UEN Urals EN.

 

TIDMUEN 
 
RNS Number : 7248W 
Urals Energy Public Company Limited 
03 August 2009 
 

Urals Energy Public Company Limited 
 
 
("Urals Energy" or the "Company") 
 
 
 
 
Dulisma Divestiture 
 
 
 
 
Urals Energy today announces the signing of the divestiture agreement with 
Sberbank regarding the Company's wholly owned subsidiary ZAO NK Dulisma 
("Dulisma"). 
 
 
Under the agreement Urals Energy is divesting 100% of Dulisma to OOO Sberbank 
Capital, a wholly owned subsidiary of OAO Sberbank for the full discharge of 
$130 million loan and partial discharge of a US$500million loan. 
 
 
The Company continues to progress its work with Sberbank over the settlement of 
the remaining portion of the US$500million loan in relation to the Company's 
acquisition of the 35% stake in Taas Yuriakh which is subject to regulatory 
clearances and certain third party actions. As announced on 24 July 2009, the 
Company is also working towards the publication of the Annual Accounts and 
appointment of a new Nominated Adviser. 
 
 
Further announcements will be made in due course. 
 
 
 
 
3 August, 2009 
 
 
Enquiries: 
Pelham                                      +44(0)20 7337 1500 
Mark Antelme 
Evgeniy Chuikov 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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