, January 29, 2016

Update on Dissenters pursuant to Merger

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29 January 2016

EURASIA DRILLING COMPANY LIMITED

UPDATE ON DISSENTERS PURSUANT TO MERGER

 

Eurasia Drilling Company Limited (the "Company") announces that, to date, it has reached a settlement with a number of its former GDR holders (previously holding a total of 2,349,199 GDRs in the Company) who had officially objected to the Company's recent merger. Such former GDR holders have agreed to settle at the original merger price of $11.75 cents per share.

 

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Enquiries:

Eurasia Drilling Company Limited

Tom O'Gallagher, Marketing and Investor Relations

+44 (0) 207 717 9707

investors.relations@eurasiadrilling.com

 

Hudson Sander (media enquiries for the Company)

Andrew Hayes / Elena Garside

+44(0) 20 7796 4133

 

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Next: 22 February 2016: Update on Dissenters pursuant to Merger