Notice of EGM

Urals Energy PCL

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

Notice of Extraordinary General Meeting

Urals Energy PCL (AIM:UEN), the independent exploration and production company with operations in Russia, announces a notice of an extraordinary general meeting of the Company ("EGM"), to be held at 11.00 a.m. (Cyprus time) on Thursday, 23 April 2015 at the registered office of the Company at Evagoras Building, Office 34, 3rd floor, 31 Evagorou Avenue, Nicosia, CY-1066, Cyprus. The Notice of EGM will be posted to shareholders shortly. The purpose of the meeting is to seek shareholder approval for, inter alia, the financial statements of the Company for the year ended 31 December 2013, published on 27 June 2014, which could not presented for approval at the Annual General Meeting of the Company for the year 2014, held on 14 March 2014. The accounts for the year to 31 December 2014 are expected to be published in June and an Annual General Meeting will be held later in 2014 to approve these accounts.

Copies of the Notice of EGM, along with the Form of Proxy and Form of Instruction, will be made available shortly on the Company's website (www.uralsenergy.com).

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