Notification of Change of Director's Shareholding

Notification of Change of Director's Shareholding

Alexander Nekipelov, a member of Rosneft's Board of Directors, reduced his shareholding from 0.0003% to 0.00025%.

A detailed breakdown of management shareholdings is available on Rosneft's website in the «Corporate Governance» section.

Rosneft Information Division

tel: +7 (495) 221-31-07;

fax: +7 (495) 411-54-21

v_voevoda@rosneft.ru

December 23, 2010