Sibneft Board Chooses Date For Annual Shareholder Meeting

Moscow, 17 May 2000; Sibneft will hold its annual shareholder meeting on 28 June in Moscow, according to a decision of the company’s board taken at a meeting on 12 May.

Shareholders attending the meeting will receive an update on progress implementing the company’s ambitious upstream investment programme. The board will also outline Sibneft’s strategic goals over the next five years.

All shareholders included on the shareholder register as of the close of business on 12 May 2000 will be eligible to participate in the meeting.