Company Presentation

October 2013 0.128.128

153.204.0 DISCLAIMER

128.128.128

208. 208.208 The information contained herein pertaining to SIBUR (the "Company") has been provided by the Company solely for use at this presentation. By attending this presentation, or by reading these presentation slides, you agree to be bound by the limitations set out below. This presentation does not constitute or form part of, 245.138.31 and should not be construed as, an offer, solicitation or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of the Company, nor shall any part of it nor the fact of its distribution form part of, or be relied on in connection with, any contract or investment decision relating thereto. 255.192.0 No representation or warranty, either express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness, correctness or 192.0.0 reliability of the information contained herein. It should not be regarded by recipients as a substitute for the exercise of their own judgment. The Company accepts no responsibility for any losses howsoever arising, directly or indirectly, from this presentation or its contents. The material contained in this presentation is presented solely for information purposes and is not to be construed as providing investment advice. As such, it has no regard to the specific investment objectives, 178.210.216 financial situation or particular needs of any recipient. There may be material variances between estimated data set forth in this presentation and actual results, and between the data set forth in this presentation and corresponding data previously published by or on behalf of the Company. 242. 242. 242 This presentation contains forward-looking statements, including (without limitation) statements containing the words "anticipates," "expects," "intends," "may," 229.242.242 "plans," “forecasts,” "projects," "will," "would", "targets,“ “believes” and similar words. These statements are based on the current expectations and projections of the Company about future events and are subject to change without notice. All statements, other than statements of historical fact, contained herein are forward-looking statements. Forward-looking statements are subject to inherent risks and uncertainties, such that future events and actual results may differ materially from those set forth in, contemplated by or underlying such forward-looking statements. The Company may not actually achieve or realize its plans, intentions or expectations. There can be no assurance that the Company's actual results will not differ materially from the expectations set forth in such forward-looking statements. Factors that could cause actual results to differ from such expectations include, but are not limited to, the state of the global economy, the ability of the petrochemical sector to maintain levels of growth and development, risks related to petrochemical prices and regional political and security concerns. The above is not an exhaustive list of the factors that could cause actual results to differ materially from the expectations set forth in such forward-looking statements. The Company and its Affiliates are under no obligation to update the information, opinions or forward-looking statements in this presentation.

2 0.128.128

153.204.0 AGENDA

128.128.128

208. 208.208

245.138.31 1. Business Overview

255.192.0 2. Investment Highlights 192.0.0

178.210.216 3. Strategy

242. 242. 242 4. Q2&H1 2013 Operational and Financial Results 229.242.242 5. Appendices

3 0.128.128

153.204.0 SIBUR AT A GLANCE

128.128.128 Financial Performance(1) Unique integrated gas Key Facts 208. 208.208 processing & petrochemicals Revenue,(2) 27(3) production sites in Russia company . 245.138.31 USD bln (2) 8.7 EBITDA, 8.5 . Over 28,000 employees 255.192.0 USD bln Leader in both gas processing 6.2 and petrochemicals industries in 192.0.0 . Russia‟s largest APG processor with a 4.0 Russia 56%(4) share of total processed volumes 178.210.216 2.9 2.6 1.9 0.8 . Russia‟s largest LPG producer with a 242. 242. 242 Diverse range of products 2009 2010 2011 2012 32%(5) share of total country‟s production (2) sold to multiple geographies EBITDA 229.242.242 20% 31% 35% 30% and customers margin, % . Russia‟s largest MTBE producer with a Net debt/ 1.6x 0.7x 0.8x 1.0x (5) EBITDA 36% share of total country‟s production Prudent and disciplined SIBUR Revenue Breakdown (2012) financial policy, sustained in the . Share of Russia‟s synthetic rubbers market downturn By Product By Region production: BR – 33%, SBR – 61%, SBS – 100%(5) Energy Other Other CIS products One of the highest rated private 6 Asia 6 1 Russia companies in the region . 37%(5),(6) of polypropylene and 41%(5) of 9 Russia‟s total LDPE production

47 % 48 % 55 29 Shareholders with established . Currently rated Ba1 (Moody‟s) / BB+ (Fitch) track record in international Petchem with no history of downgrades throughout Europe capital markets 2008/09 crisis Notes: (1) All financial figures for SIBUR in this presentation for the years of 2009-2012 are based on combined financial information, which excludes the results of the mineral fertilisers and tyres businesses, which were divested by SIBUR in December 2011, for all reporting periods. (2) SIBUR’s reporting currency is Russian rouble. Figures have been translated from RR to USD at average FX rates for the respective periods. (3) Including three gas processing plants (GPPs) operated by OOO Yugragazpererabotka, our JV with RN Holding (formerly TNK-BP Holding), which we do not consolidate from the second quarter of 2013. (4) Central Dispatch Department of the Fuel & Energy Complex, for FY 2012. (5) Petromarket, Kortes, Market Report, Alliance Analytics, Russian Association of Synthetic Rubbers Producers, company data, for FY 2012. 4 (6) Including 100% of NPP Neftekhimia production. 0.128.128

153.204.0 SIBUR OPERATES A UNIQUE VALUE CHAIN

128.128.128 Integrated Value Chain from Feedstock Sourcing to the Production of Petrochemicals 208. 208.208 FEEDSTOCK AND ENERGY PETROCHEMICALS 245.138.31 Basic 255.192.0 Oil-based polymers feedstock 192.0.0 (APG) Gas processing / Synthetic 178.210.216 Intermediates Fractionation rubbers

242. 242. 242 Gas-based feedstock Plastics & organic 229.242.242 (NGLs) synthesis products

. Oil-based feedstock (APG) . Processing of APG into . Production and sale of four . By-product of oil production natural gas and NGLs categories of petrochemical . Sourced from oil companies . Transportation of NGLs products . Intermediates . Transported via pipelines . Fractionation of NGLs into . Basic polymers . Gas-based feedstock (NGLs) marketable energy products . Synthetic rubbers . Sourced from gas and oil . Sale of energy products to companies external customers and . Plastics and organic synthesis products . Transported via pipelines SIBUR‟s petrochemicals and rail segment

5 0.128.128

153.204.0 EXTENSIVE ASSET BASE THROUGHOUT RUSSIA

128.128.128

208. 208.208

245.138.31 Ust-Luga Transshipment Facility(1) NPP Neftekhimia Yuzhno-Priobskiy GPP(2) SIBUR-Geosint BIAXPLEN 255.192.0 (Nizhniy Novgorod region) Nyagan GPP(4) Western Siberia 192.0.0 SIBUR-Khimprom 48 Uralorgsintez Gubkinskiy GPP 22 bln bbl tcm 178.210.216 SIBUR-PETF Vyngapurovskiy GPP BIAXPLEN 242. 242. 242 (Moscow region) SIBUR- Headquarters Kstovo (Moscow) 229.242.242 Muravlenkovskiy GPP Plastic-Geosintetika Plastic Belozerniy GPP(4) Proven oil Proven BIAXPLEN Nizhnevartovskiy GPP(4) reserves gas (Kursk) Yuzhno-Balykskiy GPP reserves

