Transoil Receives Ba3 Credit Rating From Moody's - Outlook Stable

MOSCOW, December 24, 2010 - "Transoil" ("Transoil" or "the Company") is pleased to announce that the
Company has received an initial credit rating from Moody's Investors Service
("Moody's"). Having analyzed key financial and business parameters, Moody's
has assigned Transoil a corporate rating of Ba3. The rating outlook is
stable. A rating of Aa3.ru on the national scale was also assigned to the
company.

Among the positive aspects of the company Moody's focuses on the strong
market positions of Transoil as one of the leading transport operators of
crude oil and petrochemicals, with long-term relationships with major clients
and customers of the services, a modern fleet, low debt burden, conservative
financial policies and an ability to generate positive cash flow. In the
report Moody's stresses the fact that Transoil's flexible investment program
can be fully financed from operating cash flow funds.

After analyzing the market of railway deliveries of crude oil and
petrochemicals, Moody's forecasts strong demand for services in this sector.

Commenting on the announcement, Guennady Timtchenko, Chairman of
Transoil's Board, said, "Getting an initial credit rating is an important
stage in the strategic development of Transoil. We have made great progress
in the increase of business from the start of the company's activity, and now
Transoil is one of the leading players in the market of railway deliveries of
crude oil and petrochemicals. The high corporate rating of Ba3 reflects the
current market opportunities of the company and affords a positive forecast
for the company's future development."

Background

Transoil is the largest private company specializing in the
transportation of oil and petrochemicals. The company's market share in this
sector in Russia is some 26%. The average age of Transoil's rolling stock is
about 10 years, and it includes 26,500 tanks and 36 locomotives to power the
company's rolling stock.

A network of company representative offices and branches covers eleven
regions in Russia. The company is focused on strategic routes, including
export to China, Mongolia, Finland, the Baltic countries, CIS and Eastern
Europe. Customers of Transoil include leading companies such as: Gazprom
Neft, Rosneft, Surgutneftegas, Transneft, Vostokneftetrans,
Transnefteproduct.

    For further information:
    Andrey Romashkin
    (PR manager),
    +7 (812) 332 22 00, ext. 1378

    Stuart Leasor
    M:Communications
    M +44 7703 537721 (UK)
    M. +7 985 367 2758 (Russia)
    M +971 55 225 0738 (UAE)
    www.mcomgroup.com

Andrey Romashkin, PR manager, +7 (812) 332-22-00, ext. 1378; or Stuart Leasor of M:Communications, M +44-7703-537721 (UK), M. +7-985-367-2758 (Russia), M +971-55-225-0738 (UAE)