Urals Energy Plc Regulatory News (UEN)

Urals Energy PCL

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

Litigation update

Urals Energy PCL (AIM:UEN), the independent exploration and production company with operations in Russia, announces an update on its litigation with KNGF.

As announced on 30 January 2015, the Company has won its case against the appeal made by KNGF in the matter of its outstanding loan to KNGF, equivalent to approximately US$500,000. Urals had expected the court in the first instance to issue the order for its collection. However, Urals Energy understands that KNGF has filed a second appeal with the cassation court and submitted a motion to stop enforcement of the debt. Further announcements will be made at the appropriate time.

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