RNS Number:8404N
Urals Energy Public Company Limited
12 February 2008



                      Urals Energy Public Company Limited

                                ("Urals Energy")



                      Application for Admission of Shares



Urals Energy announces that application has been made to AIM for the admission
to trading of 1,380,509 new ordinary shares (the "Shares"). The Shares have been
issued in connection with the exercise of certain options and the vesting of
restricted stock.  Of the above total Shares, certain of the Directors of Urals
Energy were issued Shares as a result of reaching vesting periods under prior
restricted stock grants as follows:

Lyonid Dyachenko      134,611 Shares

Alexey Ogarev          57,353 Shares

Charles Pitman         25,809 Shares



All of the Shares are expected to be admitted to trading on 18 February 2008.





                                                                12 February 2008

Enquiries:
Pelham PR
Gavin Davis                              +44(0)20 7743 6677 / +44(0)7910 104 660
Evgeniy Chuikov                          +44(0)20 3008 5506 / +44(0)7894 608 606






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

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