On February 20, 2019, Urals Energy Public Company Limited announced that Adler Impex SA has recently requested that the Company make available to its shareholders a circular which it has prepared in connection with the extraordinary general meeting. The Company stated that the circular would be available shortly on the Company's web site. The Company stated that Adler Impex's circular makes no reference to how Adler Impex or the proposed directors proposed to address the Company's significant working capital deficit. In addition, the Company recommended its shareholders to vote against all the resolutions proposed by Adler Impex at the extraordinary general meeting which is scheduled to be held on February 22, 2019.