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Integra brochure
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September 07, 2007

Integra Group announces acquisition of well workover company Obnefteremont

7 September, 2007
Integra Group (LSE: INTE) a leading Russian oilfield service provider, announces that it has executed a purchase and sale agreement to acquire Obnefteremont (ONR), a company specializing in well workovers. The acquisition is subject to approval by Russian antimonopoly authorities in addition to the satisfaction of certain technical conditions precedent. Integra Group anticipates that closing of the deal will occur within the next few weeks. The total deal consideration is dependant on possible adjustments following the completion of due diligence and will be announced upon the deal closure.
Obnefteremont is a fast growing company which has 57 crews operating a total of 65 workover rigs.  Based on unaudited data made available to Integra Group by ONR its revenue in the first half of 2007 amounted to US$31.4 million (full year 2006: $48 million, up 62% compared to 2005). EBITDA in 2006 was US$ $7.64 million, nearly three times the EBITDA of 2005.
Commenting on the transaction Mark Sadykhov, Executive Vice President for Oilfield Services of Integra Group, said:
“Obnefteremont, which is led by a team of highly professional individuals, has a strong position in the market, a portfolio of committed customers and almost 10-years experience in well workover operations. We expect the integration of ONR into Integra’s workover operations to provide substantial synergies and to broaden our technological expertise. This acquisition is expected to more than double our workover capacity. Well-workover is an important business line for Integra Group, which after this acquisition will receive a new momentum for further development and growth. ONR, like other companies integrated into the Integra Group will receive a significant investment resource.”
Notes for editors:
Integra Group:Integra Group is a leading Russian independent provider of onshore oilfield services and is also a leading manufacturer in the Russian Federation of drilling rigs with heavy lifting capacity, cementing equipment and certain specialized equipment used in the exploration, development and production of oil and gas.
Integra Group operates in the drilling, workover, seismic and geophysics sectors and manufactures oilfield services equipment.  Integra has oilfield services operations in all major oil and gas producing regions in Russia and in many other CIS countries. The company’s customer base includes major Russian and international oil and gas companies operating in Russia and CIS.
Established in March 2004, Integra Group has, through 16 strategic acquisitions, become one of the leading companies in the oilfield services and equipment manufacturing sectors of the Russian market and employs approximately 19 000 people.
Since February 27, 2007 Integra Group has been traded on the London Stock Exchange (symbol: INTE).  For additional information please contact:
Integra Grouphttp://www.integra.ru
Andrei Machanskis, Head of Investor Relationsamachanskis@integra.ruTel. +7 495 933 0621
Alla Sapun, Press Secretaryasapun@integra.ruTel. +7 495 933 0621
Financial DynamicsJonathon Brill / Edward Westropp London+44 20 7269 7170
Anna ShumaylovaMoscow+7 495 795 0623
Forward looking statements: These materials contain statements about future events and expectations that are forward-looking in nature. Any statement in these materials that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements expressed or implied by such forward-looking statements to differ. We assume no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements