PJSC Tatneft : TATNEFT’s Board of Directors Made Decisions Related to the Annual General Meeting of the Shareholders

Pending the Annual General Meeting of the Company's Shareholders the Board of Directors considered two issues.

In accordance with the dividend policy adopted, the PJSC TATNEFT's Board of Directors recommended to the Annual General Meeting of the Shareholders to approve the distribution of profits, including the payment of dividends based on the operation results of 2021 determining the total amount of the dividend based on the results of the financial and economic activities of the Company for 2021 on preference and ordinary shares in the amount of 4,264% of the shares' nominal value (taking into account the paid interim dividends for 6 and 9 months of 2021 in the amount of 2,650% of the shares' nominal value) and paying dividends on the preference and the ordinary shares in cash within the time limits established by the current legislation of the Russian Federation in the amount of 1,614% of the shares par value.

It is proposed that the net profit remaining after the payment of dividends for 2021 shall be accounted for as undistributed.

The date for determining persons entitled to receive the dividends based on the operation results of 2021 is recommended to be set by the Annual General Meeting of the Shareholders on July 8, 2022. The dividends shall be paid in cash in accordance with legal requirements.

The Board of Directors also preliminarily approved the Integrated Annual Report of PJSC TATNEFT named after V.D. Shashin for 2021 and proposed it for the approval to the Annual General Meeting of the Shareholders.