#1ROSNEFT IFRS RESULTS Q4 AND 12M 2021 February 11, 2022#22 IMPORTANT NOTICE ROSNEFT Information herein has been prepared by the Company. The presented conclusions are based on the general information collected as of the date hereof and can be amended without any additional notice. The Company relies on the information obtained from the sources which it deems credible; however, it does not guarantee its accuracy or completeness. These materials contain statements about future events and explanations representing a forecast of such events. Any assertion in these materials that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors, which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. We assume no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting such statements. This presentation does not constitute an offer to sell, or any solicitation of any offer to subscribe for or purchase any securities. It is understood that nothing in this report / presentation provides grounds for any contract or commitment whatsoever. The information herein should not for any purpose be deemed complete, accurate or impartial. The information herein in subject to verification, final formatting and modification. The contents hereof has not been verified by the Company. Accordingly, we did not and do not give on behalf of the Company, its shareholders, directors, officers or employees or any other person, any representations or warranties, either explicitly expressed or implied, as to the accuracy, completeness or objectivity of information or opinions contained in it. None of the directors of the Company, its shareholders, officers or employees or any other persons accepts any liability for any loss of any kind that may arise from any use of this presentation or its contents or otherwise arising in connection therewith.#33 KEY FINANCIAL INDICATORS 883 Rub bn 1,044 Rub bn Record-high 2021 Net Income 2021 Free Cash Flow (a 2.5x growth YoY) ROSNEFT -5.5 sbn $ Reduction of net financial debt and trading liabilities YTD#4με e RCVR SRC KEY EVENTS ROSNEFT 4 HEDTE TEPEPABOTIKA Rosneft Board of Directors approved a new strategy 'Rosneft-2030: Reliable Energy and Global Energy Transition' A new unique gas condensate field was discovered in the Taimyr Peninsula with 384 bcm of gas reserves Comprehensive engineering surveys have been completed and construction of facilities for the oil transportation system of the Vostok Oil project has begun. Winter navigation campaign for the delivery of goods for the construction of the project facilities has started Rosneft and Maire Tecnimont signed a contract for the construction of a vacuum gasoil hydrocracking complex at the Ryazan Oil Refining Company#5NEW 'ROSNEFT-2030' STRATEGY Expected FCF growth by 2030. Carbon Footprint Reduction Operational Leadership Efficiency Improvement 'Net Zero' on GHG emissions by 20501 330 mmtoepa of hydrocarbons production by 2030 Maintain leadership in unit production costs 69% light products yield at Russian refineries >2x growth 5 (1) Scope 1 and 2 2030 ROSNEFT#66 CARBON FOOTPRINT REDUCTION TARGETS GHG emissions reduction¹ >25% by 2035 Scope 1 and 2 emissions and by 5% by 2025 GHG intensity <20 kg CO2-e/boe by 2030 or earlier Scope 1 and 2 Upstream GHG emissions intensity at the average intensity level among OGCI members (1) Compared to 2020 level Net Zero by 2050 (Scope 1 and 2) ROSNEFT Gas Flaring O by 2030 Zero routine flaring of APG at target level set by the World Bank and OGCI Methane¹ <0.2% by 2030 Methane emissions intensity#7ROSNEFT ESG EVENTS Environmental: In 2021, Rosneft released more than 117 mln fringerlings, bred in fish farms, into Russia's river systems as part of a program to preserve biodiversity and replenish aquatic. bioresources Social: The Company reduced the number of process safety events (PSE). In 2021, the number of process safety events PSE-1 in the Upstream¹ decreased by almost 21% due to enhanced control and