On October 1, 2009, OJSC Rosneft Oil Company transferred 100,842 of its ordinary shares to its three independent directors as their remuneration for 2008.

The number of Rosneft shares and GDRs held by the independent directors after the transfer is set out in the following table:

On June 19, 2009 shareholders of Rosneft approved the individual remuneration of Hans-Joerg Rudloff, Andrey Kostin and Alexander Nekipelov of 33,614 Rosneft ordinary shares to each of the named members of the Board of Directors.

The transferred shares were acquired by Rosneft in the buyback held from June 20, 2009 to August 3, 2009. The shareholders who had voted against or had not submitted their votes in respect of Resolutions 9 and 16 of the General Shareholder's Meeting could claim for the buyback of their shares at the price of RUB 157 per share. As a result of the buyback, Rosneft acquired a total of 847,954 of its shares and GDRs (0.008% of its authorized capital) for RUB 133 mln.

Following the above transfer, Rosneft has 1,000,747,112 shares in treasury and 9,597,430,705 shares outstanding.