Structures Close to Gazprom Neft Signed a Share Purchase Agreement on Acquisition of a 100 Percent Stake in Orton Oil Company Limited

On June 22, 2009 structures close to JSC Gazrpom Neft signed a Share Purchase Agreement on acquisition of a 100 percent stake in Orton Oil Company Ltd. Orton Oil Company Ltd. owns a 50 percent stake in the major shareholder of Sibir Energy Bennfield.

Gazrpom Neft Chief Executive Officer Alexander Dyukov in respect of acquiring the stakes of other Sibir shareholders, said in the statement: “Currently there is no decision made on the issue, and the Company is not in negotiations in these regards. If a decision is made, we will conduct negotiations and, perhaps, reach an agreement on an acquisition.”