Derivatives: Anticipated adjustment in West Siberian Resources due to reverse split and name change (11/09)

The following information is based on a press release from West Siberian Resources Ltd (West Siberian Resources) published May, 2009 and may be subject to change.

The board of West Siberian Resources has proposed that the Annual General Meeting (AGM), on May 28, 2009, approves a reverse share split whereby twenty (20) shares held will be replaced by one (1) share (1:20). The record date is June 10, 2009. Provided that the AGM approves the proposed reverse share split, NASDAQ OMX Derivatives Markets will carry out a re-calculation of options and forwards in West Siberian Resources.

The board of West Siberian Resources has also proposed that the AGM shall approve to change its name to Alliance Oil Company Ltd. The new ticker code is AOIL and will be implemented as from June 8, 2009. Provided that the AGM approves the proposed name change, NASDAQ OMX Derivatives Markets will change the ticker code as well as series names of existing option and forward series in West Siberian Resources.

For further information, please see the attached document.