Sibneft To Release Full Year US GAAP Financial Results

Moscow, 21 June 2002; Sibneft will release financial results for full year 2001 prepared to US GAAP standards on Tuesday 25 June 2002.

A press release on the results will be posted on the company’s website at www.sibneft.com at 4pm Moscow time on 25 June. The release of the results will be followed by a conference call and presentation.