Company Profile For OAO "Neftianaia kompaniia "Rosneft' "

Rosneft' NK OAO (Neftyanaya kompaniya Rosneft' OAO or Rosneft Oil Company OJSC) is a Russia-based holding company involved in the oil and gas industry. It is principally engaged in the exploration, development, production and sale of crude oil and gas, as well as refining, transportation and sale of petroleum products on the domestic and foreign markets. Rosneft’ NK OAO operates numerous subsidiaries across Russia, which provide such services as oil and gas production and development, field survey and exploration, investment, petroleum refining, marketing and distribution, transshipment, and gas processing. The Company is a 75.16%-owned subsidiary of Rosneftegaz OAO.

BRIEF: For the fiscal year ended 31 December 2008, Rosneft' NK OAO's total revenue increased 19% to RUR1.272T. Net income for the period decreased 42% to RUR142.72B. Total revenue reflects increased demand for the Company's products and services as well as favourable market conditions. Net income was offset by decreased gross profit margin as well as higher commercial, administrative and other operating expenses.