Eurasia Drilling : Completion of Merger and Notice of DeListing

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17 NOVEMBER 2015

EURASIA DRILLING COMPANY LIMITED

APPROVAL OF THE MERGER AND CANCELLATION OF LISTING

Eurasia Drilling Company Limited (the 'Company') hereby announces that on 16 November 2015, the Cayman Islands Registrar of Companies registered the plan of merger in respect of the merger (the 'Merger') between the Company and EDC Acquisition Company Limited ('EACL'), a company formed by one of the significant shareholders of the Company solely for the purposes of the Merger, and issued a certificate of merger, whereupon the Merger became effective. The Company will settle payment of the merger consideration payable to shareholders of the Company in accordance with the terms and conditions of the Merger today 17 November 2015, including making payment to The Bank of New York Mellon as depositary for the GDR programme (the 'Depositary'). The Depositary will call for the surrender of all outstanding global depositary receipts ('GDRs') and is expected to pay the merger consideration received from the Company to GDR holders on or around Friday 20 November 2015.

Further, on 12 October 2015, the Company announced that it intended to cancel the listing of the GDRs on the Official List of the UK Financial Conduct Authority and the admission of the GDRs to trading on the London Stock Exchange (the 'GDR Delisting'), subject to the Merger becoming effective. The Merger has now become effective and the GDR Delisting shall take effect from 7 a.m. (GMT) on 18 November 2015.

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