Igor Sechin counts in his own way.

His assessment of profitability is not in line with market

Igor Sechin, the President of "Rosneft", gave another of his customised financial calculations of the state-owned company. According to him, the dividend yield of the "Rosneft"’s shares could reach 8.5 % based upon the results of 2013. But the figure corresponds to a semi-annual yield. Usually the index is calculated within the whole year, and in this case it will be only about 5%. Igor Sechin’s calculations raised questions among analysts earlier. For example, he recently said, that the capitalization of "Rosneft" has grown by 18%, although in 2013 it fell to 8.1%. As a result, investors react no more to these estimates.

"Rosneft" is going to save the estimated dividend yield at the current level of 8.5%, stated Igor Sechin, the president of state-owned company, on Friday. "If you buy "Rosneft"’s shares now, their annual yield based on accepted standards of dividend payment will be 8.5 %. We will strive to maintain this momentum," - stated Mr. Sechin.