implementation of the program on improving the pipeline reliability. In 2021, due to the continuous improvement of safety procedures in the Upstream the loss of well control (LOWC) metric amounted to 0.001 versus more than 10 mln meters of well drilling Governance: Rub 5 bn were allocated for an ongoing comprehensive program on combatting Covid-19 7 Note: (1) PSE - Process safety events (tier 1)#8COMPANY ACHIEVEMENTS IN ESG Bloomberg The global leader - ahead of the major O&G companies The rating is 69.71 REFINITIV FTSE4Good Rosneft remains a constituent of the international FTSE4Good Index Series with strong ESG performance MSCI CDP DISCLOSURE INSIGHT ACTION The climate change rating increased to B IRAEX EXPERTRA The best Russian oil and gas Company in the rating 8 Top 10 industry leaders The rating is A- The rating improved to BB due to improved disclose of information on combating climate change PART OF VE Moody's ESG Solutions The Company was included in the top 100 of 843 emerging market companies, representing 36 sectors of the economy from 31 countries S&P Global CSA1 The rating improved to 67 (percentile²) The rating is 47 Data: as of February 1, 2022. (1) CSA - Corporate Sustainability Assessment; (2) In the industry peer group#9ROSNEFT CRUDE OIL DEMAND AND SUPPLY Crude oil production • Crude oil consumption mmbpd 110 100 90 90 80 88 172 Q1 '20 720 22 ≈20 '20 '20 Q2 Q3 Q4 Q1 Q2 Q3 '20 ཁྱས Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 '21 '21 '21 '21 '22 '22 '22 '22 '23 '23 23 22 '23 '23 9 Source: Bloomberg data, EIA outlook#1010 Source: Bloomberg data ROSNEFT BRENT PRICES $/bbl Actual I Forecast Range 100 80 80 60 60 40 40 ㅎ요 Q4 Q1 '19 '20 22 172 Q2 '20 229 Q3 '20 '20 724 Q4 Q1 Q2 Q3 Q4 Q1 '21 '21 '21 ཏྱཾས Q2 '21 '22 '22 '22 '22 NO Q3 Q4 Q1 '23 223 Q2 '23 20 20#110 4 8 12 16 GROSS UPSTREAM MARGIN1 20 20 '000 Rub/t Monthly average FY average 2019 2020 11 Note: (1) Calculated as Urals price less export customs duty and effective MET rate Dec Jan Feb 2021 2022 ROSNEFT#12OPERATING RESULTS#1313 KEY OPERATING INDICATORS 946 1,080 1,109 1,121 ROSNEFT Hydrocarbon production, kboepd Liquids * 3,847* 3,905 3,979 3,989 Gas 10.97 11.00 Crude oil processing, mmt 93.01 95.13 In Russia 2.95 2.90 Abroad 24.14 23.43 2020 2021 Q3'21 Q4'21 * Excluding 'low-margin' assets disposed in 2020. For assets included in the Rosneft Group as of 2021 year end (excluding the assets divested in both 2020 and 2021) average daily HC production increased by 4.9% YoY and 1.3% QoQ.#1414 ROSNEFT EFFICIENT RESERVE REPLACEMENT Proven reserves reconciliation¹, bn boe 38.6 0.9 0.6 1.8 1.2 38.3 2020 production exploration revision of disposals and production estimates drilling 2021 SEC proven hydrocarbon reserves volumes and replacement ratios 42.0 41.4 173% 38.6 38.3 138% 129% 117% 2 fields and 256 new deposits with total AB1C1+B2C2 reserves of about 0.5 bn toe were discovered The largest global discovery in 2021: field named after. E. Zinichev² with 384 bcm of AB1C1+B2C2 recoverable gas reserves The share of reserves discovered by the Company in 2021 accounts for 75% (in oil equivalent) of all discoveries in Russia Proven reserve life (SEC) - over 20 years Proven hydrocarbon reserves replacement ratio (SEC)³: 117% in 2021 (assets in operation)4 116% organic 132% organic (average for 2019-21) In 2021, 3P hydrocarbon reserve replacement ratio (PRMS) amounted to 216%³ (assets in operation) Results of an independent international reserves audit confirmed a high resource potential of the Vostok Oil project 2018 2019 2020 2021 ■Proven reserves, bn boe Reserve replacement ratio Note: (1) Proven SEC reserves (including fuel gas). (2) According to Wood Mackenzie. (3) All ratios calculations based on metric units. (4) On comparable terms#1515 NAVIGATING OPEC+ ENVIRONMENT Rosneft liquids production Russian crude oil production cuts under the OPEC+ Agreement¹ 5,000 kbpd 4,000 3,000 'Low-margin' assets production 0,3% -1,000 2% 