Director's Share Dealing

Urals Energy Public Company Limited ("Urals Energy" or the "Company")
Director's Share Dealing

Urals Energy PCL (AIM:UEN), the independent exploration and production company with operations in Russia, is pleased to announce the Company has been notified that Andrew Shrager, Non-Executive Chairman, acquired on 23 January 2013 450,000 ordinary shares of US$0.0063 each in the Company ("Ordinary Shares") at a price of 6.5 pence per Ordinary Share.

Following this purchase Andrew Shrager has a beneficial interest in 525,000 Ordinary Shares in Urals Energy, representing 0.207% of the issued ordinary share capital.

For further information, please contact:
Urals Energy Public Company Limited, Tel: +7 495 795 0300
Alexei Maximov, Chief Executive Officer
Sergey Uzornikov, Chief Financial Officer

Allenby Capital Limited, Tel: +44 (0) 20 3328 5656
Nominated Adviser and Broker
Nick Naylor
Alex Price

Media enquiries:
Abchurch, Tel: +44 (0) 20 7398 7702
Henry Harrison-Topham

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