Eurasia Drilling Company Limited : Management Share Dealing Notification

MOSCOW, January 11, 2012 -Eurasia Drilling Company Limited ("EDC" or the "Company" - LSE: EDCL) has been notified that S. Douglas Stinemetz, General Counsel of EDC, bought 2,000 GDRs of the Company at a price of USD 24.85 per GDR on December 15, 2011.

After this transaction, Mr. Stinemetz's total holdings in the Company amount to 21,667 GDRs (equivalent to 21,667 common shares), representing around 0.01% of the Issued and Outstanding Shares of the Company.

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EDC is the largest provider of onshore drilling services in Russia, as measured by the number of meters drilled, providing onshore integrated well construction services and workover services. In addition, the Company provides offshore drilling services in the Caspian Sea. The Company offers its onshore integrated well construction services and workover services to local and international oil and gas companies primarily in Russia and its offshore drilling services to Russian and international oil and gas companies in the Russian, Kazakh and Turkmen sectors of the Caspian Sea. The Company is traded on the London Stock Exchange under the symbol "EDCL".

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For further information, please contact:

Kim L. Kruschwitz, VP Investor Relations
[phone]
[e-mail]

Hudson Sandler
Andrew Hayes/ Maria Ignatova
[phone]

January 11, 2012

Some of the views expressed in this document may constitute "forward looking statements" that involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.