In accordance with the Russian legislation Rosneft on November, 15 2016 submitted to Bashneft the mandatory offer for the acquisition of 55 466 137 Bashneft ordinary shares, comprising 37,52% of the total number of Bashneft ordinary shares. Previously the mandatory offer was reviewed by the Bank of Russia. The proposed acquisition price amounts to RUB 3 706.41 per Bashneft ordinary share (this evaluation corresponds to the parameters of the sale and purchase agreement for the government’s stake in Bashneft).

Information Policy Division
Rosneft Oil Company
Tel.: +7 (495) 411 54 20
Fax: +7 (495) 411 54 21
November 15, 2016

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