4% ~1% -2,000 0 2,000 -3,000 Q1'20 Q2 '20 Q3 '20 Q4'20 Q1'21 Q2 '21 Q3 '21 Q4'21 kbpd 2020 Feb 2021 +500 +255 +245 +500 ROSNEFT In Q4 2021, liquids production increased by 0.3% or by 1%, excluding the assets disposed of in Q3 2021, amid easing restrictions under the OPEC+ Agreement Note: (1) Vs the base oil production level of 11 mmbpd Oil companies' production cuts on a pro rata basis In January 2022, the production recovery for Russia was set at +100 kbpd. The Company is in full compliance with the quotas provided by the Government#1616 ROSNEFT VOSTOK OIL In the Zapadno-Irkinskiy LA, 500 sq. km of 3D seismic work were conducted, 3 exploration wells with a 100% success rate were completed at the project, construction of another 8 wells is underway Design and survey works were completed for the facilities of the 'Sever Bay Port' terminal, and the Vankor-Suzun oil transportation system. Design work at the key energy facilities is underway The project for the construction of the 'Sever Bay Port' sea terminal: the construction of hydraulic structures, storage facilities for materials and equipment, berthing facilities on the Yenisei Bay are underway Construction of an oil pipeline connecting the Vankor and Payakha clusters with the 'Sever Bay Port' terminal of a total length of 770 km has begun Construction of 10 Arc-7 oil tankers is underway at 'Zvezda' shipbuilding complex. The first ship will be ready in 2024, 2 more will be built in 2025, followed by another 3 in 2026, and 4 in 2027 52 LA, 13 HC fields RESOURCE BASE EXPECTED TRAFFIC VIA THE NORTHERN SEA ROUTE 6 bn t of liquids c. 2 tcm of gas 2024 up to 30 mmt, 2027-up to 50 mmt, 2030 up to 100 mmt#1717 ROSNEFT GAS BUSINESS Gas production, bcm 64.75 +14% 56.86 Positive dynamics was due to an increase in natural gas production at the Rospan project, an increase in sales of gas produced at the Zohr field (Egypt), as well as an increase in gas production by Sibneftegaz 27.99 27.11 16.76 16.94 36.76 29.75 6.79 7.77 9.97 9.17 Q3 '21 Q4'21 2020* 2021 Associated petroleum gas Natural gas * Excluding 'low-margin' assets disposed in 2020. For assets included in the Rosneft Group as of 2021 year end (excluding the assets divested in both 2020 and 2021) average daily gas production increased by 15.9% YoY.#1818 GAS BUSINESS ROSNEFT At the Rospan project, commissioning work is being completed. at the second start-up complex, preparations are underway for its launch, which will ensure a further production increase and reaching the planned production level At the Kharampur field, work is being carried out in accordance with the schedule. Welding and insulation of the joints of the gas pipeline linear part, hydrotesting of absorbers at the gas drying unit of the complex gas treatment unit have been completed, a heat and power unit has been launched. The construction readiness for the key facilities is: 79% for the complex gas treatment unit and 88% for the external transport gas pipeline#1919 OIL REFINING Refining margins¹, $/t 64.8 400 Key product prices less cost of feedstock, Russian refineries¹, $/t 45.2 300 40.1 29.4 29.9 200 14.0 12.4 5.5 6.5 100 0.5 10.4 11.1 17.6 20.8 - 24.8 -100 - 29.1 40 40 28.0 Product output, mmt ROSNEFT 24.8 25.1 25.7 26.3 25.7 25.6 30 23.5 20 10 0 0 TT -10 -200 -300 -20 -30 -400 -40 Q1'20 Q2 '20 Q3 '20 Q4'20 Q1'21 Q2 '21 Q3 '21 Q4'21 Q1 20 Q2 '20 Q3 '20 Q4'20 Q1'21 Q2'21 Q3 '21 Q4'21 Q1'20 Q2'20 Q3 '20 Q4'20 Q1'21 Q2 '21 Q3 '21 Q4'21 Russia -Europe Diesel Fuel oil Gasoline Refining margin (RHS) Diesel Fuel oil Gasoline Other Outside Russia Note: (1) Including the reverse excise tax on crude and damper for motor fuels. Prices for petroleum products are calculated «at the refinery gates» Russia#2020 20 FOCUS ON DISTRIBUTION CHANNELS DEVELOPMENT Netbacks of the main crude oil marketing channels, $/t Export, Asia $/t 500 450 400 350 300 250 1560 200 150 Netback, refining - Export, Europe Netback, domestic market 100 Q1'20 Q2 '20 Q3'20 Q4'20 