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Rosneft Repaid Two Syndicated Loans of the Former TNK- BP Group

29 May 2015

On May 28, Rosneft delivered a payment to the group of international banks repaying two syndicated loans which were obtained by former TNK- BP group in 2011-2012.

The Chairman of Rosneft Management Board Igor Sechin said in this regard: “The Company responsibly refers to the fulfilment of liabilities to its creditors. Moreover, thanks to stable cash flow from operations and efficient liquidity management the Company continues its work on further reduction of the debt burden, including that of the holding Company of the group and the assets acquired earlier.”

Notes for editors:

The named syndicated loan facilities were taken by the former TNK-BP group in 2011-2012 for the overall sum of USD 2.2 bln, the maturity value amounted to around USD 600 mln.

Rosneft Information Division
Tel.: + 7 (499) 517-88-97
May 28, 2015

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 obligation to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.