TIDMUEN

RNS Number : 9774Y

Urals Energy Public Company Limited

05 January 2011

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Urals Energy Public Company Limited

2 Reason for the notification:

An acquisition or disposal of voting rights

3. Full name of person(s) subject to the notification obligation:

Alpcot Capital Management Ltd

4. Full name of shareholder(s) (if different from 3.):

Alpcot Capital Management Ltd

5. Date of the transaction and date on which the threshold is crossed or reached:

31 December 2010

6. Date on which issuer notified:

04 January 2011

7. Threshold(s) that is/are crossed or reached:

9%

8. Notified details:

A: Voting rights attached to shares

 
 Class/type of shares 
  if possible using      Situation previous to the triggering 
  the ISIN CODE           transaction 
                                              Number of Voting 
                         Number of Shares      Rights 
                        -------------------  ------------------ 
 CY0000111027            440,000              440,000 
                        -------------------  ------------------ 
 
 
 Class/type 
  of shares 
  if possible 
  using the 
  ISIN CODE      Resulting situation after the triggering transaction 
                 Number of 
                  shares        Number of voting rights   % of voting rights 
                -------------  ------------------------  --------------------- 
                 Direct         Direct        Indirect    Direct    Indirect 
                -------------  ------------  ----------  --------  ----------- 
 CY0000111027    23,498,742     23,498,742    -           9.65%     - 
                -------------  ------------  ----------  --------  -----------

B: Qualifying Financial Instruments

 
 Resulting situation after the triggering transaction 
 Type of financial   Expiration   Exercise/     Number of voting   % of voting 
  instrument          date         Conversion   rights that may     rights 
                                   Period       be acquired if 
                                                the instrument 
                                                is exercised/ 
                                                converted. 
                    -----------  ------------  -----------------  ------------ 
 -                   -            -             -                  - 
                    -----------  ------------  -----------------  ------------

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

 
 Resulting situation after the triggering transaction 
 Type of      Exercise   Expiration   Exercise/    Number of    % of voting 
 financial     price      date        Conversion   voting        rights 
 instrument                           period       rights 
                                                   instrument 
                                                   refers to 
             ---------  -----------  -----------  -----------  ---------------- 
                                                                Nominal   Delta 
             ---------  -----------  -----------  -----------  --------  ------ 
 -            -          -            -            -            -         - 
             ---------  -----------  -----------  -----------  --------  ------

Total (A+B+C)

 
 Number of voting rights   Percentage of voting rights 
 23,498,742                9.65% 
                          ----------------------------

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

Alpcot Active SICAV- 2,882,343 (No. of voting rights) 1.18% (% of total voting rights)

Schroder & Co Bank AG- 20,616,399 (No. of voting rights) 8.47% (% of total voting rights)

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:

14. Contact name:

Bjorn Lindstrom

15. Contact telephone number:

+44 (0)20 7518 0532

This information is provided by RNS

The company news service from the London Stock Exchange

END

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