CONCLUSION OF LARGEST DEAL INVOLVING A RUSSIAN COMPANY IN BRAZIL

OSF Merchant Banking is pleased to announce the successful conclusion of one of the most significant cross-border transactions in Brazil. The acquisition of a 45% stake by TNK-BP of Russia in the HRT Solimões Oil and Gas project for USD 1.0 billion with an earn out of up to 5.0 billion and the option to acquire another 10%. This represents the largest E&P deal for TNK-BP outside of Russia. OSF Merchant Banking advised AAR, Access Industries, Alfa and Renova, the Russian shareholders of TNK-BP.

OSF Merchant Banking (www.osfmb.com) was founded by financier Hans J.Apostel and other veteran professionals.

For details on the transaction:

http://www.reuters.com/article/2011/10/31/us-hrt-tnkbp-idUSTRE79U5TA20111031

http://www.guardian.co.uk/business/feedarticle/9922839