Holdings in Company

RNS Number:2205W
Urals Energy Public Company Limited
08 May 2007

                      Urals Energy Public Company Limited





                              Holdings in Company


TR-1:                            NOTIFICATION OF MAJOR INTEREST IN SHARES



1. Identity of the issuer or the underlying                 Urals Energy Public Company Limited
issuer of existing shares to which voting rights
are attached:

                                                                       Sedol BOFHR59
2. Reason for the Notification -(please tick the appropriate box or boxes)


An acquisition or disposal of voting rights                                 (X)


An acquisition or disposal of financial instruments which may result in the acquisition of
shares already issued to which voting rights are attached


An event changing the breakdown of voting rights


Other (please specify):


3. Full name of person(s) subject to the          Lansdowne Partners Limited being the General Partner of
notification obligation:                                   Lansdowne Partner Limited Partnership



                                                             Lansdowne UK Equity Fund Limited



                                                         Lansdowne Partners International Limited
4. Full name of shareholder(s) (if different                       Morstan Nominees Ltd
from 3.):
                                                                 (Registered Shareholder)

5. Date of the transaction (and date on which                            2/5/2007
the threshold is crossed or reached if
different):


6. Date on which issuer notified:                                        4/5/2007


7. Threshold(s) that is/are crossed or reached                              6%


8. Notified details:




A: Voting rights attached to shares
Class/type of shares  Situation previous to the  Resulting situation after the triggering transaction
                      Triggering transaction


If possible using the Number of    Number of     Number of     Number of voting rights % of voting rights
ISIN CODE             Shares       Voting Rights shares
                                                 Direct        Direct x     Indirect
                                                                            xi
Ordinary Shares       7,050,000    7,050,000     0             0            7,720,000  0.0%      6.46%*






B: Financial Instruments


Resulting situation after the triggering transaction
Type of financial  Expiration date    Exercise /          Number of voting    % of voting rights
instrument                            Conversion Period / rights that may be
                                      Date                acquired if the
                                                          instrument is
                                                          exercised /
                                                          converted.
N/A


Total (A+B)


Number of voting rights                          % of voting rights


7,720,000                                        6.46%*




9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively
held, if applicable:


Lansdowne Partners International Limited is the parent undertaking of Lansdowne Partners Limited.




Proxy Voting


10. Name of the proxy holder:                                       Lansdowne Partners Limited


11. Number of voting rights proxy holder will cease to hold:        N/A


12. Date on which proxy holder will cease to hold voting rights:    N/A




13. Additional information:                       Lansdowne Partners Limited being the General Partner of
                                                  Lansdowne Partners Limited Partnership ('LPLP') controls
                                                  7,720,000 voting rights representing 6.46%



                                                  Lansdowne UK Equity Fund Limited owns 7,349,099 voting rights
                                                  representing 6.15%*



                                                  The balancing 0.31%* of shares is held on behalf other
                                                  clients funds managed by LPLP



* The stated percentage of voting rights as of today represents the new total
number of issued shares adjusted as per announcement regarding Director
Shareholding on 1st May 2007.






Enquiries:                                                            8 May 2007


Urals Energy                                                        [phone]

Pelham PR
James Henderson                   [phone]                [phone]
Gavin Davis                       [phone]               [phone]




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

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