Re Moscow office

Urals Energy PCL

(''Urals Energy'' or the ''Company'')

Re Moscow office

Urals Energy (AIM:UEN), the independent exploration and production company with operations in Russia, announces that its Moscow office was visited by police officers towards the end of last week. During the visit a number of files were removed. The directors of Urals Energy ("the Board") believe that the visit may be related to the requisitioned EGM (which is scheduled to be held on Monday 27 January 2014), the loan due from Mr. Vyatcheslav Rovneiko (as confirmed by a Court of Arbitration in London in 2012) and the alleged debt repayment agreement against the Company (details of which were announced on 23 October 2013). As previously announced, the Board has no reason to believe that the alleged debt repayment agreement is genuine and the Board notes that date for repayment of the amount concerned, being US$41,652,000, was 15 December 2013.

Further announcements will be made upon further information relating to the visit being forthcoming.

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