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| Rosneft Appoints President |
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 Rosneft Oil Company appointed First Vice-President Eduard Khudainatov the President
of the Company starting from September 6, 2010.
Prior to his appointment as Rosneft's President Eduard Khudainatov has been Vice-president
and then First Vice-President of Rosneft. He was responsible for exploration,
production and strategic projects. Prior to join Rosneft Eduard Khudainatov was
the General Director of Severneftegaz, subsidiary of Gazprom, where he successfully
implemented the development of Yuzhno-Russkoye field, one the largest gas fields
in Russia. Before Severneftegaz Eduard Khudainatov occupied leading positions
in the Russian public authorities, including the Executive Office of the President
of the Russian Federation.
Commenting on the appointment, Rosneft's Chairman Igor Sechin said, "Rosneft
today is the leader of the Russian oil industry. I'm confident that Eduard Khoudainatov
has the experience and insights to lead the management team as Rosneft enters
its next development stage."
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