Voronezhsintezkauchuk Largest oil & gas Tobolsk Polymer Plant(1) reserves region RusVinyl(3) Polief in Russia Tobolsk-Neftekhim Source: IEA Togliattikauchuk SIBUR-Neftekhim(5) BIAXPLEN (Tomsk) BIAXPLEN Tomskneftekhim Orton Krasnoyarskiy ZSK (Samara region)

Production sites with joint operations of Feedstock Feedstock & Energy segment & Energy and Petrochemicals segments Petrochemicals segment SIBUR‟s JVs

Notes: (1) Investment project. (2) Investment project, JV with Gazprom Neft Group. (3) Investment project, JV with SolVin Holding Nederland B.V. (4) Part of OOO Yugragazpererabotka, JV with TNK-BP. On 30 July 2013, TNK- BP was renamed to RN Holding following the acquisition by Rosneft. (5) Including three production sites. 6 0.128.128

153.204.0 AGENDA

128.128.128

208. 208.208

245.138.31 1. Business Overview

255.192.0 2. Investment Highlights 192.0.0

178.210.216 3. Strategy

242. 242. 242 4. Q2&H1 2013 Operational and Financial Results 229.242.242 5. Appendices

7 0.128.128

153.204.0 INVESTMENT HIGHLIGHTS

128.128.128

208. 208.208

245.138.31  Advantageous access to feedstock and high barriers to entry 255.192.0

192.0.0 Vertically integrated business model supporting earnings sustainability 178.210.216 

242. 242. 242 229.242.242  Leading market position in the attractive Russian petrochemicals market

 Highly diversified product portfolio

 Unique growth opportunities

 Strong management team and supportive shareholders

8 Advantageous access to feedstock and high barriers to entry 0.128.128

153.204.0 UNIQUE LARGE-SCALE GAS PROCESSING INFRASTRUCTURE

128.128.128 IN WESTERN SIBERIA

Gas condensate pipeline 208. 208.208 Urengoy - Surgut (Gazprom) Purovskiy SIBUR owns and operates the largest and most 245.138.31 GCP extensive infrastructure for processing and Gubkinskiy PUROVSK transportation of feedstock in Western Siberia: GPP 255.192.0 Vyngayakhinskaya Muravlenkovskiy CS (1) 192.0.0 GPP . 7 out of 9 gas processing plants (GPP) Urengoy – Center I, II gas pipeline (Gazprom) . APG processing capacity of 23 bln cubic 178.210.216 (2) Kholmogorskaya metres p.a. Nyagan CS 242. 242. 242 GPP NOYABRSK Vyngapurovskiy . Raw NGL processing capacity of CGTU GPP Bakhilovskaya Tyumen 3.8 mln tonnes p.a. at flagship gas CS-3 CS Transportation infrastructure Gas condensate Yuzhny CTF pipeline Urengoi - 229.242.242 CS fractionation unit (GFU) in Tobolsk (out of 5.2 Definitions Surgut (Gazprom) Purovskiy GCP Surgutskiy GPP mln tonnes p.a. of the Company’s total SIBUR NGL pipelines Gubkinskiy GPP Zapadno-Lovinskaya Surgutskiy ZSK Belozerniy GPP Gazprom condensate pipeline

Muravlenkovskiy Vyngayakhinskaya CS Surgutskaya Power capacity) Gazprom UGSS GPP CS MEGION Nizhnevartovskaya SIBUR NGL pipelines under CS-3 Station Urengoi – Center I, II Severo-Danilovskaya Lokosovskiy Power Station gas pipeline (Gazpconstructionrom) Bakhilovskaya CS NEFTEYUGANSK (3) Kholmogorskaya CS . Pipeline network of 2,433 km Vyngapurovskiy CS SIBUR APG pipelinesNoya brsk GPP GPP Nyagan GPP PYT-YAKH CGTU Pravdinskaya CTF Nizhnevartovskiy Nizhnevartovsk – Parabel SIBUR natural gas pipelines Tyumen CS Yuzhnui CPS . 4 railway loading racks (out of 6 operated by Third-party APG pipelines GPP – Kuzbass gas pipeline Zapadno- Surgut ZSK Yuzhno-Balykskiy GPP Belozerniy Lovinskaya CS SIBUR compressorSurgut stations Megion GPP Power Station Nizhnevartovsk (Gazprom) Feedstock & Energy segment) SeverThirdo- -partyNefte ycompressorugansk stations Power Station Danilovskaya CS Nizhnevartovskiy Urengoy - Chelyabinsk Pravdinskaya Nizhnevartovsk – Parabel – GPP CPS Yuzhno-Balykskiy Kuzbass gas pipeline SIBUR‟s GPPsGPP (Gazprom) Definitions gas pipeline (Gazprom) Urengoi - Chelyabinsk gas SIBUR NGL pipelines pipeline (Gazprom) Third-party GPPs Gazprom condensate pipeline Gazprom UGSS SIBUR NGL pipelines under Railway loading racks construction SIBUR APG pipelines SIBUR natural gas pipelines SIBUR NGL pipelines Flat railcars and tankers loadings Third-party APG pipelines SIBUR GPPs SIBUR compressor stations Tank truck loadings Third-party compressor stations Gazprom condensate pipeline SIBUR’s GPPs TOBOLSK Tobolsk production site Third-party GPPs Third-party processing facilities Tobolsk production site Railway loading racks Gazprom UGSS (SIB(SIBURUR Flagship GFU) Flagship GFU) SIBUR NGL pipelines under Flat railcars and tankers loadings SIBUR railway loading racks Tank truck loadings Tobolsk production site Tobolsk production site construction (SIBUR Flagship GFU) (SIBUR flagship GFU) SIBUR APG pipelines Truck transportation SIBUR natural gas pipelines Economies of scale Third-party APG pipelines Tobolsk production site (SIBUR flagship GFU) SIBUR compressor stations High barriers to entry Third-party compressor stations Third-party power stations

Notes: (1) Nyagan GPP, Belozerniy GPP and Nizhnevartovskiy GPP are part of OOO Yugragazpererabotka, JV with RN Holding (formerly TNK-BP Holding). (2) As of 31 December 2012. Including 100% of processing capacity of GPPs, which are controlled by OOO Yugragazpererabotka,the Group's joint venture with TNK-BP. On 30 July 2013, TNK- BP was renamed to RN Holding following the acquisition by Rosneft. (3) Including APG, raw NGL and natural gas pipelines. 9 Advantageous access to feedstock and high barriers to entry 0.128.128

153.204.0 FEEDSTOCK TRENDS

128.128.128 SIBUR’s Contract / Spot Outlook for Feedstock- 208. 208.208 Sourced Volumes Split as of 30 June 2013 Rich Gas Production in Russia(2) 245.138.31 bcm(1) Associated Petroleum Gas 255.192.0 13.0 12.7 13.0 12.4 100 bcm(1) 2012 APG flaring – c.24%(4) of 192.0.0 . c.74% of APG supplies for 80 produced volumes 2013 guaranteed under multi- 178.210.216 60 APG year contracts 40 242. 242. 242 . WA maturity of supply contracts - 12.4 years(3) 20 229.242.242 0 2009 2010 2011 2012 2005 2010 2015 2020 2025 2030

