The Board of Sibir has noted announcement by Renaissance Capital (Cyprus) Limited on behalf of JSC Gazprom Neft (Gazrpom Neft) inviting shareholders to offer their Sibir shares for sale and the fact that no fixed price is being offered in relation to prospective purchases of shares.

The Board wishes to draw shareholders attention to the fact that in a recent series of transactions Gazprom Neft paid £5 per share for shares in the Company and in the view of the Board shareholders should be guided by the price paid by Gazpromneft in these recent transactions.

Tags: Sibir Energy