Urals Energy Public Company Limited Completion of acquisition (8795I)

TIDMUEN

RNS Number : 8795I

Urals Energy Public Company Limited

05 September 2016

5 September 2016

Urals Energy PCL

("Urals Energy" or the "Company")

Completion of acquisition

Further to the announcement made on 23 August 2016, Urals Energy (AIM:UEN), the independent exploration and production company with operations in Russia, is pleased to confirm that the acquisition of the entire share capital of Arctic Oil Company Limited ("ANK") from JSC ArcticMorNefteGazRazvedka ("AMNGR") has completed. The consideration for this acquisition remains as disclosed in the Company's announcement of 23 August 2016.

- Ends -

For further information, please contact:

Urals Energy Public Company Limited

   Andrew Shrager, Chairman                                                  Tel: +7 495 795 0300 
   Leonid Dyachenko, Interim Chief Executive Officer             www.uralsenergy.com

Allenby Capital Limited

Nominated Adviser and Broker

Nick Naylor Tel: +44 (0) 20 3328 5656

Alex Brearley www.allenbycapital.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

ACQUUUNRNKAKRAR

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September 05, 2016 02:00 ET (06:00 GMT)

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