OREANDA-NEWS. March 09, 2011. TNK-BP announced that ordinary and preference shares of OJSC TNK-BP Holding, a Russia-domiciled subsidiary of the Group, will be included in the RTS Index and the RTS Oil & Gas Sectoral Index from March 16, 2011. The ordinary and preference shares will account for 1.4% of the main RTS Index and 3.3% of the RTS Sectoral Index, reported the press-centre of TNK-BP.

“Admission to trading of TNK-BP Holding’s shares on Russia’s two leading stock exchanges – the RTS and the MICEX – was launched last December in the interests of our minority shareholders and increased liquidity of the company’s stock”, said TNK-BP’s CFO Jonathan Muir. “Inclusion of TNK-BP Holding’s shares in both the sectoral and main RTS Indices once again confirms the high level of interest in our paper from the investment community.”

The RTS Index is calculated from a list of shares selected by the RTS Index Committee on the basis of capitalization and liquidity indicators and expert evaluation. The list is revised every three months and is based on 50 large-cap stocks.

The RTS Sectoral Indices include shares of companies in specific sectors of the economy. The weighting of any issuer is limited to 25%, while the number of stocks in the indices varies between 10 and 15.

Information for Editors:
OJSC TNK-BP Holding is an open joint stock company incorporated and operating in Russia. It was created in November 2004. TNK-BP Holding is the owner of most of TNK-BP’s assets in Russia. Minority shareholders own around 5% of TNK-BP Holding. Since December 2010, TNK-BP Holding’s ordinary (TNBP) and preference (TNBPP) shares have been admitted to trading on the leading Russian stock exchanges – RTS and MICEX - without completing the listing procedure (non-listed stock).

TNK-BP Holding’s ordinary shares are also included in the MICEX Oil & Gas Index and the MICEX Large Cap Index for the period from January 25 to April 22, 2011. TNK-BP Holding’s ordinary shares have a weighting of 3.64% in the MICEX Sector Index and 1.31% in the MICEX Large Cap Index.

TNK-BP is Russia’s third largest oil company, 50% held by BP and 50% held by the AAR Consortium (Alfa Group, Access Industries, and Renova). TNK-BP also owns close to 50% of another Russian oil and gas company, Slavneft. TNK-BP accounts for approximately 16% of Russia’s production (including its share of Slavneft). SEC proved reserves (life of field basis) were 8.794 billion boe as of December 31, 2010.

Reference to “TNK-BP” or “Group” mean “TNK-BP International and the company’s consolidated subsidiaries” unless the context requires otherwise.