Board Recommends Dividends

24 April 2018

Tatneft Board of Directors recommended dividends for 2017

A regular meeting of the Board of Directors of PJSC Tatneft (the "Company") was held on 24 April 2018

In accordance with the dividend policy of the Company the Board of Directors recommended to the annual general meeting of shareholders to be held on 22 June 2018 to approve the dividends for 2017 (excluding the dividends of 27.78 Rubles per each preferred and ordinary share (2778% of par value) distributed for the 9 months of 2017) in the amount of 12 Rubles 16 kopecks per each preferred and ordinary share (1216% of par value). Therefore, the total amount of dividends for 2017, taking into account the interim dividends already paid, will total 39 Rubles 94 kopecks per each preferred and ordinary share (3994% of par value).

The Board of Directors of the Company also resolved to recommend to the annual general shareholders meeting of the Company to be held on 22 June 2018 to set 6 July 2018 as the record date on which the list of persons entitled to receive dividends will be drawn up

This press release contains inside information.

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