Ruspetro Regulatory News (RPO)

1.

Name of the issuer

RUSPETRO PLC

2.

State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2 R, (ii) a disclosure made in accordance with LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006).

DTR 3.1.2 R

3.

Name of person discharging managerial

responsibilities/director

KIRILL ANDROSOV

4.

State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person

N/A

5.

Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest1

KIRILL ANDROSOV

6.

Description of shares (including class), debentures or derivatives or financial instruments relating to shares

RUSPETRO PLC ORDINARY SHARES OF 10p

7.

Name of registered shareholders(s) and, if more than one, the number of shares held by each of them

LIMOLINES TRANSPORT LIMITED

8.

State the nature of the transaction

OPEN OFFER AND PLACING

9.

Number of shares, debentures or financial

instruments relating to shares acquired

127,149,368 SHARES

10.

Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

14.62%

11.

Number of shares, debentures or financial

instruments relating to shares disposed

N/A

12.

Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)

 N/A

13.

Price per share or value of transaction

10.00 PENCE PER SHARE

14.

Date and place of transaction

11th December 2014 LONDON, UK

15.

Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

217,299,368 - 24.99%

16.

Date issuer informed of transaction

16th December 2014

17.

Date of grant

N/A

18.

Period during which or date on which exercisable

N/A

19.

Total amount paid (if any) for grant of the option

NIL

20.

Description of shares or debentures involved (class and number)

N/A

21.

Exercise price (if fixed at time of grant) or

indication that price is to be fixed at the time of exercise

N/A

22.

Total number of shares or debentures over which options held following notification

N/A

23.

Any additional information

N/A

24.

Name of contact and telephone number for queries

Dominic Manley, +44 207 887 7624

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

RUSPETRO PLC

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

ü

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to thenotification obligation: iii

LIMOLINES TRANSPORT LIMITED

4. Full name of shareholder(s)  (if different from 3.):iv

LIMOLINES TRANSPORT LIMITED

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

11 December 2014

6. Date on which issuer notified:

16 December 2014

7. Threshold(s) that is/are crossed orreached: vi, vii

Below 27%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

ORDINARY

90,150,000

90,150,000

217,299,368

217,299,368

24.99%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

N/A

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

N/A

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

217,299,368

24.99%

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi

N/A

Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will ceaseto hold:

N/A

12. Date on which proxy holder will cease to holdvoting rights:

N/A

13. Additional information:

14. Contact name:

John Wilson

15. Contact telephone number:

+372 506 8146