Sibir says that the admission of the Company’s ordinary shares of 10p each (Ordinary Shares) to trading on AIM will be cancelled with effect from 7.00 a.m. on Thursday 20 August 2009 as the shares have been suspended from trading for six months. Following the cancellation of admission to AIM, the Company will no longer be obliged to announce material events or produce interim results. However, the Company will continue to send its shareholders copies of the Company’s audited accounts and hold annual general and other general meetings in accordance with the applicable statutory requirements and the Company’s articles.

Following the de-listing there will be no market facility for dealing in the Ordinary Shares. However, whilst there can be no guarantee of any shareholders being able to purchase or sell any Ordinary Shares, any shareholder wishing to do so should contact the Company Secretary in writing at the Company’s registered office at 17c Curzon Street, London W1J 5HU. The Company Secretary will keep a record of all interested potential purchasers and sellers and will seek to match them where possible with the help of the Company’s brokers.

The board of Sibir (the “Board”) will consider if any corporate action is appropriate to enable shareholders who now wish to exit from their investment in the Company to do so. There can be no guarantee of any such future exit event being proposed to the Company’s remaining minority shareholders going forwards.

Although the Company is making every effort with its auditors to complete its accounts for the year to 31 December 2008, the Board now expects the Company’s audited 2008 Annual Report and Accounts to be completed and posted to shareholders in September 2009.

Tags: Sibir Energy