RNS Number:6884D
Morgan Stanley Securities Limited
26 May 2006


                                                                     26 May 2006

The London Stock Exchange
10 Paternoster Square
London, EC4M 7LS

Dear Sirs

Urals Energy Public Company Limited - Offering of 28,262,706 shares plus
over-allotment option of up to 2,826,270 additional shares

Stabilisation Notice

Pursuant to Core Dealing Rule 3060-3061, Morgan Stanley Securities Limited
hereby notifies the London Stock Exchange that it and its affiliates may
stabilise the offering of shares in Urals Energy Public Company Limited

1.      Security to be stabilised: Urals Energy Public Company Limited;
2.      Security Identifier:  CY0000111027
3.      Stabilising Manager:  Morgan Stanley Securities Limited (a member firm)
        (Contact - Henrik Gobel 020-7425-9069);
4.      Stabilisation period commences: 26 May 2006 at 3.30pm London time
5.      Stabilisation period ends: Close of business on 25 June 2006
6.      Offer price: 360 pence per share was determined and announced at
        approximately 3.15pm London time on 26 May 2006
7.      Associated securities being stabilised: None

Yours faithfully

MORGAN STANLEY SECURITIES LIMITED



                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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