News Release

Notice of update on transaction

MOSCOW, September 23, 2015 - Eurasia Drilling Company Limited ("EDC" or the "Company" - LSE: EDCL), the leading onshore & offshore drilling service provider in the CIS, will hold a conference call in relation to the proposed merger between the Company and EDC Acquisition Company Limited ("EACL ") and the related transaction with Schlumberger on 30 September 2015.

Participants dial-in details:

UK LocalCall Tel : 08444-933-800

US LocalCall Tel: +1-631-510-7498

Russia LocalCall Tel: 499-677-1036

International Tel: +44-1452-555-566

Conference ID : 47357001

Conference title : Eurasia Drilling Company Merger Update

Toll free numbers are also available:

UK: 0800-694-0257

USA: 1-866-966-9439

Russia: 800-120-3988

A replay of the conference call will be available from 20:00 (BST) September 9 to October 7, 2015 on:

UK Tel: 0844-433-6600

International : +44-1452-550-000

Toll free numbers are also available:

UK: 0800-953-1533

USA: 1-866-247-4222

Russia: 499-677-1064

Access code to all the replay numbers: 47357001

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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:

Tom O'Gallagher, VP Investor Relations

+44 (0) 207 717 9707

investors.relations@eurasiadrilling.com

Hudson Sandler

Andrew Hayes/ Elena Garside

+44 (0)20 7796 4133

September 2 3, 2015

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.

Previous: 20 August 2015: EDC 2015 Interim Results
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