Rosneft BOD Held a Scheduled Meeting

Rosneft Board of Directors considered a range of issues relating to the Company’s activities at a meeting on October, 1.

The Board of Directors resolved on the early termination of office by the members of the Company’s Management Board Rashid Sharipov and Nail Mukhitov. According to Rosneft Charter and Regulation on the Collegial Executive Body of OJSC Oil Company Rosneft, the Board of Directors approved the 11-member body of the Company’s Management Board and appointed a new member - Vasiliy Yurchenko, Acting Vice President - Head of Rosneft Security. The Board also gave its endorsement for the Management Board members’ concurrent service at management bodies of other organizations.

Board of Directors introduced amendments to the provision on the annual bonus payments to the top management and heads of Rosneft autonomous structural units, aimed at the enhancement of management’s responsibility for its official duties performance within the reporting period.

Board of Directors also endorsed a number of interlinked related party transactions.

Rosneft
Information Division,
October 2, 2015

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