OREANDA-NEWS. June 15, 2007. The Annual General Meeting (AGM) of Rosneft Shareholders will be held on June 30, 2007 at 11:00 a.m. at the following address: Krasnopresnenskaya Naberezhnaya, 14, building 18 (Pavilion No 7), Central Exhibition Complex, Expo-Center in Moscow. At the meeting, which was approved by the Rosneft Board of Directors on May 22, 2007, Company shareholders will discuss issues included in the agenda and conclude various decisions by vote.

The list of approved participants of the General Meeting was formed based on the Register of the Company Shareholders as of the close of business on May 23, 2007.

Participants can register from 10 a.m. to 5 p.m. on June 29, 2007 and after 9 a.m. on June 30, 2007 at the Expo Center (address above).

To register, approved AGM participants (or their representatives) must present the following documents:
Individual shareholder: an identification document (documents);
A representative of an individual shareholder: a power of attorney and the shareholder's identification document (documents);
A representative of a shareholder who is a corporate entity: a power of attorney on behalf of the corporate entity and an identification document (documents);
A representative, representing a shareholder who is a corporate entity, but acting without a power of attorney: a copy of the constituent documents of the shareholder; a document (documents) confirming the representative's permission to act (in particular, a copy of the decision on election or appointment), and an identification document (documents);
An individual who represent the State as a shareholder, who acts without a power of attorney as prescribed by Federal Laws or other acts by government institutions or local authorities empowered to do so: a document (documents) confirming the individual's permission to act in the given capacity (such as a professional ID, authorization to vote, etc.) and other identification.

Rosneft shareholders may also exercise their right to participate in the AGM by mailing (or personal delivery) of completed voting ballots accompanied by powers of attorney to the Company: 117997, Moscow, Sofiyskaya Naberezhnaya, 26/1, OJSC Rosneft or 115172, Moscow, POB 4 (or 102001, Moscow, POB 51), Reyestr-RN.

For voting purposes, quorum at the AGM will be established by counting all ballots that have been received by Rosneft as of 6 p.m. on June 27, 2007.

Agenda:
• Approval of the Annual Report of the Company
• Approval of the annual financial statement, including profit and loss statements of the Company
• Approval of the distribution of the Company's profits based on its performance in 2006
• Amount, terms and form of dividend payment based on its performance in 2006
• Remuneration and compensation received by the members of the Board of Directors of the Company
• Election of the members of the Board of Directors of the Company
• Election of the members of the Audit Committee of the Company
• Approval of the Auditor of the Company
• Introduction of amendments and supplements to the Company's Charter
• Approval of related party transactions

As of June 10, 2007, information materials concerning the AGM will be available for review at www.rosneft.ru (russian) and www.rosneft.com (english). Information is also available business days from 10 a.m. to 5 p.m. at Rosneft's Moscow office, located at Sofiyskaya Naberezhnaya, 26/1, telephone: (495) 987-30-60 and at the special Registrar (holder of the Register of Rosneft) — OOO “Reyestr-RN”.

Rosneft shareholders who plan to attend the Annual General Meeting are kindly requested to RSVP by telephone 987-30-60, fax 987-30-24 or E-mail: shareholders@rosneft.ru.