On 16 January 2009, the boards of Rosco S.A. (“Rosco”) and Arawak Energy Limited (“Arawak”) announced the terms of a recommended and increased pre-conditional cash offer to be made by Rosco to acquire the entire issued and to be issued common share capital of Arawak (the “Offer”).

Rosco has now received written confirmation from the Federal Anti-Monopoly Service of the Russian Federation (“FAS”), that FAS has, in accordance with Articles 28 and 33 of Federal Law No. 135-FZ, dated 26 July 2006, granted the application made by Vitol Holding B.V., the parent company of Rosco, for the acquisition of rights under the Offer, on terms which are reasonably satisfactory to Rosco.

Accordingly, Rosco confirms that the Pre-Condition to the Offer has been satisfied.