UEN Urals EN.

RNS Number:7192P
Morgan Stanley Securities Limited
04 August 2005





                                                                   4 August 2005


The London Stock Exchange
10 Paternoster Square
London, EC4M 7LS


Dear Sirs

Urals Energy Public Company Limited - Offering of 26,667,000 shares with par
value of 0.25 Cyprus pence plus over-allotment option of up to 4,000,050
additional shares


Stabilisation Notice


Pursuant to Core Dealing Rule 3060-3061, Morgan Stanley Securities Limited
hereby notifies the London Stock Exchange that it and its affiliates may
stabilise the offering of shares in Urals Energy Public Company Limited


1.  Security to be stabilised: Urals Energy Public Company Limited;

2.  Security Identifier:  CY0000111027

3.  Stabilising Manager:  Morgan Stanley Securities Limited (a member firm)
    (Contact - Henrik Gobel 020-7425-9069);

4.  Stabilisation period commences: 4 August 2005 at 8.00am London time

5.  Stabilisation period ends: Close of business on 2 September 2005

6.  Offer price: 240 pence per share was determined and announced at
    approximately 7.00am London time on 4 August 2005

7.  Associated securities being stabilised: None


Yours faithfully




MORGAN STANLEY SECURITIES LIMITED







                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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