“Authorized”
by the Board of Directors of Joint Stock Company
“Siberian Oil Company”
Minutes No. 116 dated 07 February, 2003

Secretary of the Board of Directors V.I. Novikov _____________
(Signature)

Seal

QUARTERLY REPORT
ISSUER OF SECURITIES 
For: Quarter IV, 2002
Joint Stock Company "Siberian Oil Company"
Issuer Code: 00146-A

Legal address: 646160 Omsk region, Lyubinsky district, poselok Lyubinsky,
Octyabrskaya St., 85
Postal address: 115035 Moscow, Sadovnicheskaya St., 4
Information contained in this information memorandum is subject to disclosure requirements in accordance with the laws and regulations of the Russian Federation
President E.M.Shvidler _________________
(signature)
Chief Accountant E.N.Sukharkova _________________
(signature)

30.01.2003

(Seal)

Contact person: Vladimir Ivanovich Novikov
Head of Corporate Management Department
Tel.: (095) 777 31 17  Fax: (095) 777 31 27
E-mail: Annak@sibneft.ru

А. Description of the Issuer
9. Full company name of the Issuer.
Joint Stock Company "Siberian Oil Company"
10. Abbreviated company name of the Issuer.
JSC "Sibneft"
11. Information on changes of the company name and legal form of the Issuer.
Company name and legal form of Company have not been changed
12. State registration status.
Date of state registration: August 21, 2002
Registration number: 1025501701686
Name of the authority issuing state registration: Inspection of the Tax Ministry of RF at the Lyubinsky district, Omsk region (JSC Sibneft was registered on 6 October 1995 by Omsk City Registration Chamber, Omsk City Government  № 38606450)

Licenses:
Number: СЛХ № 00562 NE 
Date of issue: December 30, 1998
License expiration date: December 29, 2023
Name of the authority issuing the license: YNAO Committee on mineral resources, Ministry of natural resources RF, Administration of YNAO
Type of activity: geological studies, searches and production of oil and gas within the boards of Romanovskoye field.

Number: ОМС № 00093 NE
Date of issue: September 28, 2000
License expiration date: October 1, 2025
Name of the authority issuing the license: Ministry of natural resources RF, Administration of Tarsky area
Type of activity: geological research and production of hydrocarbon within the boards of south-western part of Krapivinskoe field (Omsk region)

Number: 00100 ОМС HП
Date of issue: November 13, 2000
License expiration date: December 31, 2005
Name of the authority issuing the license: Ministry of natural resources, Committee on mineral resources of Omsk region
Type of activity: geological research within the boards of Prigranichnyy area

Number: 00948 СЛХ HP
Date of issue: December 21, 2000
License expiration date: December 21, 2025
Name of the authority issuing the license: Committee on land resources and land-utilization of Ministry of natural resources RF of YNAO, Administration of YNAO 
Type of activity: geological research and production of hydrocarbon within the boards of Valyntoyskiy area

Number: 00946 СЛХ HP
Date of issue: December 21, 2000
License expiration date: December 21, 2025
Name of the authority issuing the license: Committee on land resources and land-utilization of Ministry of natural resources RF of YNAO, Administration of YNAO 
Type of activity: geological research and production of hydrocarbon within the boards of Pyakutinskiy area

Number: 00947 СЛХ HP
Date of issue: December 21, 2000
License expiration date: December 21, 2025
Name of the authority issuing the license: Committee on land resources and land-utilization of Ministry of natural resources RF of YNAO, Administration of YNAO 
Type of activity: geological research and production of hydrocarbon within the boards of North-Noyabrsk area

Number: 10970 СЛХ HП
Date of issue: December 28, 2000
License expiration date: December 31, 2005
Name of the authority issuing the license: Ministry of natural resources
Type of activity: geological research within the boards of Aykhettinskiy area

Number: 10969 СЛХ HП
Date of issue: December 28, 2000
License expiration date: December 31, 2005
Name of the authority issuing the license: Committee on land resources and land-utilization of Ministry of natural resources RF of YNAO, Administration of YNAO 
Type of activity: geological research within the boards of Vorgenskiy area 

Number: 10969 СЛХ HП
Date of issue: December 28, 2000
License expiration date: December 31, 2005
Name of the authority issuing the license: Committee on land resources and land-utilization of Ministry of natural resources RF of YNAO, Administration of YNAO 
Type of activity: geological research within the boards of Vorgenskiy area

Number: CЛХ #00934 ВЭ
Date of issue: December 18, 2000
License expiration date: December 17, 2005
Name of the authority issuing the license: Committee on mineral resources of Ministry of natural resources RF
Type of activity: output of sweet subterranean water for drinking and production water supply of the boards of 1,2 Romanovskoe area

Number: 62ЭК №15-1150
Date of issue: February 09, 2001
License expiration date: February 09, 2004
Name of the authority issuing the license: Federal mining and industrial inspectorate of RF
Type of activity: exploitation of oil and gas productions and exploration by contractors acting under licences

Number: 62CT №15-1151
Date of issue: February 09, 2001
License expiration date: February 09, 2004
Name of the authority issuing the license: Federal mining and industrial inspectorate of RF
Type of activity: exploitation of oil and gas productions and exploration by contractors acting under licenses

13. Taxpayer’s identification number.
5504036333
14. Type of Activity.
Codes of OKONH:
71100 – Wholesale Trade
11220 – Oil Refining Industry
11232 – Natural Gas Refining
11233 – Oil Gas Refining
11210 – Oil Industry
71200 – Retail Trade
96420 – Exchange Transactions
84100 – Intermediate Services in Purchase and Sale of Goods, Securities, Currency
72200 – Foreign Trade of Private Companies
80100 – Supply
80200 – Sale

15. Legal address, postal address and contact phone numbers.
Legal address: 646160 Omsk region, Lyubinsky district, poselok Lyubinsky, Octyabrskaya St., 85
Postal address: 115035 Moscow, Sadovnicheskaya St., 4
Tel.: (095) 777 31 52  Fax: (095) 777 31 51
E-mail: No E-mail

16. Auditors.
Company name: Closed JSC “Ernst and Young Vneshaudit”
Legal address: 103062 Moscow, Podsosenskiy Per., 20/12
INN (taxpayer’s identification number): 7717025097
Postal address: 113062 Moscow, Podsosenskiy Per., 20/12
Tel.: (095) 755-97-00  Fax: (095) 755-97-10
E-mail: No E-mail

License:
Number: 004768
Date of issue: February 08, 2002
License expiration date: February 08, 2005
Name of the authority issuing the license: Finance Ministry

17. Registrars.
Registrar: 
Name of the registrar: Open JSC “Registrator R.O.S.T.”
Legal address: Russia, Moscow, Stromynka St., 18, bldg. 13
Postal address: 107996  Moscow, Stromynka St., 18, p/b. 9
Tel.: (095) 786-69-70, 786-69-75 Fax: (095) 786-69-74
E-mail: rost@rrost.ru

License:
Number: 10-000-1-00264
Date of issue: December 03, 2002
License expiration date: undetermined
Name of the licensing authority: Federal Securities Commission

Date since which the registrar has kept the register of the Issuer: 30.12.2001

No save keeping of the issued securities of the Issuer in reporting quarter.
18. Depository.
No depository
19. The shareholders of Issuer.
Total number of shareholders (members):  13 029

Shareholders (members) owning not less than 5% of the Charter Capital of the issuer: 

19.1 Company name: Closed JSC "ING BANK (EURASIA) CJSC" (Nominee)
Legal address: 123022 Moscow, Krasnaya Presnya, 31
Postal address: 123022 Moscow, Krasnaya Presnya, 31
Share in the Charter Capital of issuer: 24.1171 % (nominee)
Shareholders (members) owning not less than 25% of Charter Capital of shareholder (member) of issuer:
19.1.1 Company name: no data

19.2 Company name: Closed JSC "ABN AMRO BANK А.О." (Nominee)
Legal address: 103009 Moscow, Bolshaya Nikitskaya St., 17, bldg. 1
Postal address: 103009 Moscow, Bolshaya Nikitskaya St., 17, bldg. 1
Share in the Charter Capital of issuer: 19.7297 % (nominee)
Shareholders (members) owning not less than 25% of Charter Capital of shareholder (member) of issuer:
19.2.1 Company name: no data

19.3 Company name: JSC “West-Siberian Depository”(Nominee)
Legal address: Russian Federation 644043 Omsk region, Omsk, Kemerovskaya St., 10
Postal address: 101000 Moscow, Myasnitskaya St., 38
Share in the Charter Capital of Issuer: 19.4567 % (nominee)
Shareholders (members) owning not less than 25% of Charter capital of shareholder (members) of issuer:
19.3.1 Company name: no data

19.4 Company name: Non-profit partnership "NATIONAL DEPOSITORY CENTER" (Nominee)
Legal address: 117049 Moscow, Zhitnaya St., 12
Postal address: 103009 Moscow, Sredniy Kislovskiy pereulok, 1/13
Share in the Charter Capital of issuer: 14.8957 % (nominee)
Shareholders (members) owning not less than 25% of Charter capital of shareholder (members) of issuer:
19.4.1 Company name: no data

19.5 Company name: Limited Liability Company "DEUTSCHE BANK" (Nominee)
Legal address: 129090 Moscow, Shchepkina St., 4
Postal address: 129090 Moscow, Shchepkina St., 4
Share in the Charter Capital of issuer: 13.8478 % (nominee)
Shareholders (members) owning not less than 25% of Charter Capital of shareholder (member) of issuer:
19.5.1 Company name: no data

20. Management structure.
The governing bodies of JSC Sibneft are its General Shareholders’ Meeting, Board of Directors, individual executive body – President and collective executive body – Management Board. The highest governing body of the Company is its General Shareholders’ Meeting. The Board of Directors provides overall guidance of the Company’s activities, with the exception matters under the exclusive competence of the General Shareholders’ Meeting. The Board of Directors of the Company is composed of nine individuals, to be elected by the General Shareholders’ Meeting. 
The competence of General Shareholders’ Meeting (members) of the Issuer in accordance with its Charter (constituent documents) is as follows:
1) making changes and additions to the Company's Charter or approving the new wording of the Company's Charter (except cases provided in paras 2-5 of Article 12 of the federal law On Joint-Stock Companies);
2) reorganizing the Company;
3) liquidating the Company, appointing the liquidation commission and approving the intermediate and final liquidation balancesheets;
4) electing members of the Company's Board of Directors and an early termination of their powers;
5) electing the Company's President and an early termination of his powers;
6) electing members of the Company's auditing commission and an early termination of their powers;
7) approving the auditor of the Company;
8) deciding on the quantity, nominal value and category (type) of announced stock and the rights provided by the stock;
9) increasing the Company's equity;
10) placing the Company's emitted securities convertible into stock;
11) reducing the Company's equity by reducing the nominal value of stock through acquisition by the Company of a part of the stock in order to reduce the overall quantity, as well as through redemption of stock (stock held by the Company) acquired and bought-out by the Company;
12) approving annual reports, the annual accounting reports, including the Company's profit and loss statements (profit and loss accounts), as well as distributing the profit, including payment (announcing) of dividends and losses of the Company, based on the results of the fiscal year;
13) defining the procedure for holding a general meeting of shareholders;
14) fragmenting and consolidating stock;
15) deciding to approve deals in cases provided by Article 83 of the federal law On Joint-Stock Companies;
16) deciding to approve major deals in cases provided by Article 79 of the federal law On Joint-Stock Companies;
17) deciding on participation in holding companies, financial-industrial groups, associations and other associations of commercial entities;
18) approving internal documents regulating the activity of the Company's bodies, including Regulation on the General Meeting of Shareholders, Regulation on the Board of Directors, Regulation on the President, Regulation on the Management Board, and Regulation on the Procedure of Activity of the Auditing Commission;
19) deciding on remuneration and (or) compensation of expenses to members of the Company's auditing commission, related to the performance by them of their duties during the period in which they discharge their duties; establishing the amount of such remuneration and compensations;
20) deciding on remuneration and (or) compensation of expenses to members of the Company's Board of Directors, related to the performance by them of their functions of members of the Board of Directors during the period in which they discharge their duties; establishing the amount of such remuneration and compensations;
21) deciding on compensation from the resources of the Company of expenditure to persons and entities -- initiating an early general meeting of shareholders, of expenditure involved in preparing and holding that meeting;
22) deciding on transfer of powers of the single "one-person" executive body of the Company, under an agreement, to a  commercial organization (managing organization) or to an individual entrepreneur (the manager);
23) deciding on an early termination of the powers of the managing organization or the manager;
24) defining the list of additional documents, the keeping of which by the Company is binding;
25) deciding on other issues provided by the federal law On Joint-Stock Companies.
The general meeting of shareholders is not authorized to examine and decide on issues not placed by the law and the Company's Charter within its competence. The general meeting of shareholders is not authorized to decide on issues not included in the meeting's agenda or to change the agenda.

The competence of the Issuer’s Board of Directors in accordance with its Charter (constituent documents) is as follows:
The Company's Board of Directors conducts day-to-day running of the Company, except for issues that have been referred by federal laws and the Charter to the jurisdiction of the general shareholders meeting. The competence of the Board of Directors:
1) determining priority areas of the Company's development, including strategic objectives of the Company, the main types of activity and regions of operation, the dividend policy, a long-term and medium-term development strategy of the Company, endorsing the annual business plans of the Company;
2) calling the annual and extraordinary general shareholders meetings, except for cases provided for in Clause 8, Article 55 of the federal law On Joint Stock Companies;
3) endorsing the agenda of the general shareholders meeting;
4) determining the date when a list of people entitled to attend the general shareholders meeting is to be drawn up, and other issues referred to the jurisdiction of the Company's Board of Directors in accordance with Chapter VII of the federal law On Joint Stock Companies and connected with the preparation and conduct of the general shareholders meeting;
5) giving preliminary endorsement to the Company's annual reports, annual accounting reports, including profit/loss statements based on the results of a fiscal year;
6) appointing members of the Company's Management Board;
7) terminating the powers of the members of the Company's Management Board ahead of time;
8) endorsing an agreement on the transfer of the powers of the one-person executive body of the Company to a commercial organization (management organization) or individual entrepreneur (manager);
9) adopting decisions on the creation of a temporary one-person executive body of the Company and on the holding of an extraordinary general shareholders meeting to solve the question of early termination of the powers of the Company president or the management organization (manager) and the election of the president of the Company or the transfer of the powers of the one-person executive body to the management organization or the manager if the president of the Company or the management organization (manager) cannot discharge their duties;
10) adopting a decision on the suspension of the powers of the Company president or the management organization or the manager. Simultaneously with this decision the Company's Board of Directors has to adopt a decision on the creation of a temporary one-person executive body of the Company and the holding of an extraordinary general shareholders meeting to solve the question of early termination of the powers of the Company president or the management organization (manager) and the election of the president of the Company or the transfer of the powers of the one-person executive body to the management organization or the manager;
11) placing bonds and other emission securities that cannot be converted into shares;
12) endorsing the decision to issue securities, prospectuses of issue, a report on the results of the emission of securities, and adopting changes and additions to them;
13) endorsing quarterly reports of the emission of securities;
14) determining the price (money value) of property, the price of placement and redemption of securities in cases provided for in the federal law On Joint Stock Companies;
15) acquiring shares placed by the Company in accordance with Clause 2, Article 72 of the federal law On Joint Stock Companies;
16) acquiring bonds and other securities placed by the Company in cases provided for in the federal law On Joint Stock Companies;
17) issuing recommendations to the general shareholders meeting with regard to the size of rewards and compensations paid to members of the Auditing Commission;
18) determining the size of remuneration for the services of the auditor;
19) issuing recommendations to the general shareholders meeting with regard to the size of dividends on shares and the procedure for the payment of dividends;
20) issuing recommendations to the general shareholders meeting with regard to the distribution of profit and losses of the Company based on the results of a fiscal year;
21) using the reserve and other funds of the Company;
22) endorsing internal documents of the Company except for internal documents regulating the work of the Company's bodies endorsed by decision of the general shareholders meeting, and other internal documents of the Company, the endorsement of which is referred by the Charter to the jurisdiction of the one-person executive body, adopting changes and additions to these documents;
23) creating and liquidating branches and representative offices of the Company, endorsing regulations on the branches and representative offices, adopting changes and additions to same;
24) adopting amendments to the Company's Charter connected with the creation of branches, the opening of representative offices or their liquidation;
25) endorsing major transactions in cases provided for in Chapter X of the federal law On Joint Stock Companies;
26) endorsing transactions in cases provided for in Chapter XI of the federal law On Joint Stock Companies;
27) confirming the Company's registrar and the terms of contract with him, as well as terminating the contract with same;
28) adopting at any time a decision to audit the Company's financial and economic activities;
29) selecting a person authorized to sign a contract on behalf of the Company with the president (management organization or manager) and members of the Company's Management Board;
30) endorsing the main provisions of contracts with the president and members of the Company's Management Board;
31) drawing up a list of additional documents that are required to be kept in the Company;
32) endorsing the procedures of internal control over the financial and economic activities of the Company;
33) endorsing internal procedures for managing risks, ensuring compliance, analyzing the effectiveness of such procedures and improving them;
34) other issues provided for in the federal law On the Joint Stock Companies and the Charter.
Issues referred to the competence of the Company's Board of Directors cannot be delegated to the Company's executive body for resolution.

