Settlement of Petraco Loan

13 September 2016

Urals Energy PCL ("Urals Energy" or the "Company")
Settlement of Petraco Loan

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR).

Urals Energy (AIM:UEN), the independent exploration and production company with operations in Russia, is pleased to announce, that further to the Company's announcements on 25 May 2016 and 11 August 2016, the loan provided by Petraco Oil Company Limited including accrued interest has now been settled in full.


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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