Unstable Gas Condensate

mln tonnes 60 mln tonnes 3.3 3.4 c.79% of NGLs supplies for 50 2.8 . 2.4 2013 guaranteed under multi- 40 NGLs year contracts 30 20 . WA maturity of supply contracts - 12.1 years(3) 10 0 2009 2010 2011 2012 2005 2010 2015 2020 2025 2030

Notes: (1) Billion cubic metres. (2) IHS CERA. (3) Including all APG and NGL supplies from RN Holding (formerly TNK-BP Holding) under JV arrangements (OOO Yugragazpererabotka). (4) RUPEC. 10 Vertically integrated business model supporting earnings sustainability 0.128.128

153.204.0 VERTICALLY INTEGRATED MODEL WITH MULTIPLE (1) 128.128.128 EMBEDDED EARNINGS SUSTAINABILITY DRIVERS

208. 208.208  External sales represent Natural gas c. 80% of Feedstock & 100% 245.138.31 Energy segment gross NGLs Earnings Sustainability Drivers revenue 67% 255.192.0 MTBE 100%  Deep discount between 192.0.0 natural gas selling price and Oil producers APG purchasing price hedges 178.210.216 Oil-based economics of APG processing feedstock Basic polymers 242. 242. 242 (APG) Feedstock & Petrochemicals (PP, PE) Energy segment  Economics of NGL 229.242.242 fractionation limits exposure to segment NGLs Synthetic rubbers oil & oil derivative price volatility 9(2) production sites 33% 18 production sites Gas-based Plastics and feedstock Gross sales: Gross sales:  Net seller position of energy (NGLs) RR 168.1 bln RR 135 .6 bln organic synthesis products hedges against increases in prices for EBITDA margin: EBITDA margin: Intermediates and petrochemical feedstock

44.5% 11.9% other chemicals

 Prices for petrochemical Oil & Gas Methanol Other third-party producers feedstock products are only partially  Dominant share of correlated with oil & oil feedstock for derivative prices petrochemicals segment X% - Share of available for sale volumes is sourced internally

Notes: (1) All figures based on FY 2012 financials. (2) Including three GPPs operated by OOO Yugragazpererabotka, JV with RN Holding (formerly TNK-BP Holding). 11 Leading position in the attractive Russian petrochemicals market 0.128.128

153.204.0 LEADING PLAYER IN THE HIGH-GROWTH DOMESTIC MARKET

128.128.128 SIBUR’s Share in Russia’s Production Capacity Growth Fundamentals 208. 208.208 LDPE Polypropylene 2012

Kg per Capita Consumption of Basic Polymers 245.138.31 Polypropylene Polyethylene (LDPE)

255.192.0 40 37 % % Western Europe 18Western Europe 9 60 63 192.0.0 Central Europe Eastern Europe 6

Basic polymers Basic 13 178.210.216 China 12 China 3 242. 242. 242 BR SBR SBS 2012 Russia 6 Russia 4 229.242.242 33 39 Russia Consumption Growth Outlook % % % % 67 61 CAGR, 2011-2020 100

SBS (TEP) 10.0% Synthetic rubbers Synthetic MEG 10.0% LLDPE 8.8%

Expandable MEG PET 2012 polystyrene PET 4.5% 13 EPS 4.4% 34 46 PP 4.2% % % 54 % 66 87 HDPE 3.0%

Plastics and and Plastics IIR 2.8% organic synthesis organic LDPE 2.5% SIBUR‟s share Others PVC 2.4%

Source: Petromarket, Kortes, Market Report, IHS Chemical, Nexant, Alliance Analytics, company data 12 Highly diversified product portfolio 0.128.128

153.204.0 MULTIPLE PRODUCTS, GEOGRAPHIES AND CUSTOMER GROUPS

128.128.128 Total Group Sales Breakdown 208. 208.208 By product By region 2012 245.138.31 Processing services Over 1,500 large Intermediates and other sales CIS Other and other customers… 255.192.0 LPG chemicals Asia 6 6 1 9 20 192.0.0 Basic 9 polymers 8 …from 60 countries 178.210.216 10 Naphtha Russia % % 55 Plastics and 15 Europe 29 242. 242. 242 organic 9 synthesis Natural gas …representing diverse products 15 7 229.242.242 1 range of end-customer MTBE and other fuels industries Synthetic rubbers Raw NGL Customer Concentration Contract / Spot Structure of Sales 2012 2012 …with low customer concentration 53% Energy products 9% 31% 40% 43% Synthetic rubbers 65% 59% 12% …and balanced contract / Intermediates and 38% spot sales structure other chemicals 11% 69% 60% Plastics and organic 30% 35% 41% synthesis products 5% 26% Basic polymers Energy Basic Synthetic Plastics and 4% polymers rubbers organic synthesis Top-10 Largest customer Spot Contract

13 Highly diversified product portfolio 0.128.128

153.204.0 DIVERSE DRIVERS AND END-MARKETS

128.128.128

208. 208.208 84 2012 41 40 25 20 22 23 245.138.31 revenue(1), RR bln 255.192.0 LPG, naphtha, Natural MTBE and other Basic Synthetic Plastics and Intermediates raw NGL gas fuel additives polymers rubbers OS products and other

192.0.0 Domestic 19% 21% 20% 2012 29% 25% Export 178.210.216 41% revenue 71% structure 100% 79% 75% 80% 242. 242. 242 81% 59%

229.242.242 . Commodity . Increase of . Domestic fuel . Import . Development . Demand/supply . Commodity cycle, global oil regulated gas additives market substitution of tyre & in multiple end- cycle, prices tariffs by (refineries vehicle customer demand/supply . Demand/supply Key drivers Russia‟s upgrade, manufacturing industries balance in . Transportation in multiple end- Federal Tariff introduction of respective costs and customer . Natural rubber Service Euro standards, petrochemical export duties industries prices car fleet) products

Correlation with oil  S      prices

. Petrochemicals . Power & Utilities . Gasoline . FMCG . Automotive . Chemicals . Chemicals production Key end- . Refining . Mineral fertilisers . Construction . Construction . FMCG markets . Power & . Chemicals . Construction Utilities

Notes: (1) External sales 14 Unique growth opportunities 0.128.128

153.204.0 EFFICIENT MONETISATION OF STRANDED FEEDSTOCK

128.128.128 Illustrative PP price build-up, as of September 2013 SignificantSignificant exportexport 1,622(1) (1) 208. 208.208 dutiesduties forfor naphthanaphtha andand Propane price LPGLPG inin RussiaRussia Ample feedstock Propane feedstock cost (2) 245.138.31 base PP production cost(3)

255.192.0 FEEDSTOCK Total cost

Western Europe Western for producers(3)

192.0.0 Propane price (1) 178.210.216 in Europe Transport & Western export duties(1) 242. 242. 242 Propane

Europe price (1) Propane Europe in price PPWestern 229.242.242 >4,000 km feedstock cost (2) Tobolsk PP production cost(3) Transportation to W.Europe(3) Total cost SIBUR’s FEEDSTOCK for producers(3) petrochemical hub PETROCHEMICALS in Tobolsk

