Director dealing

Urals Energy PCL

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

Director dealing

Urals Energy PCL (AIM:UEN), the independent exploration and production company with operations in Russia, announces that the Company has today been notified that Andrew Shrager, Non-Executive Chairman, today acquired 350,000 ordinary shares of US$0.0063 each in the Company ("Ordinary Shares"), at a price of 2.8 pence per Ordinary Share.  This acquisition of Ordinary Shares was made via Hillsilk Limited, a company that is controlled by Andrew Shrager.

Following this purchase Andrew Shrager has a total beneficial interest in 2,090,500 Ordinary Shares in Urals Energy, representing 0.83% of the Company's issued ordinary share capital.

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