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Eduard Khudaynatov Increases Stake in OJSC Rosneft Share Capital

29 June 2011

OJSC Rosneft President Eduard Khudaynatov has acquired 1.988 million shares in OJSC Rosneft, increasing his stake in the company's share capital to 5.115 million shares or 0.0483%.

This acquisition of shares confirms Eduard Khudaynatov's statement at the Rosneft shareholders' meeting on June 10 that the company remains significantly undervalued and has considerable potential for growth.

Rosneft Information Division
Tel.: +7 (495) 411 54 20
Fax: +7 (495) 411 54 21
June 29, 2011

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.