SBE Sibir Energy

 

TIDMSBE 
 
RNS Number : 5928V 
Sibir Energy PLC 
13 July 2009 
 

SIBIR ENERGY PLC ("Sibir" or the "Company") 
MARKET UPDATE 
The Board of Sibir announced on the 22nd May 2009 that it had obtained security 
from Mr Chalva Tchigirinski and his related interests over the proceeds of any 
future sale of Hugh House, 7A Eaton Square, London SW1W 9DA ("Hugh House"). 
The Board announces that the sale of Hugh House has now been completed and that 
Sibir has received GBP17,024,108.18 of the proceeds of sale, which has been 
applied by it in reducing the indebtedness of Mr Chalva Tchigirinski and his 
related interests to Sibir. 
 
 
The Company's investigation into various actual and proposed transactions with 
Mr Tchigirinski and interests controlled by him in 2008 continues, as do the 
associated recovery efforts in respect of amounts advanced by the Group in 
connection with those transactions. 
 
Enquiries to: 
 
Stuard Detmer, CEO 
Moscow +7 495 792 3045 
 
 
Igor M. Tsibelman, First Deputy CEO 
Moscow: +7 (495) 790 78 40 
 
 
Rory Murphy, Strand Partners Limited 
London +44 (0) 7409 3494 
 
 
Nick Miles, M: Communications 
London +44 (0) 20 7153 1535 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 DISEAKXDFFANEFE 
 

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