Rosneft and TNK-BP Merger Presentation

4 Rosneft and TNK-BP Combined Rosneft TNK-BP Combined 1P hydrocarbon reserves (bn boe)(1) 2P hydrocarbon reserves (bn boe) (1) Oil production 2011 (kbpd) (2) 23.4 14.9 38.3 35.1 30.0 65.1 2,380 1,742 4,122 Gas production 2011 (kboepd) (2) 206 245 451 # of refineries in CIS(3) Total net capacity (kbpd) (3) 7 5(4) 1,048 772(5) 12 1,820 RUSSIA BELORUSSIA Mozyr refinery (~21%) UKRAINE Lisichansk Messoyakha YANOS (50%) Polar Lights Severnaya Neft Vankor Kynsko- Chaselskaya Suzun and Tagul Russkoye Rospan Moscow Kharampur Ryazan refinery Nyagan Purnefetegaz Udmurtneft Samaraneftegaz refinery Saratov refinery Orenburgneftegaz Tuapse refinery Yuganskneftegaz Samotlor Source: Company information Note: (1) PRMS reserves as of 31-Dec-2011 (2) Including shares in affiliated companies, not including ITERA (3) Including non-controlling stakes and Rosneft's four mini-refineries in Russia (4) Excluding Nizhnevartovsk and Krasnoleninsk refineries (5) Excluding share in Mozyr refinery Kuyumbinskoye Yurubcheno- Tokhomskoye Uvat Tomskneft Achinsk refinery Angarsk refinery Sakhalin-1,3,5 Sakhalin Morneftegaz Verkhnechonsk Komsomolsk refinery Rosneft Assets Greenfield Projects Gas Projects Brownfield Refining Assets TNK-BP Assets Greenfield Projects Gas Projects Brownfield Refining Assets

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