Auditor’s Report on 2013 Accounting Statements

Auditor’s Report

АTo the Shareholders of Open Joint Stock Company “Gazprom neft”:

Auditee

Gazprom Neft Joint-Stock Company

Certificate of State Registration of a Joint-Stock Company No. 1025501701686, issued on December 11, 2007 by the Interdistrict Inspectorate of the Federal Tax Service No. 15 for St. Petersburg. lit. A, 5 ul. Galernaya Street, St. Petersburg, 190000, Russia.

Auditory

PriceWaterhouseCoopers Audit Closed Joint-Stock Company (ZAO PwC Audit) located at: 10 ul. Butyrsky Val, Moscow, 125047, Russia.

Certificate of State Registration of a Joint-Stock Company No. 008.890 issued by the Moscow Chamber of Registration on February 28, 1992.

Certificate of Entry in the Uniform State Register of Legal Entities regarding legal entity registered before July 1, 2002, registration No. 1027700148431 dated August 22, 2002, issued by Interdistrict Inspectorate of the Ministry of Taxation No. 39 for Moscow.

Member of Audit Chamber of Russia Nonprofit Partnership (NP ACR), a self-regulating auditing organisation, registration No. 870 with the Member Register of NP ACR.

Main Registration Record Number (ORNZ) with the Register of Auditors and Audit Organisations: 10201003683.

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 2013, and statement of financial result, statement of changes in equity and statement of cash flows for the year ended 31 December 2013 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 2013 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.

Director of ZAO PricewaterhouseCoopers Audit
06 March 2014

T.S. Medvedeva