Moscow, June 22, 2010

Management Share Dealing Notification

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Eurasia Drilling Company Limited ("EDC" or the "Company" - LSE: EDCL) has been notified that S. Douglas Stinemetz, General Counsel of EDC, sold 221,223 GDRs of the Company at an average price of USD 18.57 per GDR over the period from June 3 through June 16, 2010. After these transactions, Mr. Stinemetz's total holdings in the Company amount to 115,444 GDRs (equivalent to 115,444 common shares), representing approximately 0.08% of the Issued and Outstanding Shares of the Company.

Mr. Stinemetz has advised the company that the sales are primarily motivated by pending changes in the applicable US tax regime.


EDC is the largest independent 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".


For further information, please contact:

Kim L. Kruschwitz, VP Investor Relations
+44 (0) 207 717 9707

June 22, 2010

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: 29 June 2010: Management Share Dealing Notification