Tatneft's Production Results

11 August 2016

PJSC Tatneft disclosed the following production results:

In July 2016 Tatneft Group produced 2,410,554 tonnes of crude oil (104.6% compared to July 2015), including 2,380,933 tonnes (104.6% compared to July 2015) by PJSC Tatneft and 29,621 tonnes (100.7% compared to July 2015) by subsidiaries. Total crude oil production by the Group in the first 7 months of 2016 (January-July, inclusive) was 16,318,171 tonnes (104.9% compared to the same period of 2015), including 16,120,222 tonnes (104.8% compared to the same period of 2015) by PJSC Tatneft and 197,949 tonnes (111.6% compared to the same period of last year) by subsidiaries.

TANECO refinery complex processed 740.5 thousand tonnes of crude oil (825.6 thousand tonnes of total feedstock) in July 2016, 5,084.5 thousand tonnes of crude oil (5,562.2 thousand tonnes of total feedstock) in January-July 2016, and produced 785.2 thousand tonnes of refined products in July 2016, 5,340.1 tonnes of refined products in January-July 2016.

This material contains inside information.

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 a 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. PJSC 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