Fitch Ratings Affirmed Tatneft’s Credit Rating at “BBB-“ with a Stable Outlook

Upon the credit rating affirmation, the agency’s analysts mentioned, amongst others, low debt levels of Tatneft, significant production volumes and a high reserve life, supporting high credit quality of the Company. Fitch Ratings’ press-release relating to the affirmation of Tatneft’s credit rating is available at https://www.fitchratings.com*

* PJSC Tatneft is not responsible for technical functioning, relevance and content of third party websites.

Forward-looking statements: This press-release contains certain statements about future events and expectations that are forward-looking in nature. Any statement in this press-release that is not a statement of 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.

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