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Rosneft and the Federal Anti-Monopoly Service Agreed on Price Formation Principles and Procedures for Oil product Sales in the Russian Federation

27 March 2015

Rosneft and the Federal Anti-Monopoly Service of Russia have agreed the Standard regulating price formation principles and procedures for motor fuel sales on the local market of the Russian Federation by the Company.

The document was signed by Rosneft Chairman of the Management Board Igor Sechin and the Head of FAS Igor Artemiev.

The Company's standard defines the main principles of price formation and general procedure for motor gasoline and diesel fuel sales in Russia in accordance with the current legislation. Standard development and agreement was requested by the FAS as a part of Rosneft purchase of TNK-BP.

In accordance with this standard, the Company undertakes to sell motor fuel to all contractors on the domestic market, including subsidiaries and affiliates, at uniform wholesale prices calculated based on the prices of the own exchange sales considering market price indicators, including an export alternative, and to exclude discrimination of any market players.

Igor Sechin commented signing of the document: "This is a comprehensive document; significant effort has been fostered in its development. The price formula takes into account market quotations and other parameters like export alternative and deliveries from third party refineries. This document increases transparency and decreases risks not only for Rosneft, but for all market players”.

Rosneft Information Division
tel.: + 7 (499) 517-88-97
March 27, 2015

These materials contain statements with respect to the future events and expectations that represent perspective evaluations. Any statement contained in these materials which is not the information for the previous reporting periods represents a perspective evaluation associated with the known and unknown risks, uncertainties and other factors, as a result of influence of which actual results, performance indicators or achievements may essentially differ from the expected results, performance indicators and achievements directly or indirectly expressed in these perspective evaluations. We do not undertake to improve the data contained herein, so that they would reflect actual results, changes in the basic assumptions or factors that affected the perspective evaluations.