4c40c9dc-b823-48c3-a1f6-a99a41723ccf.pdf

Notice regarding FT article published on 1 November 2015.

('Eurasian Resources Group seeks to draw a line under scandals').


The Eurasian Resources Group (ERG), which incorporates the assets of ENRC acquired in November 2013, would like to clarify that the former management of the company was actually 'changed' and not 'fired' as reported in the article. Indeed, whilst the previous CEO, the CFO and the level below and all the regional heads have been changed (and not fired), some do continue to provide services to the Group. ERG would like to give this clarification as the article could quite easily be misconstrued, which was certainly not an intention. We would also like to emphasise that Mr. Felix Vulis, Mrs. Zaure Zaurbekova, Mr. Victor Hanna and Mr. Beat Ehrensberger were highly valuable and respected members of the ENRC management team.

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