OREANDA-NEWS. OJSC Rosneft (the „Company“) is pleased to announce that on November 20, 2006 the Company made the final coupon and maturity payment to retire its five-year Eurobond issue for $150,000,000.

The bond issue was placed in November 2001 as the first corporate Eurobond from a Russian issuer following the country’s financial crisis in 1998. The terms of the bonds included a biannual coupon payment equivalent to over 12% interest per annum.

Rosneft is pleased to confirm that all payments over the life of the bonds have been paid in full and on time.