>6,000 km

Long distances with infrastructural China and Northeast Asia SIBUR‟s production assets constraints PETROCHEMICALS Notes: AND END-PRODUCTS (1) USD per tonne. (2) USD per tonne of polypropylene, assuming LPG consumption ratio of 1.2x. (3) USD per tonne of polypropylene. 15 Unique growth opportunities 0.128.128

153.204.0 STRONG POSITION ON THE GLOBAL PE AND PP

128.128.128 COST CURVES Global Polyethylene Cost Curve Global Polypropylene Cost Curve 208. 208.208

LDPE Delivered to Western European Customers (2013) PP Delivered to Western European Customers (2013) 245.138.31 bcm ME – Middle East, NA – North America, ME – Middle East, NA – North America, (USD per tonne) (USD per tonne) NEA – Northeast Asia, WE – Western Europe NEA – Northeast Asia, WE – Western Europe 255.192.0 2100 2100 1850 1850 192.0.0 NEA avg. 1600 NEA avg. 1600 WE avg. NA avg. 178.210.216 1350 ME avg. 1350 WE avg. NA avg. 1100 1100 ME avg. SIBUR Russia avg. 242. 242. 242 850 850 SIBUR = 600 600 Russia avg. 229.242.242 350 350 100 100 0 5000 10000 15000 20000 25000 0 15000 30000 45000 60000 75000 Cumulative capacity („000 tonnes) Cumulative capacity („000 tonnes) LDPE Delivered to China Port (2013) PP Delivered to China Port (2013)

(USD per tonne) ME – Middle East, NA – North America, (USD per tonne) ME – Middle East, NA – North America, NEA – Northeast Asia, WE – Western Europe NEA – Northeast Asia, WE – Western Europe 1850 2100 1850 1600 WE avg. 1600 1350 WE avg. NEA avg. NA avg. 1350 ME avg. NA avg. 1100 Russia avg. NEA avg. 1100 SIBUR 850 SIBUR = ME avg. 850 Russia avg. 600 600 350 350 100 100 0 5000 10000 15000 20000 25000 0 15000 30000 45000 60000 75000 Cumulative capacity („000 tonnes) Cumulative capacity („000 tonnes)

Source: IHS Chemical 16 Unique growth opportunities 0.128.128

153.204.0 TOBOLSK-POLYMER: LARGE SCALE PP PRODUCTION CLOSE TO

128.128.128 FEEDSTOCK BASE Project Description 208. 208.208

245.138.31 . Design capacity: . Propane dehydrogenation: 510,000 tonnes p.a. of propylene 255.192.0 . Polypropylene production: 500,000 tonnes p.a. 192.0.0 . Leading global players involved: 178.210.216 . Licensors: UOP, INEOS 242. 242. 242 . EPC contactors: Tecnimont, LINDE

229.242.242

Production Scheme ‟000 tonnes p.a.

Propane Propylene Raw NGL Dehydro- PP-500 612 genation 510

TOBOLSK Gas Fractionation Unit TOBOLSK-POLYMER

17 Unique growth opportunities 0.128.128

153.204.0 PUROVSK – PYT-YAKH – TOBOLSK PIPELINE FOR

128.128.128 RAW NGL TRANSPORTATION Project Description 208. 208.208 . Construction of a new 1,100 km raw NGL pipeline between 245.138.31 Purovskiy gas condensate plant, Yuzhno-Balykskiy GPP (near Pyt-

255.192.0 Yakh) and Tobolsk GFU

192.0.0 . Estimated throughput capacity: . c.4 mtpa (Purovskiy GCP – Noyabrsk loading rack) 178.210.216 . c.5.5 mtpa (Noyabrsk loading rack – Yuzhno-Balykskiy GPP)

242. 242. 242 . c.8.0 mtpa (Yuzhno-Balykskiy GPP – Tobolsk GFU)

229.242.242 . Estimated launch: 2015 Gas condensate pipeline Urengoy - Surgut (Gazprom) Purovskiy GCP Gubkinskiy PUROVSK GPP

Vyngayakhinskaya Muravlenkovskiy CS Completion Stage GPP Urengoy – Center I, II gas pipeline (Gazprom) 1 September‟13 Overall status: 53% completed Kholmogorskaya Nyagan CS GPP NOYABRSK Vyngapurovskiy CGTU GPP Bakhilovskaya Tyumen CS-3 CS Yuzhny CTF CS Design 100% Surgutskiy GPP Zapadno-Lovinskaya Surgutskiy ZSK Belozerniy GPP Surgutskaya Power CS MEGION Nizhnevartovskaya Severo-Danilovskaya Station Lokosovskiy NEFTEYUGANSK Power Station Equipment & CS GPP 76% Pravdinskaya CTF PYT-YAKH Nizhnevartovskiy Nizhnevartovsk – Parabel Procurement Yuzhno-Balykskiy GPP GPP – Kuzbass gas pipeline (Gazprom) Urengoy - Chelyabinsk gas pipeline (Gazprom) Construction 47%

TOBOLSK

Tobolsk production site (SIBUR flagship GFU)

18 Strong management team and supportive shareholders 0.128.128

153.204.0 ESTABLISHED GOVERNANCE PRACTICES AND

128.128.128 BALANCED BOARD STRUCTURE Highest Corporate Governance Standards 208. 208.208 . SIBUR‟s Board of Directors includes high profile independent members 245.138.31 . Institutionalized board committees in alignment with global best practices 255.192.0 . Internal processes are largely governed by specific and formalized regulation 192.0.0 . IFRS financial reporting since 2003 178.210.216 Shareholder Structure(3) Board of Directors(4) Board Committees(4)

242. 242. 242 Leonid Mikhelson Dmitry Konov Seppo Remes(1)(2) Audit Current & former Member of the BOD, Chairman of the Oleg Golounin 229.242.242 Chairman of the Management Board, Committee senior SIBUR Management Board of OAO SIBUR Holding, Ilya Tafintsev managers OAO NOVATEK CEO of OOO SIBUR 17.5 Gennady Timchenko Ruben Vardanian(1) Human Ruben Vardanian(1)(2) Co-founder of Gunvor Managing Director Resources & Oleg Golounin % and Chairman of the Remuneration Alexander Dyukov Board of Directors of Seppo Remes(1) Committee CEO of ZAO Sberbank CIB 82.5 OAO Gazprom Neft Seppo Remes(1) Alexander Dyukov(2) Vladimir Razumov General Director of Strategy and Vladimir Razumov Leonid Mikhelson & Gennady Timchenko Member of the Management KIURU OOO Investments Board, Deputy Chairman of Ilya Tafintsev Committee the Management Board - Ilya Tafintsev Gennady Timchenko Executive Director of OOO Director, Strategic SIBUR Projects, OAO NOVATEK Oleg Golounin Managing Director of OOO LEVIT

Notes: (1) Independent Directors. (2) Chairmen of the Board Committees. (3) As of 5 July 2013. (4) As of 25 April 2013. 19 Strong management team and supportive shareholders 0.128.128

