Nomination Committee for the Annual General Meeting 2008

In accordance with a resolution at the Annual General Meeting in 2007, West Siberian Resources Ltd’s nomination committee shall be appointed by the four largest shareholders in the company. The four largest shareholders in West Siberian Resources Ltd are Alltech Investments Ltd, Meadowlane Holding Ltd, Repsol Exploracion S.A. and Investors Life Insurance Corp who together hold approximately 42% of the shares and the votes in the company.

These four shareholders have appointed the following representatives together with the company’s chairman of the board, to constitute the nomination committee for the Annual General Meeting 2008:

Christer Sandberg, Chairman of the nomination committee representing Alltech Investments Ltd and Meadowlane Holding Ltd.
Hernán Luis Dayen, representing Repsol Exploracion S.A.
Fred Boling, representing Investors Life Insurance Corp.
Eric Forss, Chairman of the board West Siberian Resources Ltd

The Nominating Committee shall present a proposal for election of the Board of Directors as well as related questions for adoption at the Annual Shareholders’ Meeting and complete the tasks and consider the independence of the Directors as set out in the Swedish Code of Corporate Governance.

The Annual General Meeting will be held in Stockholm on May 21, 2008.

Shareholders who would like to submit proposals to the Nomination Committee can do so via e-mail: info@westsiberian.com or by ordinary mail to Advokat Christer Sandberg, Advokatfirman Björn Rosengren, Birger Jarlsgatan 73-75, 113 56 Stockholm, not later than March 31, 2008.