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Rosneft Secures $2 bln Long-Term Loan from China Development Bank

21 June 2013

Rosneft and China Development Bank finalized contractual documentation for a long-term credit line in the framework of facility agreement signed between the parties in March 2013. The facility agreement was signed by Rosneft President and Chairman of the Management Board Igor Sechin and President of China Development Bank Zheng Zhijie as part of the visit of Xi Jinping, President of the People’s Republic of China, to Russia.

The loan is secured by current contract for crude oil supplies inked between Rosneft and CNPC in 2009.

The loan amounts to $2 bln with a redemption deadline in May 2029 and will be taken by end of June 2013.

OJSC VTB Bank acts as Passport bank and Agent for the loan.

Rosneft Information Division
Tel.: + 7 (499) 517-88-97
June 21, 2013

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.