RNS Number:0492Q
Urals Energy Public Company Limited
24 January 2007


Urals Energy Public Company Limited
24 January 2007


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


The Company announces that it has been notified of the sale, on 23 January 2007,
of 70,000 shares in the Company by Belding Enterprises Limited ("Belding"). The
shares were sold at a price of 356.25 pence per share, at the request of a
minority shareholder in Belding. Following this sale, Belding's resultant
shareholding in Urals is 8,710,000 shares, equivalent to 7.39 per cent. of the
Company's total shares in issue.

This disclosure is being made as a result of Mr Leonid Dyachenko's majority
ownership of Belding. Mr Dyachenko is a Director of Urals.


                                                                 24 January 2007


Pelham PR
James Henderson        020 7743 6673
Gavin Davis            020 7743 6677


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

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