Group Reorganisation

The Group has completed a restructuring of its operations, Rusneftegaz will operate as a holding company controlling energy assets including 1 860 MW of electrical production capacity and oil assets producing approximately 15 000 bpd. The new structure is expected to create a group with assets of over $750.0 million, and projected annual profits of over $100.0 million in 2015. To continue, the new Group has also created a new, centralised administration in Moscow to improve efficiency and execution, and is investing in a new long-term strategic plan based upon the coadjuvancy and expertise of the new group.​