Mr. Henry Cameron, Chief Executive of Sibir, on Friday 9th February 2008 gifted a total of 330,000 ordinary shares of 10p each in the capital of the Company to members of his immediate family in furtherance of his plans to mitigate inheritance tax. Mr. Cameron retains a holding of 679,476 shares representing 0.18% of the current issued share capital of the Company and 300,000 options. Mr Cameron has no intention of making any further disposals for the immediately foreseeable future.

Mr. Cameron commented:

"I began mitigating my inheritance tax exposure back in late 2005 and today’s announcement two years later is just a continuation of that plan. The reduction in my holding does not in any way reflect any diminution in my commitment to the company or my confidence in its future prospects."