In October 2012 BP and Rosneft announced agreement in principle for the sale and purchase of BP’s 50 per cent interest in TNK-BP for $17.12 billion in cash and 12.84 per cent of Rosneft shares

Rosneft has finalized the acquisition of AAR's 50% share in TNK-BP in exchange for cash consideration of $27.73 billion USD in correspondence with the terms, agreed upon by the parties in October 2012. This amount is calculated basing on the terms of purchase price formation, stipulated by the purchase agreement.

Rosneft today announces the completion of transactions to acquire TNK-BP. Rosneft has finalised the deals to acquire BP’s 50% share in TNK-BP in exchange for $16.65 billion in cash and 12.84% of Rosneft shares. Separately BP acquires 5.66% of Rosneft shares from OFSC ROSNEFTEGAZ.

HOUSTON, March 6, 2013 - Neftegaz America Shelf LP (Neftegaz), an indirect independent subsidiary of Rosneft, acquires 30 percent interest in 20 deepwater exploration blocks in the Gulf of Mexico held by ExxonMobil, under an agreement signed by the two companies.

Rosneft signed long-term crude supply contracts with Glencore and Vitol, two of the world’s leading trading companies. Contracts signed are constituted by a series of supply transactions, the price of which is set at Rosneft tenders. Contracts were approved by Rosneft BOD on March 4, 2013.

The Rosneft Board of Directors held a meeting on March 4, 2013 and ruled to call the Annual Meeting of Company’s Shareholders (for 2012) in the form of holding a General Meeting (compresence of Company’s shareholders) in St Petersburg on June 20, 2013.