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Rosneft Management Board Considered Wage Indexation

13 April 2015

At a meeting on April 13 Rosneft Management board considered indexation of personnel wage indexation effective April 1, 2015. The Board has decided to forego the move with regards to the head quarters staff amidst the current economic environment.

As for employees of Rosneft’s subsidiaries, their wages will be upped 7.5% starting April 1, 2015 under the current collective agreements. However, the indexation will not be applied to subsidiaries’ CEOs or their deputies.

Rosneft Information Division
Tel.: + 7 (499) 517-88-97
April 13, 2015

These materials contain statements about future events and expectations that are forward-looking. Any statement in these materials which is not information for prior accounting periods is an expectation and related to known and unknown risks, uncertainties or other factors, which can make the actual results, performance or achievements differ substantially from those anticipated and implied in these forward-looking statements directly or indirectly. We assume no obligation to update the data contained herein, to reflect actual results, changes in assumptions or factors affecting these statements.