Alliance Oil Interim Report for the Quarter and Nine Months Ended 30 September 2012

Quarter ended 30 September 2012

— Revenue of MUSD 904.3, up 14% from Q3 2011.
— EBITDA of MUSD 214.0, up 23% from Q3 2011.
— Profit before tax of MUSD 169.9, up 102% from Q3 2011.
— Profit for the period of MUSD 132.0, up 109% from Q3 2011.
— New exploration license in Timano-Pechora.
— First phase of exploration and production joint venture with Repsol completed.

Nine months ended 30 September 2012

— Revenue of MUSD 2,536.6, up 12% from nine months 2011.
— EBITDA of MUSD 564.9, up 24% from nine months 2011.
— Profit before tax of MUSD 376.7, up 37% from nine months 2011.
— Profit for the period of MUSD 290.8, up 39% from nine months 2011.

Subsequent events

— Tomsk region operations expand through acquisition of a gas company
— 2P reserves increased to 760 mboe and 3P reserves to 1,256 mboe.
— Alliance Oil Company won tender for 5 exploration licenses in Timano-Pechora.