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Integra brochure
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April 27, 2010

Integra Group CFO to resign

MOSCOW, April 27, 2010 – Integra Group (LSE: INTE), a leading oilfield services provider and manufacturer of oilfield services equipment, announces today that Dmitry Avdeev will resign as the Company's Chief Financial Officer, effective June 7, 2010. Mr. Avdeev has accepted an offer to become a Co-head of the Investment Banking Division at Morgan Stanley (Russia). Mr. Avdeev will also resign from the Company’s Board of Directors as of June 3, 2010.

John Fitzgibbons, Chairman of the Board of Directors of Integra Group said:

“Dmitry played an instrumental leadership role in the restructuring of Integra’s balance sheet during the recent global financial crisis.  Today, due largely to his efforts, we have a strong and healthy balance sheet without liquidity pressure, and we have an experienced and well-organized finance and accounting staff that will carry forward without interruption.  We wish Dmitry well in the next stage of his career and look forward to a continuing relationship with him.”

Antonio Campo, Chief Executive Officer of Integra Group said:
“I had the pleasure of working with Dmitry for a relatively short period of time during which Dmitry demonstrated himself as an experienced professional who was instrumental in the strengthening of our financial standing. While a search is underway to identify a successor, we are very confident in our team’s ability to execute a smooth transition when the new CFO joins Integra. “

Contacts
  
Integra Group  
Andrei Machanskis 
Head of Investor Relations 
Tel. +7 495 933 0621
 amachanskis@integra.ru


Sergey Beldinsky
Head of Public Relations
Tel. +7 495 933 0621
sbeldinsky@integra.ru

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Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of Integra Group. You can identify forward-looking statements by terms such as “expect,” “believe,” “anticipate,” “estimate,” “intend,” “will,” “could,” “may” or “might,” or the negative of such terms or other similar expressions. These statements are only predictions and actual events or results may differ materially. Integra Group does not intend to or undertake any obligation to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in Integra Group’s projections or forward-looking statements, including, among others, general economic and market conditions, Integra Group’s competitive environment, risks associated with operating in Russia, rapid technological and market change, and other factors specifically related to Integra Group and its operations.
 
This document does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of Integra Group, nor shall any part of it nor the fact of its distribution form part of or be relied on in connection with any contract or investment decision relating thereto, nor does it constitute a recommendation regarding the securities of Integra Group.

This communication is directed only at (i) persons who are outside the United Kingdom or (ii) persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) and (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2) of the Order (all such persons together being referred to as “relevant persons”).  Any person who is not a relevant person should not act or rely on this document or any of its contents.