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

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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