Award of Restricted Stock

26 Jan 2007 10:26

Urals Energy Public Company Limited26 January 2007 Urals Energy Public Company Limited26 January 2007 Urals Energy Public Company Limited ("Urals Energy" or the "Company") Award of Restricted Stock to Directors and Key Personnel Urals Energy announces that on 25 January 2007, the Compensation Committee ofthe Board of Directors confirmed awards of restricted stock to Directors andcertain key personnel of the Company and its subsidiaries, as follows: Directors No. of Shares L. Y. Dyachenko 403,834C. J. Pitman 77,426W. R. Thomas 430,144 In addition, a total of 1,436,394 shares have been awarded to fourteen other keypersonnel. The awards of stock are fully restricted at the outset so that no recipients'shares are vested until the earliest of 1 January, 2008, assuming the person isstill associated with the Company, and thereafter vesting periods are spreadover three years. The awards were made pursuant to the authority granted to the CompensationCommittee and in line with the Company's stated intention to grant shares of theCompany pursuant to an incentive program adopted by the Directors and theCompensation Committee. Enquiries: Pelham PRJames Henderson 020 7743 6673Evgeniy Chuikov 020 3008 5506 This information is provided by RNS The company news service from the London Stock Exchange