DGAP-News: United Energy Group plc: United Energy Group plc enlarges the Board of Directors

United Energy Group Plc. / Change of Personnel/Strategic Company Decision

26.08.2008 

Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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London, UK - 26 August 2008

In the course of the expansion of its business divisions and the complexity
of single business units, United Energy Group plc ('UEG') has appointed
experienced advisers to the board of directors, both having financial and
organisational experience.

United Energy Group plc is pleased to announce the appointments of Dr. Mark
Ebbinghaus as chartered accountant and Ralf Volgmann as tax adviser. Dr.
Ebbinghaus and Mr. Volgmann will conduct a thorough analysis of all lines
of business and thereby contribute to the optimisation of the operational
procedure of a single business division.

The present managing director, Dr. Holger Friedrich, moved to the
operational management from the beginning of August 2008.   Mr. Dr.
Friedrich will now focus on the active business, particularly in the USA.
The prepared annual financial statement for the fiscal year 2007 will be
presented to the English auditors by the end of August 2008.


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
DGAP 26.08.2008 
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