The competence of the individual executive body and the collective executive body of the Issuer in accordance with its Charter (constituent documents) is as follows:
The President of the Company that is the individual executive body of the Company. All the issues of managing the current activities of the Company except the issues that are within the competence of the General Meeting of Shareholders, the Board of Directors and the management board of the Company shall be within the competence of the President. 
The President shall organize implementation of the decisions of the General Meeting of Shareholders, the Board of Directors and the management board of the Company.
The President shall act on behalf of the Company without a power of attorney, represent its interests, approve its staff chart, issue orders and directives that are binding on all the employees of the company.
The President shall effect transactions on behalf of the Company, including independent transactions connected with the acquisition, alienation or possible alienation by the Company, directly or indirectly, of the property whose value accounts for less than 10 percent of the book value of the Company's assets as determined in accordance with the accounting report as of the last reporting date unless a different procedure of effecting such deals is envisaged by the federal law On Joint Stock Companies and these Charter. 
Transactions connected with acquisition, alienation or possible alienation by the Company, directly or indirectly, of property whose value accounts for 10 percent or more of the book value of the assets of the Company, with the exception of the transactions effected in the course of normal business activities, as well as any other transactions for which a different procedure is envisaged under the federal law On Joint Stock Companies and these Charter, may be effected by the President provided a prior decision to the effect has been taken by the authorized body of the Company management board.
The rights and duties, the terms and remuneration of the services of the President of the Company shall be determined by the agreement concluded between the President and the Company. The agreement on behalf of the Company shall be signed by the Chairman of the Board of Directors or the person authorized by the Board of Directors of the Company.
The President shall be elected by the General Meeting of Shareholders for a term of 5 years unless the General Meeting of Shareholders determines a different term.

The Management Board that is Collective Executive Body within its competence shall:
1) preparing proposals on general guidelines of the activities and development of the Company, investment, credit and financial and price policy; 
2) preparing proposals on the main parameters and terms of the issue of securities and on dividend policy;
3) ensuring regular expert examination of the financial and economic activities of the Company;
4) making decisions on the conclusion of transactions connected with acquisition, alienation or possible alienation by the Company, direct or indirect, of the property whose value at the time of the decision accounts for between 10 and 25 percent of the book value of the Company assets with the exception of transactions performed in the course of normal economic activities of the company;
5) preparing proposals on the organizational structure of the Company;
6) making decisions on the signing of the Collective Agreement by the Company and approving the terms thereof. 
The members of the management board shall be appointed by the Board of Directors of the Company. They shall be three in number and shall be appointed for a term of 5 years unless a different term is established by decision of the Board of Directors. The powers of any member of the management board may be terminated by the Board of Directors of the Company.
The president of the Company shall perform the functions of the chairman of the management board.
The procedure of the work and making of decisions by the management board shall be determined by an internal document of the Company approved by the General Meeting of Shareholders.

21. Members of the Board of Directors of the Issuer

The Board of Directors
Chairman of the Board of Directors: Potapov Konstantin Nikolaevich

Members of the Board of Directors:
Independent Director Vinchel Mikhail Genrikhovich
Born in: 1961

Positions held for the last 5 years:
Term: 1995 -present
Company: JSC “Investment company Prospect”
Position: General Director

Share in the Charter Capital of the Issuer (%): No shares
Share in the Charter Capital of the subsidiary companies (%): No shares

Remuneration, paid off during the reporting quarter:
Salary (roubles): 0
Bonus (roubles): 0
Fees (roubles): 0
Other material provisions (roubles): 0
Total (roubles): 0

Independent Director Gavrikov Albert Alexeevich
Born in: 1970

Positions held for the last 5 years:
Term: 1995 -present
Company: Investment company Aton
Sphere of activity: Stock market
Position: Managing Director

Share in the Charter Capital of the Issuer (%): No shares
Share in the Charter Capital of the subsidiary companies (%): No shares

Remuneration, paid off during the reporting quarter:
Salary (roubles): 0
Bonus (roubles): 0
Fees (roubles): 0
Other material provisions (roubles): 0
Total (roubles): 0

Independent Director Tyryshkin Ivan Aleksandrovich
Born in: 1973

Positions held for the last 5 years:
Term: 1996 -1998
Company: Federal Commission on Securities
Position: Head of Department

Term: 1998 - 2001
Company: National Association of participants of stock market
Position: President

Term: 2001 - present
Company: Non-profit partnership ”Stock Exchange RTS”
Position: President

Share in the Charter Capital of the Issuer (%): No shares
Share in the Charter Capital of the subsidiary companies (%): No shares

Remuneration, paid off during the reporting quarter:
Salary (roubles): 0
Bonus (roubles): 0
Fees (roubles): 0
Other material provisions (roubles): 0
Total (roubles): 0

Shvidler Eugene Markovich
Born in: 1964

Positions held for the last 5 years:
Term: 1998 - 1999
Company: JSC Sibneft
Position: Acting President

Term: 1999 - present
Company: JSC Sibneft
Position: President

Share in the Charter Capital of the Issuer (%): 0%
Share in the Charter Capital of the subsidiary companies (%): No shares

Remuneration, paid off during the reporting period:
The information is confidential

Breeva Tatyana Alekseevna
Born in: 1951

Positions held for the last 5 years:
Term: 1997 - 1999
Company: JSC Sibneft
Scope of activity: 
Position: Head of Internal Audit Department

Term: 1999 - 2001
Company: JSC Sibneft
Scope of activity: 
Position: Chief Accountant

Term: 2001 - present
Company: JSC Sibneft
Scope of activity: 
Position: Vice-president on Finance

Share in the Charter Capital of the Issuer (%): 0%
Share in the Charter Capital of the subsidiary companies (%): No shares

Remuneration, paid off during the reporting period:
The information is confidential

Novikov Vladimir Ivanovich
Born in: 1945

Positions held for the last 5 years:
Term: 1996 -present
Company: JSC Sibneft
Position: Head of Corporate Management Department 

Share in the Charter Capital of the Issuer (%): 0%
Share in the Charter Capital of the subsidiary companies (%): No shares

Remuneration, paid off during the reporting period:
The information is confidential

Potapov Konstantin Nikolaevich
Born in: 1956

Term: 1998 -present
Company: JSC Sibneft
Position: Vice-president

Share in the Charter Capital of the Issuer (%): 0.0121%
Share in the Charter Capital of the subsidiary companies (%): No shares

Remuneration, paid off during the reporting quarter:
The information is confidential 

Oif Valeriy Aleksandrovich
Born in: 1964

Positions held for the last 5 years:
Term: 1998 - present
Company: JSC Sibneft
Position: Vice-president

Share in the Charter Capital of the Issuer (%): No shares
Share in the Charter Capital of the subsidiary companies (%): No shares

Remuneration, paid off during the reporting period:
The information is confidential

Poltorak Evgeniy Yakovlevich
Born in: 1947

Positions held for the last 5 years:
Term: 1997- present
Company: JSC Sibneft
Position: Vice-president

Share in the Charter Capital of the Issuer (%): 0.0009%
Share in the Charter Capital of the subsidiary companies (%): No shares

Remuneration, paid off during the reporting period:
The information is confidential

22. The individual executive body and the Collective executive body of the Issuer.
The individual executive body and members of the Collective executive body of the Issuer:

Korsik Aleksandr Leonidovich
Born in: 1956

Positions held for the last 5 years:
Term: 1997 - 1999
Company: JSC Sibneft
Position: Head of Strategic Development Department

Term: 1999 - present
Company: JSC Sibneft
Position: First Vice-president

Term: 1999 - 2001
Company: JSC Sibneft
Position: Since March 5, 2001 Mrs. Panchenko stopped performing her duties because of her entering the government service

Share in the Charter Capital of the Issuer (%): 0%
Share in the Charter Capital of the subsidiary companies (%): No shares

Remuneration, paid off during the reporting period (rubles):
The information is confidential

Shvidler Eugene Markovich
Born in: 1964

Positions held for the last 5 years
Term: 1998 – 1999
Company name: JSC Sibneft
Position: Acting President

Term: 1999 – present
Company name: JSC Sibneft
Position: President

Share in the Charter Capital of the Issuer (%): 0%
Share in the Charter Capital of the subsidiary companies (%): No shares

Remuneration, paid off during the reporting period (rubles.):
The information is confidential

Breeva Tatyana Alekseevna
Born in: 1951

Positions held for the last 5 years:
Term: 1997 - 1999
Company: JSC Sibneft
Scope of activity: 
Position: Head of Internal Audit Department

Term: 1999 - 2001
Company: JSC Sibneft
Scope of activity: 
Position: Chief Accountant

Term: 2001 - present
Company: JSC Sibneft
Scope of activity: 
Position: Vice-president on Finance

Share in the Charter Capital of the Issuer (%): 0%
Share in the Charter Capital of the subsidiary companies (%): No shares

Remuneration, paid off during the reporting period (rubles.):
The information is confidential

The individual executive body: Shvidler Eugene Markovich
23. Remuneration paid to the members of the Board of Directors and other officials of the Issuer.
Total amount of remunerations, paid off to the persons, stated in Articles 21 and 22, for the reporting period:
Salary (rubles): 
Bonus (rubles): 
Commissions paid (rubles): 
Other material awards (rubles): 
Total (rubles): 0

Please see Articles 21 and 22.
24. List of legal entities in which Issuer is a member.

Legal entities in which Issuer holds not less than 5% of the Charter Capital:

Company name: LLC “Sibneft-AZS Service”
Legal address: 109004, Moscow, Bolshaya Kommunisticheskaya St., 38, bld. 1
Postal address: 109034, Moscow, Kursovoy Per., 4
Share of Issuer in the Charter Capital of the legal entity (%): 100%

Company name: Closed JSC “Kuzbassnefteprodukt”
Legal address: 654018 Kemerovo region, Novokuznetck, Polevaya St., 1
Postal address: 654018 Kemerovo region, Novokuznetck, Polevaya St., 1
Share of Issuer in the Charter Capital of the legal entity (%):  100%

Company name: Closed JSC “Sibneftavia”
Legal Address: 125040 Moscow, Verchnaya St., 34
Postal address: 125040, Moscow, Verchnaya St., 34
Share of Issuer in the Charter Capital of the legal entity (%): 100 %

Company name: LLC “Club Zariche”
Legal Address: 109017, Moscow, Pyatniskay St., 46, bldg.1
Postal address: 109017, Moscow, Pyatniskay St., 46, bldg.1
Share of Issuer in the Charter Capital of the legal entity (%): 100 %

Company name: LLC “Sibneft-Tomsk”
Legal address: 634009 Tomsk, Zaozerny Per., 1
Postal address: 634009 Tomsk, Zaozerny Per., 1
Share of Issuer in the Charter Capital of the legal entity (%): 100%

Company name: LLC “Khantos”
Legal Address: 628007 Khanty-Mansiysk, Mira St., 149
Postal address: 628007 Khanty-Mansiysk, Mira St., 149
Share of Issuer in the Charter Capital of the legal entity (%): 100 %

Company name: Closed JSC “Sibneft-Ural”
Legal Address: 620102 Ekaterinburg, Shaumyana St., 73/16
Postal address: 620102 Ekaterinburg, Shaumyana St., 73/16
Share of Issuer in the Charter Capital of the legal entity (%): 100 %

Company name: LLC “Sibneft-Krasnoyarsknefteproduct”
Legal address: 660049 Krasnoyarsk, Severnoe Shosse, 23 “G”
Postal address: 660049 Krasnoyarsk, Severnoe Shosse, 23 “G”
Share of Issuer in the Charter Capital of the legal entity (%): 100%

Company name: LLC “Fin-Trade”
Legal address: 141008 Moscow region, Mytischy, Novomytischinskiy prospect, 19
Postal address: 141008 Moscow region, Mytischy, Novomytischinskiy prospect, 19
Share of Issuer in the Charter Capital of the legal entity (%): 100%

Company name: JSC "Sibneft- Noybrskneftegas"
Legal address: 629807 Tyumen region, Yamalo-Nenesky autonomous district,
Noyabrsk, Lenina St., 59/87
Postal address: 626726 Tyumen region, Noyabrsk, Lenina St., 59/87
Share in the Charter Capital of the legal entity (%): 99.36 %

Company name: Sib Finance B.V.
Legal address: Herengracht 548, 1017CG Amsterdam, The Netherlands
Postal address: Herengracht 548, 1017CG Amsterdam, The Netherlands
Share in the Charter Capital of the legal entity (%): 100%

Company name: JSC “Sibneft-Omsknefteprodukt”
Legal Address: 644099 Omsk-99, Frunze St., 54
Postal address: 644099 Omsk-99, Frunze St., 54
Share of Issuer in the Charter Capital of the legal entity (%): 90 %

Company name: JSC “Sibneft-Omsk Oil Refinery ”
Legal address: Russian Federation, Omsk, Goubkina prospect, 1
Postal address: Russian Federation, 644040 Omsk -40, Goubkina prospect, 1
JSC “Sibneft-ONPZ”
Share of Issuer in the Charter Capital of the legal entity (%): 83.21 %

Company name: Closed JSC “Compania mobilnaya karta (Kuzbass)"
Legal address: 652970 Russia, Kemerovskaya region, Tashtagol, Lenina St., 50
Postal address: 652970 Russia, Kemerovskaya region, Tashtagol, Lenina St., 50
Share in the Charter Capital of the legal entity (%): 75 %

