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ROSNEFT CONFIRMS WORKING CAPITAL REDUCTION TARGETS ANNOUNCED IN MAY 2018

24 September 2018

Following the efforts made in May-September 2018 Rosneft confirms its target to reduce the working capital by the end of the year announced in May 2018. More specifically, since then the Company has optimized its trading activities through the main marketing channels for crude oil and petroleum products, held talks with the major suppliers and contractors on improving the terms of payment and raising the efficiency of cooperation considering current environment of contract services market.

In accordance with the results obtained, Rosneft confirms working capital reduction targets of more than Rub 200 bn for 2018.

Rosneft Information Division
September 24, 2018

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.