UEN Urals EN.

 

TIDMUEN 
 
RNS Number : 3838S 
Urals Energy Public Company Limited 
18 May 2009 
 

Urals Energy Public Company Limited 
("Urals Energy" or the "Company") 
 
 
 
Directorate Change 
 
Urals Energy, an independent oil exploration and production company today 
announces the appointment of Grigory Kazakov as the Company's Chief Financial 
Officer. Mr Kazakov will replace Vladimir Sidorovich with immediate effect, who 
will remain with the Company as a Non-Executive Director. 
 
 
Mr Kazakov was previously Urals' Vice President of Finance and has been with the 
Company since 2005. He has an extensive experience in the financial and oil and 
gas sectors and has held senior positions in PwC's audit and transactions 
practices in Moscow. He will be responsible for the Company's financial 
management and reporting. 
 
 
Further to the announcement made on 29 April 2009, discussions have continued 
between the Company and Sberbank regarding restructuring options beyond the 
previously proposed asset divestitures. While these discussions continue, no 
material progress has yet been made and there can be no guarantee on the outcome 
of these discussions. 
 
 Further updates will be provided in due course 
 
 
Vyacheslav Ivanov, Chief Executive commented: 
 
 
"Grigory is intimately familiar with the company and I am pleased to welcome him 
as our new Chief Financial Officer. His experience in the oil and gas sector 
will be important in assisting Urals in its current operations. I thank Mr 
Sidorovich for his contribution and look forward to his continued assistance as 
a Non-Executive Director." 
 
18 May 2009 
 
 
Enquiries: 
+-------------------------+----------+---------------------------------------+ 
| Pelham PR               |          |                                       | 
+-------------------------+----------+---------------------------------------+ 
| Mark Antelme            |          | +44(0)20 7337 1505                    | 
+-------------------------+----------+---------------------------------------+ 
| Evgeniy Chuikov         |          | +44(0)20 7337 1513                    | 
+-------------------------+----------+---------------------------------------+ 
 
 
 
 
The following information is disclosed pursuant to Schedule 2(g) of the AIM 
Rules: 
 
 
Grigory Kazakov is aged 34 and has no previous names. He has held no other 
directorships in last five years. In respect of Mr Kazakov, there is no other 
information required to be disclosed pursuant to Schedule 2(g) of the AIM Rules. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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