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West Siberian Resources Ltd is an independent oil company active in the Tomsk region in Western Siberia. West Siberian’s depository receipts are traded on Nya Marknaden of the Stockholm Stock Exchange under the symbol WSIB.

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Interim report for the quarter and six months ended June 30, 2008

Following the recent merger with Alliance Oil, which was completed in the second quarter 2008, the group announces the consolidated earnings for the integrated operations of the combined group for the first time.• Total revenue increased by 126% to MUSD 869.2 (MUSD 385.4)* for the quarter and by 97% to MUSD 1 418.2 (MUSD 719.0) for the six month period.• EBITDA amounted to MUSD 269.4 (MUSD 45.4) for the quarter and to MUSD 352.6 (MUSD 95.9) for the six month period.• The quarterly net result amounted to MUSD 159.4 (MUSD 20.4) and the six months net result amounted to MUSD 205.3 (MUSD 44.

Invitation to press conference for West Siberian Resources’ Q2 results

West Siberian Resources Ltd will publish their interim report for the second quarter 2008 on Friday morning, August 29th, 2008.West Siberian Resources invites investors, analysts and media to a press conference at which the interim report for the second quarter 2008 will be presented. Maxim Barski, CEO, and Ekaterina Saphoznikova, CFO will present the report which will be the first consolidated report for the fully integrated West Siberian Resources following the merger with Alliance Oil Company.Date: Friday, 29 AugustTime: 09.00 CETVenue: Room Uppsala, Grand Hotel, Stockholm Sweden

Second quarter 2008 oil production update

West Siberian Resources Ltd’s total oil production for the second quarter 2008 amounted to 4,266,707 barrels (3,250,395 barrels) and the average daily production for the period increased to 46,887 barrels per day (35,718 barrels per day). The group’s total oil production for the first 6 months 2008 amounted to 8,317,869 barrels (6,291,508 barrels). The 2008 production plan target of 18.6 million barrels in total remains unchanged with further increases in oil production expected throughout the year. Currently production amounts to 47,429 barrels per day.Average gross oil prices received in

Summary from West Siberian’s AGM

West Siberian Resources Ltd’s shareholders gathered in Stockholm today for the Annual General Meeting (AGM).The AGM adopted the income statements and balance sheets for the company and the group and the board of directors and the managing director were discharged from liability for the financial year 2007.The AGM resolved to re-elect board members Maxim Barski, Nemesio Fernández-Cuesta, Fred Boling, Claes Levin and Eric Forss. Fernando Martinez-Fresneda was reelected as alternate director for Nemesio Fernández-Cuesta. Arsen Idrissov and Raymond Liefooghe were elected as new directors.

Interim report for the quarter ended March 31, 2008

WSR stand alone interim report excluding Alliance Oil Company• Total revenue increased by 131% to MUSD 135.9 (MUSD 58.8)*.• EBITDA amounted to MUSD 40.28 (MUSD 13.64).• Net result amounted to MUSD 24.86 (loss of MUSD 0.9).• Earnings per share amounted to USD 0.02 (loss of USD 0.00).• Oil production increased by 40% to 3,161,174 barrels.• Merger with Alliance Oil Company completed after end of reporting period• Proposed tax changes may have significant positive impactPro forma financial information for the merger with Alliance Oil Company• Total revenue amounted to MUSD 685.0

West Siberian schedules conference call to review first quarter results

West Siberian Resources Ltd will publish the interim report for the first quarter 2008 on Wednesday May 21, 2008, in the morning.The company has scheduled a conference call at 12.30 UK time (13.30 Swedish time) on Wednesday May 21. The conference call will be hosted by Maxim Barski, CEO and Ekaterina Saphoznikova, CFO who will review the report and recent developments.To participate in the conference call you may choose one of the following options:TelephoneDial one of the following numbers a few minutes before the conference starts:from Sweden 08-5352 6458, confirmation code

Proposals by the nominating committee

In accordance with a resolution at the Annual General Meeting in May 2007, the four largest shareholders in West Siberian Resources Ltd appointed a nominating committee in November 2007. The nominating committee for the Annual General Meeting 2008 has consisted of Mr Christer Sandberg, Chairman of the nominating committee representing Alltech Investments Ltd and Meadowlane Holding Ltd, Mr Hernán Luis Dayen, representing Repsol Exploracion S.A, Mr Fred Boling, representing Investors Life Insurance Corp, and Mr Eric Forss, Chairman of the board of West Siberian Resources LtdThe Nominating

