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Integra brochure
(pdf - 1.6 mb)


August 11, 2010

Integra and United Capital Partners close the sale of heavy rig manufacturing business in Yekaterinburg

Integra Group (LSE:INTE), a leading independent provider of onshore oilfield services, and United Capital Partners (UCP), a private equity and asset management Group, announce that the transaction for  the sale of Integra’s heavy drilling rig manufacturing business in Yekaterinburg was closed today.

The deal announced on June 4, 2010 involved the sale of a 100% stake in ZAO URBO (Yekaterinburg) by Integra to UCP for US$40 million plus reimbursement of certain transaction expenses.


About United Capital Partners (UCP):
United Capital Partners (UCP) Group of companies was founded in 2006 as an asset management platform for its clients and partners.  UCP manages a number of funds investing in fast-growing private companies and in securities of publicly traded Russian companies.  The private equity funds under UCP management use the strategy of achieving capital appreciation by investing in small and medium size companies with high growth potential.  As of 1 April 2010, UCP Group had $1.2 billion in assets under management.


About Integra Group:
Integra Group is a leading independent diversified provider of onshore oilfield services. Integra Group operates in the drilling, workover, seismic and geophysics sectors, provides integrated project management services 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 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 (symbol: INTE).
For additional information please contact:


Integra Group  
Andrey 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


United Capital Partners Advisory OOO 
Elizaveta Ryabokon 
Head of Public Relations 
Tel. +7 495  643 1100
eryabokon@ucpfund.com

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.