Company name: Limited Liability Company “Sibneft-Noyabrsknefteprodukt"
Legal address: 629809 Tyumen region, Noyabrsk, promzona
Postal address: 629809 Tyumen region, Noyabrsk, promzona
Share in the Charter Capital of the legal entity (%): 75 %

Company name: JSC “Sibneft-Noybrskneftegasgeophizika”
Legal Address: 629089, Tyumen region, Yamalo-Nenesky autonomous district,
Noyabrsk, Promyshlennaya zona 
Postal address: 626726, Tyumen region, Noyabrsk, Promyshlennaya zona 
Share of Issuer in the Charter Capital of the legal entity (%): 66.7 %

Company name: JSC "Sibneft-Barnaulnefteprodukt"
Legal Address: 656004 Barnaul, Karl Marx St., 124
Postal address: 656004 Barnaul, Karl Marx St., 124
Share of Issuer in the Charter Capital of the legal entity (%): 66.12 %

Company name: JSC "Sibneft-Tyumennefteprodukt"
Legal address: 625000, Tyumen, Lenina Str., 67
Postal address: 625048, Tyumen, Respubliki Str., 81
Share of Issuer in the Charter Capital of the legal entity (%): 57.71 %

Company name: Limited Liability Company “Radio ZS”
Legal address: 629810 YANAO, Noyabrsk, Izyskateley St., 51
Postal address: 629810 YANAO, Noyabrsk, P.O. Box 713
Share of Issuer in the Charter Capital of the legal entity (%): 51%

Company name: Limited Liability Company “NI and PP “Inpetro”
Legal Address: 113035 Moscow, Sadovnicheskaya St., 71, bldg. 3
Postal address: 113035 Moscow, Sadovnicheskaya St., 71, bldg. 3
Share of Issuer in the Charter Capital of the legal entity (%): 51 %

Company name: Closed JSC “Mediacenter-A7”
Legal Address: Russian Federation,Omsk, 22 Dekabrya St., 98
Postal address: Russian Federation,Omsk, 22 Dekabrya St., 98
Share of Issuer in the Charter Capital of the legal entity (%): 51 %

Company name: Closed JSC "Airoport-Service"
Legal address: 633115 Novosibirsk region, Ob-4, airoport 4 "Tolmachevo"
Postal address: 633115 Novosibirsk region, Ob-4, airoport 4 "Tolmachevo"
Share of Issuer in the Charter Capital of the legal entity (%): 50.0013 %

Company name: Limited Liability Company “Sibneft-Yugra”
Legal Address: 628007 Khanty-Mansiysk, Mira St., 149
Postal address: 628007 Khanty-Mansiysk, Mira St., 149
Share of Issuer in the Charter Capital of the legal entity (%): 50 %

Company name: Limited Liability Company “Sibneft-Chukotka”
Legal Address: 689000 Chukotskiy autonomus district, Anadyr, Rultytegina St., 6
Postal address: 113035 Moscow, Sadovnicheskaya St., 4
Share of Issuer in the Charter Capital of the legal entity (%): 50 %

Company name: JSC “Sverdlovsknefteprodukt”
Legal address: 620014 Ekaterinburg, 8 Marta St., 25
Postal address: 620014 Ekaterinburg, 8 Marta St., 25
Share of Issuer in the Charter Capital of the legal entity (%): 40.5 %

Company name: JSC “Meretoyakhaneftegas”
Legal address: YaNAR, Purovskiy district, Muravlenko,Prombaza panel, 15
Postal address: 629604 YaNAR, Purovskiy district, Muravlenko,Prombaza panel, 15
Share of Issuer in the Charter Capital of the legal entity (%): 33.05%

Company name: Limited Liability Company “Krasnoyarsk-Oil-Service”
Legal address: 660049 Krasnoyarsk, Severnoe Shosse, 23 “G”
Postal address: 660049 Krasnoyarsk, Severnoe Shosse, 23 “G”
Share of Issuer in the Charter Capital of the legal entity (%): 19.9778%

Company name: Limited Liability Company “Sibneftenergo”
Legal address: 630099 Novosibirsk, Oktyabrskya St., 52
Postal address: 630099 Novosibirsk, Oktyabrskya St., 52
Share of Issuer in the Charter Capital of the legal entity (%): 19%

Company name: JSC “Oil Products Supplying Company “Uralnefteproduct””
Legal address: 620026, Russia, Ekaterinburg, Narodnoy voli St.,69
Postal address: 620026, Russia, Ekaterinburg, Narodnoy voli St.,69
Share of Issuer in the Charter Capital of the legal entity (%): 16.74 %

Company name: JSC “Ekaterinburg Oil Products Company”
Legal address: 620100 Ekaterinburg, 5 km of Siberian highway
Postal address: 620100 Ekaterinburg, 5 km of Siberian highway
Share of Issuer in the Charter Capital of the legal entity (%): 14.97 %

Company name: Closed JSC “TV6 REGION”
Legal address: 103030 Moscow, Dolgoroukovskaya St., 33, bldg. 8
Postal address: 103030 Moscow, Dolgoroukovskaya St., 33, bldg. 8
Share of Issuer in the Charter Capital of the legal entity (%): 12.5 %

25. Share in Charter Capital of JSC Sibneft of all juridical persons in which the issuer is owner of more than 5% of Charter Capital and also share of their officials in Charter Capital of Issuer:

25.1 Company name: LLC “Fin-Trade”
Legal address: 141008 Moscow region, Mytischy, Novomytischinskiy prospect, 19
Postal address: 141008 Moscow region, Mytischy, Novomytischinskiy prospect, 19
Share of Issuer in the Charter Capital of the legal entity (%): 100%
Share of the legal entity in the Charter Capital of Issuer: No shares

25.2 Company name: Closed JSC “Kuzbassnefteprodukt”
Legal address: 654018 Kemerovo region, Novokuznetck, Polevaya St., 1
Postal address: 654018 Kemerovo region, Novokuznetck, Polevaya St., 1
Share of Issuer in the Charter Capital of the legal entity (%): 100%
Share of the legal entity in the Charter Capital of Issuer: No shares

25.3 Company name: Closed JSC “Sibneftavia”
Legal address: 125040 Moscow, Verchnaya St., 34
Postal address: 125040 Moscow, Verchnaya St., 34
Share of Issuer in the Charter Capital of the legal entity (%): 100 %
Share of the legal entity in the Charter Capital of Issuer: No shares

25.4 Company name: Limited Liability Company “Club Zariche”
Legal address: 109017 Moscow, Pyatniskay St., 46, bldg.1
Postal address: 109017 Moscow, Pyatniskay St., 46, bldg.1
Share of Issuer in the Charter Capital of the legal entity (%): 100 %
Share of the legal entities in the Charter Capital of Issuer: No shares
Officials:
25.4.1 Goncharova Marina Alekseevna
Function of official: individual executive body
Share in the Charter Capital of Issuer: 0 %

25.5 Company name: Limited Liability Company “Sibneft-Tomsk”
Legal address: 634009 Tomsk, Zaozerny Per., 1
Postal address: 634009 Tomsk, Zaozerny Per., 1
Share of Issuer in the Charter Capital of the legal entity (%): 100%
Share of the legal entity in the Charter Capital of Issuer: No shares

25.6 Company name: Limited Liability Company “Khantos”
Legal Address: 628007 Khanty-Mansiysk, Mira St., 149
Postal address: 628007 Khanty-Mansiysk, Mira St., 149
Share of Issuer in the Charter Capital of the legal entity (%): 100 %
Share of the legal entity in the Charter Capital of Issuer: No shares

25.7 Company name: Closed JSC “Sibneft-Ural”
Legal address: 620102 Ekaterinburg, Shaumyana St., 73/16
Postal address: 620102 Ekaterinburg, Shaumyana St., 73/16
Share of Issuer in the Charter Capital of the legal entity (%): 100 %
Share of the legal entity in the Charter Capital of Issuer: No shares

25.8 Company name: Limited Liability Company “Sibneft-Krasnoyarsknefteproduct”
Legal address: 660049 Krasnoyarsk, Severnoe Shosse, 23 “G”
Postal address: 660049 Krasnoyarsk, Severnoe Shosse, 23 “G”
Share of Issuer in the Charter Capital of the legal entity (%): 100%
Share of the legal entity in the Charter Capital of Issuer: No shares

25.9 Company name: Limited Liability Company “Sibneft-AZS Service”
Legal address: 109004, Moscow, Bolshaya Kommunisticheskaya St., 38, bld. 1
Postal address: 109034, Moscow, Kursovoy Per., 4
Share of Issuer in the Charter Capital of the legal entity (%): 100%
Share of the legal entity in the Charter Capital of Issuer: No shares

25.10 Company name: Sib Finance B.V.
Legal address: Herengracht 548, 1017CG Amsterdam, The Netherlands
Postal address: Herengracht 548, 1017CG Amsterdam, The Netherlands
Share of Issuer in the Charter Capital of the legal entity (%): 100%
Share of the legal entity in the Charter Capital of Issuer: No shares

25.11 Company name: JSC "Sibneft-Noyabrskneftegas"
Legal Address: 626726 Tyumen region, Yamalo-Nenesky autonomous district,
Noybrsk, St. Lenina, 59/87
Postal address: 626726 Tyumen region, Noybrsk, St. Lenina, 59/87
Share of Issuer in the Charter Capital of the legal entity (%): 100 %
Share of the legal entity in the Charter Capital of Issuer: No shares
Officials:
25.11.1 Link Yuriy Aleksandrovich
Function of official: Member of Board of Directors
Share in the Charter Capital of Issuer: 0 %

25.11.2 Mukhametzyanov Reval Nurlygayanovich
Function of official: Member of Board of Directors
Share in the Charter Capital of Issuer: 0.00167 %

25.11.3 Matevosov Andrey Rafaelovich 
Function of official: Member of Board of Directors
Share in the Charter Capital of Issuer: 0 %

25.11.4 Stavskiy Mikhail Efimovich
Function of official: Member of Board of Directors
Share in the Charter Capital of Issuer: 0 %

25.11.5 Kovalchuk Olga Konstantinovna
Function of official: Member of Board of Directors
Share in the Charter Capital of Issuer: 0 %

25.11.6 Stavskiy Mikhail Efimovich
Function of official: Individual executive body
Share in the Charter Capital of Issuer: 0 %

25.12 Company: JSC “Sibneft-Omsknefteprodukt”
Legal address: 644099 Omsk-99, Frunze St., 54
Postal address: 644099 Omsk-99, Frunze St., 54
Share of Issuer in the Charter Capital of the legal entity (%): 90 %
Share of the legal entity in the Charter Capital of Issuer: No shares
Officials:
25.12.1 Pokoev Aleksandr Panteleevich
Function of official: Individual executive body
Share in the Charter Capital of Issuer: 0.000758 %

25.12.2 Baibus Vladimir Valentinovich 
Function of official: Member of Board of Directors
Share in the Charter Capital of Issuer: 0 %

25.12.3 Kovalchuk Olga Konstantinovna
Function of official: Member of Board of Directors
Share in the Charter Capital of Issuer: 0 %

25.12.4 Komarov Andrey Borisovich 
Function of official: Member of Board of Directors
Share in the Charter Capital of Issuer: 0 %

25.12.5 Pokoev Aleksandr Panteleevich
Function of official: Member of Board of Directors
Share in the Charter Capital of Issuer: 0.000758 %

25.12.6 Alexandrov Georgy Viktorovich
Function of official: Member of Board of Directors
Share in the Charter Capital of Issuer: 0 %

25.13 Company name: JSC “Sibneft-Omsk Oil Refinery”
Legal address: Russian Federation, Omsk, Goubkina prospect, 1
Postal address: Russian Federation, 644040 Omsk -40, Goubkina prospect, 1
JSC “Sibneft-Omsk Oil Refinery” 
Share of Issuer in the Charter Capital of the legal entity (%): 83.21 %
Share of the legal entity in the Charter Capital of Issuer: No shares 
Officials:
25.13.1 Sarvarov Ildus Irekovich
Function of official: Individual executive body
Share in the Charter Capital of Issuer: 0.000147 %

25.13.2 Martynov Sergey Vaycheslavovich
Function of official: Member of Board of Directors
Share in the Charter Capital of Issuer: 0 %

25.13.3 Kovalchuk Olga Konstantinovna 
Function of official: Member of Board of Directors
Share in the Charter Capital of Issuer: 0 %

25.13.4 Sukharkova Evgeniya Nokolaevna 
Function of official: Member of Board of Directors
Share in the Charter Capital of Issuer: 0 %

25.13.5 Sarvarov Ildus Irekovich
Function of official: Member of Board of Directors
Share in the Charter Capital of Issuer: 0.000147 %

25.13.6 Alexandrov Georgy Viktorovich
Function of official: Member of Board of Directors
Share in the Charter Capital of Issuer: 0 %

25.14 Company Name: Limited Liability Company "Sibneft-Noyabrsknefteprodukt"
Legal Address: 626726 Tyumen region, Noyabrsk, Promyshlennaya zona
Postal address: 626726 Tyumen region, Noyabrsk, Promyshlennaya zona
Share of Issuer in the Charter Capital of the legal entity (%): 75 %
Share of the legal entity in the Charter Capital of Issuer: No shares

25.15 Company name: Closed JSC “Compania mobilnaya karta (Kuzbass)"
Legal address: 652970 Russia, Kemerovskaya region, Tashtagol, Lenina St., 50
Postal address: 652970 Russia, Kemerovskaya region, Tashtagol, Lenina St., 50
Share in the Charter Capital of the legal entity (%): 75 %
Share of the legal entity in the Charter Capital of Issuer: No shares

25.16 Company name: JSC “Sibneft-Noyabrskneftegazgeophizika”
Legal address: 626726 Tyumen region, Yamalo-Nenesky autonomous district,
Noybrsk, Promyshlennay zona 
Postal address: 626726, Tyumen region, Noybrsk, Promyshlennay zona 
Share of Issuer in the Charter Capital of the legal entity (%): 66.704 %
Share of the legal entity in the Charter Capital of Issuer: No shares 
Officials:
25.16.1 Pasechnik Mikhail Petrovich 
Function of official: Individual executive body
Share in the Charter Capital of Issuer: 0.000169 %

25.16.2 Leshko Alla Ivanovna 
Function of official: Member of Board of Directors
Share in the Charter Capital of Issuer: 0 %

25.16.3 Mukhamedzyanov Reval Nurlygayanovich 
Function of official: Member of Board of Directors
Share in the Charter Capital of Issuer: 0.00167 %

25.16.4 Palekhova Nataliya Nikolaevna 
Function of official: Member of Board of Directors
Share in the Charter Capital of Issuer: 0 %

25.16.5 Diyashev Iskander Rasimovich 
Function of official: Member of Board of Directors
Share in the Charter Capital of Issuer: 0 %

25.16.6 Latysh Rostislav Rostislavovich
Function of official: Member of Board of Directors
Share in the Charter Capital of Issuer: 0 %

25.16.7 Svaykin Vladimir Anatolyevich 
Function of official: Member of Board of Directors
Share in the Charter Capital of Issuer: 0 %

