SIBUR Shareholders Decide to Increase the Charter Capital to Continue Funding of the Investment Programme

Wed, 2 December 2009

At the absentee meeting of shareholders of SIBUR Holding JSC it was decided to issue additional common shares in the total amount up to RUR 9 billion for shareholders

SIBUR Holding JSC intends to issue up to 3,469,545 additional common shares. The estimated charter capital of the Company upon issue of the above number of additional common shares is supposed to increase to RUR 43,569.58 million.

"Shareholders supported the current plans of the Company’s organic growth through creation of new and upgrade of existing facilities", Alexander Dyukov, the Chairman of SIBUR Holding JSC said. "The owners of SIBUR find investing in petrochemical projects very promising".