Participation in depository receipts programme

American and Global Depository Receipt programmes continued throughout 2014 for the Company’s shares trading on the OTC market of the US, UK, Germany and other countries. One ADR is equal to 5 common shares of OJSC Gazprom Neft. The depository bank for the depository receipt programme of OJSC Gazprom Neft is The Bank of New York Mellon.

As of the end of 2014, the total number of ADR issued for common shares was equal to 133 mn shares or 2.8% of the Company’s charter capital.

Gazprom Neft ADR trading volume totalled 446 mn USD in 2014, including 407 mn USD on the IOB London Stock Exchange, 3 mn USD on the OTCQx and 4 mn USD on other platforms in Europe, primarily in Germany.

Dynamics of Gazprom Neft ADR trading, Russia FTSE IOB index and Urals oil prices in 2014, %