The board of directors of SPT Energy Group Inc. announced that after a preliminary review of the unaudited consolidated management accounts of the group as at December 31, 2014, the net profit of the group is estimated to significantly fall by approximately 55% to 60% for the year ended December 31, 2014 as compared with the financial year ended December 31, 2013. Based on the preliminary review of the unaudited management accounts and the information available to the management of the company, the company believes the main reasons for the above decrease are as follows: the falling global oil price in the second half of 2014, in particular, a sharp decrease of oil price from October 2014 that has caused the major clients of the group to curtail exploration and investment expenditures; the devaluation of Kazakhstan Tenge in February 2014, which has led to significant negative impact on the group's business in Kazakhstan; and the increase in operating costs as compared with last year as a result of the group's business expansion.