Sibneft and FC CSKA Sign Partnership Agreement

Moscow, March 17, 2004. OAO Sibneft and ZAO Professional Football Club CSKA today signed a contract granting Sibneft the status of general sponsor for FC CSKA until the end of the year 2006. Under the deal, FC CSKA will receive sponsorship in the amount of $18 million a season for three seasons, for a total of $54 million over the life of the deal.

As general sponsor, Sibneft will have exclusive rights throughout the term of the contract to use CSKA’s name, trademark, logotype, photographs and team image in its marketing and advertising activities, both in Russia and abroad.

Sibneft has long been a major supporter of sports in the regions where it operates. For several years, the company has served as general sponsor of top Russian premier league hockey team HK Avangard (city of Omsk), spending upwards of $10 million per year on the development of hockey in the Omsk region. Sibneft is also general sponsor of the upcoming international biathlon championships, to be held in Khanty-Mansiisk later this week.

“We view supporting sports as an important part of the company’s social responsibility,” said Sibneft president Eugene Shvidler. “Our partnership with the CSKA football club will help to grow and expand Russian football’s presence in the European arena. We are confident in the success of Russian sport and will offer maximum assistance towards that end.”

“We are very pleased to have linked up with such a serious, internationally-known partner,” said FC CSKA president Evgeny Giner. “I sincerely hope that we will be able to live up to the immense trust our general sponsor has placed in us. In the Russian premier league, as well as in European competition, CSKA will strive to match the level of achievement that has always been Sibneft’s calling card.”