Calendar of Events 2011

January

Gazprom Neft and TNK-BP agree to set up a joint venture for development of Messoyakha oil and gas deposits in the northern part of the Yamal Peninsula.

Design of the packaging can used for G-Energy motor-oil wins the prestigious GOOD DESIGN award from the Chicago Museum of Architecture and Design.

Gazprom Neft-Aero and the aviation unit of PetroBras jointly commence supplying fuel for Transaero aircraft in Rio de Janeiro.

The Moscow Refinery launches production of Euro-4 diesel fuel.

February

The Company signs a cooperation agreement with the Government of Yugra.

Gazprom Neft-Aero is appointed exclusive supplier of jet fuel and refueling services to the Russian Air Force.

Gazprom Neft becomes the sole shareholder of Sibir Energy.

The Company selects the construction contractor for the Badra field in Iraq.

The Company successfully completes RUB 30 bn bond placement.

March

Gazprom Neft commissions production of Cenomanian gas deposits.

The Company signs a cooperation agreement with the Government of Yamal-Nenets Autonomous District.

Medium-term investment program is approved for the Omsk Refinery.

Gazprom Neft conducts seismic survey work on the continental shelf of Equatorial Guinea.

The Omsk Refinery begins production of gasoline that meets Environmental Class-4 standards.

Gazprom Neft commissions phase 2 of the Yuzhno-Priobskoye gas-turbine power plant in Khanty-Mansiysk Autonomous District.

The Company purchases an additional 5.15% of the authorized share capital of Serbia’s NIS, raising its holding to 56.15%.

Gazprom Neft and Slovenia’s Petrol sign a memorandum of understanding on cooperation for supply and sale of petroleum products in Southern Europe and the Balkans.

The Company approves a development strategy up to 2020 for NIS.

April

Gazprom Neft begins sales of its own fuel brand, G-Drive.

Gazprom Neft-Aero launches aircraft refueling services at Manas International Airport (Kyrgyzstan).

The Omsk Refinery launches production of polymer-bitumen materials.

The Company signs an agreement to reduce interest payments on a USD 1.5 bn syndicated loan secured in 2010.

Gazprom Neft’s filling station chain wins the Brand of the Year/EFFIE award for the most successful project in brand creation and promotion in the Russian market.

Gazprom Neft launches its Project Academy at the SKOLKOVO School of Management in Moscow.

The city of Omsk hosts the Gazprom Neft Cup for junior ice hockey teams.

Gazprom Neft signs a cooperation agreement with the Government of Ulyanovsk Region.

Gazprom Neft’s USD 1.5 bn syndicated loan named Deal of the Year by Euromoney’s Trade Finance Magazine.

May

Gazprom Neft negotiates USD 600 mn unsecured club-term loan facility.

Gazprom Neft-Aero commences aircraft refueling services at 12 Russian Ministry of Defense airfields.

The Company carries out seismic work in Iraq.

Gazprom Neft completes sale of emission reduction units (ERUs) under the Kyoto Protocol.

NIS starts operations at fields in Romania.

The Company is named the best taxpayer in St. Petersburg for 2010.

Gazprom Neft and Schlumberger sign an agreement on technology partnership.

June

The Omsk Refinery becomes Russia’s first refining facility to process its billionth ton of petroleum.

Gazprom Neft and GEPetrol sign a cooperation agreement for a project in Equatorial Guinea.

The Company confirms capability for year-round exports of crude oil by sea from the Novoportovskoe field.

NIS begins operations at fields in Hungary.

Gazprom Neft selects a contractor to drill pilot wells at the Badra field in Iraq.

Gazprom Neft-Lubricants sets up a representative office in Central Asia.

Gazprom Neft Marine Bunker starts business at two more ports: Nizhny Novgorod and Samara.

The Gazprom Neft website is ranked first among Russian corporate websites.

Annual General Meeting of Shareholders is held.

July

Gazprom Neft-Aero enters the Balkans market.

Gazprom Neft begins production of Class-5 gasoline at the Omsk Refinery.

August

Gazprom Neft-Aero is official aircraft refueler at the MAKS 2011 Air Show.

Gazprom Neft closes a deal to participate in a project in Cuba’s exclusive economic zone in the Gulf of Mexico.

Gazprom Neft Marine Bunker starts bunker supplies on Sakhalin Island.

Gazprom Neft-Aero and Air Total International sign an agreement on integrated supply of aircraft fuel.

Gazprom Neft Marine Bunker purchases a new vessel for operations in the port of Novorossiysk.

The Company successfully completes a secondary placement of the 04 Series ruble bonds.

September

Gazprom Neft acquires Tsarichanskoye deposit in Orenburg Region.

The Company signs a partnership agreement with the Government of Orenburg Region.

Gazprom Neft expands its filling station operation through acquisition in Russia’s Southern Federal District.

Gazprom Neft-Aero begins refueling operations at Manas International Airport (Bishkek, Kyrgyzstan), under a long-term fuel supply contract with the US-based Manas Transit Center.

October

Gazprom Neft starts full-scale marketing of its G-Drive motor fuels at Company filling stations.

The Company acquires a controlling stake in Gazprom Neft Orenburg.

Gazprom Neft significantly increases its reserves in Eastern Siberia.

November

The Company purchases a lubricant production plant in the Moscow Region.

Gazprom Neft and RUSAL sign a long-term contract for supply of coke.

The Company begins drilling operations in Iraq.

Gazprom Neft begins drilling operations in the eastern section of the Orenburg field.

Gazprom Neft Marine Bunker acquires a new vessel for operations in the Main Port of St. Petersburg.

December

Gazprom Neft-Aero begins operations in Ulyanovsk.

The Company’s Board of Directors extends with Alexander Dyukov for five years.

NIS and RAG sign an agreement on joint oil and gas exploration in southern Hungary.

The Company’s Board of Directors approves Gazprom Neft’s 2012 Investment Program.

2012 Events following the reporting date

January

A deparaffinization unit is fitted to the diesel hydrotreatment facility at the Omsk Refinery.

NIS opens its first filling station under the NIS Petrol brand.

Gazprom Neft and Khanty-Mansiysk Autonomous District sign an agreement on social and economic cooperation in 2012.

February

Gazprom Neft opens the United Research & Development Center for Innovative Technologies.

NIS and RAG begin exploration drilling in Hungary.

Gazprom Neft acquires a chain of filling stations in Chelyabinsk Region.

Gazprom Neft selects a contractor to build crude oil gathering and treatment facilities at the Badra field in Iraq.

Gazprom Neft opens an alternative fuel supply complex at Sheremetyevo Airport in Moscow.

The Company completes placement of the 11 Series bonds valued at RUB 10 bn.

March

The Company acquires 25 filling stations in Nizhny Novgorod Region.

Gazprom Neft starts work on third well at the Badra field in Iraq.

Gazprom Neft-Lubricants signs agreement with Chevron for marine oil production.