Notification of Major Interest in Shares (7389A)

TIDMUEN

RNS Number : 7389A

Urals Energy Public Company Limited

03 April 2012

Urals Energy Public Company Limited

("Urals Energy" or the "Company")

Notification of Major Interest in Shares

Urals Energy, the Russian focused oil & gas exploration and production company, announces that on 2 April 2012 it received notification from VTB Capital PLC ("VTB") that on 29 March 2012 VTB acquired 13,000,000 ordinary shares in the Company (equivalent to 5.15% of the ordinary shares and voting rights in the Company). In addition, on the same day Urals Energy received notification that on 30 March 2012 VTB disposed of 13,000,000 ordinary shares in the Company taking VTB's interest to below reportable thresholds. The Company understands from VTB that the ordinary shares were held overnight by VTB as part of a brokerage transaction.

In addition, on 3 April 2012 the Company received notification that on 30 March 2012 Alpcot Capital Management Ltd acquired 13,385,000 ordinary shares in the Company bringing their total holding in Urals to 44,256,742 ordinary shares (equivalent to 17.53% of the shares and voting rights in the Company).

Enquiries:

 
Urals Energy Public Company Limited   +7 495 795 03 00 
Alexei Maximov 
Sergey Uzornikov 
 
 Allenby Capital Limited               +44 (0)20 3328 5656 
Nick Naylor 
 Alex Price 
 
Pelham Bell Pottinger                 +44 (0)20 7861 3232 
Mark Antelme 
Maria Blank

This information is provided by RNS

The company news service from the London Stock Exchange

END

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