Ruspetro Regulatory News (RPO)

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES, AUSTRALIA, CANADA JAPAN OR THE RUSSIAN FEDERATION

This announcement does not constitute or form part of any offer for sale or subscription of or solicitation of any offer or any invitation to buy or subscribe for any securities, and neither this announcement nor any part of it shall form the basis of or be relied on in connection with or act as an inducement to enter into any contract or commitment whatsoever.

This announcement is, for UK regulatory purposes, an advertisement and not a prospectus and investors should not subscribe for or purchase any shares referred to in this announcement except on the basis of information in the final prospectus (the "Prospectus") published by RusPetro plc ("RusPetro" or the "Company" and, together with its subsidiaries, the "Group") on 19 January 2012 in connection with the admission of its ordinary shares (the "Shares") to the premium listing segment of the Official List of the Financial Services Authority ("FSA") and to trading on the London Stock Exchange's ("LSE") main market for listed securities (together, the "IPO" or "Admission"). Copies of the Prospectus are available from the registered office of the Company at First Floor, 10 Dover Street, London W1S 4LQ.

RUSPETRO ANNOUNCES ADMISSION TO TRADING ON THE LONDON STOCK EXCHANGE

24 January 2012 - RusPetro plc, an independent UK oil and gas exploration and production company with assets in Western Siberia, Russia, today announces that its ordinary share capital of 328,794,632 shares has been admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market for Listed securities today under the ticker "RPO". Further information about the Company is available on its website at www.ruspetro.com.

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The contents of this announcement, which have been prepared by and are the sole responsibility of RusPetro, have been approved solely for the purposes of section 21(2)(b) of the Financial Services and Markets Act 2000 ("FSMA") by BofA Merrill Lynch of 2 King Edward Street, London EC1A 1HQ, United Kingdom.

The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness. The material set forth herein is for informational purposes only and is not intended, and should not be construed, as an offer of securities for sale in the United States Canada, Japan, Australia or the Russian Federation or any other jurisdiction in which such offer or solicitation is unlawful.

This announcement is not for publication or distribution, directly or indirectly, in or into the United States. The Shares described herein have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act"), or the laws of any state, and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state laws. The distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

This announcement does not contain or constitute an offer for sale or subscription of, or the solicitation of an offer or an invitation to buy or subscribe for securities, to any person in any jurisdiction. The offer and sale of the Shares referred to herein has not been and will not be registered under the Securities Act or under the applicable securities laws of Canada, Japan, Australia or the Russian Federation. Subject to certain exceptions, the Shares referred to herein may not be offered or sold in Canada, Japan, Australia or the Russian Federation or to, or for the account or benefit of, any national, resident or citizen of Canada, Japan, Australia or the Russian Federation. There will be no public offer of the Shares in the United States, Canada, Japan, Australia or the Russian Federation.

This announcement is an advertisement and not a prospectus and investors should not subscribe for any transferable securities referred to in this announcement except on the basis of information in the Prospectus. No reliance may or should be placed by any person for any purposes whatsoever on the information contained in this announcement or on its completeness, accuracy or fairness.

The information provided in this document is not an offer or advertisement of the Shares in the Russian Federation and is not an offer, or an invitation to make offers, sell, purchase, exchange or otherwise transfer any Shares in the Russian Federation or to or for the benefit of any Russian person or entity. The Shares are not being offered, sold or delivered in the Russian Federation or to or for the benefit of any persons (including legal entities) resident, incorporated, established or having their usual residence in the Russian Federation or to any person located within the territory of the Russian Federation except as may be permitted by Russian law. Neither the Shares nor any prospectus or other document relating to them have been or will be registered with the Federal Service for the Financial Markets of the Russian Federation and the Shares are not intended for "placement" or "circulation" in the Russian Federation, unless otherwise permitted under Russian law.

Each of Merrill Lynch International and Mirabaud Securities LLP is authorised and regulated in the United Kingdom by the FSA, Renaissance Securities (Cyprus) Limited is authorised and regulated in Cyprus by the Cyprus Securities and Exchange Commission, and each of the Joint Bookrunners is acting exclusively for RusPetro and no-one else in connection with the Offering and will not regard any other person (whether or not a recipient of this announcement) as its respective client in relation to the Offering and will not be responsible to anyone other than RusPetro for providing the protections afforded to their respective clients, nor for giving advice in relation to the IPO, the contents of this announcement or any transaction or arrangements referred to in this announcement.

