On April 19, 2007, Neft-Aktiv, a 100% held indirect subsidiary of Rosneft, was declared the winner of an auction for the YUKOS service companies being sold in connection with the companys bankruptcy proceedings. After an opening price of RUR 992,313,929, Neft-Aktiv placed a bid of RUR 1,032,005,920.
The lot being auctioned consisted of a 60% stake in Manoil, a 10% stake in Yuganskoil, a 41% stake in Rosneftetrans, a 100% stake inYuganskneftegeofizika-GEOFIMP, a 100% stake in YuganskNIPIneft, a 100% stake in Imushchestvo-Service-Nefteyugansk, a 100% stake in YuganskEPUservice, a 100% stake in MamontovEPUservice and a 50% stake in Evrokoop.
These companies provide repair, reconstruction and transportation services in support of Yuganskneftegaz business. The purchase of these assets will allow the Company to more effectively manage the operations at its largest oil-producing enterprise in the interests of all Rosneft shareholders.