Q1'21 Q2'21 Q3 '21 Q4'21 ROSNEFT Crude oil marketing breakdown, mmt 213.6 212.2 53.9 56.4 Export, West 22% 22% 22% 24% Export, Asia 29% 26% 25% 27% 3% 3% Export, CIS 3% 4% 5% 2% Domestic market 5% Refining in Russia 44% 45% 45% 42% 12M '20 12M '21 Q3 '21 Q4'21#21PREMIUM MARKETING CHANNELS TA MAGNUM ULTRATEC SW-40 SCE РОСНЕФТЬ ROSNEFT Avia In 2021, the network of presence at the airports of Turkey, Cyprus, China, Vietnam, and Indonesia was expanded. Jet fuel is sold at the airports in Germany, Georgia, and Mongolia. The design work of a centralized refueling system for aircraft at the Krasnoyarsk airport has begun Bunker fuel The bunker fuel business is presented in all the key seaports of Russia - the Far East, the Black Sea and the North-West region, in the river ports of the Volga- Don basin and the basins of the Amur and Lena rivers. The Company is one of the leaders on the Russian market with a share of at least 17%. In 2021, sales of fuel with a reduced sulfur content (up to 0.5%), fully compliant with MARPOL requirements, amounted to over 1 mmt Lubes In 2021, LLC RN-Lubricants was an official supplier of Rosneft Revolux D5 API CJ-4 high-tech engine oil for GAZ Group. Total sales, including base oils and by- products, increased by 7% to 1.1 mmt. LLC RN-Lubricants provided the LADA SPORT ROSNEFT racing team with the new generation Rosneft Magnum Racing engine oil during the 2021 circuit racing season Bitumen In 2021, the volume of bituminous materials production and sales hit an all-time high and reached 3.1 mmt. An increase amounted to 6.5% YoY. In 2021, the volume of sales of modified binders that significantly improve the quality of the road surface increased by 21% YoY and amounted to 272 th. tons Sales volumes 3 mmt jet fuel¹ 21 1.7 mmt bunker fuel Note: (1) Including international sales, (2) Including by-products 1.1 mmt lubes² 3.1mmt bitumen#2222 22 ROSNEFT DEVELOPMENT OF THE RETAIL CHANNEL +11% retail sales volume +19% non-fuel sales gross revenue Key achievements In 2021, the retail sales volume at the filling stations exceeded the level of 2020 by 11%. Non-fuel margin increased by 19% YoY. As part of the work to provide additional services for customers of filling stations and complexes, Rosneft expanded the geography of the 'Apteka Auto' on-road pharmacies service. As of the year-end, 7 filling complexes were connected to the new service. To create a comfortable environment the service for self-delivery of Internet orders through parcel stations, including equipment for receiving / issuing clothes for dry cleaning, was arranged at ~170 filling complexes; 'World of Privileges' financial supermarkets with the possibility of issuing insurance policies, debit and credit cards were launched at ~200 filling complexes. A pilot project to provide household services at filling complexes has been started. ~16.9 mln loyalty program participants, incl. ~3.1 mln virtual loyalty cards holders Implemented activities The Company's retail business division continues developing the sale of environmentally friendly and cost-effective gas motor fuel. Taking into account the commissioned capacities, the Company possesses 5 CNG filling stations and 16 multi-fuel filling stations equipped with CNG sales modules. Until the end of 2028, it is planned to create a full-fledged gas filling infrastructure comprising 200 facilities, including 100 CNG filling stations and 100 CNG sales modules at filling complexes. As of the end of 2021, 18 charging stations for electric vehicles were installed and are in operation at the Company's filling stations, including 8 fast charging stations (50 kW) in the Moscow and Leningrad Regions, Vladivostok and 10 slow charging stations (22 kW) in Tver region and the Krasnodar territory. • ЗЕРНО • кофе в дорогу FAUTEKA CE3L TOE Бесконтактная оплата топлива 95 ACTIVE «Сервис предоставляется через Яндекс. Заправки BP ct#23FINANCIAL RESULTS#2424 EBITDA AND NET INCOME DYNAMICS EBITDA