First quarter 2008 refining update

Refining volumes at the Khabarovsk refinery amounted to 6.469.000 barrels of oil in the first quarter 2008. This represents an 9 percent increase in volumes compared to 5.957.000 barrels refined in the fourth quarter 2007.The price of Russian domestic oil products increased significantly during the first quarter 2008. Average net domestic wholesale prices increased by 24 per cent to 90.10 USD per barrel (USD 72.90) and average net domestic retail prices increased by 13 per cent amounting to 126.20 USD per barrel (USD 111.80) from the fourth quarter 2007. Net export prices were slightly

Annual Report 2007 and financial information in 2008

West Siberian Resources Ltd today announced the Annual Report for 2007. The Annual Report is now available in English and Swedish at www.westsiberian.com and is attached. The printed versions will be available shortly and will be sent by mail to registered shareholders.The Annual General Meeting will be held on May 21 at 3 pm at Operaterassen in Stockholm.The company plans to publish the following financial reports in 2008:Three months report (January – March 2008) on May 21, 2008, (NEW DATE)Six months report (January – June 2008) on August 29, 2008Nine months report (January –

Notice of Annual General Meeting in West Siberian Resources

Notice of Annual General Meeting in West Siberian Resources Ltd. (the company) on 21 May 2008 at 3 pm at Operaterassen, Stockholm, Sweden.Notice to attend etc.In order to attend the Annual General Meeting, a holder of a Swedish depository receipt shall- Be listed in the register of directly registered holders of Swedish depository receipts kept by VPC AB on 15 May, 2008.- Notify Skandinaviska Enskilda Banken AB (publ) (“SEB”) of their intention to attend the Meeting not later than 15 May 2008 at 5.00 pm.Holders of Swedish depository receipts who have their depository receipts

West Siberian raises USD 170 million at SEK 3.90 per share

Not for release, publication or distribution, in whole or in part, directly or indirectly, in or into the United States, Canada, Australia or Japan.West Siberian Resources Ltd. (the “Company”) has agreed to raise approximately USD 170 million (SEK 1,006 million) through a private placement of 258 million new common shares issued as SDRs. The SDRs were placed with qualified investors at a subscription price of SEK 3.90 per share.In the private placement, 258 million shares were subscribed, equal to approximately 8.0% of the Company’s outstanding shares, post issue. The total number of

West Siberian announces share offering

Not for release, publication or distribution, in whole or in part, directly or indirectly, in or into the United States, Canada, Australia or Japan.West Siberian Resources Ltd. (the “Company”) proposes to offer up to 258 million newly issued shares in the form of Swedish Depositary Receipts (“SDRs”), listed on the OMX Nordic Exchange Stockholm. The SDRs will be offered to qualified institutional investors and the offer price will be determined through a bookbuilding process.The planned share issue will amount to up to 258 million newly issued shares in the form of SDRs, equal to

West Siberian Resources successfully completes merger with Alliance Oil

Not for release, publication or distribution, directly or indirectly, in or into the United States, Canada, Australia or Japan.West Siberian Resources Ltd. today announced the successful completion of a merger with Alliance Oil. The merged group is a leading independent oil business with vertically integrated operations in Russia and Kazakhstan, set to capitalize on the benefits of vertical integration in all stages of the oil and gas industry value chain. WSR will now proceed with its investment plans, comprising expected capital expenditure for the combined group of USD 403 million in

First quarter 2008 exploration and production update

Oil production reached a new company record of 3,161,174 barrels in the first quarter 2008. Production increased by 40% from 2,264,658 barrels in the first quarter 2007 and the average daily production for the quarter increased to 34,738 barrels per day (25,163) barrels per day.In the first quarter, the 2008 drilling and development programme was initiated and intense field activities limited production growth in all regions.Total 2008 oil production is expected to increase by 41 per cent to 15 million barrels, excluding the effects of the merger with Alliance Oil Company which will add

West Siberian Resources Limited: Merger with Alliance Oil Company, Pro forma information for the financial year ended December 31, 2007

West Siberian Resources Ltd today announces pro forma financial information illustrating the effects of the agreed merger with Alliance Oil Company on the 2007 financial statements.The transaction is scheduled to close on or about April 10 2008. Following the merger, West Siberian will be a leading independent, fully integrated oil company operating in Russia and Kazakhstan, listed on the OMX Nordic Exchange Stockholm. The combined group will have proved and probable oil reserves of 484 million barrels, the Khabarovsk refinery, a network of 255 gas stations and 24 wholesale oil terminals.

