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Rosneft and SARAS S.p.A. Sign Joint Venture Agreement

21 June 2013

An agreement to create a joint venture on crude oil and petroleum products trading was signed today by Rosneft President and Chairman of the Management Board Igor Sechin and SARAS S.p.A. CEO Massimo Moratti.

Among the JV’s future key activities are trading operations involving both parties' assets as well as entering new markets using both companies’ potential.

The joint venture is created on a parity basis (50/50). The company is expected to begin operations in 2014 upon getting regulators’ approvals.

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