3Q Results to Be Published on Dec 15

14 December 2010

OAO Tatneft will publish its consolidated interim condensed financial statements for the nine months of 2010 on December 15, 2010.

On December 15, 2010 OAO Tatneft will publish on its web-site (http://www.tatneft.ru/eng) the reviewed consolidated interim condensed financial statements for the nine months of 2010 prepared in accordance with U.S. GAAP and related Management Discussion and Analysis of Results of Operations.

The Company's representatives will discuss the U.S. GAAP financial highlights for nine months of 2010 on a conference call on December 16, 2010 at 12.00 PM Moscow time, 09:00 AM GMT.

To participate in the conference call please dial the following numbers: in the United Kingdom +44 (0)20 3140 8286, in the USA +1 718 354 1152, in Russia +7 495 705 9451; using PIN 6450706.

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.