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Urals Energy PCL - Result of Extraordinary General Meeting

January 28, 2014

ENP Newswire - 28 January 2014 Release date- 27012014 - Urals Energy PCL (AIM:UEN), the independent exploration and production company with operations in Russia , announces that all of the resolutions put to shareholders at the Extraordinary General Meeting held in Cyprus earlier today, to remove the current Board of Directors were overwhelmingly rejected. Commenting on the result of the EGM, Alexei Maximov , Chief Executive Officer of Urals Energy , said: 'We are pleased that the majority of shareholders have decided to back the Board by resoundingly rejecting all of the resolutions proposed by the requisitioners at this EGM. With this matter now concluded, we hope the Company can move ahead with the full support of all its shareholders and the Board looks forward to updating the market on our operations in due course.' Contact: Urals Energy Public Company Limited Alexei Maximov Chief Executive Officer Sergey Uzornikov Chief Financial Officer Tel: +7 495 795 0300 Allenby Capital Limited Nick Naylor Alex Price Tel: +44 (0) 20 3328 5656

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Source: ENP Newswire

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