Re. Press Speculation

    RNS Number : 2004K
  Urals Energy Public Company Limited
  16 December 2008
   


    Urals Energy Public Company Limited
    (the "Company")


    Re: Press Speculation 

    In response to today's press speculation, the Board of Urals Energy confirms that it continues to consider all strategic options for the
efficient development of its core assets and remains in discussions with third parties regarding these options.

    As previously stated on 5th December 2008, as part of these discussions, the possibility of an offer for the Company has been raised.
However it remains the case that no offer has been made and there can be no certainty that an offer will be made or, if an offer is made,
the level at which such offer may be made. 

    Further announcements will be made in due course.
    
16 December 2008
    Enquiries:
 Pelham PR        
 Evgeniy Chuikov    +44(0)20 3008 5506
 Mark Antelme       +44(0)20 3178 6242




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