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.