153.204.0 HIGHLY EXPERIENCED MANAGEMNT TEAM

128.128.128 WITH EXTENSIVE TRACK RECORD

208. 208.208

245.138.31

255.192.0

192.0.0

178.210.216 Dmitry Konov Pavel Malyi Vladimir Razumov Mikhail Karisalov Kirill Shamalov 242. 242. 242 CEO CFO Chairman of the Deputy Chairman of the Deputy Chairman of the Deputy Chairman of the Deputy Chairman of the 229.242.242 Management Board Management Board Management Board Management Board Management Board

EXPERIENCE HIGHLIGHTS

. IMD MBA degree . MS from Chicago . Over 40 years in . 9 years at SIBUR . 4 years at SIBUR Law School petrochemical . 9 years at SIBUR . Former Head of . Former advisor to the industry . 2 years at SIBUR Feedstock & Energy Russian Government . Former Managing . 11 years at SIBUR Division at SIBUR Director at AKB . Former Head of UBS . Former Chief Legal Trust and Investment Bank, . Former USSR counsel for Foreign Investment Bank Russia and CIS Deputy Minister of Economic Activity at the Oil Refining and OAO Gazprom Petrochemicals Industry

20 Strong management team and supportive shareholders 0.128.128

153.204.0 SIBUR’S EVOLUTION AS INDUSTRY LEADING PLAYER

128.128.128

208. 208.208 2003 – 2005 2006 – 2009 2010 – present 245.138.31

255.192.0

192.0.0

178.210.216 Consistent strategy implementation 242. 242. 242

Emerging as industry-leading player . Mr. Mikhelson becomes controlling 229.242.242 shareholder Creating fundamentals for growth . Dec-2006: Mr. Konov appointed CEO . Substantial increase of organic investment . Long-term development strategy formulated activity in both segments in line with strategy . Feb-2003: Mr. Dyukov appointed CEO . Formalized investment procedures and . Disposal of non-core assets (fertilizers and . Core management team formed processes in place tyres businesses) . Production flow streamlined . Development of capex execution capabilities . Upgrade of SCM system . Number of efficiency initiatives realised . Headcount optimization . Operational improvements (sales, procurement, operations) . Successful navigation through 2008-2009 . Development and implementation of SIBUR . Development and implementation of global economic crisis production system centralised SCM system . Modernization and expansion of Feedstock & . ERP implementation and IT upgrade . Organisational restructuring: creation of Energy segment assets business units . Establishment of international JVs . JVs with TNK-BP and SolVin created (Reliance, Sinopec) . Asset consolidation . Selective M&A . Selective M&A . Debt restructuring

21 0.128.128

153.204.0 AGENDA

128.128.128

208. 208.208

245.138.31 1. Business Overview

255.192.0 2. Investment Highlights 192.0.0

178.210.216 3. Strategy

242. 242. 242 4. Q2&H1 2013 Operational and Financial Results 229.242.242 5. Appendices

22 0.128.128

153.204.0 STRATEGIC OBJECTIVES

128.128.128

208. 208.208

245.138.31 Cement long- . Strengthen cooperation with oil and gas companies by offering efficient by-product utilisation term access to services through JVs and multi-year contracts 255.192.0 feedstock . Expand APG and NGLs processing capacity and infrastructure in Western Siberia 192.0.0

178.210.216 Develop large-scale petrochemicals production capacity close to feedstock base in Western Monetize stranded . 242. 242. 242 Siberia to capitalise on strong cost advantage for basic polymers feedstock through

229.242.242 petrochemicals . Achieve more balanced business model through reduction of exposure to volatile global energy markets

. Enhance position on the domestic petrochemicals market to benefit from Capture . Growth in per-capita consumption domestic growth opportunities . Replacement of conventional materials by petrochemical products . Import substitution

. Cost control . Streamline and integrate asset base Pursue operational excellence . Enhance business processes and functions, upgrade IT infrastructure . Prioritisation of investment opportunities and focus on projects with best strategic fit and industry- leading returns

23 0.128.128

153.204.0 INVESTMENT PROGRAMME DESIGNED TO MEET STRATEGIC GOALS

128.128.128 2009 – 2012A 2013 – 2016E(1) 208. 208.208 RR bln (excl. VAT) RR bln (excl. VAT)

245.138.31 Maintenance, R&D, IT, Maintenance, R&D, and other 255.192.0 IT and other Tobolsk-Polymer and multiple smaller scale projects Tobolsk-Polymer, ZapSib-2(2) 192.0.0 194 24 FEED and other 178.210.216 Ust-Luga 88 transshipment Purovsk-Pyt-Yakh- 39 143 242. 242. 242 facility, railway loading Tobolsk raw racks, raw NGL pipelines 88 NGL pipeline 39 229.242.242 30 Construction and 60 expansion of GPPs 60 30 (Vyngapurovskiy, Second GFU Yuzhno-Balykskiy) at Tobolsk 82 22 74

14

Other

Other

TOTAL

TOTAL

capacity

capacity

Feedstock

Feedstock

processing

processing

infrastructure

infrastructure

Transportation

Transportation

Petrochemicals Petrochemicals

RR 74 bln (excl. VAT) investment programme approved by SIBUR BoD for 2013

Source: Company data Notes: (1) Includes only investment projects approved by the Group’s Investment Committee. In addition, SIBUR is evaluating a number of projects which are at various stages of review. Therefore, the actual amount of capital expenditure that the Group may incur may exceed the amounts that have been formally approved. (2) Decision on the “ZapSib-2” project is expected after completion of the FEED stage, no earlier than the second half of 2013. 24 0.128.128

153.204.0 AGENDA

128.128.128

208. 208.208

245.138.31 1. Business Overview

255.192.0 2. Investment Highlights 192.0.0

178.210.216 3. Strategy

242. 242. 242 4. Q2&H1 2013 Operational and Financial Results 229.242.242 5. Appendices

25 0.128.128

153.204.0 KEY H1 2013 DEVELOPMENTS

128.128.128 EXTERNAL ENVIRONMENT SIBUR: KEY DEVELOPMENTS 208. 208.208 . Macro and market turbulence prevailed in H1’13 . Growth in processing and production volumes y-o-y 245.138.31 . Slow-down in GDP growth both globally and in Russia . New long-term arrangements with RN Holding . Lower oil, LPG and naphtha prices (formerly TNK-BP(1)) on the format of cooperation within our JV 255.192.0 . Continuing price correction for synthetic rubbers on Yugragazpererabotka weak demand 192.0.0 . Weighted average maturities of multi-year supply contracts . Tighter spreads between feedstock and end-product increased to exceed 12 years both for APG and NGLs 178.210.216 prices, especially in synthetic rubbers . Significant progress on multi-year investment programme . Indexation of natural gas prices 242. 242. 242 . Tobolsk-Polymer Plant: Construction completed. PP . Growth in average H1‟13 price of 13% y-o-y production on delivered propylene. Commissioning works 229.242.242 (increase by 15% in Jul‟12, decrease by 3% in Apr‟13) focused on propane dehydrogenation unit . Depreciation of RR against USD . Ust-Luga Transshipment Facility at commissioning stage, . Average RR/USD rate up by 1.2% y-o-y test loadings of LPG and naphtha tankers . RR/USD as of 30 Jun‟13 up by 7.7% vs 31 Dec‟12; . Thermoplastic elastomers production facility in Voronezh RR/USD as of 30 Jun‟12 up by 1.9% vs 31 Dec‟11 launched . International sales network expanded with focus on basic ONE-OFF FACTORS polymers ahead of Tobolsk-Polymer launch . High base effect: trading activities in favour of the . New trading subsidiaries registered in Turkey and Ukraine divested mineral fertilisers business continued . As of 30 Jun‟13 SIBUR had 7 international sales desks in Q1‟12 and were terminated from Q2‟12 in 4 countries outside Russia . Change in scope: . Increase in management’s stake to 17.5% . Deconsolidation of Yugragazpererabotka from Q2‟13 . Consolidation of BIAXPLEN from Q2‟12 . JV with SINOPEC for NBR production in Krasnoyarsk completed . Change in natural gas delivery basis to “ex-field” . USD 1 bln debut 5-year Eurobond due 2018 placed from 1 Jan‟13 at 3.914% pa