Q4 2021 vs. Q3 2021, Rub bn 314 638 14 24 Q3 2021 Crude oil price (Rub) Damper effect Net Income attr. to shareholders Q3 2021 31 345 3 11 (14) 676 Other taxes Income from associates and JVs Other Q4 2021 Net Income Q4 2021 vs. Q3 2021, Rub bn 44 (12) (106) 1 (36) 49 49 236 Minorities Net Income Q3 2021 Operating profit Financial expenses Other income and costs Income tax FX gains/losses (net) (net) Net Income Q4 2021 Minorities ROSNEFT 187 Net Income attr. to shareholders Q4 2021#2525 COSTS DYNAMICS 'Controlled' costs, Rub bn ROSNEFT 33 Maintaining unit lifting costs at a minimum level of $2.7 per boe (-3.6% YoY) Flat general and administrative costs QoQ Increased Downstream OPEX amid seasonal planned maintenance cost growth in Q4 2021 48 43 33 33 33 29 40 40 86 60 15 17 56 76 76 74 64 66 62 93 90 87 87 82 86 89 78 Q1'20 Q2 '20 Q3 '20 Q4'20 Q1'21 Q2'21 Q3 '21 Q4'21 Upstream OPEX Downstream OPEX General and administrative costs#2626 CAPEX 2021 CAPEX was attributed to the recovery of investment activity amid a favorable macroeconomic environment and was aimed at ensuring the implementation of Rub bn the production program of the Company, including Vostok Oil, Yuganskneftegaz and Samotlorneftegaz >90% of investment program accounts for Upstream projects: Maintaining stable production at mature fields Development of highly efficient greenfields 1,049 854 785 2019 2020 2021 2022 Plan#2727 EFFICIENT DEBT MANAGEMENT Liquidity position Financial debt breakdown as of December 31, 2021, $ bn as of December 31, 2021 12.2 32.8 Short-term financial debt Available liquid assets Available credit lines Liquid financial assets 30% ■Rubles ■Foreign currencies 47% ■Floating rates 53% ■Fixed rates 70% ROSNEFT Low share of the short-term financial debt 44% 78% 79% 83% 81% 56% 22% 21% 17% 19% 31/12/17 31/12/18 31/12/19 31/12/20 31/12/21 Short-term financial debt Long-term financial debt#28APPENDIX (kg) www#2929 KEY OPERATIONAL HIGHLIGHTS ROSNEFT INDICATOR, RUB BN Q4'21 Q3 '21 % 12M '21 12M '20 % Hydrocarbon production, incl. 5,110 5,088 0.4% 4,985 5,186 (3.9)% kboed Liquids kbpd Gas 3,989 3,979 0.3% 3,905 4,141 (5.7)% 1,121 1,109 1.0% 1,080 1,045 3.3% kboed Oil refining 26.33 27.09 (2.8)% 106.13 103.98 2.1% mmt Product output 25.63 26.33 (2.7)% 103.31 101.41 1.9% mmt#30KEY FINANCIAL HIGHLIGHTS EBITDA, Rub bn Net Income, Rub bn INDICATOR, RUB BN ROSNEFT Q4'21 Q3 '21 % 12M '21 12M '20 % 676 638 6.0% 2,330 1,209 92.7% 187 314 (40.4)% 883 1321 > 100% attributable to Rosneft shareholders Adjusted net income¹, Rub bn 279 334 (16.5)% 1,057 168 > 100% Adjusted operating cashflow², Rub bn 524 602 (13.0)% 2,093 1,210 73.0% CAPEX, Rub bn 360 227 58.6% 1,049 785 33.6% Free Cash Flow, Rub bn 164 375 (56.3)% 1,044 425 > 100% EBITDA, $ bn 9.3 8.7 6.9% 31.7 17.2 84.3% Net Income, $ bn attributable to Rosneft shareholders Adjusted net income², $ bn attributable to Rosneft shareholders Adjusted operating cashflow³, $ bn CAPEX, $ bn Free Cash Flow, $ bn Urals price, '000 Rub/bbl 2.5 4.3 (41.9)% 11.9 2.0 > 100% 3.8 4.5 (15.6)% 14.3 2.3 > 100% 7.2 8.3 (13.3)% 28.5 17.0 67.6% 4.9 3.2 53.1% 14.2 10.8 31.5% 2.3 5.1 (54.9)% 14.3 6.2 > 100% 5.64 5.18 8.9% 5.05 3.01 67.9% 30 Note: (1) The figure was restated following the completion of 2020 acquisitions purchase price allocation (2) Adjusted for FX gains/losses and other one-off effects. (3) Adjusted for prepayments under long-term crude oil supply contracts (including accrued interest), net change in operations of subsidiary banks and operations with trading securities (Rub equivalent)#3131 EBITDA AND NET INCOME DYNAMICS EBITDA 12M 2021 vs. 12M 2020, Rub bn 1,209 1 107 36 961 330 (32) (8) (18) (256) ROSNEFT 2,330 12M 2020 Crude oil price (Rub) Tax maneuver New tax initiatives Profits of associates Damper effect Other taxes Number of days and JVs Transport tariffs indexation Change in volumes 12M 2021 132 Net Income attr. to shareholders 12M 2020 34 166 Net Income 12M 2021 vs. 12M 2020, Rub