OREANDA-NEWS. On March 6, 2007, Rosneft’s Board of Directors held a meeting that confirmed the agenda for the Company’s annual general shareholders’ meeting, as well as the list of candidates to the Board of Directors due to be elected at the meeting. The Board also has discussed a number of interested-party transactions.

According to the agenda confirmed, the participants in the annual shareholders’ meeting will confirm Rosneft’s annual report for 2006, the financial statements (including a profit and loss statement) and profit distribution. The size, timeframe and method of dividend payments will also be confirmed.

Shareholders are also scheduled to elect a new Board of Directors and an audit committee, as well as introduce amendments to the Company’s charter.