News: KPC Kazakhstan Potash Updates On Zhilyanskoye Project

Aug 4 (Reuters) - Kazakhstan Potash Corp Ltd (KPC) :

• GOT LETTER FROM MINISTRY OF INDUSTRY AND INFRASTRUCTURE DEVELOPMENT ON KPC'S ZHILYANSKOYE PROJECT IN KAZAKHSTAN
• PRUDENT TO TREAT ZHILYANSKOYE PROJECT AS IMPAIRED UNTIL SUCH TIME AS ISSUE WITH MIID RESOLVES
• MIID INFORMED KPC THAT TRANSITION TO MINING UNDER SUBSOIL USE CONTRACT HAS NOT PROCEEDED
• IMPAIRMENT WILL BE REFLECTED IN FINANCIAL ACCOUNTS OF 2019 ANNUAL REPORT
• WHILE KPC BELIEVES THAT APPROACH WILL RESULT IN MIID WITHDRAWING ITS REQUEST, THERE CAN BE NO GUARANTEE