Information on Payment of Annual Dividends

Information on Payment of Annual Dividends for 2011

26 September 2012

On 26 September 2012 OAO Tatneft made certain Russian statutory disclosures in relation to payment of annual dividends for 2011 disclosing that:

a) Total amount of dividends payable on preferred shares is 1 044 360 180 Rubles; dividends payable on one preferred share is 7 Rubles 8 Kopecks (708% of par value); and

b) Total amount of dividends payable on ordinary shares is 15 425 130 156 Rubles; dividends payable on one ordinary share is 7 Rubles 8 Kopecks (708% of par value).

The period for payment of dividends was set to expire on 27 August 2012. Dividends shall be paid in cash.

a) Total amount of dividends paid on preferred shares is 1 039 119 894 Rubles 28 Kopecks; dividends paid on one preferred share is 7 Rubles 8 Kopecks (708% of par value); and

b) Total amount of dividends paid on ordinary shares is 15 415 270 911 Rubles 60 Kopecks; dividends paid on one ordinary share is 7 Rubles 8 Kopecks (708% of par value).

As of 26 September 2012, the total amount of unpaid dividends (caused by failure of shareholders to provide accurate and complete information and data required to transfer and receipt of dividends) was 15 099 530 Rubles 12 Kopecks.

Forward-looking statements: 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. OAO Tatneft assumes no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.