Sibneft Launches New Web Site

Moscow, 9th November 1999; Sibneft has launched a new upgraded English language company web site, www.sibneft.ru a Russian language version is to follow shortly.

The new site has full details of Sibneft's US GAAP financial statements, latest operating results, investor presentations and company news. It also includes full details of the group board, corporate governance charter and a very detailed review of both upstream and downstream operations.

Sibneft President Eugene Shvidler said, "Sibneft is Russia's most progressive oil company. The launch of this new upgraded web site, making more information available to more people, is a logical extension of our programme of greater financial and operating disclosure. Making so much information available, will help advance the understanding of what we are trying to achieve and in the long term widen the potential universe of Sibneft investors, customers and trading partners."