Director/PDMR Shareholding

06 July 2016

Urals Energy PCL ("Urals Energy" or the "Company")
Director/PDMR Shareholding

The Board of Urals Energy PCL (AIM:UEN), the independent exploration and production company with operations in Russia, announces that it was informed yesterday that Andrew Shrager, Non-Executive Chairman, purchased 200,000 ordinary shares of US$0.0063 each in the Company ("Ordinary Shares") on 4 July 2016, at a price of 1.85 pence per Ordinary Share. This purchase of Ordinary Shares was made via Hillsilk Limited, a company that is controlled by Andrew Shrager.

Following this purchase, Andrew Shrager has a total beneficial interest in 2,540,500 Ordinary Shares in Urals Energy, representing 1.01% of the Company's issued ordinary share capital.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Andrew Shrager
2 Reason for the notification
a) Position/status Director, Non-Executive Chairman
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Urals Energy PCL
b) LEI (Pending)
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument Identification code Ordinary shares of US$0.0063 each in Urals Energy PCL Identification code (ISIN) for Urals Energy PCL ordinary shares: CY0000111027
b) Nature of the transaction Purchase of shares.  The purchase of shares was made via Hillsilk Limited, a company that is controlled by Andrew Shrager.
c) Price(s) and volume(s)
 Price(s) Volume(s)
1.85 pence per ordinary share 200,000 ordinary shares purchased
d) Aggregated information - Aggregated volume - Price N/A
e) Date of the transaction 4 July 2016
f) Place of the transaction London Stock Exchange, AIM


For further information, please contact:

Urals Energy Public Company Limited
Andrew Shrager, Chairman
Leonid Dyachenko, Interim Chief Executive Officer
Tel: +7 495 795 0300,

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


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