12 August 2013 Contact: Roxana Clinciu Phone:

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Valentine Golden
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1 12 August 2013 Contact: Roxana Clinciu Phone: Rompetrol Rafinare - Production at maximum capacity of the Petromidia Refinery and improvement of the net result by 40% in the first semester of 2013 Rompetrol Rafinare, a company member of the Rompetrol Group, continued to improve its net result in the first half of 2013, recording a reduction of the consolidated net loss by 40%. These amounted to USD million after the first six months of 2013 as compared to USD million in the same period of The improvement of the company s consolidated net result follows the positive trend of the first quarter of 2013, when the net loss of the company dropped down by 60% as compared to the same period of 2012 and amounted to USD 25,18 million. The Petromidia Refinery reached the maximum production capacity of 14,000 tons a day in May and June 2013, after the completion of the investment programme sustained by, which determined operating process of installations at higher standards of performance, according to the commitment regarding environmental protection. These investments determined improvement of the efficiency indicator EII (Energy Intensity Index) reached the minimum record level, of 93 points, a level reached by the most efficient European refineries. Main financial Currency Semester I 2013 Semester I 2012 % indicators Consolidated Turnover USD 1,966,688,264 2,269,253,743-13% EBITDA USD (8,210,374) (29,085,088) N/A Net result USD (78,431,001) (131,837,646) N/A At the same time, Rompetrol Rafinare improved significantly its negative operational result (EBITDA) in the first semester of 2013, which was USD 8.21 million, that is 3.5 times lower than that of the first half of 2012, which was USD million.

2 Given the decrease of the international quotations of the oil products and volumes traded by the company, Rompetrol Rafinare s consolidated gross turnover* in the first semester was approximately USD 1.96 billion, which is 13% lower than the level reported for the same period of 2012**. The company s consolidated financial results continued to be negatively influenced by the unfavourable market conditions, which led to low values of the Brent/Ural differential from USD 1.33 /bbl (first half 2012) to USD 0.74 USD/bbl (first half 2013) and also for low values of the main oil products obtained. Also, the Petromidia Refinery was subject to an overhaul throughout March 2013 as planned. The Petromidia Refinery is able to produce a maximum capacity of 14,000 tons a day following the comprehensive investment programme for modernisation and increase of the processing capacity from 3.8 million tons a year up to 5 million tons a year run by the Rompetrol Group and its sole shareholder, KazMunayGas. As to the distribution segment, the sale channels and cost reduction programme continued to improve leading to a positive net result of more than USD 320,000 in the first semester of The distribution segment comprises the results of the subsidiaries Rom Oil, Rompetrol Downstream, Rompetrol Quality Control, Rompetrol Logistics and Rompetrol Gas. Rompetrol Rafinare S.A. remained an important contributor to Romania s state budget with USD 542 million in payments in the first semester of Refining segment Refining segment Currency Semester I 2013 Semester I 2012 % Turnover USD 1,717,745,183 2,087,609,361-18% EBITDA USD (24,489,285) (34,468,631) N/A Net result USD (71,204,605) (112,959,232) N/A Raw material processed kt 1,658 1,966-16% Domestic fuel sales kt % Fuel sales - export kt %

3 Rompetrol Rafinare S.A. recorded a negative net result of USD million after the first six months of 2013, which is 37% higher than in the same period of The gross turnover of Rompetrol Rafinare was USD billion in the first semester of 2013, which is 18% lower than in the same period of 2012, following the decrease in the international quotations for oil products but also the planned production shutdown of the Petromidia Refinery in March-April From the operational perspective, Rompetrol Rafinare had improved the yields for Diesel, which increased to 43.5% in the first half of 2013, from 37.6% in the first six months of Also the processing expenditures have been decreased by USD 8 million in the first half of 2013, comparing with the same period of last year, in correlation with the costs optimisation programme. The utilisation degree of the refining capacity was 81.98% in the second quarter of 2013, which is 0.62% higher than the same period of Although the refining margin is better than the same period of last year, the company s financial results continued to be negatively influenced by the unfavourable market conditions that caused low values for the Brent/Ural differential and for the quotations of the main oil products obtained. The fuel sales on the domestic and foreign markets were 1.2 million tonnes in total out of a total of 1.6 million tonnes processed quantity. Petromidia accounts for more than 40% of the refining capacity of Romania, and the total investments of and its sole shareholder, KazMunayGas, reach USD 1.3 billion USD, in Distribution segment Distribution segment Currency Semester I 2013 Semester I 2012 % Turnover USD 1,170,980,482 1,229,088,963-5% EBITDA USD 15,490,308 6,699, % Net result USD 324,136 (22,895,333) N/A Retail quantities sold kt % Wholesale quantity sold kt %

4 Note: the distribution segment comprises the results of the subsidiaries Rom Oil, Rompetrol Downstream, Rompetrol Quality Control, Rompetrol Logistics and Rompetrol Gas The gross turnover in the first semester of was USD 1.170, 5% lower than in the same period of 2012, being negatively affected by the drop down in the international quotations for oil products. Platts quotations (Platts Fob Med Italy) in the first half of 2013 as compared to the first semester of 2012 were 4% lower in average for gasoline and 5% for gas-oil considering a 1% lower RON/USD exchange rate. However, the optimisation of the sales channels and the cost reduction programme run with a view to increasing the profitability of this segment have favoured an improvement of the net financial result. Such result amounted to USD 324,136 in the first semester of The negative net result in the same period of year 2012 was USD million. At the end of June 2013, the distribution segment of Rompetrol Downstream comprised 753 stations, including its own filling station network, partner stations and express mobile stations, 9 and 20 m 3 internal bases. Petrochemical segment Petrochemical segment Currency Semester I 2013 Semester I 2012 % Turnover USD 103,161, ,019,110-22% EBITDA USD (609,517) (4,775,780) N/A Net result USD (7,166,021) (11,489,694) N/A Processed propylene kt % Processed ethylene kt % Total sales kt % The shutdown of the Petromidia Refinery for the technological revision planned has also affected the financial results of Rompetrol Petrochemicals. The gross turnover reached USD 103 million in the first semester of 2013, 22% lower than in the same period of last year. The quantity of raw material processed in the first six months of this year has been 31% lower than in the same period of 2012.

5 As compared to 2012, the financial results were positively impacted by the good margins for the petrochemical products, mainly in January and June when the, EBITDA indicator influenced by such quotations reached a positive value of USD 1.5 million (January) and USD 900,000 USD (June). Rompetrol Petrochemicals is the sole polypropylene producer in Romania, and has since 2010 also been the sole polyethylene producer; the company thus managed to increase constantly its market share. The company has an annual production capacity of more than 200,000 tons of polymers (polypropylene, low and high density polyethylene). * The consolidated financial statements of Rompetrol Rafinare include the results of Rompetrol Rafinare S.A. and those of subsidiaries Rompetrol Petrochemicals S.R.L., Rom Oil S.A., Rompetrol Downstream S.R.L., Rompetrol Quality Control S.R.L. and Rompetrol Logistics S.R.L. (together with Rompetrol Gas S.R.L.). ** The results presented are unaudited and consolidated, and the reporting was conducted in compliance with the International Reporting Standards (IFRS). Communication and Public Relations Department

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