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Rosneft Announces Six-Month Oil Export Tender Results

17 September 2012

Rosneft has announced the results of a six-month tender to sell oil for export through the ports of Novorossiysk, Primorsk and Ust-Luga. Contracts to deliver up to 13.3 million tonnes were awarded to Glencore, Vitol and Shell. The tender process comprised two rounds, thanks to which Rosneft was able to maximise the benchmark pricing formula premium and boost export profitability for the benefit of its shareholders, which include the Russian government and 140,000 private investors. Rosneft would like to thank BP, Marubeni, Total, Trafigura, Warly and all the other tender participants for making offers and looks forward to their participation in future tenders.

Rosneft Information Division
Tel.: +7 (495) 411 54 20
Fax: +7 (495) 411 54 21
September 17, 2012

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.