Eurasia Drilling Company: Continues GDR Buy Back Program

Eurasia Drilling Company Limited, the leading onshore and offshore drilling service provider in the CIS, announced today that on September 19 and September 22, 2014 a subsidiary of the Company purchased 50,500 of the Company’s Global Depositary Receipts (“GDRs”) at the average price of USD 25.91 per GDR. One GDR represents one ordinary share in EDC. The number of repurchased GDRs constitutes approximately 0.03% of the Company’s issued and outstanding shares.

The GDRs were repurchased under the Company’s Share Repurchase Program previously announced on February 20, 2014. In total 1,920,273 GDRs were repurchased since the start of the Program, which constitutes approximately 1.3% of the Company’s issued and outstanding shares.