Directorate Change

23 December 2013

Ruspetro plc ("Ruspetro" or the "Company")

Directorate Change

London, 23 December 2013: Ruspetro plc (LSE: RPO) today announces that Mr Rolf Stomberg (73 years old), the Company's Senior Independent Director, will step down from the Board of the Company with effect from 1 January 2014.

The Board will appoint, in due course, a new Senior Independent Director and replace Mr Stomberg's positions on the Remuneration and Nomination Committees. 

The Board will also consider the composition of the Board as a whole to ensure that it complies with the best practice of the UK Corporate Governance Code with regards to board independence.

Alexander Chistyakov, Chairman, commented:

"I would like to thank Mr Stomberg for the valuable service he has provided to the Company and wish him the very best for his future. The Company is focused on compliance with the best practice provisions of the UK Corporate Governance Code and as such is reviewing Board and committee compositions currently."

ENDS

Enquiries

Investors / analyst enquiries

Dominic Manley, Ruspetro

+44 207 318 1265

Twitter: @ruspetroplc

Media

Ben Brewerton, Natalia Erikssen - FTI Consulting

+44 207 831 3113

About Ruspetro

Ruspetro plc is an independent oil & gas development and production company, listed on the premium segment of the London Stock Exchange (LSE: RPO). The Company's operations are located on three contiguous licence blocks in the middle of the Krasnoleninsk Arch in Western Siberia. Ruspetro assets include proved and probable (2P) reserves of over 1.8 billion barrels of oil equivalent.