25.16.10 Pasechnik Mikhail Petrovich 
Function of official: Member of Board of Directors
Share in the Charter Capital of Issuer: 0.000169 %

25.17 Company name: JSC "Sibneft-Barnaulnefteprodukt"
Legal Address: 656004 Barnaul, Кarl Маrx St., 124
Postal address: 656004 Barnaul, Кarl Маrx St., 124
Share of Issuer in the Charter Capital of the legal entity (%): 66.12%
Share of the legal entity in the Charter Capital of Issuer: No shares

25.18 Company name: JSC "Sibneft-Tyumennefteprodukt"
Legal address: Tyumen, Uritskogo Str., 28
Postal address: 625000, Tyumen, Lenina Str., 67
Share of Issuer in the Charter Capital of the legal entity (%): 57.71 %
Share of the legal entity in the Charter Capital of Issuer: No shares

25.19 Company name: Limited Liability Company “NI and PP “Inpetro”
Legal address: 113035 Moscow, Sadovnicheskaya St., 71, bldg. 3
Postal address: 113035 Moscow, Sadovnicheskaya St., 71, bldg. 3
Share of Issuer in the Charter Capital of the legal entity (%): 51 %
Share of the legal entity in the Charter Capital of Issuer: No shares 

25.20 Company name: Closed JSC “Mediacenter-A7”
Legal Address: Russian Federation,Omsk, 22 Dekabrya St., 98
Postal address: Russian Federation,Omsk, 22 Dekabrya St., 98
Share of Issuer in the Charter Capital of the legal entity (%): 51 %
Share of the legal entity in the Charter Capital of Issuer: No shares

25.21 Company name: Limited Liability Company “Radio-ZS”
Legal address: 629810 YANAO, Noybrsk, Izyskateley St., 51
Postal address: 629810 YANAO, Noyabrsk, P.O.Box 713
Share of Issuer in the Charter Capital of the legal entity (%): 51 %
Share of the legal entity in the Charter Capital of Issuer: No shares

25.22 Company name: Closed JSC "Airoport-Service"
Legal address: 633115 Novosibirsk region, Ob--4, airoport 4 "Tolmachevo"
Postal address: 633115 Novosibirsk region, Ob--4, airoport 4 "Tolmachevo"
Share of Issuer in the Charter Capital of the legal entity (%): 50.0013 %
Share of the legal entity in the Charter Capital of Issuer: No shares

25.23 Company name: Limited Liability Company “Sibneft-Yugra”
Legal Address: 628007 Khanty-Mansiysk, Mira St., 149
Postal address: 628007 Khanty-Mansiysk, Mira St., 149
Share of Issuer in the Charter Capital of the legal entity (%): 50 %
Share of the legal entity in the Charter Capital of Issuer: No shares

25.24 Company name: Limited Liability Company “Sibneft-Chukotka”
Legal address: 689000 Chukotskiy autonomus district, Anadyr, Rultytegina St., 6
Postal address: 113035 Moscow, Sadovnicheskaya St., 4
Share of Issuer in the Charter Capital of the legal entity (%): 50 %
Share of the legal entity in the Charter Capital of Issuer: No shares

25.25 Company name: JSC “Sverdlovsknefteprodukt”
Legal address: 620014 Ekaterinburg, 8th March St., 25
Postal address: 620014 Ekaterinburg, 8th March St., 25
Share of Issuer in the Charter Capital of the legal entity (%): 40.49 %
Share of the legal entity in the Charter Capital of Issuer: No shares

25.26 Company name: JSC “Meretoyakhaneftegas”
Legal address: YaNAR, Purovskiy district, Muravlenko,Prombaza panel, 15
Postal address: 629604 YaNAR, Purovskiy district, Muravlenko,Prombaza panel, 15
Share of Issuer in the Charter Capital of the legal entity (%): 33.05%
Share of the legal entity in the Charter Capital of Issuer: No shares
Officials:
25.26.1 Marchenko Igor Valentinovich 
Function of official: Individual executive body
Share in the Charter Capital of Issuer: 0%

25.26.2 Leshko Alla Ivanovna 
Function of official: Member of Board of Directors
Share in the Charter Capital of Issuer: 0 %

25.26.3 Matevosov Andrey Rafaelovich 
Function of official: Member of Board of Directors
Share in the Charter Capital of Issuer: 0%

25.26.4 Sukharkova Evgeniya Nikolaevna 
Function of official: Member of Board of Directors
Share in the Charter Capital of Issuer: 0 %

25.26.5 Trukhachev Andrey Nikolaevich
Function of official: Member of Board of Directors
Share in the Charter Capital of Issuer: 0 %

25.26.6 Yanchev Petr Viktorovich
Function of official: Member of Board of Directors
Share in the Charter Capital of Issuer: 0 %

25.27 Company name: Limited Liability Company “Krasnoyarsk-Oil-Service”
Legal address: 660049 Krasnoyarsk, Severnoe Shosse, 23 “G”
Postal address: 660049 Krasnoyarsk, Severnoe Shosse, 23 “G”
Share of Issuer in the Charter Capital of the legal entity (%): 19.9778%
Share of the legal entity in the Charter Capital of Issuer: No shares

25.28 Company name: Limited Liability Company “Sibneftenergo”
Legal address: 630099 Novosibirsk, Oktyabrskya St., 52
Postal address: 630099 Novosibirsk, Oktyabrskya Str., 52
Share of Issuer in the Charter Capital of the legal entity (%): 19%
Share of the legal entity in the Charter Capital of Issuer: No shares

25.29 Company name: JSC “Oil Products Supplying Company “Uralnefteproduct””
Legal address: 620026, Russia, Ekaterinburg, Narodnoy voli St.,69
Postal address: 620026, Russia, Ekaterinburg, Narodnoy voli St.,69
Share of Issuer in the Charter Capital of the legal entity (%): 16.74 %
Share of the legal entity in the Charter Capital of Issuer: No shares

25.30 Company name: JSC “Ekaterinburg Oil Products Company”
Legal address: 620100 Ekaterinburg, 5 km of Siberian highway
Postal address: 620100 Ekaterinburg, 5 km of Siberian highway
Share of Issuer in the Charter Capital of the legal entity (%): 14.97 %
Share of the legal entity in the Charter Capital of Issuer: No shares

25.31 Company name: Closed JSC “TV6 REGION”
Legal address: 103030 Moscow, Dolgorukovskaya St., 33, bldg. 8
Postal address: 103030 Moscow, Dolgorukovskaya St., 33, bldg. 8
Share of Issuer in the Charter Capital of the legal entity (%): 12.5 %
Share of the legal entity in the Charter Capital of Issuer: No shares
26. Other affiliates of Issuer.
26.1 Company name: Sibneft Oil Trade Company Limited
Legal address: 3 Floor, Omar Hodge Building, Wickhams Cay I, P.O. Box 362, Road Town, Tortola, British Virgin Islands
Postal address: 3 Floor, Omar Hodge Building, Wickhams Cay I, P.O. Box 362, Road Town, Tortola, British Virgin Islands
Share of Issuer in the Charter Capital of the legal entity (%): No shares
Share of the legal entity in the Charter Capital of Issuer: No shares

26.2 Company name: OJSC Medical Insurance Company “Panaceya”
Legal address: 626726 Russian Federation, Yamal-Nenets Autonomus region, Tyumen region, Noyabrsk, Sovetskaya St., 86
Postal address: 626726 Russian Federation, Yamal-Nenets Autonomus region, Tyumen region, Noyabrsk, Sovetskaya St., 86
Share of Issuer in the Charter Capital of the legal entity (%): No shares
Share of the legal entity in the Charter Capital of Issuer: No shares

26.3 Company name: JSC "Factory of ceramic and construction materials"
Legal Address: Russian Federation, Tyumen region, Yamalo-Nenetckiy Autonomous District, Noyabrsk, promzona 
Postal address: Russian Federation, Tyumen region, Yamalo-Nenetckiy Autonomous District, Noyabrsk, promzona
Share of Issuer in the Charter Capital of the legal entity (%): No shares
Share of the legal entity in the Charter Capital of Issuer: No shares

26.4 Company name: Open JSC "NoyabrskAUTOservice"
Legal Address: Russian Federation, Tyumen region, Yamalo-Nenetckiy Autonomous District, Noyabrsk, promzona
Postal address: Russian Federation, Tyumen region, Yamalo-Nenetckiy Autonomous District, Noyabrsk, promzona
Share of Issuer in the Charter Capital of the legal entity (%): No shares
Share of the legal entity in the Charter Capital of Issuer: No shares

26.5 Company name: Closed JSC "Publishing house "Blagovest"
Legal address: Russia, Tyumen region, Yamalo-Nenetckiy Autonomous District, Noyabrsk, Prospekt Mira, 78А
Postal address: Russia, Tyumen region, Yamalo-Nenetckiy Autonomous District, Noyabrsk, Prospekt Mira, 78А 
Share of Issuer in the Charter Capital of the legal entity (%): No shares
Share of the legal entity in the Charter of Issuer: No shares

26.6 Company name: LLC "Neftechimstroy"
Legal address: 644040 Russia, Omsk-40, prospekt Gubkina, 1
Postal address: 644040 Russia, Omsk-40, prospekt Gubkina, 1
Share of Issuer in the Charter Capital of the legal entity (%): No shares
Share of the legal entity in the Charter Capital of Issuer: No shares

26.7 Company name: LLC "Center of food and trading"
Legal address: 644040 Russia, Omsk, Neftezavodskaya St., 1
Postal address: 644040 Russia, Omsk, Neftezavodskaya St., 1
Share of Issuer in the Charter Capital of the legal entity (%): No shares
Share of the legal entity in the Charter Capital of Issuer: No shares

26.8 Company name: LLC "Interer-plus"
Legal address: 644040 Russia, Omsk -40, prospekt Gubkina, 1 
Postal address: 644040 Russia, Omsk -40, prospekt Gubkina, 1 
Share of Issuer in the Charter Capital of the legal entity (%): No shares
Share of the legal entity in the Charter Capital of Issuer: No shares

26.9 Company name: LLC "Neftechimremont"
Legal address: 644040 Russia, Omsk -40, prospekt Gubkina, 1 
Postal address: 644040 Russia, Omsk -40, prospekt Gubkina, 1 
Share of Issuer in the Charter Capital of the legal entity (%): No shares
Share of the legal entity in the Charter Capital of Issuer: No shares

26.10 Company name: LLC "Maintenance station Virazh"
Legal address: Russia, Omsk, village Karer, 817 km of Novosibirskiy highroad
Postal address: Russia, Omsk, village Karer, 817 km of Novosibirskiy highroad
Share of Issuer in the Charter Capital of the legal entity (%): No shares
Share of the legal entity in the Charter Capital of Issuer: No shares

26.11 Company name: LLC "Maintenance station № 32"
Legal address: Russia, Omsk, 3-ya Molodezhnaya St., 12а
Postal address: Russia, Omsk, 3-ya Molodezhnaya St., 12а
Share of Issuer in the Charter Capital of the legal entity (%): No shares
Share of the legal entity in the Charter Capital of Issuer: No shares

26.12 Company name: LLC "Product-technical firm "Nefteproductservice"
Legal address: 644024 Russia, Omsk, 10 let Oktyabrya St., 33
Postal address: 644024 Russia, Omsk, Frunze St., 54
Share of Issuer in the Charter Capital of the legal entity (%): No shares
Share of the legal entity in the Charter Capital of Issuer: No shares

26.13 Company name: LLC “PromService
Legal address: Russian Federation, Yamalo-Nenetskiy autonomous district, Muravlenko, promzona
Postal address: 626601 Russian Federation, Yamalo-Nenetskiy autonomous district, Muravlenko, promzona
Share of Issuer in the Charter Capital of the legal entity (%): No shares
Share of the legal entity in the Charter Capital of Issuer: No shares

26.14 Company name: LLC “Service Boring Company” 
Legal address: Russian Federation, Tyumen region, Yamalo-Nenetskiy autonomous district, Noyabrsk, promzona
Postal address: 629807 Russian Federation, Tyumen region, Yamalo-Nenetskiy autonomous district, Noyabrsk, promzona
Share of Issuer in the Charter Capital of the legal entity (%): No shares
Share of the legal entity in the Charter Capital of Issuer: No shares

26.15 Company name: LLC “Kapitalny remont skvazhin – Service” 
Legal address: Russian Federation, YANAO, Noyabrsk, promzona
Postal address: 629807 Russian Federation, YANAO, Noyabrsk, promzona
Share of Issuer in the Charter Capital of the legal entity (%): No shares
Share of the legal entity in the Charter Capital of Issuer: No shares

26.16 Company name: LLC “Tyumenbazsnab"
Legal address: 625010, Tyumen, Barabinskaya St.,1
Postal address: 625010, Tyumen, Barabinskaya St.,1
Share of Issuer in the Charter Capital of the legal entity (%): No shares
Share of the legal entity in the Charter Capital of Issuer: No shares

26.17 Company name: OJSC “Sibneft-Sibir"
Legal address: 625048, Tyumen, Kharkovskaya St.,59
Postal address: 625048, Tyumen, Kharkovskaya St.,59
Share of Issuer in the Charter Capital of the legal entity (%): No shares
Share of the legal entity in the Charter Capital of Issuer: No shares

26.18 Company name: LLC “Avtomatika-service"
Legal address: 644040, Omsk, Gubkina prospect,1
Postal address: 644040, Omsk, Gubkina prospect,1
Share of Issuer in the Charter Capital of the legal entity (%): No shares
Share of the legal entity in the Charter Capital of Issuer: No shares
27. Issuer’s Share in the Charter Capital of other affiliates.
Please see articles 24, 25, 26
28. Share of affiliates, their founders and officers in Issuer’s Charter Capital.
Please see article 24, 25, 26
29. Individuals owning more than 5% votes at the shareholders’ meeting.
Company name: Closed JSC "ING BANK (EURASIA) CJSC" (Nominee)
Share: 24.1171 %

Company Name: Closed JSC "ABN AMRO BANK А.О." (Nominee)
Share: 19.7297 %

Company name: JSC “West-Siberian Depository”(Nominee)
Share: 14.8957 %

Company name: Non-profit partnership “NATIONAL DEPOSITORY CENTER” (Nominee)
Share: 14.8657 %

Company name: Limited Liability Company "DEUTSCHE BANK" (Nominee)
Share: 13.8478 %

30. Issuer’s Share in industrial, banking and financial groups, holdings, corporations and associations.
Full name: “Russian Marketing Association”
Function of the Issuer: Member of Association 

Full name: Non-profit partnership «Siberian hockey corporation»
Function of the Issuer: The partnership co-founder

Full name: Non-profit partnership “Western-Siberian investments center”
Function of the Issuer: The partnership co-founder
31. Branches and representative offices of the Issuer.
Full name: Moscow branch
Legal address: 109017, Moscow, Bolshoy Tolmachevskiy pereulok, 3
Postal address: 113035, Moscow, Sadovnicheskaya St., 4
Full name of the manager: Goncharova Marina Alekseevna 
Opening date: August 16, 1996 
Power of attorney validity: till April 1, 2002

Full name: Yamalsk representative office
Legal address: 626600 Tyumen region, Yamalo-Nenetskiy Autonomous District, Salekhard, Obskaya St., 20.
Postal address: 626600 Tyumen region, Yamalo-Nenetskiy Autonomous District, Salekhard, Obskaya St., 20.
Full name of the manager: Lyalin Vladimir Mikhaylovich
Opening date: April 29, 1996
Power of attorney validity: till February 01, 2003