West Siberian Resources announces prospectus for Alliance Oil Company merger

The prospectus drawn up by West Siberian Resources Ltd (“West Siberian Resources”) in connection with the merger with Alliance Oil Company and the proposed listing of 1,783,540,968 Swedish depository receipts ("SDRs") in West Siberian on the OMX Nordic Exchange Stockholm, has been approved and registered by the Swedish Financial Supervisory Authority and is now available at www.westsiberian.com. The SDRs that will be issued to the shareholders of Alliance Oil Company in connection with the merger are expected to be listed on or about April 10, 2008.For further information:Maxim Barski,

Summary from the Special General Meeting in West Siberian Resources

West Siberian Resources Ltd's shareholders gathered in Stockholm today for a Special General Meeting (SGM) to approve the merger with Alliance Oil Company.West Siberian Resources' managing director Mr Maxim Barski addressed the SGM and presented the merger between West Siberian Resources and Alliance Oil, and the combined companies’ progress and future plans. The presentation is attached to this press release and is also available at www.westsiberian.com together with the background information for the SGM.The SGM resolved to (i) to increase the maximum authorized share capital to USD 200,

Report for the financial year and the quarter ended December 31, 2007

• Total revenue increased by 117% to MUSD 134.4 (MUSD 62.0)* for the quarter and by 55% to MUSD 380.3 (MUSD 245.2) for the financial year.• EBITDA amounted to MUSD 47.7 (MUSD 14.4) for the quarter and to MUSD 120.9 (MUSD 81.6) for the financial year.• The quarterly net result amounted to MUSD 4.8 (loss of MUSD 1.5) and the financial year net result amounted to MUSD 29.9 (MUSD 30.2).• Earnings per share amounted to USD 0.00 (USD 0.00) per share for the quarter and to USD 0.03 (USD 0.03) per share for the financial year.• Proven and probable reserves increased by 18% to 361 million

West Siberian schedules conference call to review fourth quarter results

West Siberian Resources Ltd will publish the report for the financial year and fourth quarter 2007 on Tuesday February 26, 2008, in the morning.The company has scheduled a conference call at 13.00 UK time (14.00 Swedish time) on Tuesday February 26. The conference call will be hosted by Maxim Barski, CEO and Ekaterina Saphoznikova, CFO who will review the report and recent developments.To participate in the conference call you may choose one of the following options:TelephoneDial one of the following numbers a few minutes before the conference starts:from Sweden 08-5052 0270,

Notice of Special General Meeting in West Siberian Resources Ltd.

Notice of Special General Meeting in West Siberian Resources Ltd. (the company) on Monday 3 March, 2008 at 3pm at Grand Hotel, in Stockholm, SwedenNotice to holders of Swedish depository receiptsNotice to attend etc.In order to attend the Special General Meeting, a holder of a Swedish depository receipt shall- Be listed in the register of directly registered holders of Swedish depository receipts kept by VPC AB on 26 February, 2008.- Notify Skandinaviska Enskilda Banken AB (publ) (“SEB”) of their intention to attend the Extraordinary General Meeting not later than 26 February 2008

West Siberian Resources and Alliance Group sign binding agreement and receive Anti Monopoly Commission approval

This press release is not for release, directly or indirectly, in or into the United States, Canada, Australia or Japan.West Siberian and Alliance Group today signed an agreement to create a leading independent, fully integrated oil company operating in Russia and Kazakhstan, listed on the OMX Nordic Exchange Stockholm. The combined group will have proved and probable oil reserves of 484 1) million barrels, production of close to 51,000 barrels per day, refining capacity of 70,000 barrels per day, a network of 255 gas stations and 24 wholesale oil terminals. The transaction will have a

West Siberian’s proven oilreserves increased by 48%

In 2007, West Siberian Resources Ltd successful exploration anddevelopment program added net proven and probable oil reserves of 64.8million barrels. The net proven oil reserves increased by 48 per cent to162.9 million barrels. Proven and probable (2P) reserves increased by18 per cent to 361.0 million barrels. The increase in 2P reservesrepresents an internal reserve replacement ratio of 609 per cent. 3Preserves (proven, probable and possible) increased to 487.0 millionbarrels (443.9) million barrels.West Siberian’s oil reserves have been revised following a recent

West Siberian announces merger with Alliance Oil

West Siberian today announced plans to merge with Alliance Oil and create a vertically integrated Russian oil company with a stable supply of crude oil, substantial refining capacity and important assets in distribution and marketing of petroleum products. The group will have proved and probable oil reserves of 430 million barrels, production of close to 51,000 barrels per day, refining capacity of 70,000 barrels per day, and 255 gas stations that will provide the basis for stable future earnings and improved margins.The combined market capitalisation of the companies amounts to

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