The Annual General Meeting of Shareholders

April 26, 2016. Izhevsk, Russia. Today, the Board of Directors of PJSOC Bashneft has resolved to convene the Annual General Meeting of Shareholders of the Company on June 30, 2016 in Ufa and set the date for compiling a list of eligible participants at May 16, 2016.
 

The Board of Directors is expected to approve the agenda of the Annual General Meeting of Shareholders and recommendations on the amount of the Company's dividends for 2015 after receiving the relevant directives from the Government of the Russian Federation.
 

Additional information:                                                                   

Sergey Verezemskiy (PR)                                                                           Maria Radina (IR)

+7 (495) 228-22-00                                                                                         +7 (495) 228-22-00

VerezemskiySV@bashneft.ru                             www.bashneft.ru                      ir@bashneft.ru

Note to editors: PJSOC Bashneft is a vertically integrated oil company operating in over 20 regions of Russia and abroad. In 2015 the Company ranked sixth in terms of oil production (19.9 million tonnes) and fourth in terms of crude oil distillation (19.1 million tonnes) among Russian oil companies. Bashneft accounts for 3.7% of Russia’s total oil production and 6.8% of total oil refining. As of December 31, 2015, the Company’s proved oil reserves under PRMS classification totalled 2.324 billion barrels; in 2015 Bashneft’s reserve replacement ratio stood at 202%, while the reserves-to-production ratio amounted to 16.3 years.