Update re Disposal and Financing Arrangements

 

TIDMUEN 
 
RNS Number : 9693L 
Urals Energy Public Company Limited 
21 January 2009 
 

Urals Energy Public Company Limited 
 
 
('Urals Energy' or the 'Company') 
 
 
 
Update re Disposal and Financing Arrangements 
 
 
 
As previously announced, Urals Energy is finalising details of the arrangements 
for the disposal of its shares in ZAO Dulisma and Taas Yuriakh to Sberbank or an 
affiliate, in discharge of its loan obligations to Sberbank. 
 
Also the Company has agreed a short term working capital facility (the 
"Facility") with a third party required for the Company to maintain production 
at Arcticneft and Petrosakh and meet some other financial obligations. The 
Facility is conditional upon approval of the disposal arrangements at the 
Company's EGM scheduled for 10am on 26 January 2009. 
 
Further announcements will be made in due course. 
 
 
 
 
 
 
21 January 2009 
Enquiries: 
 
 
+-------------------------+---------+---------------------------------------+ 
| Pelham PR               |         |                                       | 
+-------------------------+---------+---------------------------------------+ 
| Evgeniy Chuikov         |         | [phone]                    | 
+-------------------------+---------+---------------------------------------+ 
| Mark Antelme            |         | [phone]                    | 
+-------------------------+---------+---------------------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCUROBRKRRAUAR