The board exercise preferential rights

Alltech Investments Ltd* today announced the subscription of all its preferential rights received in West Siberian Resources’ current rights offering. Alltech Investments Ltd has exercised preferential rights to subscribe for 62,400,000 new shares/depositary receipts. In total, the board and management, including related companies, will subscribe for 89,500,000 shares/depositary receipts, for SEK 120.8 million, representing 34.8% of the offering. Alltech Investments Ltd also announced the sale of 25 million shares/depositary receipts in West Siberian Resources Ltd. These shares were placed with international institutional investors. Following the rights offering and the placement, Alltech Investments Ltd will hold 141,000,000 shares/depositary receipts representing 20,5% of the shares and the votes in West Siberian Resources Ltd. *Alltech Investments Ltd, is a related party to Maxim Barski, Managing Director and board member of West Siberian Resources Ltd. For further information: Maxim Barski, Managing director, West Siberian Resources Ltd., tel. +7 095 723 07 18 Eric Forss, Chairman, West Siberian Resources Ltd., tel. +46 8 613 00 85 Also visit www.westsiberian.com