The Board of Directors of JSOC Bashneft approved the membership of the Board Committees and the number of their members. In accordance with best corporate governance practices, the Board of Directors decided to create the Audit Committee (with most of its members, including the Chairman, being independent directors) and the Finance, Budget and Risk Committee.

Thus, there are six Committees of the Board of Directors currently in place in Bashneft:

1. The Strategy Committee (Mikhail Cherniy, Chairman; Alexey Buyanov; Charles Watson; Viktor Gantsev; Alexander Korsik; Vsevolod Rozanov).
2. The Audit Committee (Vitaliy Artyukhov, Chairman; Alexey Buyanov; Charles Watson; Yury Pustovgarov).
3. The Finance, Budget and Risk Committee (Vsevolod Rozanov, Chairman; Igor Busarov; Andrey Kamensky; Mikhail Cherniy).
4. The Nominating and Compensation Committee (Alexander Goncharuk, Chairman; Elena Vitchak; Alexander Korsik; Mikhail Cherniy).
5. The Health, Safety, Environment and Social Responsibility Committee (Randall Gossen, Chairman; Charles Watson; Pavel Zakharov; Yury Pustovgarov).
6. The Corporate Conduct Committee (Sergey Drozdov, Chairman; Vitaliy Artyukhov; Randall Gossen).