NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

29 January 2016

EURASIA DRILLING COMPANY LIMITED

UPDATE ON DISSENTERS PURSUANT TO MERGER

Eurasia Drilling Company Limited (the 'Company') announces that, to date, it has reached a settlement with a number of its former GDR holders (previously holding a total of 2,349,199 GDRs in the Company) who had officially objected to the Company's recent merger. Such former GDR holders have agreed to settle at the original merger price of $11.75 cents per share.

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Enquiries:

Eurasia Drilling Company Limited

Tom O'Gallagher, Marketing and Investor Relations

+44 (0) 207 717 9707

investors.relations@eurasiadrilling.com

Hudson Sander (media enquiries for the Company)

Andrew Hayes / Elena Garside

+44(0) 20 7796 4133

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Eurasia Drilling Co. Ltd. issued this content on 29 January 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 29 January 2016 11:28:32 UTC

Original Document: http://www.eurasiadrilling.com/media-centre/news-releases/2016/1/29/update-on-dissenters-pursuant-to-merger/