Dedication across the board
Annual Report 2012

Governance

Shareholding of Directors and Senior Managers

On 27 March 2008, the Board approved a grant of options pursuant to the Group’s stock option plan (the Plan) in respect of GDRs representing 2.5% of the partnership interests outstanding immediately prior to the admission to listing of the GDRs (being 100,000,000 partnership interests). The Board has subsequently issued certain additional options pursuant to the Plan. As at 31 December 2012 Zhaikmunai LP had granted a total of 3,182,958 options, of which 1,051,235 had been exercised.

As at 31 December 2012 the following directors and senior managers of Group companies (or their associates) held the following options over GDRs representing partnership interests, generally vesting over a five-year period, exercisable either at US $4.00 or US $10.00 per GDR and expiring 10 years from the date of grant, pursuant to the Plan:

Kai-Uwe Kessel 900,974 GDRs
Jan-Ru Muller 120,130 GDRs
Vyacheslav Druzhinin 149,870 GDRs
Thomas Hartnett 300,325 GDRs
Alexei Erber 120,325 GDRs
Jörg Pahl 80,050 GDRs
Heinz Wendel 200,000 GDRs*
Berik Brekeshev 150,000 GDRs
Gudrun Wykrota 100,000 GDRs

In addition, as at 31 December 2012 Mr. Kessel owned 10,000 GDRs and Mr. Everaert owned 12,000 GDRs.