Full name: Noyabrsk branch
Legal address: Yamalo-Nenetskiy Autonomous District, Noyabrsk
Postal address: Yamalo-Nenetskiy Autonomous District, Noyabrsk
Full name of the manager: Elfimov Vladimir Alekseevich
Opening date: September 6, 2000
Power of attorney validity: till March 01, 2002
32. Issuer’s personnel.
Average number of employees including employees working in branches and representative offices for the accounting period: 596
33. Description of the basic types of the activities of the Issuer.
Oil production and refining in the Russian Federation is basically carried out by a number of  Vertically Integrated Companies such as LUKoil, YUKOS, Surgutneftegas, Tatneft, Sidanco, Tyumenskaya Neftyanaya Companiya, Sibneft, Rosneft and others.
Sibneft’s operations span the range of activities including:
· oil and gas exploration, development and production;
· oil refining;
· oil and refined products selling.
The main types of Sibneft’s activities:
· crude oil, gas;
· refined oil products.
Sources of raw materials and services:
“Sibneft” and its subsidiary JSC “Sibneft-Noyabrskneftegas” own licenses for exploration of fields at the territory of YNAR, KMAR and Omsk region.
JSC “Sibneft” enlists its subsidiaries for execution of production and also makes use of services from the number of Russian and foreign contractors. The suppliers of material and technical resources are Russian and foreign producers. 
The core raw material for JSC "Sibneft-Omsk Oil Refinery" is crude oil, produced by JSC "Sibneft-Noyabrskneftegas".
· Refined products distributed through JSC “Sibneft-Omsknefteproduct”, JSC “Sibneft-Barnaulnefteproduct”, Closed JSC “Kuzbassnefteproduct”, JSC “Sverdlovsknefteprodukt”, JSC “Ekaterinburgnefteprodukt”, JSC "Sibneft-Tyumennefteprodukt", LLC “Sibneft-Noyabrsknefteprodukt”, LLC “Sibneft-AZS Service”, LLC “Sibneft-Krasnoyarsknefteprodukt”are the oil products produced by OJSC “Sibneft-Omsk Oil Refinery”. Sibneft sells refined products primarily in Omsk region, Kemerovo region, Altay region, Krasnoyarskiy region, Tyumen region (including Yamalo-Nenetskiy and Khanty-Mansiyskiy Autonomous Districts), Novosibirsk region, Sverdlovsk region, Tomsk region, Kurgan region, Irkutsk region.
Crude oil and refined products are also exported to the countries near and far abroad.
Working Capital Requirements:
Issuer is implementing strategy aimed at optimization of the working capital and inventory.
Seasonal operations:
Issuer’s activities are not affected by the seasonal factor.
Main competitors:
Main competitors of OJSC Sibneft are vertically integrated Russian oil companies, Sibneft competes with these companies in the markets where it sells its refined products. 

34. Investment's declaration. Description of the basic types of the activities of the Issuer.
Provided only by investment funds.
35. Strategy.
With the purpose of creation of the base for stable development, improving of competitiveness and increase of profit in the interest of all shareholders the Company is carrying out works on following priority directions:
•	Capital consolidation and optimizing of a management structure at the expense of transition on one share.
•	Completion of wide-ranging restructuring programme that provides reorganization of several service structures into independent subdivisions, sale of nonspecialized enterprises and transfer of social assets to municipal officials.
•	Increase of capital investments into oil production.
•	Increase of oil extraction.
•	Intensification of work at the new fields.
•	Applying of advanced technologies, worked out together with Schlumberger, Halliburton, Baker Hughes, Deutag (horizontal drilling, hydrofracturing well restoration, kickoff second shafts)
•	Supplementary exploration of reserves of oil by exploration drilling, carrying out 3D seismic studies, reconstruction and increase of output of low-performance and inoperative wells.
•	Improving of quality of gasoline and diesel oil up to the perspective level at the expense of the implementation of sulphurous acid alkylation unit, catalic reforming unit with continuous catalyst regeneration.
•	Improving of ecological situation at the technological units at the expense of the implementation of new technology of cleaning the soil and water from contaminating by oil refined products, decrease of energy consumption at the expense of implementation of power-saving technologies.
•	Expansion of network of stationary and container petrol stations of European standards, developing and strengthening Company’s position at the distribution market of oil products.
Draft business plan for 2003 defines further development of priority directions of Company’s main activities, increasing in oil-producing assets and maximum returning from capital assets, increasing of effectiveness and cost cutting.
36. Issuer Charter Capital.
Amount of Charter Capital (RUR): 7 586 079.4224

Distribution of Charter Capital by species of stocks:
Ordinary stocks:
Total amount (RUR): 7 586 079.4224
Share in Charter Capital: 100 %
Preferred stocks:
Total amount (RUR): 0
Share in Charter Capital: 0 %

37. Government Participation in Sibneft’s Charter Capital
The Government share of Charter Capital of Issuer:
No such shares

The share of Issuer’s Charter Capital that is in the State (municipal) ownership:
No such shares

The presence of the special rights on participation of the Russian Federation, subject of the Russian Federation in the management of Issuer (“gold share”)
No such rights
38. Declared shares.
No such shares

39. Essential agreements and obligations of Issuer.

40. The Issuer’s obligations for share and convertible securities into shares
No obligation.
41. Information on sanctions imposed on Issuer, information on litigations and inspections.
Sanctions imposed on Issuer by the organs of government and by court for the last three financial years and for the current year.
No such sanctions.

Description of all current or finished litigations in the reporting period, which can essentially affect the activity of Issuer:
No such litigations.

Description of ground of all current or finished inspections in the reporting period of Issuer, which are conducted by the organs of government, and also audit of Issuer, which is conducted by request of shareholders:
No such inspections.

42. Material information (events, activities) for the reporting period. 

Date of fact’s occurrence (actions): 10.10.2002
Code: 1500146A10102002

At OJSC “Sibneft” Board meeting held on 08 October, 2002 in regards of the second issue of agenda “On Holding an Extraordinary General Shareholders’ Meeting” there was a resolve made to establish a date of compiling a list of the shareholders entitled to take part in the extraordinary general shareholders’ meeting as 08 October, 2002, as of 19:00 hours.

Vice President									E.Y.Poltorak

Date of fact’s occurrence (actions): 10.10.2002
Code: 1300146A10102002

At OJSC “Sibneft” Board meeting held on 08 October, 2002 the following resolves were made on the issues of agenda:

“2.1. To hold an extraordinary general shareholders’ meeting on 22 November, 2002 in the form of an absentee voting with the following agenda:

1.	To reorganize OJSC Sibneft in the form of accession of LLC Antarex to the Company
2.	To approve the Agreement on Accession and the Transfer Certificate

2.2. The summation of the voting results on the issues of agenda shall be committed to the Company registrar OJSC “Registrator R. O. S. T.” acting as a calculating commission of 22 November, 2002 at 14:00 hours at Moscow, Stromynka St., 18, building 13.
Potapov K. N. shall be appointed Chairman of the special general shareholders’ meeting, Novikov V. I. shall be appointed secretary of the special general shareholders’ meeting, both shall be in charge of the drawing up of the Minutes of the Meeting.

2.3. To establish the date of compiling a list of persons entitled to take part in the extraordinary general OJSC “Sibneft” shareholders’ meeting as of 08 October, 2002 at 19:00 hours.

2.4. To confirm the following information list presented to the shareholders during preparation to the extraordinary general shareholders’ meeting:
-	annual reports and balance sheets of JSC Sibneft and LLC Antarex as for the last reporting date and for the last 3 financial years;
-	a conclusion of an independent valuator;
-	the Agreement on LLC Antarex Accession and the Transfer Certificate;
-	issues of agenda information.

9 members of the Board of Directors took part in the Meeting. Decisions on the second questions of agenda was made unanimously.

Vice President									E.Y.Poltorak

Date of fact’s occurrence (actions): 21.10.2002
Code: 1300146A21102002

At OJSC “Sibneft” Board meeting held on 18 October, 2002 the following resolves were made on the issues of agenda:

On the first question: “To approve the market value for buy-back shares of JSC Sibneft.” 
It was resolved:
To determine the market value of shares which one to be purchased by the Company from shareholders, who voted against reorganization of JSC Sibneft in the form of accession of LLC Antarex or who didn’t take part in the voting, subject to the Conclusion of independent valuer ZAO “International center of valuation” # 47/06/02-PA dated 07.10.2002 in the amount of 52 rubles 26 kopecks per one ordinary share.

On the second question: “On the Agreement on Accession of LLC Antarex to JSC Sibneft and transfer certificate to this Agreement”
It was resolved:
To approve the main terms of the Agreement on Accession of LLC Antarex to JSC Sibneft and to recommend to approve this agreement and transfer certificate by the general shareholders meeting of JSC Sibneft.

On the third question: “On the acquisition of the shares of JSC Sibneft”
It was resolved:
3.1. To acquire ordinary shares of JSC Sibneft in the number of 2 000 (two thousand) at the price of 55 rubles 92 kopecks.
3.2. To approve the text of the offer on acquisition of shares and to send it to the shareholders by registered mail till 22 November, 2002

On the forth question: “On approving the text of the notice of the Shareholders meeting and of the form and text of the bulletins for voting at the extraordinary general shareholders meeting”
It was resolved:
4.1. To approve the text of the notice of the extraordinary general shareholders meeting of JSC Sibneft. 
4.2. To approve the form and text of the bulletins for voting at the extraordinary general shareholders meeting of JSC Sibneft
4.3. To charge the registrar to send notice of the Extraordinary Shareholders meeting and bulletins for voting on the questions of agenda to shareholders by registered mail till 22 November 2002 and to publish the announcement of the shareholders meeting in “Rossiyskaya gazeta” till mentioned date.

7 members of the Board of Directors from 9 took part in the Meeting. Decisions on all questions of agenda were made unanimously.

NOTIFICATION
of the Extraordinary Meeting of Shareholders of JSC Sibneft

Dear Shareholder!

Joint Stock Company Siberian Oil Company (the “Company”), located at the address: Russia, 646160, Omsk region, Lyubinsky district, poselok Lyubinsky, Octyabrskaya St., 85, informs you that the Extraordinary Meeting of Shareholders of JSC Sibneft will be held in the form of absentee voting on 22 November, 2002.
The date of compilation of the list of shareholders entitled to participate in the Meeting – 08 October, 2002 (at 7:00 p.m.).

Agenda of the Meeting:
1.	To reorganize JSC Sibneft in the form of accession of LLC ANTAREX.
2.	To approve agreement of accession and transfer certificate.

The above-stated questions are submitted to the Shareholders Meeting in connection with Company’s policy of optimization of step-by-step accession of the most attractive oil-traders working with the Company. 

Results of the Extraordinary Shareholders Meeting will be summed up on 22 November, 2002 at 2.00 p.m. in OJSC Registrator R.O.S.T. at the address: Russian Federation, Moscow, Stromynka St., 18, bldg. 13
All information, provided to shareholders in preparation for the Meeting, will be available after 22 October, 2002:
•	at the registrar of JSC Sibneft (OJSC Registrator R.O.S.T.), address: Russian Federation, Moscow, Stromynka St., 18, bldg. 13, tel.: +7 (095) 786-69-75;
•	at JSC Sibneft, address: Omsk, Frunze St., 54, tel.: (381-2) 24-64-35;
•	at the Secretariat of the Board of Directors of JSC Sibneft, address: Russian Federation, 113035, Moscow, Sadovnicheskaya St., 4, tel.: +7 (095) 777-31-26, 961-13-24.
•	at securities department of JSC “Sibneft-NNG”, address: Russian Federation, Noyabrsk, Lenin St., 59/87, tel.: (34-564) 4-61-00.
Please fill in the bulletins. Bulletins of shareholders-natural persons should be signed by shareholder personally.
In the event when bulletins are signed by:
-	shareholder’s representative, then properly executed power of attorney should be enclosed with the bulletins. A power of attorney of shareholder representative should be notarized or should be according to paragraph 4,5, article 185 of the Civil Code of the Russian Federation. A power of attorney should contain the following information: date and place of issue; full name (first name, last name), address (place of residence), information on registration (passport data) of principal and representatives, limits of the authority and signature of a representative.
-	representative of natural person then first name and last name of representative should be specified in the bulletins and notarized documents on the basis of which representative acts should be enclosed with the bulletins;
-	head of juridical person then position, first name and last name attested by seal of organization should be specified in the bulletins.
Filled and signed bulletins for absentee voting should be presented to OJSC Registrator R.O.S.T. at the address: 107996, Moscow, Stromynka St., 18, bldg. 13, p/b 9, tel.: (095) 786-69-75, personally or by mail till 12:00 (Moscow time) 22.11.2002.
Results of the Extraordinary Shareholders Meeting will be published in newspaper “Business in Russia” (supplement to “Rossiyskaya Gazeta”) not later than 10 December, 2002.
According to article 75 of Federal Law On Joint Stock Companies in the event that the Extraordinary Shareholders Meeting made the decision on reorganization of the Company a shareholder that didn’t take part in the voting or voted against such decision has the right to demand the redemption of all or part of shares belonging to him. The market value of shares which one to be purchased by the Company is determined by the decision of the Board of Directors on the basis of the Conclusion of independent valuer and it amounts to 52 rubles 26 kopecks per one ordinary share of JSC Sibneft. Written request to buy back the shares should be sent to the following address: Russian Federation, 107996, Moscow, Stromynka St., 18, bldg. 13, p/b 9, OJSC Registrator R.O.S.T. within 45 days since the date of the decision of reorganization. The following information should be stated in the request: address (place of residence) of the shareholder, number of shares offered to buy back.

Board of Directors of JSC Sibneft

Vice President									E.Y.Poltorak

Date of fact’s occurrence (actions): 28.10.2002
Code: 0800146A28102002

According to the accounting report the value of assets:
- as for the last date of the quarter, previous to the reporting (II quarter 2002) 71.744.490 thousand roubles.
- as for the last date of the reporting quarter (III quarter 2002) 96.848.351 thousand roubles.
The value of assets increased by 25.103.861 thousand roubles for III quarter 2002.
Increasing of the value of assets by 34.99% occurred due to increase in receivables and long term investments.

Vice President									E.Y.Poltorak

Chief Accountant 								E.N. Sukharkova

Date of fact’s occurrence (actions): 28.10.2002
Code: 0900146A28102002

According to the accounting report the value of profit was:
-	resulted for the first half-year period of 2002 1.393.553 thousand roubles;
-	resulted for the nine-months period of 2002 4.096.576 thousand roubles.
The value of profit for III quarter 2002 amounted 2.703.023 thousand roubles.
In comparison with the value of profit for III quarter 2002 amounted 1.711.532 thousand roubles the value of profit increased by 991.491 thousand roubles for III quarter 2002. Increase in the value of profit for III quarter 2002 by 57,93% occurred due to increase in the amount of  proceeds and decrease in first costs.

