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

In particular Rosneft JV Projects S.A.purchased:

from Angelo Moratti S.a.p.A. 118,290,883 shares of Saras S.p.A., for a price per share equal to Euro 1.370 and a total consideration equal to Euro 162,058,510.00. As a result of such transaction, Angelo Moratti S.a.p.a. retains a controlling stake in Saras S.p.A. equal to approximately 50.02%.

from Gian Marco Moratti 6,000,000 shares of Saras S.p.A., for a price per share equal to Euro 1.370 and a total consideration equal to Euro 8,220,000.00. As a result of such transaction, Gian Marco Moratti does not personally hold any shares in Saras S.p.A.

from Massimo Moratti 6,000,000 shares of Saras S.p.A., for a price per share equal to Euro 1.370 and a total consideration equal to Euro 8,220,000.00. As a result of such transaction, Gian Marco Moratti does not personally hold any shares in Saras S.p.A.

As communicated earlier, on December 15, 2012 Rosneft and Saras S.p.A. executed a memorandum of understanding setting forth their intention, among other things, to create a 50/50 joint venture for trading and processing crude oil and selling petroleum products.

Rosneft is a Russian oil industry leader and one of the largest public oil and gas companies in the world. Rosneft’s main operations are exploring for and producing oil and gas and producing and selling petroleum products and petrochemicals.

In 2012, Rosneft confirmed its status as the world’s largest company by proved liquid hydrocarbon reserves as well as its position as the undisputed leader by hydrocarbon resources among publicly traded oil and gas companies.

The Company is carrying out large-scale investment projects, entering new markets, establishing global energy partnerships and making large-scale acquisitions. Rosneft has become the largest publicly traded oil producer in the world after TNK-BP acquisition.

The united Company will manage 11 refineries in Russia and 6 outside Russia (stakes in 4 refineries in Germany, the Mozyr Refinery in Belarus and the Lisichansk Refinery in Ukraine), and will sell petroleum products through a sales network of 2,647 filling stations.

The Saras Group, whose operations were started by Angelo Moratti in 1962, has approximately 2,200 employees and total revenues of about 11.9 billion Euros as of 31st December 2012. The Group is active in the energy sector, and is a leading Italian and European crude oil refiner. It sells and distributes petroleum products in the domestic and international markets, directly and through the subsidiary Saras Energia S.A. in Spain, and the subsidiaries Arcola Petrolifera S.p.A. and Deposito di Arcola S.r.l. in Italy. The Group also operates in the electric power production and sale, through the subsidiaries Sarlux S.r.l. and Sardeolica S.r.l.. In addition, the Group provides industrial engineering and scientific research services to the oil, energy and environment sectors through the subsidiary Sartec S.p.A.. Finally, the Group operates also in the field of exploration for gaseous hydrocarbons.