October 21, 2009

Rosneft – the Most Transparent Company of Russia

Rosneft ranked 1st in the S&P Transparency and Disclosure Survey 2009 (Russia) published on October 21, 2009 which marks progress over the last years (2nd in 2008; 10th in 2007).

Rosneft’s Transparency and Disclosure score grew by 2 percentage points thanks to the publication of the Code of Business Ethics, announcement of recommended dividends before the record date, publication of the auditor’s report on interim financial statements, disclosure of non-audit services rendered by the auditor and more detailed information on the remuneration of the Management Board.

As part of an ongoing effort to improve transparency and disclosure, Rosneft publishes quarterly US GAAP financial reports and MD&A, and other materials. Seeking to efficiently communicate with all interested parties, the Company regularly holds investor presentations and conference calls, and continuously works to improve its corporate website.

Rosneft Information Division
Tel.: +7 (495) 221-31-07
Fax: +7 (495) 411-54-21
n_manvelov@rosneft.ru
October 21, 2009

These materials contain statements about future events and expectations that are forward-looking in nature. Any statement in these materials that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements expressed or implied by such forward-looking statements to differ. We assume no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.