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Change of Name to Nostrum Oil & Gas LP

AMSTERDAM, THE NETHERLANDS -- (Marketwired) -- 12/11/13 --


                Change of Name to Nostrum Oil & Gas LP
                  New name to replace Zhaikmunai L.P.

Amsterdam, 11 December 2013- Nostrum Oil & Gas LP (LSE: NOG) ("Nostrum
Oil & Gas", or the "Partnership"),the independent oil and gas
exploration and production enterprise with assets in Kazakhstan, today
announces that it has changed its name to Nostrum Oil & Gas LP from
Zhaikmunai L.P. with immediate effect, as announced following its
Special General Meeting ("SGM") of limited partners held on Friday, 29
November 2013.

Nostrum Oil & Gas is a multi-field E&P enterprise currently operating
in north-west Kazakhstan. Its main producing asset is the Chinarevskoye
field located in the northern part of the oil-rich pre-Caspian basin.
Other assets currently include the Rostoshinskoye field, the
Darjinskoye field, and the Yuzhno-Gremyachenskoye field, which are all
located in the vicinity of the Chinarevskoye field and its Gas
Treatment Facility (GTF).

Nostrum Oil & Gas focuses on creating long-term shareholder value
through the discovery and development of oil and gas reserves as well
as the production and sale of crude oil, stabilised condensate, LPG and
dry gas. The Partnership is committed to a long-term strategy of
developing its hydrocarbon fields efficiently, as part of its
environmentally friendly and socially responsible approach.

The change of name reflects the development of the Partnership into a
multi-asset operator, as well as the Partnership's current profile and
strategy of expanding its portfolio of producing assets and pursuing
its growth strategy.

The Partnership's principal operating subsidiary in Kazakhstan will
continue to operate under the name of Zhaikmunai LLP.

The change of name takes place with immediate effect. The Partnership's
ticker has changed to NOG on the London International Exchange (London
Stock Exchange).

The Partnership's corporate headquarters remain unchanged:

Nostrum Oil & Gas LP
Gustav Mahlerplein 23 B
1082 MS Amsterdam
The Netherlands
T: + 31 20 737 2288
F: + 31 20 737 2292
VAT number: NL85 24 53 048 B01
Registration number: KvK 57137668

The website of Nostrum Oil & Gas is: www.nog.co.uk

Further information

For further information please visit www.nog.co.uk

Further enquiries

Nostrum Oil & Gas LP - Investor Relations
Bruno G. Meere
Kirsty Hamilton-Smith
[email protected]                                      + 31 20 737 2288

College Hill - UK                                 + 44 (0) 207 457 2020
David Simonson
Tony Friend
Catherine Wickman
Anca Spiridon

Promo Group Communications - Kazakhstan
Asel Karaulova
Ekaterina Sulema                                 + 7 (727) 264 67 37

Deutsche Bank                                    + 44 (0) 207 545 8000
Ben Lawrence
JM Hafner
Rob Abbott

VTB Capital plc                                  + 44 (0) 203 334 8000
Alexander Metherell
Marcus Brown
Giles Coffey

About Nostrum Oil & Gas
Nostrum Oil & Gas 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: NOG). The principal
producing asset of Nostrum Oil & Gas LP is the Chinarevskoye field, in
which it holds a 100% interest and is the operator, through its
wholly-owned subsidiary Zhaikmunai LLP. In addition, Nostrum Oil & Gas
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
words"expects,""believes,""anticipates,""plans,""may,""will,""should"
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 any
such statements.

Deutsche Bank
Deutsche Bank AG is authorised under German Banking Law (competent
authority: BaFin - Federal Financial Supervisory Authority) and
authorised and subject to limited regulation by the Financial Conduct
Authority (the "FCA"). Details about the extent of Deutsche Bank AG's
authorisation and regulation by the FCA are available on request.

VTB Capital
VTB Capital Plc is authorised by the Prudential Regulation Authority
and regulated by the Financial Conduct Authority and the Prudential
Regulation Authority.



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