Investor Presentaiton

Urals Energy Public Company Limited Shares outstanding: Free float: Share price (as of 1/9/06): Market capitalisation: Enterprise value: 2P Oil Reserves: 117.8 (1) 65.6 million (56% of total (2)) £4.525 ($8.61) $1,013.6 million (£532.9 million) $1,051.1 million 225 MMB bls Pro forma Voivozh acquisition: 250 MM Bbls (3) 2P Enterprise value: $4.65 per barrel Notes: 1. 2. 3. Fully-diluted basis 121.6 million shares outstanding. On un diluted basis. Voivozh according to Russian C1-C2 reserves classification. Page 3 URALS ENERGY

View entire presentation