New Appointment at Rosneft

Laurence Bates Appointed Business Development Advisor to the President of Rosneft

Laurence Bates, who previously served as vice president and project director in the Russian shelf division at BP, has been appointed vice president and business development advisor to the president of Rosneft.

Making strategic hires of highly qualified senior managers with significant international experience is an important step in Rosneft's transformation into a global energy company.

Commenting on the appointment, Rosneft President Eduard Khudainatov said: "The expansion of our international presence dictates the need for us to further enhance our management capacity. The task for our renewed team which includes Laurence Bates is to help boost the Company's operational and financial performance and to ensure a rapid switchover to the best global business practices."

Biography:

Laurence (Larry) Bates graduated cum laude from Texas A&M University with a Bachelor of Science degree in Economics.

In 1998 - 1999 he headed the representative office of Baker Hughes in Uzbekistan, before going on to serve in 1999 - 2005 as operations director at UzPec Limited on PSA projects in Uzbekistan.

In 2005 he joined TNK-BP as project director for the Uvatsk cluster of fields.

From 2007 to September 2011 he served as vice president and project director in the Russian shelf division at BP.

Rosneft Information Division

Tel.: +7 (495) 411 54 20

Fax: +7 (495) 411 54 21

October 26, 2011

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