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Rosneft completes acquisition of minority stake in Saras S.p.A.

24 April 2013

Rosneft JV Projects S.A., an indirect 100% subsidiary of Rosneft announces, pursuant to Article 41, paragraph 2, letter c) of the Consob Regulation no. 11971/1999, that on April 23, 2013 it completed the acquisition of 130,290,883 shares of Saras S.p.A. (representing approximately 13.70% of the issued share capital of Saras S.p.A.), for a total consideration of Euro 178,498,510, from Angelo Moratti S.a.p.A., Gian Marco Moratti and Massimo Moratti pursuant to the share sale and purchase agreement executed on April 15, 2013 and already communicated to the market.

In particular Rosneft JV Projects S.A.purchased:

(i) from Angelo Moratti S.a.p.A. 118,290,883 shares of Saras S.p.A., for a price per share equal to Euro 1.370 and a total consideration equal to Euro 162,058,510.00. As a result of such transaction, Angelo Moratti S.a.p.a. retains a controlling stake in Saras S.p.A. equal to approximately 50.02%.

(ii) from Gian Marco Moratti 6,000,000 shares of Saras S.p.A., for a price per share equal to Euro 1.370 and a total consideration equal to Euro 8,220,000.00. As a result of such transaction, Gian Marco Moratti does not personally hold any shares in Saras S.p.A.

(iii) from Massimo Moratti 6,000,000 shares of Saras S.p.A., for a price per share equal to Euro 1.370 and a total consideration equal to Euro 8,220,000.00. As a result of such transaction, Gian Marco Moratti does not personally hold any shares in Saras S.p.A.

Rosneft Information Division
Tel.: +7 (495) 411 54 20
Fax: +7 (495) 411 54 21
www.rosneft.com
April 24, 2013

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.