Notes: 26 (1) Renamed RN Holding as of 30 July 2013 following the acquisition by Rosneft. 0.128.128

153.204.0 SIBUR H1 2013 FINANCIAL SUMMARY

128.128.128 Revenue EBITDA Net Profit 208. 208.208 RR bln RR bln RR bln 245.138.31 136.9 EBITDA margin, % Net margin, % (5.0%) 130.0 255.192.0 31.1% 29.3% 21.7% 19.6%

192.0.0 42.6 (10.4%) 38.1 29.7 (13.9%) 25.5 178.210.216

242. 242. 242 H1 2012 H1 2013 H1 2012 H1 2013 H1 2012 H1 2013 229.242.242

OCF Net Debt / EBITDA Debt / Equity RR bln 1.16x 1.00x 0.98x

38.8 (4.8%) 37.0 0.49x 0.46x 0.44x

H1 2012 H1 2013 31 Dec'12 31 Mar'13 30 Jun'13 31 Dec'12 31 Mar'13 30 Jun'13

27 0.128.128

153.204.0 MACRO ENVIRONMENT

128.128.128 Russian GDP Growth(1) Consumer Price Index (y-o-y)(1) Railway Tariffs Indexation(2) 208. 208.208

245.138.31

255.192.0 6.9% 7.0% 4.5% 6.0% 4.3% 192.0.0 1.4%

178.210.216 H1 2012 H1 2013 H1 2012 H1 2013 2012 2013 242. 242. 242

229.242.242

Average Exchange Rate(3) Exchange Rate(3) Average Electricity Tariffs RR / USD RR / USD RR per kw / hour +7.7% +1.2% 32.2 +1.9% 32.8 30.6 31.0 30.4 32.7 2.0 1.8 +9.8%

H1 2012 H1 2013 31 Dec`11 30 Jun`12 31 Dec`12 30 Jun`13 H1 2012 H1 2013

Source: (1) Russian Federal State Statistics Service (2) Federal Tariff Service (3) CBR 28 0.128.128 (1) 153.204.0 MARKET ENVIRONMENT

128.128.128 Energy Products Basic Polymers 208. 208.208 ‟000 USD per tonne except as stated (avg. for the period) ‟000 USD per tonne (avg. for the period) 1.1 1.5 245.138.31 110.0 1.0 (5.1%) 255.192.0 90.0 +3.0% 0.9 (6.2%) 192.0.0 1.4 70.0 +4.4% 0.8 (13.4%) 178.210.216 0.7 50.0 (17.0%) 242. 242. 242 0.6 30.0 1.3 H1 2012 H1 2013 H1 2012 H1 2013 229.242.242 Naphtha LPG DAF Brest PP LDPE LPG Sonatrach Brent, USD per bbl (RHS) Synthetic Rubbers Plastics & Organic Synthesis ‟000 USD per tonne (avg. for the period) ‟000 USD per tonne (avg. for the period) 4.0 (2.5%) 2.0 +2.1% 3.5 10.4% +15.0% 1.8 3.0

(23.0%) 1.6 2.5 (32.4%) (1.2%) 1.4 2.0 +4.2% (32.4%) 1.5 1.2 H1 2012 H1 2013 H1 2012 H1 2013 Natural rubber Styrene-butadiene rubber 2-ethylhexanol Expandable polystyrene MEG Butyl acrylate Butadiene Butyl rubber PET Source: Argus, Bloomberg, ICIS, Chemease, Malaysian Rubber Board Notes: (1) For detailed market data statistics please refer to Appendix. Prices quoted in EUR are converted to USD at average EUR / USD FX rates for the respective periods. 29 0.128.128

153.204.0 REVENUE STRUCTURE AND DYNAMICS

128.128.128

208. 208.208 Total Revenue Energy Products Petrochemical Products Other Revenue RR bln RR bln RR bln RR bln 245.138.31 (5.0%) 136.9 255.192.0 130.0

192.0.0 +6.0% (10.0%) 63.4 67.2 64.4 178.210.216 58.0

242. 242. 242 (46.7%) 9.1 4.8 229.242.242 H1 2012 H1 2013 H1 2012 H1 2013 H1 2012 H1 2013 H1 2012 H1 2013

Revenue Split by Product RevenueBy region Split by Region Intermediates & other H1 2013 H1 2013 Processing services, CIS chemicals trading & other sales Asia Other Basic polymers 8 4 6 1 8 8 LPG Synthetic 21 rubbers 13 27 Russia % Europe %

Plastics & 58 16 10 Natural organic gas synthesis 9 products 3 8 Naphtha Raw NGL MTBE & other Total H1 2013 revenue of RR 130.0 bln fuels 30 0.128.128

153.204.0 PERFORMANCE BY PRODUCT GROUP

128.128.128

208. 208.208 LPG Natural gas Naphtha MTBE Raw NGL

245.138.31 RR bln RR bln RR bln RR bln RR bln 26.7 +1.5% 27.1 255.192.0

192.0.0 11.5 +10.8% 12.7 12.8 (7.0%) 11.9 9.2 +4.8% 9.7 178.210.216 +179.2% 4.5 1.6

242. 242. 242 H1 2012 H1 2013 H1 2012 H1 2013 H1 2012 H1 2013 H1 2012 H1 2013 H1 2012 H1 2013

229.242.242

Plastics & Organic Basic Polymers Synthetic Rubbers Synthesis Intermediates & Other Other Revenue RR bln RR bln RR bln RR bln RR bln

22.3 Trading and other sales (24.3%) 20.7 Sales of processing services 18.9 16.9 +9.9% 11.7 11.6 (9.4%) 10.6 (15.4%) 9.8 9.1 (46.7%) 4.8

H1 2012 H1 2013 H1 2012 H1 2013 H1 2012 H1 2013 H1 2012 H1 2013 H1 2012 H1 2013

31 0.128.128

153.204.0 ENERGY PRODUCTS: SALES VOLUMES AND PRICE DYNAMICS

128.128.128 LPG Natural Gas Naphtha 208. 208.208 Sales volumes,‟000 tonnes Sales volumes, mln cubic metres Sales volumes, ‟000 tonnes 245.138.31 Change in effective avg. selling price, % Change in effective avg. selling price, % Change in effective avg. selling price, %

