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Rosneft Submitted to the Bank of Russia a Mandatory Offer for the Acquisition of Bashneft Ordinary Shares from Minority Stockholders

28 October 2016

Moscow, October 28, 2016 – In accordance with the Russian legislation Rosneft today submitted to the Bank of Russia a mandatory offer for the acquisition of 55 466 137 Bashneft ordinary shares, comprising 37.52% of the total number of Bashneft ordinary shares.

In conformity with the procedure set by the law the Company will publish the content of the mandatory offer after the termination of the term provided by the statute for the preliminary review of the mandatory offer by the Bank of Russia. The maximum amount of Rosneft liabilities within the mandatory offer will not exceed RUB 206 bln.

Rosneft Information Division
Tel.: + 7 (499) 517-88-97
October 28, 2016

These materials contain statements about future events and expectations that are forward-looking in nature. Any statement in these materials that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements expressed or implied by such forward-looking statements to differ. We assume no obligation to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.