Rosneft and TNK-BP Merger Presentation

6 Scope to Exploit Synergies Joint Development Areas Crude and Product Supply Optimisation • • • Integration Plan Under Way Joint development of Suzun, Tagul and Russkoye using Vankor field infrastructure and joint development of Verkhnechonsk and Irkutsk region assets Joint future infrastructure solutions for Kuyumbinskoye and Yurubcheno-Tokhomskoye fields (peak production - about 7 mn tonnes) Coordinated development of Rospan, Kynsko-Chaselsk block, Kharampurskoye field and ITERA Products swaps and optimisation of refineries supply Gas . Increased scale and enhanced commercial position Cost Optimisation Asset Portfolio Optimisation • . • . Joint tendering and procurement to achieve capex savings Substantial scope for management overhead reduction Tax benefits from removing unnecessary offshore structures Asset portfolio rationalisation, including the sale of less profitable and non-core assets

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