Renaissance Securities (Cyprus) Limited (“Renaissance Capital”) announces that it has successfully closed its invitation to offer for sale shares in Sibir at 500p on behalf of Gazpromneft.

Following closing and settlement, Gazpromneft expects to own in excess of 16% of the outstanding shares in Sibir.

Sibir is listed on AIM (Ticker: SBE:LN). The shares are currently suspended and Renaissance Capital makes no representation as to the accuracy or completeness of public information regarding Sibir.

Commenting on the acquisition of the shares in Sibir, Mr. Alexander Dyukov, Chairman of the Management Board and CEO, of Gazpromneft said: “We are delighted with the results of the transaction undertaken today on our behalf by Renaissance Capital. We are pleased to have become a significant minority shareholder in a company that we regard as a world-class asset.”

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