Yesterday, Sibir announced the posting of a letter to overseas shareholders in certain jurisdictions informing them that it may be possible for them to sell their Sibir ordinary shares of 10p each ("Sibir Shares") to the Company's broker, J.P. Morgan Cazenove Limited ("JPMC"), at 500 pence per Sibir Share, which would then be tendered to Renaissance Securities (Cyprus) Limited ("Renaissance Securities") for the purposes of the recommended cash offer (the "Offer") by Renaissance Securities on behalf of JSC Gazprom Neft made on 27 May 2009. Further to that announcement the Company can confirm that a similar letter will be posted today to addresses in Bermuda, the British Virgin Islands, Cyprus, France, Gibraltar, New Zealand, Spain and South Africa and as a result the jurisdictions listed in the Appendix to this announcement will receive (or will already have received) a letter in relation to the Offer.

In addition, the Company has been informed that Renaissance Securities, after taking local legal advice, is making the Offer available to Sibir shareholders in the following jurisdictions:

Canada

Jamaica 

Norway 

Panama 

Portugal

Qatar 

Sweden 

Switzerland 

Thailand

Accordingly, Renaissance Capital is posting today copies of the Offer Document and Form of Acceptance, along with a covering letter explaining the action to be taken by Shareholders who wish to accept the Offer, to addresses in the above jurisdictions.

The Company continues to investigate whether a similar letter can be posted to addresses in other jurisdictions and further announcements will be made in due course if and when appropriate.