Gazprom Neft signs 5-year Pre-Export Finance Facility for up to US$ 1.5 Billion

Press-release

3 August 2010 – We are pleased to advise you that the 5-year Pre-Export Finance Facility for the amount of up to US$ 1.5 billion (the ’Facility’) in favour of Joint Stock Company Gazprom Neft (‘Gazprom Neft’ or the ‘Company’) was signed on Friday 30 July 2010 and the Senior Syndication under the Facility was successfully completed.

The Bank of Tokyo-Mitsubishi UFJ, Natixis SA and Société Générale were appointed as Initial Mandated Lead Arrangers and Bookrunners (“IMLAs”). The Initial Mandated Lead Arrangers underwrote US$ 1 billion of the Facility.

The Facility was initially launched at US$1bln and was well received in the market resulting in a raise to a total of US$ 1.35 billion at close of the Senior phase. The following banks supported the deal as Mandated Lead Arrangers and/or Original Lenders during the Senior Syndication stage: Bayerische Landesbank; Crédit Agricole Corporate and Investment Bank; HSBC Bank PLC; ING Bank N.V.; OJSC "Nordea Bank"; SMBC; Unicredit and WestLB AG.

General Syndication will be launched imminently.

The proceeds of the Facility will be used for general corporate purposes and refinancing of existing indebtedness of the Company.

The Facility will pay a margin of Libor +2.1%