Vice President									E.Y.Poltorak

Chief Accountant								E.N.Sukharkova

Date of fact’s occurrence (actions): 29.10.2002
Code: 0400146A29102002

JSC Sibneft has established the subsidiary named LLC “Fin-Trade” with 100 per cent share.
Legal address: 141008, Moscow region, Mytischi, Novomytischinskiy Avenue, 19
Postal address: 141008, Moscow region, Mytischi, Novomytischinskiy Avenue, 19
Date of the changing: 29.10.2002

Vice President									E.Y.Poltorak

Date of fact’s occurrence (actions): 06.11.2002
Code: 1300146A06112002

At OJSC “Sibneft” Board meeting held on 06 November, 2002 the following resolves were made on the issues of agenda:

On the second issue of agenda “To approve the major transactions”:
“2.1. To recommend the Extraordinary General Meeting of Shareholders of JSC Sibneft to approve to make loan to LLC Fin-Trade in the amount in roubles which is equivalent to 1.7 billion US dollars, and to approve mentioned transaction as major transaction at the EGM.

2.2. To recommend the Extraordinary General Meeting of Shareholders of JSC Sibneft to approve loan agreements executed by JSC Sibneft from March 2001 till October 2002 as interconnected transactions which are in total make major transaction with the total amount which is equivalent to 2 158 million US dollars and to approve mentioned transaction as major transaction at the EGM.”

On the third issue of agenda “ To hold an extraordinary general shareholders’ meeting of JSC Sibneft”:
“3.1. To hold an extraordinary general shareholders’ meeting on 21 December, 2002 in the form of an absentee voting with the following agenda:

1.	To approve the charter of JSC Sibneft in new edition.
2.	To approve the major transactions.

3.2. The summation of the voting results on the issues of agenda shall be committed to the Company registrar OJSC “Registrator R. O. S. T.” acting as a calculating commission of 21 December, 2002 at 14:00 hours at Moscow, Stromynka St., 18, building 13.
Potapov K. N. shall be appointed Chairman of the special general shareholders’ meeting, Novikov V. I. shall be appointed secretary of the special general shareholders’ meeting, both shall be in charge of the drawing up of the Minutes of the Meeting.

3.3. To establish the date of compiling a list of persons entitled to take part in the extraordinary general OJSC “Sibneft” shareholders’ meeting as of 06 November, 2002 at 19:00 hours.

3.4. To confirm the following information list presented to the shareholders during preparation to the extraordinary general shareholders’ meeting:
-	Draft of the charter of JSC Sibneft in new edition;
-	Information on the questions of agenda;
-	Recommendations of the Board of Directors for the voting at the EGM”

8 members of the Board of Directors from 9 took part in the Meeting. Decisions on the second and third questions of agenda were made unanimously.

Vice President									E.Y.Poltorak

Date of fact’s occurrence (actions): 06.11.2002
Code: 1500146A06112002

At OJSC “Sibneft” Board meeting held on 06 November, 2002 in regards of the third issue of agenda “On Holding an Extraordinary General Shareholders’ Meeting” there was a resolve made to establish a date of compiling a list of the shareholders entitled to take part in the extraordinary general shareholders’ meeting as 06 November, 2002, as of 19:00 hours.

Vice President									E.Y.Poltorak

Date of fact’s occurrence (actions): 19.11.2002
Code: 1300146A19112002

At OJSC “Sibneft” Board meeting held on 19 November, 2002 the following resolves were made on the issues of agenda:
1.	To insert amendments into the agenda of the EGM.
2.	To approve the text of the notice of the holding of the EGM.
3.	To approve the form and text of the voting bulletins at the EGM of shareholders.

On the first question: 
1.1.	“To insert the following amendments into the agenda of the Extraordinary General Meeting of shareholders, held on 21 December 2002:
-	to insert into the agenda the question on approving the new edition of the Regulation on the Board of Directors of JSC Sibneft;
-	to exclude from the agenda the question on approving the facility agreements, executed by JSC Sibneft, which in aggregate form the major transaction. Examination of this question will be postponed until it will be specified the amount of major loans.

1.2.	To approve the following agenda of the Extraordinary General Meeting of shareholders, held on 21 December 2002:
3.	To approve the charter of JSC Sibneft in new edition.
4.	To approve the Regulation on the Board of Directors of JSC Sibneft in new edition.
5.	To approve the major transaction.”

On the second question: 
“2.1. To approve the text of the notification for shareholders of the holding of the EGM of JSC Sibneft (Annex 1)”

On the third question: 
“3.1. To approve the form and text of the voting bulletins at the EGM of shareholders of JSC Sibneft 
3.2. To charge the registrar to send notifications of the EGM and bulletins for voting on questions of the agenda to shareholders by the registered mail – till 21 November, 2002 and also to publish till mentioned date the announcement of holding of the Meeting in newspaper “Rossiyskaya Gazeta””

9 members of the Board of Directors took part in the Meeting. Decisions on all questions of agenda were made unanimously.
Annex 1

NOTIFICATION
of the Extraordinary Meeting of Shareholders of JSC Sibneft

Dear Shareholder!

Joint Stock Company Siberian Oil Company (the “Company”), located at the address: Russia, 646160, Omsk region, Lyubinsky district, poselok Lyubinsky, Octyabrskaya St., 85, informs you that the Extraordinary Meeting of Shareholders of JSC Sibneft will be held in the form of absentee voting on 21 December, 2002.
The date of compilation of the list of shareholders entitled to participate in the Meeting – 06 November, 2002 (at 7:00 p.m.).

Agenda of the Meeting:
6.	To approve the Charter of JSC Sibneft in new edition.
7.	To approve the Regulation on the Board of Directors of JSC Sibneft in new edition.
8.	To approve major transaction.

Results of the Extraordinary Shareholders Meeting will be summed up on 21 December, 2002 at 2.00 p.m. in OJSC Registrator R.O.S.T. at the address: Russian Federation, Moscow, Stromynka St., 18, bldg. 13
All information, provided to shareholders in preparation for the Meeting, will be available after 21 November, 2002:
•	at the registrar of JSC Sibneft (OJSC Registrator R.O.S.T.), address: Russian Federation, Moscow, Stromynka St., 18, bldg. 13, tel.: +7 (095) 786-69-75;
•	at JSC Sibneft, address: Omsk, Frunze St., 54, tel.: (381-2) 24-64-35;
•	at the Secretariat of the Board of Directors of JSC Sibneft, address: Russian Federation, 113035, Moscow, Sadovnicheskaya St., 4, tel.: +7 (095) 777-31-26, 961-13-24.
•	at securities department of JSC “Sibneft-NNG”, address: Russian Federation, Noyabrsk, Lenin St., 59/87, tel.: (34-564) 4-61-00.
You may also find all information materials for the shareholder’s meeting at our web-site in Internet www.sibneft.ru.
Please fill in the bulletins. Bulletins of shareholders-natural persons should be signed by shareholder personally.
In the event when bulletins are signed by:
-	shareholder’s representative, then properly executed power of attorney should be enclosed with the bulletins. A power of attorney of shareholder representative should be notarized or should be according to paragraph 4,5, article 185 of the Civil Code of the Russian Federation. A power of attorney should contain the following information: date and place of issue; full name (first name, last name), address (place of residence), information on registration (passport data) of principal and representatives, limits of the authority and signature of a representative.
-	representative of natural person then first name and last name of representative should be specified in the bulletins and notarized documents on the basis of which representative acts should be enclosed with the bulletins;
-	head of juridical person then position, first name and last name attested by seal of organization should be specified in the bulletins.
Filled and signed bulletins for absentee voting should be presented to OJSC Registrator R.O.S.T. at the address: 107996, Moscow, Stromynka St., 18, bldg. 13, p/b 9, tel.: (095) 786-69-75, personally or by mail till 12:00 (Moscow time) 21.12.2002.
Results of the Extraordinary Shareholders Meeting will be published in newspaper “Business in Russia” (supplement to “Rossiyskaya Gazeta”) not later than 15 January, 2003.

Vice President									E.Y.Poltorak

Date of fact’s occurrence (actions): 28.11.2002
Code: 1200146A28112002

Extraordinary Meeting of Shareholders of JSC Sibneft was held on 22 November, 2002.
Form of the Meeting - absentee voting.

The questions for voting, the results of the voting, the decisions of the EGM:

1. To reorganize JSC Sibneft in the form of accession of LLC ANTAREX.
Decision: To reorganize JSC Sibneft in the form of accession of LLC ANTAREX.
The results of the voting: At the date of receiving voting bulletins 849 bulletins #1 were received from shareholders, which own in aggregate of 4 139 420 740 votes, which is 87,3056% from the total quantity of voting shares of the Company. There was the quorum for making the decision.  
				“For” – 4 139 278 403 votes or 99.9964% of votes.
“Against” – 75 866 votes or 0.0018% of votes.
“Abstain” – 55 037 votes or 0.0014% of votes.

2. To approve agreement of accession and transfer certificate.
Decision:  To approve the agreement of accession of LLC ARGUS to JSC Sibneft and the transfer certificate
The results of the voting: At the date of receiving voting bulletins 852 bulletins #2 were received from shareholders, which own in aggregate of 4 139 427 234 votes, which is 87,3058% from the total quantity of voting shares of the Company. There was the quorum for making the decision.  
	“For” – 4 139 278 888 votes or 99.9964% of votes.
“Against” – 75 866 votes or 0.0018% of votes.
“Abstain” – 55 637 votes or 0.0014% of votes.

President									E.M. Shvidler

Date of fact’s occurrence (actions): 03.12.2002
Code: 0700146A03122002

In accordance with the executed loan agreements OJSC “Sibneft” has received the loan in the total amount of 500.000.000 US dollars. The lender  - bank “Salomon Brothers AG” financed the loan through the extra issue of the bonds with the maturity on January 2009 with fixed income in the form of half-year coupon at the rate of 10,75%. 

President										E.M. Shvidler

Date of fact’s occurrence (actions): 21.12.2002
Code: 1200146A21122002

Extraordinary Meeting of Shareholders of JSC Sibneft was held on 21 December, 2002.
Form of the Meeting - absentee voting.

The questions for voting, the results of the voting, the decisions of the EGM:

QUESTION 1 " To approve the Charter of JSC Sibneft in new edition ". 
Decision: To approve the Charter of JSC Sibneft in new edition. 
The results of the voting:
At the date of receiving voting bulletins 1 051 bulletins #1 were received from shareholders, which own in aggregate of 4 356 770 843 votes, which is 91,8898% from the total quantity of voting shares of the Company. There was the quorum for making the decision on the question 1.  
				“For” – 4 356 372 368 votes or 99,9909% of votes.
“Against” – 43845 votes or 0,0010% of votes.
“Abstain” – 133447 votes or 0.0031% of votes. 

QUESTION 2 "To approve the Regulation on the Board of Directors of JSC Sibneft in new edition ".
Decision: To approve the Regulation on the Board of Directors of JSC Sibneft in new edition
The results of the voting:
At the date of receiving voting bulletins 1 052 bulletins #2 were received from shareholders, which own in aggregate of 4 358 866 949 votes, which is 91,9340% from the total quantity of voting shares of the Company. There was the quorum for making the decision on the question 2. 
				“For” – 4 356 408 984 votes or 99,9436% of votes.
“Against” – 2 141 713 votes or 0,0491% of votes.
“Abstain” – 98 673 votes or 0.0023% of votes. 

QUESTION 3 «To approve major transaction».
There was NOT MADE the decision: To approve the execution of the Loan Agreement between JSC Sibneft and LLC Fin-Trade at the amount in roubles in equivalent to 1.700.000.000 US dollars. Lender – JSC Sibneft, borrower – LLC Fin-Trade
The results of the voting:
At the date of receiving voting bulletins 1 050 bulletins #3 were received from shareholders, which own in aggregate of 4 357 352 262  votes, which is 91,9021% from the total quantity of voting shares of the Company. There was the quorum for making the decision on the question 3. 
				“For” – 6 798 654 votes or 0,1560% of votes.
“Against” – 21 323 469 votes or 0,4894% of votes.
“Abstain” – 4 329 003 278 votes or 99,3494 % of votes..

President									E.M. Shvidler

Date of fact’s occurrence (actions): 26.12.2002
Code: 0400146A26122002

JSC Sibneft acquired a share in the Charter Capital of Limited Liability Company “Krasnoyarsk-Oil-Service”:
Legal address: 660049, Krasnoyarsk, Severnoe Highway, 23 G
Postal address: 660049, Krasnoyarsk, Severnoe Highway, 23 G
Share of the Issuer in the Charter Capital of LLC “Krasnoyarsk-Oil-Service”:
Before changing – 0%
After changing – 19.9778%

Date of the changing: 26.12.2002

Vice President										T.A. Breeva

43. Information on reorganization of the Issuer, its subsidiariesand affiliates.
According to the decisions of Extraordinary Shareholder’s Meetings dated 22 November, 2002 there was made the reorganization of JSC Sibneft in the form of accession of the company (oil-trader) LLC “ANTAREX”.
JSC Sibneft is the assignee of LLC “ANTAREX” in accordance with the decision of Extraordinary Shareholder’s Meetings dated 21 December, 2002 to insert amendments into the Charter of JSC Sibneft.

In accordance with the decision of the meeting of the Board of Directors on 14 January, 2003  it will held an extraordinary general meeting of shareholders of JSC Sibneft on 28 February 2003 on the question of agenda “To reorganize JSC Sibneft in the form of accession LLC UNIKAR”.

44. Additional material information.
This Clause includes The Report on Compliance with Corporate Governance Principles, prepared in accordance with FSC Order No. 421/r of April 4, 2002, which recommends to joint-stock companies to disclose information of observance to specific regulations of the Corporate Governance Code, approved at the Meeting of  the Government of Russian Federation on 28 November, 2001.

The Report on Compliance with Corporate Governance Principles was prepared in accordance with Federal Securities Commission Order No. 421/r of April 4, 2002 that recommends joint stock companies to disclose information on compliance with concrete provisions of the Corporate Governance Code approved by the Government of the Russian Federation on April 28, 2001

	The Report on Compliance with Corporate Governance Principles established by the Code is an enlarged review of the existing practice of observing governance standards for the benefit of financially-interested persons. A more detailed picture may be obtained by analyzing the Articles of Incorporation, the regulations on the governing and controlling bodies of the company, and the information it discloses.

	The report is structured in accordance with the Corporate Behavior Principles set forth in the Code, which in turn are based on the OECD Principles, elaborated in 1999 by experts of the Organization for Economic Development and Trade. The OECD Principles are unified indicators of corporate governance in various national and legal environments that serve as the basis for methodologies used for rating issuers in terms of corporate governance and credit worthiness.

	Introduction

	The highest governing body of the Сompany is the general shareholders meetings. The shareholders are the owners of two placed issues of ordinary registered stock of identical nominal value. The shares of both issues give their holders identical rights. The Board of Directors is elected by the shareholders for determining strategic objectives and ensuring the rights and legitimate interests of the shareholders. The Board of Directors appoints the Management Board for operational management. The President of the company is elected by the general shareholders meeting.

	The rights and duties of the shareholders and the governing bodies as well as the procedures for exercising them are established in accordance with existing laws by the following documents endorsed by the shareholders meeting: the Articles of Incorporation, the Regulations on the General Shareholders Meeting, the Regulations on the Board of Directors, the Regulations on the Management Board, the Regulations on the President, the Regulations on the Information Policy; as well as by the following documents endorsed by the Board of Directors: the Corporate Governance Charter (adopted in 1998), the Regulations on the Audit Committee, the Regulations on the Personnel and Remuneration Committee, and the Regulations on the Committee on the Work with Minority Shareholders.

