TNK-BP names Boris Zilbermints as Senior Vice President, International Projects

Moscow, March 20, 2012 – TNK-BP announces that Boris Zilbermints has been appointed Senior Vice President, International Projects.

Mr. Zilbermints has over 19 years of experience in the oil industry both in Russia and abroad, having worked for AmocoEurasia, Gaffney, Cline & Associates, LUKOIL Overseas and Gazpromneft. At Gazpromneft he held the position of Deputy General Director, Upstream, with responsibility, amongst other things, for developing the company’s international upstream business.

Mr.Zilbermints graduated with distinction from the I.M.Gubkin State Oil and Gas University as a specialist in Oil and Gas Production Geology, gained an MA in Economics from the Southern Methodist University in Dallas, and successfully completed a CEO training programme in Harvard University’s Business School.

“We welcome Boris to the TNK-BP management team. I’m confident that his unique experience, professionalism and profound knowledge of the oil and gas industry will help the Company to successfully address the tasks of effectively developing beyond its traditional markets”, said TNK-BP Executive Vice president Upstream Alexander Dodds.

Information for editors:

TNK-BP is Russia’s third largest oil company and is owned by BP and the AAR consortium (Alfa Group/Access Industries/Renova) on a parity basis. Additionally, TNK-BP owns approximately 50% of the Russian oil and gas company Slavneft. TNK-BP’s share in Russia’s oil production (including its share in Slavneft) is about 16%. The Company’s total proved SEC LOF reserves are 9.115 billion BOE as of December 31, 2011.

References to “TNK-BP” or “the Group” mean “TNK International and the Company’s consolidated subsidiaries” unless the context requires a different reading.

For further information please contact:

Public Affairs Division: Tel. (495) 363-27-57

media@tnk-bp.com

www.tnk-bp.ru