TNK-BP Environmental Performance & Business Transparency

TNK-BP published on its website its Sustainability Report for 2011, including expanded reporting on environmental performance and business transparency principles. The report provides comprehensive information on the Company’s operations and was prepared in accordance with the G3 guidelines of the Global Reporting Initiative (GRI), in its A+ level of application.

The report contains information on environmental matters at each of the Company’s assets, detailed results of environmental remediation programs, as well as environmental activities for each region where the Company operates. Additionally, the report outlines the Company’s initiatives to enhance business ethics in 2011, occupational and industrial safety performance, including activities carried out in 2011, as well as priorities in these spheres in 2012.

The 2011 Sustainability Report was independently reported on by PwC, which confirmed the highest level of disclosure (A+).

“Sustainable development is an important factor in achieving our strategic objective of transforming TNK-BP into a truly international oil and gas company. People are at the heart of this strategy, with a focus on health and safety as well as personal development and training. However, transparency, adherence to the highest standards of business ethics, prudent care for the environments we work in and a drive to constantly improve our performance in these key areas remain equally high priorities for our Company and a foundation to our promised delivery of sustainable development,” said Jonathan Muir, Chief Financial Officer of TNK-BP.