(6.3%) (6.4%) 255.192.0 6,212 (3.9%) 5,244 +18.4% 192.0.0 1,333 +8.4% 1,445 178.210.216 (3.2%) 555 537 242. 242. 242

229.242.242 H1 2012 H1 2013 H1 2012 H1 2013 H1 2012 H1 2013

MTBE Raw NGL Key Factors

Sales volumes, ‟000 tonnes Sales volumes, ‟000 tonnes . Higher sales volumes in majority of the products Change in effective avg. selling price, % Change in effective avg. selling price, % . Increase in natural gas sales volumes on

inventory sales

(5.0%) (17.3%) . Lower selling prices across the product range following price correction on international markets . Decline in LPG export prices partially offset by lower export duty . Lower raw NGL selling prices also reflect +10.4% increased supply in Russia, particularly in +237.7% 352 Western Siberia 225 248 104 . Natural gas selling price affected by a one-off change in the delivery basis to “ex-field” H1 2012 H1 2013 H1 2012 H1 2013 . Net of this effect selling price for natural gas increased by 11.4% y-o-y

32 0.128.128

153.204.0 PETROCHEMICALS: SALES VOLUMES AND PRICE DYNAMICS

128.128.128 Basic Polymers Synthetic Rubbers Key Factors 208. 208.208 Sales volumes, ‟000 tonnes Sales volumes, ‟000 tonnes Basic polymers: 245.138.31 Change in effective avg. selling price, % Change in effective avg. selling price, % . Lower sales volumes despite higher production and third-party purchases due to 255.192.0 (19.8%) . inventory accumulation ahead of biennial +1.1% maintenance shutdown in Tomsk 192.0.0 . partial reclassification of PP sales to 178.210.216 239 intercompany on BIAXPLEN consolidation (10.4%) 214 223 (5.7%) 211 . Largely flat prices 242. 242. 242 Synthetic rubbers: Lower sales volumes due to weak demand, 229.242.242 H1 2012 H1 2013 H1 2012 H1 2013 . partially compensated by focused inventory sale in Q2‟13 Plastics & Organic Synthesis Intermediates & Other . Continuous price correction for all rubber Sales volumes, ‟000 tonnes Sales volumes, ‟000 tonnes grades but butyl rubber Change in effective avg. selling price, % Change in effective avg. selling price, % Plastics & organic synthesis:

. Higher sales volumes due to organically +6.6% +6.2% expanded production and consolidation of BIAXPLEN from Q2‟12 378 390 . Largely resilient demand and prices on the +3.1% (20.3%) 313 domestic market 250 Intermediates & other chemicals: . Lower sales volumes on increased internal processing of styrene, propylene and isobutylene & Caprolactam H1 2012 H1 2013 H1 2012 H1 2013 decommissioning . Resilient price performance

33 0.128.128

153.204.0 OPERATING EXPENSES STRUCTURE AND DYNAMICS

128.128.128 Operating Expenses Goods for Resale Feedstock & Materials 208. 208.208 Y-o-Y dynamics Structure RR bln RR bln 21% 26% 245.138.31 RR bln Feedstock & 5% 2% 33.3 72% 75% Other materials 28.2 255.192.0 99.1 97.3 Goods for resale 8 6.7 +17.7% 3 (53.9%) Repairs & maintenance 3 34 (1.8%) Depreciation & 3.1 192.0.0 5 amortisation % 178.210.216 13 Staff costs H1 2012 H1 2013 H1 2012 H1 2013 20 13 242. 242. 242 Energy & utilities Staff Costs Transportation & Logistics H1 2012 H1 2013 Transportation & RR bln 229.242.242 logistics RR bln 10% 10% 13% 15% Key Factors 18.3 19.4 The decline attributable to Partially offset by 14.2 (9.1%) 12.9 +5.8% .Lower purchases of goods for .Higher feedstock and resale (partially offset by higher materials (inter alia due to PP feedstock & materials on PP reclass) H1 2012 H1 2013 H1 2012 H1 2013 reclass) .Higher transportation & .Lower staff costs due to a one- logistics on off charge in Q2‟12 . higher tariffs and volumes Energy & Utilities Processing Services .Net effect of by rail and higher truck RR bln RR bln Yugragazpererabotka transportation… 11% 10% 0% 1% deconsolidation, since . …despite lower natural gas . higher third-party processing transportation via UGSS 14.5 13.0 services… (10.3%) +506.7%

. …offset by deconsolidation of 1.6 0.3 energy & utilities, staff costs, repairs & maintenance, etc. H1 2012 H1 2013 H1 2012 H1 2013

x% – % of revenue 34 0.128.128

153.204.0 CASH FLOW STATEMENT HIGHLIGHTS

128.128.128 Key Developments Key Highlights 208. 208.208 Six months ended 245.138.31 .Net cash from operating activities decreased by 4.8% y-o-y primarily 30 June Change % 255.192.0 2013 2012 due to RR mln, except as stated . decline in EBITDA… 192.0.0 Net cash from operating activities 36,995 38,847 (4.8%) . …partially offset by WC changes 178.210.216 Changes in working capital 4,956 1,140 334.7%

242. 242. 242 .Net cash used in investing activities Net cash used in investing activities, including (36,717) (15,821) 132.1% 229.242.242 increased by 132.1% y-o-y on PPE (36,004) (32,226) 11.8% . CapEx growth of 11.8% y-o-y . proceeds from disposals in 2012 Proceeds from disposal of non-core businesses(1) - 13,673 (100.0%)

Net cash used in financing activities, including (9,600) (33,888) (71.7%)

.Net cash used in financing activities Dividends (7,625) (21,786) (65.0%) decreased by 71.7% y-o-y due to . semi-annual dividend in H1‟13 vs. Effect of exchange rate changes on cash and cash 12 (154) n/m FY‟11 dividend in H1‟12 equivalents . lower net debt repayment Net increase in cash and cash equivalents (9,310) (11,016) (15.5%)

Notes: (1) Includes proceeds from disposal of the mineral fertilisers business net of related income tax of RR 900 mln, as well as proceeds from the disposal of Voronezh Tyre Plant and Kirov Tyre Plant. 35 0.128.128

153.204.0 DEBT STRUCTURE AND MATURITY PROFILE

128.128.128 Key Highlights Key Figures 208. 208.208 30 June 31 Mar 31 Dec Change, % . Total debt remained largely flat RR bln, except as stated 2013 2013 2012 vs 31 Dec 2012 245.138.31 . Net debt increased by 9.4% y-o-y due to lower cash and Debt 94.4 96.1 96.0 (1.7%) 255.192.0 cash equivalents on CapEx financing and semi-annual Cash & cash equivalents 4.3 18.2 13.6 (68.6%) Net debt 90.1 77.9 82.4 9.4% 192.0.0 dividend payment Average loan tenor (years) 3.1 3.1 1.8 – . RR 4,5 bln(1) in debt to RN Holding deconsolidated due to 178.210.216 Available credit lines 69.0(2) 72.5 74.0 (6.8%) deconsolidation of Yugragazpererabotka