bn 1,126 25- (209) (259) 163 1,012 129 Minorities Net Income Operating profit Financial expenses Other income and costs Income tax FX gains/losses Net Income Minorities 12M 2020 (net) (net) 12M 2021 883 Net Income attr. to shareholders 12M 2021#32EXPORT DUTY LAG 12M 2021, Rub bn +74 Q4 2021, Rub bn 2,256 2,330 666 +10 676 EBITDA (norm.) EBITDA (act.) EBITDA (norm.) EBITDA (act.) 32 ROSNEFT#3333 OPERATING CASH FLOW CALCULATION Profit and Loss Statement Cash Flow Statement ROSNEFT No INDICATOR 12M '21, $ BN 12M '21, $ BN INDICATOR No 일 13.7 Net income 1 1 Revenue, incl. 121.1 7.3 Reimbursement of prepayments and other Adjustments to reconcile net income to cash flow from operations, incl. 2 9.1 financial obligations received (7.1) Reimbursement of prepayments received under crude oil and petroleum products supply contracts 2 Costs and expenses, incl. (98.6) (1.8) Reimbursement of other financial obligations received (3.7) Changes in operating assets and liabilities, incl. 3 3 Operating profit (1+2) 22.5 Interest on prepayments under long-term crude oil supply (0.6) contracts 4 Expenses before income tax (5.5) (1.3) Income tax payments, interest and dividends received 16.0 Net cash from operating activities (1+2+3+4) 5 5 Income before income tax (3+4) 17.0 0.6 Netchange in operations of subsidiary banks 00 6 6 Income tax (3.3) 2.4 Prepayments for future supplies 9.5 Effect from prepayments 7 8 7 Net income (5+6) 13.7 28.5 Adjusted operational cash flow (5+6+7+8) 9#3434 OPERATING CASH FLOW CALCULATION 2,330 (50) (88) (238) (5) 144 ROSNEFT Rub bn 2,093 EBITDA 2021 Working capital Share in (profits)/losses of Income tax payments Interest and dividends Other Adj. operating cash flow associates and JVs received 2021#3535 FREE CASH FLOW CALCULATION 1,166 (12) 182 45 42 153 143 374 Net cash provided by Reimbursement of operating activities prepayments received 2021 (historical FX rate) Reimbursement of other financial FX rate change effect Interest on prepayments obligations Net change in operations of subsidiary banks Prepayments for future supplies 2,093 1,049 ROSNEFT Rub bn 1,044 Reimbursement of prepayments granted Adj. operating CAPEX Free cash flow cash flow#36FINANCE EXPENSES ROSNEFT INDICATOR, RUB BN Q4'21 Q3 '21 % 12M '21 12M '20 % 1. Interest accrued¹ 79 74 6.8% 283 264 7.2% 2. Interest paid and offset² 74 67 10.4% 265 259 2.3% 3. Change in interest payable (1-2) 5 7 (28.6)% 18 5 > 100% 4. Interest capitalized³ 40 37 8.1% 142 131 8.4% ம் 5. Net loss from operations with financial derivatives4 11 (100)% Increase in provision due to the unwinding of a 6. 7 6 16.7% discount 25 25 24 4.2% 7. Interest on prepayments under long-term oil and petroleum products supply contracts 10 11 (9.1)% ज 45 42 42 7.1% 8. Change in fair value of financial assets 5 1 > 100% 12 Increase in loss allowance for expected credit losses 9. 1 1 3 8 (62.5)% on debt financial assets 10. Other finance expenses 1 3 2 50.0% Total finance expenses 63 56 12.5% 229 220 4.1% (1-4+5+6+7+8+9+10) 36 Note: (1) Interest accrued on credits and loans and other financial obligations. (2) Interest is paid according to the schedule. (3) Interests paid shall be capitalized in accordance with IAS 23 standard Borrowing Costs. Capitalization rate is calculated by dividing the interest costs for borrowings related to capital expenditures by the average balance of loans. Capitalized interest shall be calculated by multiplying average balance of construction in progress by capitalization rate. (4) Net effect on operations with financial derivatives was related to FX component fluctuations of cross-currency interest rate swaps.#37ROSNEFT VARIANCE ANALYSIS 2021 EBITDA and net income sensitivity to +/-10% change in Urals price, Rub bn to +/-10% change in Rub/$ exchange rate, Rub bn 37 Source: Company data -248 -199 EBITDA Net Income 248 199 -315 -271 EBITDA Net Income 315 271 68.6 -10% +10% -10% $/bbl 73.7 Rub/$ +10%#38ROSNEFT THANK YOU FOR YOUR TIME!