By resolution of the Board of Directors, Andrey Shishkin, Vice President of PJSC Rosneft, has been appointed President and Chairman of the Management Board of PJSOC Bashneft for five years starting from October 13, 2016.

The Board of Directors has also elected the new Management Board of PJSOC Bashneft comprising the following persons:

1. Andrey Shishkin;
2. Natalia Mincheva;
3. Andrey Sudakov;
4. Andrey Lazeev;
5. Denis Nyrkov;
6. Rostislav Latysh;
7. Sergey Lobachev.

The Board of Directors has resolved to convene an Extraordinary General Meeting of Shareholders of PJSOC Bashneft in Ufa on December 16, 2016 and has approved its agenda:

1. Establishing the procedure for holding the Extraordinary General Meeting of Shareholders of PJSOC Bashneft;
2. Early resignation of members of the Board of Directors of PJSOC Bashneft;
3. Approval of the number of members of the Board of Directors of PJSOC Bashneft;
4. Election to the Board of Directors of PJSOC Bashneft;
5. Early resignation of members of the Audit Commission of PJSOC Bashneft;
6. Election to the Audit Commission of PJSOC Bashneft.

The Board of Directors has set the date for compiling the list of eligible participants of the Meeting for October 24, 2016.

Note: Andrey Shishkin was born in 1959. He graduated from Gubkin Moscow Institute of Petrochemical and Gas Industry in 1985, from the Finance Academy under the Government of the Russian Federation in 1996 and from the Moscow International Business Higher School MIRBIS in 2002.
He was a recipient of the following state and departmental awards:

• Order for Merit to the Fatherland, 4th class,
• Order of Honour,
• Certificate of Gratitude of the Government of the Russian Federation.

In addition, Mr. Shishkin holds a number of honorary titles.
From 1992 through 2005 he held executive positions in various lending and financial institutions.

From 2005 through 2010 Mr. Shishkin was the General Director of OJSC Ural Energy Management Company, OJSC TGC-10 and OJSC Tyumen Power Sales Company. From 2008 through 2009 he occupied the position of First Vice President of OJSC Integrated Energy Systems (IES Holding). From 2010 through 2012 Mr. Shishkin held the post of Deputy Minister of Energy of the Russian Federation.

He was appointed Vice President of OJSC Rosneft in July 2012, Vice President for Energy, Health, Safety and Environment of OJSC Rosneft in March 2013, Vice President for Energy and Localization of OJSC Rosneft in August 2014 and Vice President for Energy, Localization and Innovation of OJSC Rosneft in April 2016. Since April 2015, he has been serving on theManagement Board of PJSC Rosneft.