Eurasia Drilling Company Limited : Management Share Dealing Notification

News Release

Management Share Dealing Notification

MOSCOW, January 15, 2013 - Eurasia Drilling Company Limited ("EDC" or the "Company" - LSE: EDCL),the leading onshore and offshore drilling service provider in the CIS,has been notified that W. Richard Anderson, Chief Financial Officer of EDC, sold 99,927 GDRs of the Company at an average price of USD 34.48 per GDR between January 2, 2013 to January 9, 2013.

Mr. Anderson has sold the GDR's pursuant to the requirements of his pending divorce settlement. After this transaction, Mr. Anderson's total holdings in the Company amount to 2,000 GDRs (equivalent to 2,000 common shares), representing less than 1% of the Issued and Outstanding Shares of the Company.

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EDC is the largest provider of onshore drilling services in Russia, as measured by the number of meters drilled, providing onshore integrated well construction services and workover services.  In addition, the Company provides offshore drilling services in the Caspian Sea.  The Company offers its onshore integrated well construction services and workover services to local and international oil and gas companies primarily in Russia and its offshore drilling services to Russian and international oil and gas companies in the Russian, Kazakh and Turkmen sectors of the Caspian Sea.    The Company is traded on the London Stock Exchange under the symbol "EDCL".

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For further information, please contact:

Kim L. Kruschwitz, VP Investor Relations

[phone]

[e-mail]

Hudson Sandler

Andrew Hayes/ Maria Ignatova

[phone] 

January 15, 2013

Some of the views expressed in this document may constitute "forward looking statements" that involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.