Sibneft Launches New Russian Language Website

Moscow, 7 June 2000; Sibneft has announced the launch of a fully-updated Russian language edition of its popular website, reinforcing the company’s commitment to setting a new benchmark for information disclosure in the Russian oil industry.

The English-language version of www.sibneft.ru has also been fully updated to include key operating indicators for the last year. The site offers extensive information and data covering the entire spectrum of the company’s activities, including detailed and up-to-date reserve data, biographies of the company’s senior management and board members, as well as a full archive of press releases. Visitors can also access full-year and interim financial statements, and download highlights of the company’s investor presentations.

Sibneft president Eugene Shvidler commented: “Sibneft is committed to setting new standards for transparency in the Russian oil sector. The company’s website offers visitors a window on the company’s operations which we hope will strengthen understanding of the company’s goals and its strategy for achieving them.”