Press releases in 2010

TNK-BP today released the results of the independent audit of its reserves as at the end of 2009. This represents the seventh annual external audit of the company’s reserves since its creation in August 2003.

TNK-BP today announced the results of a meeting of the Board of Directors of TNK-BP Limited, the ultimate holding company of the TNK-BP group of companies which took place February 12th. The meeting was chaired by Mikhail Fridman, Executive Chairman of the Board of Directors of TNK-BP.  

TNK-BP today announced that Stan Miroshnik has been appointed Executive Vice President Strategy and Business Development of the TNK-BP group of companies. 

Not for release, publication or distribution in Australia, Canada, France, the Hong Kong Special Administrative Region of the People’s Republic of China, Japan, South Africa, Spain or the United States of America.

On 2 February 2010, TNK-BP completed an issuance of Eurobonds in the aggregate amount of U.S.$1 billion. The 5-year U.S.$500 million tranche was priced with a coupon of 6.250% and the 10-year U.S.$500 million tranche was priced with a coupon of 7.250%.

TNK-BP expects to report its annual US GAAP audited financial statements for 2009 on 1 March 2010.

Any data reported meantime by BP in its published financial results is reflective of BP estimates, and is accounted for under IFRS rather than US GAAP accounting standards. As such TNK-BP data reported by BP does not represent a simple 50% of TNK-BP’s expected results.