The first principle

	"The corporate governance practices should give the shareholders a real opportunity to exercise their rights connected with their participation in the company".

The second principle

	"The corporate governance practices should ensure equal treatment of shareholders who own the same number of shares of the same type (category)".

A company shareholder has the right to:

•	freely dispose of the shares he owns and to alienate them without the consent of other shareholders and the company;

•	receive a dividend income;

•	have the preemptive right to purchase additional shares placed through open subscription;

•	demand the buyout of his shares in cases provided for in the law and the company's Articles of Incorporation;

•	have the preemptive right to purchase additional shares placed through closed subscription if such shares were not used to vote on the matter or voted against it;

•	regularly and timely receive information and documents as provided for in the Regulations on the Information Policy, take part in the discussion of issues at the general shareholders meetings, and request explanations at the annual general shareholders meeting from officials who serve on the management and controlling bodies, and receive such explanations;

•	exercise other rights provided for in legislation, the Articles of Incorporation, and decisions of the general shareholders meeting adopted within its jurisdiction.

	All shareholders have the same right to participate in the running of the company by exercising their right to vote by the "one share--one vote" principle on all issues that are within the jurisdiction of the general shareholders meeting.

	In electing members of the Board of Directors of the company, cumulative voting is used. A shareholder has the right to act through his duly authorized representative. 

	The shareholder(s) who jointly own 2 and more percent of voting shares have the right to demand the convocation of a meeting of the Board of Directors on certain issues, the list of which is determined by the Articles of Incorporation.

	The shareholder(s) who jointly own at least 10 percent of voting shares have the right to demand the convocation of an extraordinary shareholders meeting.

	The shareholder(s) who jointly own at least 2 percent of voting shares have the right to submit issues for the agenda of the general shareholders meeting and nominate candidates to the Board of Directors and the Auditing Commission of the company, as well as a candidate for the post of President.

	The shareholder who has less than 2 percent of voting shares is considered a minority shareholder. With a view to ensuring additional guarantees of the rights and interests of this category of shareholders, the Board of Directors has created the Committee on the Work with Minority Shareholders, where two out of its seven members are minority shareholders with a non-voting mandate.

The exercising of rights is guaranteed by: 

•	the reliable stock ownership accounting system. Since 1996 the registrar of the company's shares has been a specialized registrar -- ZAO Fondovaya Registratsionnaya Kompaniya that was later reorganized into OAO Registrator R.O.S.T. The registrar has a flawless reputation and is one of the top five registrars in Russia. The registrar has been acting as the counting commission at all OAO Sibneft shareholders meetings since 1996. The registrar is located in Moscow and has a ramified network of branches across Russia. The authorized depositary that keeps a record of rights to the issued ADRs is the Bank of New York.

•	the high liquidity of the company's stock. The company's stock is among the ten most liquid stocks of Russian issuers. They have been put on the A1 quotation list of the Moscow Interbank Currency Exchange, and the A2 quotation list of the RTS Stock Exchange. ADRs are traded on the Frankfurt Stock Exchange and the Berlin Stock Exchange.

•	the dividend policy of the company secured by the long-term development strategy. The company plans to pay at least 15 percent of its net profit, obtained as of the end of the reporting period, in the form of dividends. The total amount of dividends paid by the company to its shareholders in 2001 stood was about $1 billion.

•	the lack of dilution risks. The adoption of decisions to place new issues of shares in accordance with the declared quantity falls under the jurisdiction of the general shareholders meeting. The first issue of shares was placed through open subscription in 1995 when the company was founded. The second issue of 4.97 percent of the first one was placed through closed subscription in 1999. The structure of the company's assets is transparent and is not complicated by property cross control.

•	the company's information transparency. The company's practices are consistent with the high standards of information openness. In September 2002, the general shareholders meeting endorsed the Regulations on the Information Policy, which consolidate all legal disclosure requirements and the obligations voluntarily established by the company. It guarantees the shareholders convenient and inexpensive access to accurate and operational information in the form of documents and in the electronic form. The company's corporate web site (www.sibneft.ru) offers a large amount of constantly updated information in Russian and English. The company provides annual and semiannual financial reports consistent with US GAAP standards. At least 30 days before the general shareholders meeting, a convocation notice is published in Rossiiskaya Gazeta (the official media of the Russian government). The shareholders and ADR holders get free materials on the agenda of the meeting and the Board of Directors' recommendations (through the depositary bank -- the Bank of New York).

•	the company's strict compliance with procedures for preparing the convocation of and conducting shareholders meetings that have been established by the law and specified in the Articles of Incorporation. No corporate conflicts have occurred in the company since its creation. In accordance with the Depositary Agreement signed by OAO Sibneft and the Bank of New York, the latter cannot make independent decisions in the course of voting. The holders of ADRs issued for the company's shares have the opportunity to exercise their right to vote on all issues that are within the jurisdiction of the shareholders meeting by voting separately on each issue. The Bank of New York issues a bulletin for the consolidated number of actual votes cast. All shareholders enjoy equal conditions for conveniently exercising their right to vote. In the year 2002, five general shareholders meetings were held. At the annual meeting, the shareholders endorsed, among other things, the new versions of the Articles of Incorporation and of the Regulations on Governing and Controlling Bodies to reflect changes in Russian legislation and additional provisions aimed at protecting the rights of shareholders. Two extraordinary meetings adopted decisions to reorganize the company by incorporating oil trading companies. The shareholders who did not attend the meeting or who voted against were given an opportunity to demand the buyout of their shares at the market value determined by the Board of Directors on the basis of an independent appraiser's report.

The third principle

	"The corporate governance practices should enable the Board of Directors to carry out the strategic management of the company and exercise effective control over the performance of the company's executive bodies, as well as the accountability of the members of the Board of Directors to its shareholders".

The Board of Directors:

•	acts in the interests of all shareholders and the company, taking into account the interests of persons connected with the company's operations;

•	ensures the exercising and the protection of the rights of all shareholders;

•	determines the company's development strategy, the main purpose of which is to create such a production potential that will secure the steady growth of the company's assets and profit;

•	carries out the general management of the company, appoints members of the Management Board and ensures the effective work of executive bodies, including by using an efficient system of control over the implementation by the management of decisions adopted by the shareholders meeting and the Board of Directors;

•	has broad powers and is accountable to the shareholders.

	The annual shareholders meeting on June 28, 2002 elected, through cumulative voting, a nine-member Board of Directors, to which three independent directors were elected, while executive directors (members of the company's Management Board) made up less than one-fourth of the total. The Declaration of Independence, signed by the independent directors, lays down the criteria of independence that exceed the criteria recommended by the FSC Code. The directors' professional qualities and experience ensure the effective operation of the Board of Directors, and the presence of independent directors, accredited by the Association of Independent Directors and the Russian Institute of Directors helps increase investors' confidence in the company. The Chairman of the Board of Directors has been holding this office for five years and has a reputation of an excellent professional in the company's field. The Board of Directors met 20 times over the past year, it adopted decisions on major transactions, on the convocation of meetings and on issues related to their preparation, as well as on the participation in other companies, it endorsed the company's annual business plan and considered its strategic development plans (sales policy, etc.).

	The Board of Directors constantly worked to improve the corporate governance system, including by incorporating the recommendations contained in the national Corporate Behavior Code into the documents regulating the work of the company's governing bodies.

	The Articles of Incorporation require a special quorum at the Board of Directors meetings for the adoption of decisions that are of considerable importance: the presence and/or the availability of the written opinion of at least six members of the Board of Directors, including independent ones, but not less than half of the total number of incumbent independent directors.

	The recommendation in the national Code to introduce the post of Corporate Secretary was not accepted because in the present effective structure of the company the functions of the corporate secretary are part of the functions of the company's staff members.

	In 1998, following the adoption by the company of the Corporate Governance Charter, the Board of Directors set up the following committees: on the use of assets, on appointments, on audit, on remuneration, and on work with minority shareholders. In 2002 the Board of Directors reorganized these committees, approved new versions of the Regulations and appointed new members of the committees. At present there are three committees under the Board of Directors, each of which is headed by an independent director: the Audit Committee, the Committee on Personnel and Remuneration, and the Committee on the Work with the Minority Shareholders.

	The Audit Committee prepares recommendations with regards to the candidatures of internationally recognized independent outside auditors, evaluates the quality of their services and determines remuneration for them, analyzes financial reports and the results of audits before submitting them to the Board of Directors, exercises control over the efficiency of internal control and risk management systems.

	The Committee on Personnel and Remuneration develops recommendations for the evaluation of the work and remuneration of people who serve on the company's governing bodies and for the main principles of the personnel policy, as well as recommendations for the selection of candidates to the governing bodies.

	The Committee on the Work with Minority Shareholders has been operating under the Board of Directors since 1999. The committee conducts systematic monitoring of all issues pertaining to the rights of minority shareholders, develops recommendations for additional measures that guarantee respect for minority shareholders' interests, evaluates the work of the company's registrar, etc. Minority shareholders with a non-voting mandate serve on this committee.

The fourth principle

	"The corporate governance practices should give the company's executive bodies an opportunity to carry out the day-to-day management of the company in a reasonable and scrupulous manner in the interests of the company, as well as ensure the accountability of executive bodies to the Board of Directors of the company and its shareholders".

	The Management Board and the President of the company are executive bodies that carry out day-to-day management of the company. The Management Board and the President are accountable to the company's Board of Directors.

	The Management Board is appointed by the Board of Directors of the company for five years, unless the Board of Directors decides otherwise. The powers of any member of the Management Board may be terminated ahead of time by the Board of Directors.

	The Management Board consists of three members: the President, the Vice President for Finance and the First Vice President.

	The President is elected by the general shareholders meeting for five years unless the general shareholders meeting establishes a different term.

	In accordance with the Articles of Incorporation, the Board of Directors is empowered to adopt decisions that suspend the powers of the President of the company.

	Executive bodies fulfill primarily the task of achieving the set goals and implementing the company's strategy and policy, and carry out the decisions of the Board of Directors and the general shareholders meeting scrupulously, timely and effectively. The Management Board develops financial and economic plans and programs and submits them to the Board of Directors. The Management Board is responsible for the proper operation of the internal control and risk management systems.

The fifth principle

	"The corporate governance practices should ensure a timely disclosure of full and accurate information about the company, including its financial position, economic indicators, the structure of property and management, so that the shareholders and investors could adopt substantiated decisions."

	The company's practices are consistent with the high standards of information openness. In September 2002, the general shareholders meeting endorsed the Regulations on the Information Policy that consolidates all legislative disclosure requirements and obligations voluntarily established by the company.

	The main principles of the information policy are:

•	giving all interested persons equal opportunities for accessing information and documents;

•	the equality of all shareholders and their representatives in terms of accessing information and documents;

•	timely disclosure and information;

•	completeness and accuracy of information disclosed;

•	securing access to information;

•	confidentiality with regard to information that constitutes corporate or commercial secrets, and control over the use of insider information.

	The company's corporate web site (www.sibneft.ru) contains all information, the volume of which is determined by the Regulations on the Information Policy. All contacts with investors, analysts and mass media are made by authorized officials of the company's divisions: Investor Relations and Public Relations.

	Since 1996 Sibneft has been publishing audited financial reports in accordance with international US GAAP accounting standards.

The sixth principle

	"The corporate governance practices should ensure effective control over the company's financial and economic activities for the purpose of protecting the rights and legitimate interests of its shareholders"

	Control over the financial and economic activities of the company is exercised by the Board of Directors, the Audit Committee under the Board of Directors, the Auditing Commission, and an independent auditor. The company has created an efficient internal control system, which includes the Internal Audit and Accounting Methodology Department, the Law Department, etc. The Operational Council is a collegiate advisory body that works under the direction of the President of the company to ensure coordination among various divisions and monitors the implementation of production and financial and economic plans and programs of the company and its subsidiaries.

	The Audit Committee under the Board of Directors is empowered to exercise control over the effectiveness of the risk management system and the system of internal control over the company's financial and economic activities.

	The company's auditor is confirmed by the general shareholders meeting on the basis of proposals made by the Board of Directors and prepared with the participation of the Audit Committee. The auditor's remuneration is determined by the Board of Directors on the basis of recommendations issued by the Audit Committee. The company's auditor attends the annual shareholders meeting and gives explanations regarding all questions that may arise.

	The three-member Auditing Commission is elected by the general shareholders meeting. It acts independently and is not bound in its work by the views and instructions of the company's officials.

	The Auditing Commission's jurisdiction includes: examining financial documents and reports; analyzing the correctness and completeness of accounting, tax, management and statistical reports; analyzing the company's financial position, its solvency, and asset liquidity, the equity to loans ratio and the net asset to charter capital ratio; identifying ways to upgrade the economic status of the company; developing recommendations for governing bodies; verifying the timeliness and correctness of payments; confirming the authenticity of the information included in the company's annual reports and annual accounting reports; examining the legitimacy of decisions adopted by governing bodies.

	The financial and economic activities are audited based on the results of annual performance, as well as at any other time as may be decided by the Auditing Commission, the general shareholders meeting, the Board of Directors or as may be demanded by a shareholder (shareholders) who jointly own not less than 10 percent of voting shares. The Auditing Commission is empowered to demand the convocation of an extraordinary shareholders meeting or of a meeting of the Board of Directors.

	The FSC Corporate Behavior Code contains recommendations regarding the creation of an additional controlling and auditing service in joint stock companies. However, these recommendations are not backed up by appropriate legislation.
B. Business and Financial Overview

45. Annual consolidated financial statements for the past three years.
Not published
46. Financial statements on reporting quarter.
Please see Appendix

47. Facts, which have entailed increase or decrease of assets of the Issuer by more than 10% in the reporting quarter
Not published in the report for IV quarter

48. Facts, which have entailed increase of profit (loss) of the Issuer by more than 20% in the reporting quarter in comparison with the previous quarter
Not published in the report for IV quarter
49. Information on accumulation and distribution of the Reserve and other special funds of the Issuer.
The Reserve Fund amounts to RUR 1 083 935, the funds have not been used within the reporting period. According to the Federal Law No. 208-ФЗ, dated 26 December 1995, the amount of Company’s Reserve Fund should be determined in the Company’s Charter but shouldn’t be less than 5% of the Charter Capital. Due to the increase in the Charter Capital (changes registered by Resolution OGRP №229-n dated May 19, 1999) the Reserve Fund should amount to RUR 1 137 912, currently the Reserve Fund is not fully accumulated.
The Subsidiaries Support Fund amounts to RUR 818 796 000. During the reporting period funds have not been used.

