Sibir Energy Limited announces an advertised tender to sell holding companies having the title to and the right to lease land plots.

Tender organizer: Sibir Energy Limited.

Subject of the tender: the right to enter into contracts of sale and purchase of holding companies having the title to and the right to lease land plots.

The opening date and time for submission of tender applications: May 24, 2011, 3:00 hrs p.m. local time.

The closing date and time for submission of tender applications: June 13, 2011, 11:00 hrs a.m. local time.

The closing date and time for submission of price bids: June 14, 2011, 11:00 hrs a.m. local time.

The applications and price bids should be submitted to the address: 31 Novinsky boulevard, Moscow, 123242 Russia,  tender@sibirenergy.com

The tender opening date, time, and place: June 14, 2011, at 3:00 p.m. local time at the address: 31 Novinsky boulevard, Moscow

The tender will be open to any bidder. Representatives of the bidders can be present at this procedure.

Any legal entity or businessman can take part in the tender. The requirements for the bidders, the procedure needed to prove the conformity to these requirements, a detailed description of the subject and opening procedures of the tender are contained in the tender documents.

The tender documents can be provided free of charge to any counterpart at its written request.

To participate in the tender, it is necessary to submit a tender application in due time along with the price bid for the subject of the tender prepared as required by the tender documents.

The tender application submission method: the applications should be submitted in written/electronic form (by ordinary mail/e-mail or by a courier) and they should be executed as specified by the tender documents.

The price bid submission method: the bids should be submitted in writing (by ordinary mail/e-mail or by a courier) and they should be executed as specified by the tender documents.

The bidder who will offer the highest price for the subject of the tender will be declared the winner.

The other and more detailed conditions of the tender are contained in the tender documents which are an integral appendix to this Notice.

Contacts for any questions concerning the organization and implementation of the tender: Vladislav Ivanovsky

Tel. +7 (495) 790-78-40 ext. 56-59

Fax: +7 (495) 790-78-31

E-mail: tender@sibirenergy.com; ivanovskiy@sibirenergy.com

Mail address: 31 Novinsky boulevard, Moscow, 123242 Russia