Based on a suggestion from the Federal Agency for State Property Management, the Board of Directors of PJSOC Bashneft has included the following issues in the agenda of the Annual General Meeting of Shareholders of the Company:

• Approval of the Company’s annual report;
• Approval of the Company’s annual financial statements;
• Approval of distribution of the Company’s profit for 2015;
• The amount of dividends, the date and form of dividend payments for 2015 and the dividend record date;
• Payment of remuneration for serving on the Board of Directors to members of the Board of Directors who are not civil servants in the amount stipulated in the Company’s internal documents;
• Payment of remuneration for serving on the Audit Commission to members of the Audit Commission who are not civil servants in the amount stipulated in the Company’s internal documents;
• Approval of the number of members of the Company’s Board of Directors;
• Election to the Company’s Board of Directors;
• Election of the Audit Commission (internal auditor) of the Company;
• Approval of the Company’s auditor.

The Board of Directors approved a list of candidates to be elected to the new Board at the Annual General Meeting of Shareholders; the list includes current members of Bashneft’s Board of Directors:

• Charles Watson, member of the Boards of Directors of Taipan Resources Inc. and KAZ Minerals Pls, independent director;
• Evgeny Guryev, Minister of Land and Property Relations of the Republic of Bashkortostan;
• Maurice Dijols, member of the Boards of Directors of C.A.T. oil AG and Ruspetro, independent director;
• Anthony Considine, Director of Considine Solutions Pty Ltd, independent director;
• Alexander Korsik, President, Chairman of the Management Board of PJSOC Bashneft;
• Rustem Mardanov, Prime Minister of the Government of the Republic of Bashkortostan;
• Viktor Orlov, President of Non-Governmental Organization Russian Geological Society;
• Vitaly Sergeychuk, Head of the Department of Property Relations and Privatization of Major Enterprises of the Federal Agency for State Property Management;
• Alexey Teksler, First Deputy Minister of Energy of the Russian Federation, Chairman of the Board of Directors of PJSOC Bashneft;
• Yury Shafranik, Chairman of the Board of Directors of CJSC Inter-State Oil Company Soyuzneftegaz.

In April this year, the Board of Directors is expected to consider other matters related to convening the Annual General Meeting of Shareholders of Bashneft, including approval of its agenda and the date of the meeting.