United Energy Group plc
United Energy Group plc: Strategic Reorganisation
United Energy Group Plc. / Strategic Company Decision/Change of Personnel Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- London, UK - 15 October 2008 Having the first intermediate result of the analyses of its operational business in the U.S., the new management of United Energy Group plc ('UEG') has taken measures, which will serve the economic well-being of the company. The company parted with the previous directors Janine Smith and Richard Sharp as well as with the previous Chief Operating Officer, Dr. Holger Friedrich. In consequence of the changes in personnel, the company will realign its strategic direction. In due course, the corresponding changes will be published on the company’s website www.unitedenergy.com. About UEG: UEG is an independent, exchange listed energy production and service company. The core areas of business are Energy Production, Energy Consulting and Energy Investments. The basic principles of UEG are geared to the targeted continuous value enhancement of the company by integrating all relevant groups of interest, supported by an active and transparent communication. For its partners UEG will remain to be a reliable supplier of high-quality services at competitive prices. In selected markets UEG wants to build up a strong position and keep it in the long term. This quality standard is made possible by dedicated employees and partners. The strategy for the next months and years is based on a dynamic growth policy. Forward-Looking Statement: This news release may contain certain forward-looking statements, including declarations regarding United Energy Group and its subsidiaries' expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to UEG management as of the date hereof, and actual results may vary based upon future events, both within and without the control of UEG management, including risks and uncertainties that could cause actual results to differ materially including, among other things, the impact that acquisitions may have on the company and its capital structure, exploration results, market conditions, oil and gas price volatility, uncertainties inherent in oil and gas production operations and estimating reserves, unexpected future capital expenditure requirements, competition, governmental regulations and other factors. United Energy Group plc 45 Doughty Street London WC1N 2LR United Kingdom Registered in England and Wales Registered number 05792859 Web: www.unitedenergy.com E-Mail: info@unitedenergy.com 15.10.2008 Financial News transmitted by DGAP ----------------------------------------------------------------------
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