc.com.

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