Rosneft is Extending Cooperation with Pirelli & C. S.p.A.

Rosneft has reached an agreement with international consortium composed of Unicredit Bank, Intesa Banking Group, and Clessidra Fund for purchase of 50% share of the company holding 26.19% of Pirelli & C. S.p.A. stake.

The transaction will be carried out at a value of 12 euro per share subject to mechanisms for corporate cooperation with possible creation of a separate legal entity. The parties will sign final agreements subject to Italian, European, and Russian Law.

Implementation of this agreement will tighten business relationships between Rosneft and Pirelli & C. S.p.A. under terms of agreements previously reached and implementation of plans of the companies for extension of joint international projects.

Rosneft Information Division
Tel: +7 (499) 517 88 97
Fax: +7 (495) 411 54 21
March 17, 2014

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