Omskshina to Transfer 50 per cent Matador-Omskshina Share to Sibur

JSC Omskshina intends to transfer its 50 per cent share in the CJSC Matador-Omskshina joint venture to Sibur-Russian Tires. Such a decision it is expected to be approved by shareholders at the annual meeting on 3 June 2005, Omskshina said.

63,329 common stock shares of the joint venture are expected to be transferred to Sibur-Russian Tires within the framework of the deal. Founded in 1995 CJSC Matador-Omskshina is a joint venture of Matador Holding (Slovakia) and JSC Omskshina.