Eurasia Drilling Co Ltd : Management Share Dealing Notification

News Release

Management Share Dealing Notification

MOSCOW, September 19, 2013 -Eurasia Drilling Company Limited ("EDC" or the "Company" - LSE: EDCL) has been notified that Margin Finance Company Limited, which is owned by The Patrimony Trust, a trust established for the family of Alexander Yu. Djaparidze, has sold three million GDRs (representing three million shares of the Company) at an average price of USD 40.5 per GDR on September 17, 2013.

In addition, the Company has been notified that The Earl of Clanwilliam, Chairman, sold 4,105 GDRs of the Company (representing 4,105 shares of the Company) at an averageprice of USD 42.076 per GDR on September 11, 2013, of which 1,225 GDRs were GDRs held for his minor children.

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EDC is the largest provider of onshore drilling services in Russia, as measured by the number of metres drilled, providing onshore integrated well construction services and workover services. The Company also provides offshore drilling services in the Caspian Sea and is the largest provider of such services in the sectors where it operates based on the number of jack-up drilling rigs. The Company offers its onshore integrated well construction services and workover services to local and international oil and gas companies primarily in Russia and its offshore drilling services to Russian and international oil and gas companies in the Russian, Kazakh and Turkmen sectors of the Caspian Sea. In addition, the Company provides onshore drilling services in Iraq. The Company is traded on the London Stock Exchange under the symbol "EDCL".

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For further information, please contact:

Evgeniya Bitsenko, Head of Investor Relations

[phone]

[e-mail]

Hudson Sandler

Andrew Hayes/ Maria Ignatova

[phone] 

September19, 2013

Some of the views expressed in this document may constitute "forward looking statements" that involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.