Meetings of Creditors

The City of ManchesterInsolvency Act 1986-2.24894253.482328M3 2LF2001-05-082001-05-092001-04-24TSO (The Stationery Office), St Crispins, Duke Street, Norwich, NR3 1PD, 01603 622211,

SAKHALIN PETROLEUM PLCNotice is hereby given, pursuant to section 98 of the Insolvency Act 1986, that a Meeting of the Creditors of the above-named Company will be held at Leconfield House, Curzon Street, London W1Y 7FB, on 9th May 2001, at 11.30 a.m., for the purposes mentioned in sections 99 to 101 of the said Act. Creditors wishing to vote at the Meeting must lodge their proxy, together with a full statement of account at the registered office, Arkwright House, Parsonage Gardens, Manchester M3 2LF, not later than 12 noon, on 8th May 2001. For the purposes of voting, a secured Creditor is required (unless he surrenders his security) to lodge at Arkwright House, Parsonage Gardens, Manchester M3 2LF, before the Meeting, a statement giving particulars of his security, the date when it was given and the value at which it is assessed. Notice is further given that a list of the names and addresses of the Company’s Creditors, may be inspected, free of charge, at Arkwright House, Parsonage Gardens, Manchester M3 2LF, between 10 a.m. and 4 p.m. on the two business days preceding the date of the Meeting stated above. By Order of the Board. D. Munn, Director(569)