Equity

Authorized capital of Rosneft as of December 31, 2008, was RUB 105,981,778.17 and was divided into 10,598,177,817 ordinary shares with par value of RUB 0.01.

The state registration number of issue of ordinary shares of the Company is 1-02-00122-À.

The date of state registration of issue of ordinary shares of the Company is September 29, 2005.

No issues or placement of additional shares of Rosneft were carried out in 2008.

Rosneft’s shares are traded on two organized markets in Russia: OJSC RTS Stock Exchange and CJSC MICEX Stock Exchange (B List). Rights of a shareholder (owner of ordinary shares), including voting rights on each voting share of Rosneft, are specified by Article 9 of the Company Charter.

Order No. 06-1380/pz-i of the Federal Service for Financial Markets from June 20, 2006, permits placement and trading of 2,140,000,000 common shares of Rosneft outside the Russian Federation.

In July 2006, Rosneft carried out listing of Global Depositary Receipts (GDRs) on the London Stock Exchange.

Issue of GDRs, which certify rights in respect of ordinary shares of Rosneft, in accordance with foreign law, was carried out by J.P. Morgan Europe Limited. One Global Depositary Receipt is equivalent to one common share of Rosneft.

As of December 31, 2008, GDRs were issued for 1,068 mln ordinary shares, which is 10.1% of total shares.

Information on share issues