Gazprom Neft Joins OTCQX

The leading Russian Oil & Gas Producer Joins the U.S. OTC Market's Highest Tier

NEW YORK, Aug. 3 /PRNewswire/ -- Pink OTC Markets Inc., the leading electronic inter-dealer quotation system, trading technology and financial information provider for over-the-counter (OTC) securities, today announced that Gazprom Neft (RTS: SIBN, OTCQX: GZPFY), one of the world's top twenty largest oil companies, has chosen to list its American Depositary Receipts (ADRs) on OTCQX. Gazprom Neft's ADRs began trading today on the OTC market's highest tier, OTCQX International Premier. Investors can find current financial disclosure and real-time Level 2 quotes for the company on www.otcqx.com and www.pinksheets.com.

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"We are pleased to welcome Gazprom Neft as our first Russian company trading on OTCQX," said R. Cromwell Coulson, Chairman and CEO of Pink OTC Markets. "OTCQX is the natural choice for this leading Russian oil and gas producer to take advantage of the opportunity to expand its investor base and to increase international liquidity by obtaining greater access to the U.S. capital markets."

The Bank of New York Mellon, which acts as Depositary for Gazprom Neft's ADR program, will serve as Gazprom Neft's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on listing requirements.

Gazprom's ADRs will trade in the United States on OTCQX under the ticker "GZPFY" where each ADR will represent 5 ordinary shares. Gazprom Neft's shares are also listed on the Russian Trading System Stock Exchange under the symbol SIBN. The company's headquarters are in Moscow, Russia.

About Gazprom Neft

(RTS: SIBN, OTCQX: GZPFY) Gazprom Neft is a vertically integrated Russian oil company. Its principal activities concern oil and gas exploration, production, refining and marketing. The proven reserves of the company exceed 6.9 billion barrels, which ranks the company amongst the world's twenty largest oil companies.

Gazprom Neft carries out its activities primarily in Russia's largest oil and gas-bearing regions such as Khanty-Mansiysk Autonomous District, Yamalo-Nenets Autonomous District, Tomsk and Omsk Regions, and Chukotka Autonomous District. The Company's major oil refineries are located in the Omsk, Moscow and Yaroslavl Regions. Gazprom Neft sells petroleum products in Russia and abroad mostly through its subsidiaries and associates. Export trading is conducted through a wholly-owned subsidiary, Gazprom Neft Trading GmbH, acting as an export trader for the Company.

After acquisition of Serbian oil and gas company NIS in February 2009, Gazprom Neft entered the European oil and gas market. Naftna Industrija Srbije (NIS) is one of the largest vertically integrated oil companies in Central Europe, engaged in hydrocarbon production in Serbia and Angola, and petroleum product refining and distribution. Gazprom Neft finished 2008 in fifth place among Russian vertically integrated oil companies in oil production and exports and fourth in refining.

About OTCQX

OTCQX provides a gateway to U.S. securities markets for international companies that are listed on a qualified non-U.S. exchange and provide ongoing disclosure in English to U.S. investors. More importantly, OTCQX distinguishes the reputable international issuers from the other 9,000 over-the-counter (OTC) securities traded in the U.S. Only leading companies that have substantial operating businesses and provide credible disclosure to the public are eligible for inclusion on the premium-tier OTCQX, which commenced trading on March 5, 2007. For more about OTCQX, visit www.otcqx.com.

About Pink OTC Markets Inc.

Pink OTC Markets Inc. provides the leading inter-dealer electronic quotation and trading system in the over-the-counter (OTC) securities market. We create innovative technology and data solutions to efficiently connect market participants, improve price discovery, increase issuer disclosure, and better inform investors. Pink OTC Markets operates the third largest U.S. equity trading venue which includes both the elite OTCQX market tiers for strong OTC-traded companies that can satisfy financial and disclosure listing standards and Pink Sheets for all other OTC quoted securities.

Pink OTC Markets is headquartered in New York City.

To learn more about how Pink OTC Markets' products and services make OTC markets more transparent, informed, and efficient, please visit our websites at www.pinkotc.com, www.pinksheets.com and www.otcqx.com or contact us at info@pinkotc.com.

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SOURCE Pink OTC Markets Inc.