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Rosneft Submitted a Mandatory Offer for the Acquisition of Bashneft Ordinary Shares from Minority Shareholders

15 November 2016

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

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 obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.