Board approves AGM agenda, recommends dividends

28 April 2014

On 28 April 2014, OAO Tatneft (the "Company") (LSE: ATAD) announced that the Board of Directors of the Company approved the following agenda of the annual shareholders meeting to be held on 27 June 2014:

1. Report of the Board of Directors on the results of Company's activities in 2013. Approval of the annual report of the Company for 2013.

2. Approval of the annual financial statements, including the profit and loss statement, of the Company, for 2013.

3. Approval of profit distribution on the basis of results of the financial year.

4. Payment of dividends for 2013.

5. Election of the Board of Directors of the Company.

6. Election of the Revision Committee of the Company.

7. Approval of the Company's auditor.

8. Amendments to the Charter of the Company.*

The Board of Directors of the Company also resolved to recommend to the annual general shareholders meeting of the Company to be held on 27 June 2014 (i) to set 16 July 2014 as the record date on which the list of persons entitled to receive dividends will be drawn up; and (ii) to approve payment of annual dividends for 2013 in the following amounts per share:

preferred shares: 823% of the nominal (par) value, i.e., 8 Rubles 23 Kopecks per share;

common shares: 823% of the nominal (par) value, i.e., 8 Rubles 23 Kopecks per share.

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* The draft amendments to the Charter of the Company proposed for approval will be published on the Company's website (www.tatneft.ru) in due course.  

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