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This page includes Regulatory news filings supplied by issuers listed on the BSX. Please note the BSX is not responsible for the content, accuracy or completeness of announcements filed by issuers and disclaims all liability for any loss arising from reliance on information contained within issuer announcements.

Novy Neft Limited - Sale Of Shares To Fund Tax Liabilities

Hamilton, Bermuda: February 8,2006 - Further to the last announcement dated 20 January 2006, the Directors can now confirm that they have sold sufficient Gazprom shares to fund the tax liabilities and that the fund owns 49,787,424 Gazprom Shares.

 

For further information on Novy Neft Limited please contact:

 

Megan Woloshyn

Butterfield Securities (Bermuda) Limited

Tel: (441) 298 4764

Fax: (441) 295 6759

Email: meganwoloshyn@bntb.bm

Christopher Fitzwilliam-Lay

Charlemagne Capital (UK) Limited

Tel: (44 20) 7518 2100

Fax: (44 20) 7518 2199

Email: chris.fitzwilliamlay@charlemagnecapital.com