Moscow, December 15, 2009

EDC Announces Dividend of USD 0.25 per Share

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Eurasia Drilling Company Limited ("EDC" or the "Company" - LSE: EDCL) announced today that it will pay a dividend on January 15, 2010 of USD 0.25 per share held of record December 31, 2009. The dividend was declared at a meeting of the Board of Directors of EDC held on December 14, 2009.

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EDC is the largest provider of onshore drilling services in Russia, as measured by the number of meters drilled, providing onshore integrated well construction services and workover services. In addition, the Company provides offshore drilling services in the Caspian Sea. 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. The Company is traded on the London Stock Exchange under the symbol "EDCL".

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For further information, please contact:

Kim L. Kruschwitz, VP Investor Relations
+44 (0) 207 717 9707
investors.relations@eurasiadrilling.com

December 15, 2009

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.

Next: 30 December 2009: EDC Finalizes acquisition of OOO Tekhgeoservice