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Company Statement

01 March 2018

In connection with the notification ExxonMobil sent to the US Securities and Exchange Commission about withdrawing from some of the joint projects with Rosneft we would like to state the following:

- ExxonMobil together with Rosneft is one the global oil and gas industry leaders. The two companies carry out a whole range of mutually beneficial projects in the interests of their shareholders in different regions around the world.

- The decisions of ExxonMobil to abandon certain projects that fall under the legislative limitations once again imposed by the US government despite their successful development fully comply with the position of the American regulator that changed the way we collaborate on these projects.

- Rosneft would like to thank its partners for making every effort possible to get the approvals of the US competent authorities to continue being part of these projects. Rosneft and ExxonMobil will jointly work on legally formalizing this outcome in order to minimize the damage to the shareholders of both companies. After preparing the documents, Rosneft will inform the shareholders on the details of the arrangements according to the corporate standards in place.

- Rosneft will continue to unilaterally carry out these projects and will welcome ExxonMobil returning to these projects if such legislative opportunity arises. We will pursue our collaboration with ExxonMobil on projects that are not affected by the existing limitations as well as on future projects.

Rosneft Information Division
tel.: + 7 (499) 517-88-97
March 01, 2018

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.