Rosneft has reached an agreement with international consortium composed of Unicredit Bank, Intesa Banking Group, and Clessidra Fund for purchase of 50% share of the company holding 26.19% of Pirelli & C. S.p.A. stake.

The transaction will be carried out at a value of 12 euro per share subject to mechanisms for corporate cooperation with possible creation of a separate legal entity. The parties will sign final agreements subject to Italian, European, and Russian Law.

Implementation of this agreement will tighten business relationships between Rosneft and Pirelli & C. S.p.A. under terms of agreements previously reached and implementation of plans of the companies for extension of joint international projects.

Rosneft Information Division
Tel: +7 (499) 517 88 97
Fax: +7 (495) 411 54 21
March 17, 2014

These materials contain statements about future events and expectations that are forward-looking in nature. Any statement 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 actual results, performance or achievements expressed or implied by such forward-looking statements to differ. We assume no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.

Keywords: Extending Cooperation, Pirelli & C. S.p.A., Rosneft