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Rosneft Statement About the Use of Bond Issues
26 January 2015On January, 26 Rosneft announced the placement of ruble bond issues in amount of 400 billion rubles as part of the 800 billion rubles program approved in December 2014.
Bond placement is being done for the purpose of financing the company’s projects and production plan. It does not envisage purchase of foreign currencies.
Until the implementation of payments to suppliers, contractors and creditors the Company will hold all the ruble funds on ruble accounts and deposits of authorized banks.
Rosneft Information Division
Tel.: + 7 (499) 517-88-97
January 26, 2015
These materials contain statements about future events and expectations that are forward-looking in nature. Any statement 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 actual results, performance or achievements expressed or implied by such forward-looking statements to differ. We assume no obligation to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.