New Board of Directors of SIBUR elected

Moscow, 29 April 2011. Yesterday, at the annual general shareholders’ meeting of CJSC “SIBUR Holding”, shareholders elected a new Board of Directors, which include the following individuals:

1. Leonid Michelson - Chairman of the Board of OJSC “NOVATEK’

2. Alexandr Dyukov - CEO of OJSC “Gazprom Neft”

3. Pavel Malyi - President of CJSC “Miracle”

4. Oleg Golounin - CEO of CJSC “Miracle”

5. Dmitry Konov - President of “SIBUR” LLC

6. Vladimir Razumov - Senior Executive Vice President of “SIBUR” LLC

7. Ruben Vardanyan - Chairman of the Board of Directors of “Investment Company Troika Dialog” (Independent Director)

8. Seppo Remes - CEO of “Kiuru” LLC (Independent Director)

9. Arkady Samokhvalov - Assistant Deputy Chairman of the Government of the Russian Federation (Independent Director)