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June 17, 2010

Yuri Baidoukov joins Integra Group as Chief Financial Officer

Moscow, June 17, 2010. Integra Group (LSE:INTE), a leading independent provider of onshore oilfield services, is pleased to announce that Yuri Baidoukov has been named Chief Financial Officer of Integra Group, effective July 5, 2010.

Mr. Baidoukov joins Integra from Schlumberger where he held the position of Portfolio Manager, Mergers and Acquisitions, based in the UK. Mr. Baidoukov also held a number of senior finance and operations positions, including:

• General Director, Gazpromneft-Nefteservice;
• Vice President Operations, Schlumberger Russia;
• Finance Director, Schlumberger Russia and UK & Ireland; and
• Finance Director and other top finance positions, Fracmaster Ltd.

Commenting on the addition of Mr. Baidoukov to Integra’s executive team, Antonio Campo, CEO of Integra Group, said:

“We are very pleased to welcome Yuri to the team. His first class experience, both on the operational and finance side of the oilfield services industry,  will make a valuable contribution to Integra’s development, as we continue to implement our strategy to reposition this business towards services and higher technology products. Yuri’s deep understanding of the business’ economic fundamentals should allow us to further optimize our efficiency, planning and performance management processes.  We are very confident in our Finance team’s ability to execute a seamless transfer to this new leadership.”

Note to editors

Biography of Yuri Baidoukov:

Yuri Baidoukov, 44, has spent nearly 10 years at Schlumberger in various senior operational and finance positions. From 2003 to 2007, he has been the Finance Director at Schlumberger Russia responsible for all financial aspects of Schlumberger’s business in the region. In 2007, Yuri took a position of Vice-president, Operations and supervised Schlumberger’s 4,400 employee business in Russia. From 2000 to 2003, Mr. Baidoukov held a number of management and finance positions in Schlumberger’s business in Russia and the UK. His latest position with Schlumberger was Portfolio Manager, Mergers & Acquisition which he occupied since April, 2008. Prior to his career with Schlumberger, from 1993 to 2000, Mr. Baidoukov held a number of finance positions, including the position of Finance Director for over 4 years, at subsidiaries and joint venture companies of Fracmaster Ltd. (NYSE, TSE: FMA). He also had a short tenure as a General Director of Gazpromneft –Nefteservice at the end of 2007 - early 2008.
In 1991 Yuri Baidoukov graduated from Russian Peoples’ Friendship University in Moscow with a MSc degree (Honors) in Economics. He successfully passed US CPA exam in 2003.

About Integra Group:

Integra Group is a leading Russian independent provider of onshore oilfield services and is also a  manufacturer of cementing equipment and certain specialized equipment used in the exploration, development and production of oil and gas. 
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 17 strategic acquisitions, become one of the leading companies in the oilfield services and equipment manufacturing sectors of the Russian market and employs more than 17 000 people.
Since February 27, 2007 Integra Group has been traded on the London Stock Exchange (LSE ticker: INTE). 
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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

Forward looking statements: 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.

Information contained in this document is not an offer, or an invitation to make offers, sell, purchase, exchange or transfer any securities in Russia or to or for the benefit of any Russian person or any person in Russia, and does not constitute an advertisement of any securities in Russia.