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Rosneft Finalises Acquisition of AAR’s 50% Interest in TNK-BP

21 March 2013

Rosneft has finalized the acquisition of AAR's 50% share in TNK-BP in exchange for cash consideration of $27.73 billion USD in correspondence with the terms, agreed upon by the parties in October 2012. This amount is calculated basing on the terms of purchase price formation, stipulated by the purchase agreement.

The parties had previously received all necessary corporate and regulatory approvals for closing the deal. This deal is independent from previously announced deal of acquiring BP's 50% share in TNK-BP.

Rosneft Information Division
Tel.: +7 (495) 411 54 20
Fax: +7 (495) 411 54 21
March 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.