242. 242. 242 Debt / EBITDA 1.21x 1.21x 1.17x – . As of 30 Jun‟13, all of the debt was unsecured, except for Net debt / EBITDA 1.16x 0.98x 1.00x – 229.242.242 RR 16.6 bln outstanding under the Tobolsk-Polymer project EBITDA / Interest(3) 16x 16x 22x – finance facility Eurobond Placement Debt Maturity Profile Debt Currency Split . On 31 Jan‟13, SIBUR placed debut 5-year USD 1 bln RR bln 30 Jun‟13 30 Jun‟13 Eurobond at 3.914% pa RR Short-term debt refinanced, average tenor improved to 14 . 2 EUR 3.1 as of 30 Jun‟13 from 1.8 years as of 31 Dec‟12 % . Fixed / floating rate ratio changed to 48 / 52% as of 43.7 27.1 30 Jun‟13 from 29 / 71% as of 31 Dec‟12 84 14.8 8.8 USD . USD debt share increased to 84% as of 30 Jun‟13 from 79% as of 31 Dec‟12 <1y 1-2y 2-5y >5y

Notes: (1) Includes principal amounts of debt owed by SIBUR to RN Holding and debt owed by Yugragazpererabotka to TNK-BP. Excludes accrued interest. (2) Of which an equivalent of RR 21,023 mln was committed. (3) Interest represents accrued interest, i.e. includes interest expense and capitalised interest. SIBUR changed its approach to reporting interest coverage ratio, as previously interest included only interest expense and excluded accrued interest. We believe that the new approach is more conservative and provides the reader with more accurate metrics. 36 0.128.128

153.204.0 AGENDA

128.128.128

208. 208.208

245.138.31 1. Business Overview

255.192.0 2. Investment Highlights 192.0.0

178.210.216 3. Strategy

242. 242. 242 4. Q2&H1 2013 Operational and Financial Results 229.242.242 5. Appendices

37 0.128.128

153.204.0 MARKET PRICES

128.128.128 Energy Products Basic Polymers 208. 208.208 Rebased to 100 Rebased to 100 120% H1 2012 H1 2013 245.138.31 H1 2012 H1 2013 120% 255.192.0 100% 192.0.0 100% 80% 178.210.216

60% 242. 242. 242 Brent Naphtha CIF NWE LDPE CFR China film, Spot LPG DAF Brest LPG Sonatrach PP rafia China Main Port, Spot 40% 80% 229.242.242

Synthetic Rubbers Plastics & Organic Synthesis Products Rebased to 100 Rebased to 100 140% H1 2012 H1 2013 130% H1 2012 H1 2013

120% 110%

100% 90% 80% Styrene butadiene rubber, ESBR 1500 Spot, FD NWE 70% 60% Natural Rubber, NR SMR 20 Polystyrene, EPS block FOB Korea MEG Contract, FD NWE T2 Butadiene Contract, FD NWE 2-ethylhexanol Spot, FD NWE Butyl acrylate Spot, FD NWE Butyl rubber, IIR 1751 (yanshan) PET FOB China, Spot 40% 50%

Source: Argus, Bloomberg, ICIS, Malaysian Rubber Board, Chemease

38 0.128.128

153.204.0 MARKET PRICES (CONT’D)

128.128.128

208. 208.208 PRODUCT QUOTE SOURCE 245.138.31

ENERGY PRODUCTS 255.192.0 Oil Brent (USD per bbl) Bloomberg

192.0.0 Naphtha Naphtha CIF NWE Argus LPG DAF Brest Argus LPG 178.210.216 LPG Sonatrach Argus

242. 242. 242 BASIC POLYMERS LDPE LDPE CFR China film, Spot ICIS 229.242.242 PP PP rafia China Main Port, Spot ICIS

SYNTHETIC RUBBERS Natural rubber NR SMR 20 Malaysian Rubber Board Butyl rubber IIR 1751 (yanshan) Chemease Butadiene Butadiene Contract, FD NWE ICIS Styrene-butadiene rubber ESBR 1500 Spot, FD NWE ICIS

PLASTICS & ORGANIC SYNTHESIS PRODUCTS PET PET FOB China, Spot ICIS Monoethylene glycol (MEG) MEG Contract, FD NWE T2 ICIS 2-ethylhexanol (alcohol) 2-ethylhexanol Spot, FD NWE ICIS Butyl acrylate Butyl acrylate Spot, FD NWE ICIS Expandable polystyrene Polystyrene, EPS block FOB Korea ICIS

39 0.128.128

153.204.0 UST-LUGA TRANSSHIPMENT FACILITY IN THE LENINGRAD REGION 128.128.128 Project Description 208. 208.208 . LPG and light oils transshipment facility at Ust-Luga sea port 245.138.31 in the Leningrad region 255.192.0 . Estimated storage and loading capacity:

192.0.0 . LPG: 1.5 mln tonnes p.a. . Light oils: 2.5 mln tonnes p.a. 178.210.216 . The project is aimed to support growth in LPG exports to 242. 242. 242 premium W. European markets . Currently at commissioning stage 229.242.242 . Test loadings of LPG and naphtha tankers began in May‟13 . Expected launch in 2013

Completion Stage 30 June‟13 Overall status: 97% completed

Design 100%

Equipment & 99% Procurement

Construction 95%

40 0.128.128

153.204.0 ENVIRONMENT, HEALTH AND SAFETY

128.128.128 LTIFR(1) Air Pollution 208. 208.208 1.22 „000 tonnes . Corporate Programme for . Air Resource Protection 245.138.31 (34%) Development of Safety Culture 63.2 61.2 Programme (2012-2016): and IS(2) and OHS(3) Management 55.0 (3%) 255.192.0 0.81 0.81 +15% . Decrease emission of the Systems: 0% pollutants 192.0.0 . Develop and introduce: . Reduce SIBUR‟s industrial safety standards • impact 178.210.216 • OHS management system • accident prevention 242. 242. 242 system

229.242.242 2010 2011 2012 • internal investigations 2010 2011 2012 system

Wastewater Discharge Sanitary Waste Generation mln cubic metres „000 tonnes . Water Resource Protection . Waste Management Programme 73.0(4) Programme (2011-2015): 159.4 (2011-2015): 69.1 65.9 (5%) (5%) (22%) . Build, renovate and +79% 123.9 . Construct new waste storage reconstruct: facilities • treatment facilities 89.0 . Decrease waste output • water intake facilities • disposal sewers for . Upgrade waste processing treated outflows and utilisation equipment

2010 2011 2012 2010 2011 2012 Notes: (1) Lost Time Injury Frequency Rate – number of injured employees per million working hours. (2) Industrial Safety. (3) Occupational Health & Safety. (4) Calculation adjusted for new methodology. 41 0.128.128

153.204.0 FINANCIAL CALENDAR – 2013

128.128.128

208. 208.208 Event Date 245.138.31 SEP 2013 255.192.0 M T W T F S S 1 192.0.0 FY 2012 Operational and Financial Results 3 April 2013 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 178.210.216 23 24 25 26 27 28 29 30 242. 242. 242 Q1 2013 Operational and Financial Results 18 June 2013

229.242.242 DEC 2013 Q2 and H1 2013 Operational and Financial Results 12 September 2013 M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 th Q3 and 9M 2013 Operational and Financial Results Week of December 16 (TBC) 23 24 25 26 27 28 29 30 31

42