Board of directors

The TNK-BP Board of Directors consists of four representatives from each of the two shareholder groups and three independent directors. On behalf of the shareholders, the Board performs the following key functions:

• Provision of strategic direction to TNK-BP management
• Review of strategy implementation and company performance
• Appointment and evaluation of performance of the CEO and other key executives
• Ensuring corporate compliance to the highest ethical business standards
• Exercise of financial controls
• Advice on major acquisitions, divestitures and capital expenditure programs

The Board has established three committees, the Audit Committee, the Compensation Committee and the Health, Safety and Environment (HSE) Committee .

Members of the Board of Directors are:

AAR

• Mikhail M. Fridman
• Viktor F. Vekselberg
• Len Blavatnik
• Alex Knaster

BP

• Andrew Inglis
• David Peattie
• Iain Macdonald
• Lord Robertson of Port Ellen

Independent directors

• Gerhard Schroeder
• Alexander Shokhin
• James Leng

Inna Karaduman, Executive Secretary of the Board of Directors.