Financial results for the six months ending 30 June 2012 and operating update

Kiev – Ukrnafta PJSC (UX: UNAF, hereinafter “Ukrnafta” or “the Company”), announces today its financial results and operating update for the six months ending 30 June 2012.

Gross profit for the first half of 2012 amounted to UAH 2,544 million (1H 2011: UAH 1,388 million). Operating profit for the reporting period reached UAH 1,896 million (1H 2011: UAH 788 million).

In the first six months of 2012, eight new wells were put into operation on the Company’s fields, six of them in Dnieper-Donets basin and the remaining two in the Carpathian basin. The combined flow rate of the new wells amounted to 139.8 tonnes of oil and condensate, and 248.0 thousand cubic metres of gas per day in June.

Regular disclosures for the first half of 2012 are available at Ukrnafta's ESCRIN page (see http://eds.ssmsc.gov.ua/00135390.aspx).