Sibneft Board Chooses Date For Annual Shareholder Meeting

Moscow, 28 April 2001; Sibneft will hold its annual shareholder meeting on 29 June in Moscow, according to a decision of the company's board of directors taken at a meeting on 28 April.

All shareholders included on the shareholder register as of the close of business on 4 May 2001 will be eligible to participate in the meeting.