Rosneft — M&A Activity 2013

Jun 21, 2013

National Storage Mechanism | Additional information

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RNS Number : 5998H

OJSC OC Rosneft

21 June 2013

Rosneft and CNPC Sign Agreements on Crude Oil Supplies

Rosneft President and Chairman of the Management Board Igor Sechin and Chairman of China National Petroleum Corporation (CNPC) Zhou Jiping signed long-term crude oil supply contracts to China during the Saint Petersburg International Economic Forum. The contracts mark a further important step in the energy and economic relations between both companies and their respective countries.

Commenting on the long-term nature and the magnitude of the contracts, Igor Sechin spoke about the opportunity they offer to solidify the long-term nature of the relationship between two companies, to provide incremental financial resources to further the company's exploration and production program, to develop the design and construction of the necessary logistical infrastructure works, to plan the distribution of Rosneft's crude resources with foresight, and to perform long-term crude sales at market-based prices. He praised the innovative and non-debt nature of this initiative.

Zhou Jiping noted the significance of the supply co-operation with Rosneft in function of diversity and security of supply for China, the opportunity it provides to ensure loading and further development of CNPC's refining and marketing programs and the further strengthening it provides of the relationship between the companies to together explore other opportunities.

Rosneft and CNPC signed the contracts in the framework of the Intergovernmental Agreement between Russia and China entered into in March 2013.

In addition to crude oil supplies, Rosneft and CNPC implement joint projects to build the Tianjin refinery and to develop cooperation in crude oil production.

Rosneft Information Division

Tel.: + 7 (499) 517-88-97

www.rosneft.com

June 21, 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.

This information is provided by RNS

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