Board Approves AGM Agenda

28 April 2017

On 27 April 2017 PJSC Tatneft (the "Company") (LSE: ATAD) announced that the Board of Directors of the Company approved, inter alia, the following decisions:

The Board approved agenda of the annual shareholders meeting to be held on 23 June 2017:

1. Approval of the annual report of the Company for 2016.

2. Approval of the annual financial statements of the Company for 2016.

3. Approval of profit distribution (including payment of dividends) based on the results of the reported year.

4. Election of the Board of Directors of the Company.

5. Election of the Revision Committee of the Company.

6. Approval of the Company's auditor.

7. Approval of the new version of the Charter of the Company.

8. Approval of the new version of the Regulation of the Company on conducting General Meetings of Shareholders.

9. Approval of the new version of to the Regulation of the Company on the Board of Directors.

10. Approval of the new version of the Regulation of the Company on the General Director.

11. Approval of the new version of the Regulation of the Company on the Management Board.

The Board resolved to recommend to the annual general shareholders meeting of the Company to be held on 23 June 2017 to set 7 July 2017 as the record date on which the list of persons entitled to receive dividends will be drawn up.

The Board also approved:

1. Regulation of the Company on Information Policy; and

2. Regulation of the Company on Providing Information to the Shareholders of the Company.

This material contains inside information.

Forward-looking statements: This announcement may contain certain forward-looking statements of PJSC Tatneft. PJSC Tatneft does not guarantee occurrence of any events mentioned in such statements as well as term of their occurrence.