TIDMCSH 
 
RNS Number : 6051L 
Caspian Holdings plc 
14 January 2009 
 

Caspian Holdings Plc 
("Caspian" or the "Company") 
14 January 2009 
 
 
Caspian wins Initial Kazakhstan Court Case 
 
 
Caspian Holdings (AIM:CSH), the oil and gas development company with assets in 
the USA and Kazakhstan announces that the Specialized Regional Economic Court of 
Astana City, Kazakhstan has ruled in favour of Company's wholly owned subsidiary 
Taraz LLP in its recent court case with the judgement setting aside the order of 
the Minister of Energy and Mineral Resources. However, the judgement has been 
appealed by the Ministry of Energy and Mineral Resources and the Prosecutor. The 
appeal is scheduled for 21 January 2009. Caspian and Taraz LLP will strongly 
defend their contract rights and keep the market updated as they have further 
information available. 
 
 
The judgement of the Specialized Regional Economic Court of Astana City, dated 
27 November 2008, stated that: 
 
 
"Based on the article 217221 of Civil Code of the Republic of Kazakhstan, the 
Court decided to satisfy the claim of Taraz LLP and recognize as illegal and 
cancel the Order of the Minister of Energy and Mineral Resources of the Republic 
of Kazakhstan ? 197 of 23rd  July 2008 "About the cancellation in unilaterally 
way of the Contract ? 385 dated 14th December 1999 for production of 
hydrocarbons on the oil field Zhengeldy, block ??IV -13-F (partially) in 
Kysylkuginskij district, Atyrau region due to essential violations of 
obligations, provided by the Contract and by the Work Program - and termination 
of the License AI ? 1533 (oil) of 27 May 1999 for the right for the subsoil use 
in the Republic of Kazakhstan"". 
 
 
In summary the court judgment found that: 
  *  Taraz LLP exceeded its financial contract obligations; 
  *  There are no grounds to claim that field development was unsafe or not rational; 
  and 
  *  The development plan of 3-4 December 2003 remains effective. 
 
 
 
A further announcement of the outcome of the appeal will be made in due course. 
 
 
-Ends- 
 
 
Enquiries: 
 
 
+-----------------------+-------------------+---------------------+ 
| Caspian Holdings      | Grant Thornton    |   Hoodless Brennan  | 
| Plc                   | UK LLP            |                     | 
+-----------------------+-------------------+---------------------+ 
| Michael Masterman     |  Fiona Owen       |   Luke Cairns       | 
+-----------------------+-------------------+---------------------+ 
| T: +44 (0) 7791       | T: +44 (0) 20     | T: +44 (0) 20       | 
| 288381                | 7383 5100         | 7538 1166           | 
+-----------------------+-------------------+---------------------+ 
| www.caspianoil.co.uk  |                   |                     | 
+-----------------------+-------------------+---------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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