OREANDA-NEWS. December 28, 2009. Integra Group (LSE:INTE) (the "Company"), a leading independent provider of onshore oilfield services, entered into an Amended and Restated Deposit Agreement relating to Global Depositary Receipts (GDR’s) with JPMorgan Chase Bank N.A. (the “Depositary”) following the approval of Amended Articles of Association at the Extraordinary General Meeting of Shareholders. Key amendments to the Deposit Agreement are summarized below:

1.  Inclusion of language to permit the establishment of a Rule 144A tranche of GDRs under the Deposit Agreement (the Company has no immediate plans to have such a tranche opened at this time).

2. Amendment to the voting provisions to require beneficial ownership reporting obligations on the part of any holder of GDRs seeking to provide the Depositary with voting instructions.  The amendments are intended to give the Company a level of transparency with respect to its beneficial owners similar to companies registered in the UK. Holders of GDR’s will be required to certify to the Company their beneficial ownership in cards to be submitted to the Company prior to the date of a general meeting. In addition, beneficial owners acquiring in excess of 3% of the voting rights of the Company, or increasing or decreasing their voting rights in the Company above or below 5% and integral multiples thereof, will be required to report such acquisitions or disposals to the Company. Beneficial owners may also be required to notify the Company of their beneficial ownership upon the request from the Company. In order to facilitate such reporting, the Company will post on its website the form of beneficial ownership certificate, as well as the number of outstanding shares having voting rights at that time.

Any amendments included in the Amended and Restated Deposit Agreement referred to above which shall, in the opinion of the Depositary, be materially prejudicial to the interests of the GDR holders (as a class) shall not become effective so as not to impose any obligation on the holders of the outstanding GDRs until the expiry of three months after notice thereof shall have been given by the Depositary to GDR holders.

The above is intended merely as a brief description of certain, but not all, of the changes included in the Amended and Restated Deposit Agreement.

About Integra Group:

Integra Group is a leading independent diversified provider of onshore oilfield services and manufacturer of drilling rigs with heavy lifting capacity, cementing equipment and certain specialized equipment used in the exploration, development and production of oil and gas.

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).