Notification of Change in Management Shareholding

Notification of Increase of Management Shareholding

Eduard Khudainatov, the President of Rosneft, increased his shareholding from 0.0051% to 0.0295%.

Larisa Kalanda, a member of the Management Board, increased her shareholding from 0.0035% to 0.0068%.

Pavel Fedorov, a member of the Management Board, increased his shareholding from 0.0014% to 0.0047%.

Detailed breakdown of management shareholding is available on Rosneft's website in the 'Corporate Governance' section.

Rosneft Information Division

tel: +7 (495) 221-31-07fax: +7 (495) 411-54-21

[email protected]

April 27, 2011