Rosneft Finalises Acquisition of AAR 50% in TNK-BP

Rosneft Finalises Acquisition of AAR's 50% Interest in TNK-BP

Rosneft has finalized the acquisition of AAR's 50% share in TNK-BP in exchange for cash consideration of $27.73 billion USD in correspondence with the terms, agreed upon by the parties in October 2012. This amount is calculated basing on the terms of purchase price formation, stipulated by the purchase agreement.

The parties had previously received all necessary corporate and regulatory approvals for closing the deal. This deal is independent from previously announced deal of acquiring BP's 50% share in TNK-BP.

Rosneft Information DivisionTel.: +7 (495) 411 54 20Fax: +7 (495) 411 54 21www.rosneft.com 

March 21, 2013

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