OJSC Rosneft (Rosneft or the "Company") appoints Peter O’Brien as Vice President and Head of the recently established Group of Financial Advisers to the President of the Company. Mr. O’Brien will be responsible for strategic investment projects, debt and equity raising, business planning and monitoring.

Peter O’Brien, 36, has an MBA with distinction from Columbia University and a BA (Russian Studies) from Duke University. He served as co-head of Morgan Stanley’s investment banking effort in Russia since 2005. He is a fluent Russian speaker with 11 years experience in the financial services sector, including the last 6 at Morgan Stanley focused on investment banking for oil and gas companies in Europe and the former Soviet Union. During this period he advised on multiple strategic and capital market transactions of note, including NOVATEK’s IPO, the purchase of 10,73% of Gazprom by the Russian Federation, the formation of TNK-BP and Statoil’s IPO.

Rosneft management is sure that Mr. O’Brien’s experience with complex projects and his knowledge of financial markets will be invaluable for the Company.

Mr. O’Brien will assume his new role at Rosneft from April 3. He is expected to be elected to Rosneft’s Management Board at the next meeting of the Board of Directors, and also serve as First Deputy Chairman of Rosneft’s Investment Committee.