Group Reorganization

Our company can announce that it has completed a reorganization of its corporate structure, Rusneftegaz will operate as a holding company controlling oil assets extracting approximately fifteen thousand barrels per day and energy assets with electrical production capacity of 1.860 MW. 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 entity has also created a new, centralized 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.​ All inquires should be directed via email and telephone through their existing channels. We necessitate your cooperation and understanding with regard to this important matter.