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Financials / Supplementary Information on Oil and Gas Activities (Unaudited) / Auditor's Report on 2012 Accounting Statements

Auditor’s Report

To the Shareholders of Open Joint Stock Company “Gazprom neft”

We have audited the attached financial statements of Open Joint Stock Company “Gazprom neft” (hereinafter — Company) which comprise the balance sheet as of 31 December 2012, and statement of financial result, statement of changes in equity and statement of cash flows for the year ended 31 December 2012 and notes to the balance sheet and statement of financial results (hereinafter all the reports together are referred to as the “financial statements”).

Company’s Responsibility for the financial Statements

Company’s management is responsible for the presentation and authenticity fair presentation of these financial statements in accordance with the reporting rules established in the Russian Federation and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

The Auditor’s Responsibility

Our responsibility is to express an opinion as to whether the financial statements are fairly presented based on our audit. We conducted the audit in accordance with Russian Federal Auditing Standards and International Standards on Auditing. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depended on the auditor’s judgment including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management of Company, as well as evaluating the presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient to provide a basis for our audit opinion on the financial statements.

Opinion

In our opinion, the financial statements present fairly, in all material respects, the financial position of Company as of 31 December 2012 and the result of its operations and its cash flows for the year then ended in accordance with the reporting rules established in the Russian Federation.

T.S. Medvedeva

Director of
ZAO PricewaterhouseCoopers Audit

11 March 2013

ZAO PricewaterhouseCoopers Audit
10 Butyrsky Val, Moscow, Russian Federation, 125047
T: +7 495 967 6000, F: +7 495 967 6001, www.pwc.com

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