50. Transactions, which took place in the reporting quarter, to the amount larger than 10% of the value of assets at the end of the previous quarter

50.1 Date of execution of transaction: 03.12.2002
Subject and description of transaction: 
It was received the loan through  the  issue by the lender “Salomon Brothers AG” of the bonds with the maturity on January 2009 with fixed income in the form of half-year coupon at the rate of 10,75%. 
Total amount (cost) of funds received (expended) by the Issue under transaction: 
(RUR) 15 929 800 000
Share in the assets of the Issue of the amount (cost) of funds received (expended) by the Issue under transaction: 16.45%

Counterparts and beneficiary parties under transaction:
	50.1.1 Name: Salomon Brothers AG 
	Postal address: Frankfurter Welle Reuterweg 16, 60323 Frankfurt am Main, Federal Republic of Germany
	Telephone number: (49 69) 23 25 70
	Fax:

	Persons, who are an interested party on this transaction in accordance with the Law of Russian Federation: 

Authorized body of the Issue, which has made the decision of entering into deal: Management Board

The date of making decision to enter into deal: 

51. Information on the distribution of the finance raised by the issues of securities.
No such distributions
52. Loans, obtained by the Issuer and its subsidiaries in the reporting quarter.
Information on the value of loans obtained by the Issuer on the date of the reporting quarter ending:
Indicator	On the beginning of the year	Received	Repaid	On the end of the reporting quarter	
	RUR	RUR	RUR	RUR	
Long-term bank loans	18 702 096 667	102 629 915 674	56 642 192 839	64 689 819 502	
including overdue loans					
Other long-term loans		1 036 109 921	1 036 109 921		
including overdue loans					
Short-term bank loans	5 877 300 000	28 352 553 827	33 337 570 627	892 283 200	
including overdue loans					
Bank loans for employees					
including overdue loans					
Other short-term loans	2 878 693 186	6 615 364 922	8 102 435 106	1 391 623 002	
including overdue loans					

53. Accounts payable and accounts receivable of the Issuer and its subsidiaries for the reporting quarter.
Information on accounts receivable and accounts payable of the Issuer on the date of the reporting quarter ending:

Indicator	On the beginning of the year	Received	Repaid	On the end of the reporting quarter	
	RUR	RUR	RUR	RUR	
1) Accounts receivable:					
short term	24 340 958 000			63 301 229	
including short term overdue					
including overdue for more than 3 months					
including:					
long term					
including long term overdue					
including overdue more than 3 month					
including:					
TOTAL ACCOUNTS RECEIVABLE					
2) Accounts payable:					
short term	10 628 567 000			20 999 274	
including short term overdue					
including overdue for more than 3 months					
including:					
long term					
including long term overdue					
including overdue for more than 3 months					
including:					
TOTAL ACCOUNTS PAYABLE					
Security:					
received	944 729 850	33 747 044	61 234 102	917 242 792	
including security from third parties	944 729 850	33 747 044	61 234 102	917 242 792	
including:					
					
issued	502 000 000	58 322 503 602	57 814 503 602	1 010 000 000	
including security issued to third parties	502 000 000	58 322 503 602	57 814 503 602	1 010 000 000	
including:					
3) Promissory notes:					
Issued promissory notes	72 534 458	1 017 000	47 641 620	25 909 838	
including overdue promissory notes	19 549 847		19 517 347	32 500	
including:					
					
Received promissory notes		16 733 998 932	16 733 770 932	228 000	
including overdue promissory notes					
including:					
					
54. Financial investments of the Issuer.
Information on the financial investments of the Issuer on the date of the reporting quarter ending:
	Investments on the date of the reporting quarter ending (RUR)	
	Short term
(less than 12 months)	Long term
(more than 12 months)	Total	
Investments into securities of the Russian Federation		57 766 102	57 766 102	
Investments into securities of the subjects of the Russian Federation				
Investments into securities of institutions of local governing				
Investments into securities, shares of other companies		12 533 845 325	12 533 845 325	
Investments into bonds and other debt obligations	107 219 846	34 199 148	141 418 994	
Other loans	20 608 270 918	7 246 402 954	27 854 673 872	
				
Investments into subsidiaries of the Issuer	1 335 918 766	18 240 573 913	19 576 492 679	
Investments into affiliates of the Issuer	118 361 613	63 951 734	182 313 347	
Financial investments into companies that were liquidated in accordance with the legislation of the Russian Federation
Company name	Liquidation date	Authority body that made decision on liquidation	Investments (RUR)	
				
Total				
Financial investments into companies that were declared bankrupt in accordance with the legislation of the Russian Federation
Company name	Liquidation date	Authority body that made decision on liquidation	Investments (RUR)	
				
Total			-	
Value of assets of the Issuer on the date of the reporting quarter ending (RUR)		
Financial investments into companies investments in which make up not less than 10% of assets of the Issuer on the date of the reporting quarter ending
Company name	Investments (RUR)	Share in assets	
			
Total			

55. Essential information on financial activities
C. Description of the Securities
56. Issuer’s shares.
Issue No: 1
Category: ordinary
Form of security issue: registered, non-documentary
Nominal value of one share (RUR): 0.0016

Number of shares: 4 516 396 250
Total amount of issue: 7 226 234

Information about state registration of issue: 
Date of registration: October 17, 1995
Registration number: 52-1п-0796
The Registrar: Finance Departments

Type of placement: placement among founders
Term of placement: from October 31, 1995 to May 31, 1997

The state of issue: placement is completed
Actual amount of securities placed in accordance with registered report: 4 516 396 250

Information about state registration of issue:
Data of registration: August 10, 1998
The Registrar: Federal Securities Commission of the Russian Federation

The Restriction on Circulation of the Securities (if any): 
The circulation of the Securities is not restricted

The market information on issued securities:
Shares are traded on the following markets: Russian trade system (RTS), Closed JSC "MISEX", non-profit partnership "Stock Exchange " St. Petersburg", as well as on the over-the-counter market.

Programme of American Depository receipts (ADR) of the first level

I. On April 20, 1999 JSC Sibneft obtained the permission of the SEC of the USA to issue ADR of the first level. Auction started on April 20, 1999 at 9 am New York time. The total value of the issue is 20 million ADR at the rate 1:10 (one ADR – 10 shares). Including the addition placement of shares, 20 million ADR is 4,2% of the Sibneft’s Charter Capital. 

II. On May 26, 2000 JSC Sibneft obtained the permission of the SEC of the USA to double the issue of ADR of the first level (for 4,2% or 20 million ADR). The total value of the issue is 40 million ADR, which is 8,4 % of the Charter Capital of JSC Sibneft, at the rate 1:10 (one ADR – 10 shares).

The depository bank is The Bank of New York.
The registration of ADRs will allow foreign investors to effect stock transaction with Sibneft’s securities on external markets by International standards. That will lead to the following development of the securities market of the Company.
ADR are traded on Frankfurt Stock Exchange and Berlin Stock Exchange.

Additional relevant information on the issued securities:
On 01 January 2003 American Depository receipts accounted 4,628 per cent of placed shares of the Issuer.

Issue No: 2
Category: ordinary
The form of share issue: registered, non-documentary
Nominal value of one share (RUR): 0.0016
Number of shares: 224 903 389
Total amount of issue: 359 845.4224

Information about state registration of issue:
Date of registration: December 16, 1998
Registration number: 1-02-00146-А
The Registrar: Federal Securities Commission of the Russian Federation

Type of placement: closed subscription 
Term of placement: from January 14, 1999 to March 16, 1999

The state of issue: placement is completed
Actual amount of security placed in accordance with registered report: 224 903 389

Information about state registration of issue:
Data of registration: April 26, 1999
The Registrar: Federal Securities Commission of the Russian Federation

The Restriction on Circulation of the Securities (if any): 
The circulation of the Securities on the secondary market is not restricted

The market information on issued securities:
Shares are traded on the following markets: Russian trade system (RTS), non-profit partnership "Stock Exchange " St. Petersburg", as well as on the over-the-counter market.

Programme of American Depository receipts (ADR) of the first level

I. On April 20, 1999 JSC Sibneft obtained the permission of the SEC of the USA to issue ADR of the first level. Auction started on April 20, 1999 at 9 am New York time. The total value of the issue is 20 million ADR at the rate 1:10 (one ADR – 10 shares). Including the addition placement of shares, 20 million ADR is 4,2% of the Sibneft’s Charter Capital. 

II. On May 26, 2000 JSC Sibneft obtained the permission of the SEC of the USA to double the issue of ADR of the first level (for 4,2% or 20 million ADR). The total value of the issue is 40 million ADR, which is 8,4 % of the Charter Capital of JSC Sibneft, at the rate 1:10 (one ADR – 10 shares).

The depository bank is The Bank of New York.
The registration of ADRs will allow foreign investors to effect stock transaction with Sibneft’s securities on external markets by International standards. That will lead to the following development of the securities market of the Company.
ADR are traded on Frankfurt Stock Exchange and Berlin Stock Exchange.

Additional relevant information on the issued securities:
On 01 January 2003 American Depository receipts accounted 4,628 per cent of placed shares of the Issuer.
57. Information on Issuer’s bonds.
No bonds issues
D. Other Information on Securities.
58, 59, 60. Shareholder’s rights. Dividends paid.
Category of shares: ordinary
Form of shares: registered non-documentary
The full name of the category/type of shares: ordinary registered non-documentary shares
The owner’s rights this category (type): 
Rights of the holders of shares of all categories (types):
to alienate the shares held by them without the consent of other shareholders and/or the Company;
the shareholders of the Company shall have the preferred right to buy additional shares and emission securities convertible into shares, when they are placed through closed subscription, in quantities proportionate to the quantity of the shares of the respective category (type) held by them;
the shareholders of the Company who have voted against the placement of shares or emission securities convertible into shares through closed subscription or who have not participated in the vote on this matter shall have the preferred right to buy additional shares and emission securities convertible into shares, when they are placed through closed subscription, in quantities proportionate to the quantity of the shares of the respective category (type) held by them. The said right shall not apply to the placement of shares or other emission securities convertible into shares through closed subscription exclusively among shareholders in the event shareholders can acquire a whole number of placed shares or other emission securities convertible into shares in quantities proportionate to the quantity of the shares of the respective category (type) held by them;
to receive a share of net profits (dividends) to be distributed between shareholders as prescribed by the law and the Charter depending on the category (type) of the shares held by him/her;
to receive part of the property of the Company (liquidation quota) remaining after the liquidation of the Company in proportion to the quantity of the shares of the respective category (type) held by him/her;
to have access to the documents of the Company as prescribed by the law and the Charter and to obtain copies thereof for pay;
to exercise other rights as prescribed by the laws, the Charter and decisions passed by the shareholders' general meeting within its terms of reference.

Ordinary Shares
Every ordinary share of the Company shall have equal face value and entitle its holder to an equal amount of rights.
Under the Federal Law On Joint-Stock Companies the holders of ordinary shares of the Company can attend the shareholders' general meeting with the right to vote on matters within its terms of reference, and also have the right to receive dividends, and in the event of the liquidation of the Company the right to receive part of its property (liquidation quota).

Voting Shares
The voting share shall be a share entitling its holder to the right to vote on all matters within the terms of reference of the general meeting or on individual matters within its terms of reference.
The share carrying the right to vote on all matters within the terms of reference of the general meeting shall be:
a fully paid ordinary share, with the exception of the shares at the disposal of the Company.
The shares carrying the right to vote on all matters within the terms of reference of the shareholders' general meeting shall entitle their holder to the right:
to participate in voting (including by proxy) at the shareholders' general meeting on all questions within its terms of reference;
to nominate candidates for the agencies of the Company under the procedures and terms and conditions envisaged by the law and by the Charter;
to make proposals for the agenda of the shareholders' annual general meeting under the procedures and terms and conditions envisaged by the law and by the Charter;
to request to see the list of persons entitled to attend the shareholders' general meeting under the procedures and terms and conditions envisaged by the law and by the Charter;
to have access to the accounting records and documents under the procedures and terms and conditions envisaged by the law and by the Charter;
to request the convocation of an extraordinary general meeting of shareholders and/or verification of the financial and business operations of the Company by the auditing commission under the procedures and terms and conditions envisaged by the law and by the Charter;
to request the buyout by the Company of al or part of his/her shares in cases prescribed by the law.

The dividends paid on the shares of this category (type):

Period: 1999, IV quarter
Amount of dividends accrued on one stock: 0
The total amount of dividends accrued on shares of this category (RUR): 0
Total amount of dividends actually paid out on the shares of this category (RUR): 0

Period: 2000, III quarter
Amount of dividends accrued on one share (RUR): 0.3
The total amount of dividends accrued on shares of this category (RUR): 1 422 389 891.7
Total amount of dividends actually paid out on the shares of this category (RUR): 1 422 018 172.67

Period: 2000, IV quarter
Amount of dividends accrued on one share (RUR): 0
The total amount of dividends accrued on shares of this category (RUR): 0
Total amount of dividends actually paid out on the shares of this category (RUR): 0

Period: 2001, I quarter
Amount of dividends accrued on one share (RUR): 0
The total amount of dividends accrued on shares of this category(RUR): 0
Total amount of dividends actually paid out on the shares of this category (RUR): 0

Period: 2001, II quarter
Amount of dividends accrued on one share (RUR): 0
The total amount of dividends accrued on shares of this category(RUR): 0
Total amount of dividends actually paid out on the shares of this category (RUR): 0

Period: 2001, III quarter
Amount of dividends accrued on one share (RUR): 3.79
The total amount of dividends accrued on shares of this category(RUR): 17 969 525 631
Total amount of dividends actually paid out on the shares of this category (RUR): 17 966 492 749.759998

Period: 2001
Amount of dividends accrued on one share (RUR): 2.32
The total amount of dividends accrued on shares of this category(RUR): 10 999 815 162.4
Total amount of dividends actually paid out on the shares of this category (RUR): 10 997 198 702.450001

Period: 2002, I quarter
Amount of dividends accrued on one share (RUR): 0
The total amount of dividends accrued on shares of this category(RUR): 0
Total amount of dividends actually paid out on the shares of this category (RUR): 0

Period: 2002, II quarter
Amount of dividends accrued on one share (RUR): 0
The total amount of dividends accrued on shares of this category(RUR): 0
Total amount of dividends actually paid out on the shares of this category (RUR): 0

Amount of accrued dividends on stocks of this category (type) the date of payment for which has not begun yet (RUR): 0

Period: 2002, III quarter
Amount of dividends accrued on one share (RUR): 0
The total amount of dividends accrued on shares of this category(RUR): 0
Total amount of dividends actually paid out on the shares of this category (RUR): 0

Amount of accrued dividends on stocks of this category (type) the date of payment for which has not begun yet (RUR): 0

Period: 2002
Amount of dividends accrued on one share (RUR): 0
The total amount of dividends accrued on shares of this category(RUR): 0
Total amount of dividends actually paid out on the shares of this category (RUR): 0

Amount of accrued dividends on stocks of this category (type) the date of payment for which has not begun yet (RUR): 0
61. The Restriction on Circulation of the Securities.
Please see item 56 and 57
62. Other Relevant Information on the Securities.
According to the Charter of the Company:
Dividend shall be part of the net profits of the Company that is distributed among shareholders in proportion to the shares of the respective categories and types that are held by them.
The Company shall have the right to take decision on (announce) the payment of dividends on placed shares. Decision on the payment of dividends, the amount of dividend and the form of its payment on the shares of each category (type) shall be taken in accordance with the requirements of the Federal Law On Joint-Stock Companies. The amount of the dividend may not be higher than that suggested by the Board of Directors of the Company.
The dividend shall be paid in cash unless otherwise stipulated by the decision of the shareholders' general meeting on the payment of dividends. 
The deadline for the payment of dividends is May 31 of the year following the year in which the decision was taken on the payment of dividends, unless otherwise established by the decision on the payment of dividends.
In taking the decision on (announcing) the payment of dividends, the Company shall comply with the restrictions prescribed by federal laws.