Rosneft Oil : 2021 First quarter IFRS (Presentations)

IFRS RESULTS

Q1 2021

May 14, 2021

IMPORTANT NOTICE

Information herein has been prepared by the Company. The presented conclusions are based on the general information collected as of the date hereof and can be amended without any additional notice. The Company relies on the information obtained from the sources which it deems credible; however, it does not guarantee its accuracy or completeness.

These materials contain statements about future events and explanations representing a forecast of such events. Any assertion in these materials that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors, which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. We assume no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting such statements.

This presentation does not constitute an offer to sell, or any solicitation of any offer to subscribe for or purchase any securities. It is understood that nothing in this report / presentation provides grounds for any contract or commitment whatsoever. The information herein should not for any purpose be deemed complete, accurate or impartial. The information herein in subject to verification, final formatting and modification. The contents hereof has not been verified by the Company. Accordingly, we did not and do not give on behalf of the Company, its shareholders, directors, officers or employees or any other person, any representations or warranties, either explicitly expressed or implied, as to the accuracy, completeness or objectivity of information or opinions contained in it. None of the directors of the Company, its shareholders, officers or employees or any other persons accepts any liability for any loss of any kind that may arise from any use of this presentation or its contents or otherwise arising in connection therewith.

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KEY

FINANCIAL

INDICATORS

149Rub bn	Q1 2021 Net Income

190Rub bn	Q1 2021 Free Cash Flow

-4.6		Reduction of financial debt and
$ bn	trading liabilities YTD

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KEY EVENTS

• An investment agreement to incentivize production at the Priobskoye field was signed
• Active development of the Vostok Oil project started
• Agreements signed with the Ministry of Energy incentivizing construction of new deep conversion facilities at 4 Company refineries
• On April 22, 2021 Rosneft Board of Directors recommended to pay final dividends for 2020 in the amount of
  Rub 6.94 per share

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ESG EVENTS

 The mass vaccination of employees against COVID-19 was conducted providing the reach of herd immunity

 Rosneft and bp signed a Strategic Collaboration Agreement focused on supporting carbon management and sustainability

 The Carbon Management Subcommittee was reorganized into the Carbon Management Committee in order to improve the efficiency of monitoring and coordinating the programs aimed at reducing greenhouse gas emissions

 Rosneft released a Statement of Commitment to Achieve Zero Fatal Injuries

 The number of accidents related to the safety of technological processes decreased at the Company's subsidiaries - a decrease in the number of technological safety events PSE-11 by 18% and PSE-21 by 23% YoY

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Note: (1) PSE - Process safety events (tier1, tier 2)