Killajoules

Rosneft agreed to sell 8.99% interest in Saras S.p.A.
Rosneft JV Projects S.A. (Luxembourg), an indirect subsidiary of Rosneft Oil Company, has agreed to sell to institutional investors 85,481,816 ordinary shares in Saras S.p.A., representing approximately 8.99% of the total share capital in Saras S.p.A., at a price of EUR 1.90 per share, through an accelerated bookbuilt offering (the Offering). The share sale was closed at a premium of over 38% to the initial purchase price and is an example of efficient portfolio management and optimization program of Rosneft.

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

Rosneft President Igor Sechin Meets Saras S.p.A. Chaiman and CEO
President of Rosneft Igor Sechin and Chairman of the Board of Saras S.p.A. Gian Marco Moratti and CEO of Saras S.p.A. Massimo Moratti met in Rome to discuss possible co-operation between the two companies including but not limited to crude supply to the Sarroch refinery in Sardinia. The parties agreed to form a working group that will review joint commercial opportunities.

Accident at Saras Refinery
Saras is deeply saddened to inform you that yesterday evening a tragic event took place at the DEA3 unit of the Sarroch refinery. This unit was idle for scheduledmaintenance.