Apart from the responsibilities and liabilities, if any, which may be imposed on each of the Joint Bookrunners and its respective directors, officers, employees, advisers, agents or affiliates, each of the Joint Bookrunners accepts no responsibility whatsoever for, or makes any representation or warranty expressed or implied as to, the contents of this announcement (or whether any information has been omitted from the announcement), including its accuracy, completeness or verification in connection with RusPetro, the Shares or the Offering. Each of the Joint Bookrunners and its respective affiliates accordingly disclaim all and any liability whether arising in tort, contract or otherwise (save as referred to above) which they might otherwise have in respect of this announcement or its contents otherwise arising in connection herewith. 

In connection with the Offering, each of the Joint Bookrunners and any of its respective affiliates, acting as investors for their own accounts, may subscribe for or purchase Shares and in that capacity may retain, purchase, sell, offer to sell or otherwise deal for their own accounts in such Shares and other securities of the Company or related investments in connection with the Offering or otherwise. Accordingly, references in the Prospectus to the Shares being issued, offered, subscribed, acquired, placed or otherwise dealt in should be read as including any issue or offer to, or subscription, acquisition, placing or dealing by any of the Joint Bookrunners and any of its affiliates acting as investors for their own accounts. None of the Joint Bookrunners intend to disclose the extent of any such investment or transactions otherwise than in accordance with any legal or regulatory obligations to do so.

This announcement and the terms and conditions set out in this announcement are for information purposes only and are directed only at persons who are: (a) (i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"), or (ii) persons falling within Article 49(2)(a) to (d) ("high net worth companies, unincorporated associations, etc") of the order, or (iii) persons to whom it may otherwise be lawfully communicated; and (b) (i) persons in member states of the European Economic Area who are qualified investors (as defined in Article 2(1)(e) of EU Directive 2003/71/EC (the "Prospectus Directive")), and/or (ii) persons in the United Kingdom who are qualified investors (all such persons together being referred to as "relevant persons"). This announcement and the terms and conditions set out in this announcement must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this announcement and the terms and conditions set out in this announcement relate is available only to relevant persons and will be engaged in only with relevant persons. This announcement does not itself constitute an offer for sale or subscription of any securities in RusPetro.

Any purchase of Shares in the Offering should be made solely on the basis of the information contained in the Prospectus to be issued by the Company in connection with the Offering.

In connection with the Offering, BofA Merrill Lynch, as Stabilising Manager, or any of its agents, may (but will be under no obligation to), to the extent permitted by applicable law, over-allot Shares or effect other transactions with a view to supporting the market price of the Shares at a higher level than that which might otherwise prevail in the open market. The Stabilisation Manager is not required to enter into such transactions and such transactions may be effected on any stock market, over-the-counter market, stock exchange or otherwise and may be undertaken at any time during the period commencing on the date of the commencement of conditional dealings of the Shares on the LSE and ending no later than 30 calendar days thereafter. However, there will be no obligation on the Stabilising Manager or any of its agents to effect stabilising transactions and there is no assurance that stabilising transactions will be undertaken. Such stabilising measures, if commenced, may be discontinued at any time without prior notice. In no event will measures be taken to stabilise the market price of the Shares above the Offer Price. Save as required by law or regulation, neither the Stabilising Manager nor any of its agents intends to disclose the extent of any over-allotments made and/or stabilisation transactions conducted in relation to the Offering.

In connection with the Offering, the Stabilising Manager, may, for stabilisation purposes, over-allot shares up to a maximum of ten per cent. of the new ordinary shares comprised in the Offering. For the purposes of allowing the Stabilising Manager to cover short positions resulting from any such overallotments and/or from sales of Shares effected by it during the stabilisation period, it is expected that the Company will grant it an Over-Allotment Option, pursuant to which the Stabilising Manager may purchase or procure purchasers for additional shares up to a maximum of ten per cent. of the new ordinary shares comprised in the Offering (the "Over-Allotment Shares") at the Offer Price. The Over-Allotment Option will be exercisable in whole or in part, upon notice by the Stabilising Manager, at any time on or before the 30th calendar day after the commencement of conditional trading of the Shares on the LSE. Any Over-Allotment Shares made available pursuant to the Over-Allotment Option will rank pari passu in all respects with the Shares, including for all dividends and other distributions declared, made or paid on the Shares, will be purchased on the same terms and conditions as the Shares being issued or sold in the Offering and will form a single class for all purposes with the other Shares.