The report deals with the results of developing the 450-MeV electron storage ring SIBERIA-1, i.e. the first phase of the specialized synchrotron radiation source of the I.V. Kurchatov Institute of Atomic Energy. The storage ring was designed, manufactured and put into operation by the staff of the Institute of Nuclear Physics of the Siberian Department of the USSR Academy of Sciences in 1983. In 1984 a superconducting “snake” with a 4.3 T field was mounted in the storage ring.