Today, the Board of Directors of JSOC Bashneft reviewed a number of issues related to the Annual General Meeting of Shareholders of the Company to be held on June 10, 2014. The Board decided to include the following persons in the list of candidates nominated to the Board:

1. Didier Baudrand
2. Charles Watson
3. Thomas Winkler
4. Alexander Goncharuk
5. Sergey Drozdov
6. Felix Evtushenkov
7. Alexander Korsik
8. Vsevolod Rozanov
9. Michael Hecker
10. Mikhail Cherniy
The Annual General Meeting of Shareholders is to consider approving the number of members of the Board of Directors at 10 members. Information on new candidates nominated to the Board of Directors of JSOC Bashneft is provided below.
As previously announced, on April 22, 2014 the Board of Directors recommended allocating part of JSOC Bashneft’s net income for 2013 amounting to RUB 37.48 billion for dividend payments for the 2013 fiscal year.
Based on the Company’s new authorized share capital formed as a result of the reorganization of Bashneft through consolidation of CJSC Bashneft-Invest with the Company and cancellation of preferred shares bought back by Bashneft, the amount of dividends recommended by the Board of Directors was set at RUB 211 per ordinary and preferred share, with total dividends amounting to RUB 37.48 billion.
Earlier, the Board of Directors had recommended that the Meeting should set the record date in accordance with the decision to pay (declare) dividends at June 23, 2014. If the Meeting of Shareholders gives its approval, dividend payments will be made in the first half of July 2014.

INFORMATION ON NEW CANDIDATES NOMINATED TO THE BOARD OF
DIRECTORS OF JSOC BASHNEFT

Didier Baudrand was born in 1954. In 1976 he graduated from University of Paris VII with a Master’s degree in Physical Chemistry; in 1978 he graduated from École nationale supérieure de chimie (the National Chemical Engineering Institute) in Paris with a degree in Chemical Engineering. From 2008 through 2009, he held the position of Senior Vice President for Refining and Marketing Special Projects of BP Plc. From 2009 through 2012, Mr. Baudrand served as Executive Vice President for Downstream and Executive Director at TNK-ÂÐ. In 2012 he held the post of Senior Vice President for Refining and Marketing of BP Plc. Currently, he is the director of Baudrand Consult (France).
Thomas Winkler was born in 1963. He graduated from the University of Salzburg in 1985 and from the University of Cape Town in 1987; he holds a Master’s degree in Law. In 2014 he finished IESE Business School of the University of Navarra. In 2001–2007 he served as the Chief Financial Officer and a member of the Board of Directors of T-Mobile International AG & Co. In 2007–2009 Mr. Winkler worked as an independent consultant. In 2009–2010 he held the position of Executive Vice President of JSFC Sistema. In 2010–2013 he was a member of the Management Board and the Chief Financial Officer of Lenzing AG (Austria). Currently, Mr. Winkler is a member of the Board of Directors of OeIAG.
Michael Hecker was born in 1970. He graduated from Pierre-Mendez-France-University (Grenoble, France) in 1994 with a degree in International Politics and Administration and from the University of Göttingen in 2001 with a degree in Law. He holds a PhD in Law. From 2000 through 2006, Mr. Hecker worked for A. T. Kearney Europe, where he was responsible for projects in the area of strategy, marketing and finance in telecommunication companies. In 2006–2014 he was a member of the Management Board and Vice President for Strategy, M&A and Corporate Development at OJSC Mobile Telesystems. Since February 2014, he has been a member of the Management Board, the Vice President and Head of the Strategy Function at JSFC Sistema.