Name (patronymic) and surname of the person performing transaction

Reasons for assuming the obligation to give notice

Issuer’s name

ОАО Tatneft

Description of the financial instrument (security)

Ordinary shares

Preferred shares

ADR/GDR

other (please specify)

Essence of the operation (sale or purchase)

Sale

Purchase

other (please specify)

Date and place of the transaction

/day/month/year/

/city/country/

In case the transaction goes through a stock exchange, the name of the exchange (trade organizer) where the transaction was completed

RTS

MICEX

London Stock Exchange

other (please specify)

Price (value) and size of the transaction/currency of the transaction

Rubles

US dollars

Euro other (please specify)

Number of securities subject to the transaction

% of total amount (number) of such financial instrument

Date of giving the notice

/day/month/year/

Signature of the person giving the notice


2.1 Insider information		Prior to official disclosure, any material non-public information (irrespective of whether it is positive or negative) about the financial and business operations of OAO Tatneft and its subsidiaries, which is available to those having access thereto, is not a commercial secret of OAO Tatneft and is not included in the Consolidated List of Information Comprising the Commercial Secrets of OAO Tatneft, that is approved from time to time by OAO Tatneft General Director, and which, most likely, may influence the decision making by a sophisticated investor on investments into OAO Tatneft securities (their acquisition, sale or holding) and accordingly have a significantly material affect on the value (quotation) of OAO Tatneft securities and/or place a person holding such information in a beneficial position with respect to other persons at the securities market, including (but not limited to) information about:


		– Dividends (including the pre-planned payments of dividends or their amount);


		– Repurchase of OAO Tatneft securities, splitting or consolidation of OAO Tatneft securities;


		– Making amendments to the terms and conditions of circulation of OAO Tatneft securities;


		– Reorganization (including merger, takeover, splitting, separation, transformation) of joint ventures and negotiations thereof;


		– Acquisition or sale of shares of other companies or of their assets (including the rights to exploration and/or development of deposits), and negotiations thereof;


		– Bankruptcy, measures to resume financial solvency, rehabilitation, financial restructuring, court filing for


		insolvency, introduction of external management and/or supervision, the progress in consideration such filings and the results of the consideration, bankruptcy proceedings;


		– Commencement, implementation and results of any inspections or investigations by government authorities/government bodies (including tax authorities);


		– Commencement, proceeding and results of material court trials and arbitration proceedings;


		– Forecast and confirmed business and financial results under Russian and international financial accounting standards (including the U.S. generally accepted accounting principles – U.S. GAAP);


		– Delays in publications and/or forwarding to regulators financial and operational statements (including annual, semi-annual, quarterly and other interim statements) under Russian or international standards (including the U.S. generally accepted accounting principles – U.S. GAAP);


		– Replacement of auditor(s), refusal of the auditor to confirm financial statements under Russian or international standards (including the U.S. generally accepted accounting principles – U.S. GAAP), auditor’s refusal from obligation to conduct audit of financial statements, withdrawal or invalidity of any audit opinion or statement that OAO Tatneft should no longer rely on the auditor’s opinion;


		– Hydrocarbon reserves, including the results of their appraisal by an independent consultant;


		– Issuance, suspension or cancellation of licenses for the exploration, development and production of hydrocarbons and pursuing other production activities;


		– Attracting investments or borrowings, their early repayment (prepayment), declaring an inability to fulfill an obligation (default);


		– Regulations and other acts of government and municipal authorities affecting OAO Tatneft;


		– Subject to disclosure under the requirements of Russian or foreign laws, Russian and foreign exchanges (trade organizers) prior to its official disclosure in the due course of law;


		– Available for publication (placement) in the mass media (including electronic) as an announcement, articles, ratings, reviews, interviews; and other information for the mass media prior to its publication (placement).


2.2 Publicly available information		Information widely and publicly released in a way that makes such information available to any person and whose


		possession is not related to any restrictions or preferences. Rumors and speculations, including those reproduced by the mass media, are not considered publicly available information.


2.3 Persons having an access to insider information		а) persons included in OAO Tatneft insiders’ list (as specified by clause 3.1) as of the relevant date;


		b) the following persons, irrespective of their inclusion in OAO Tatneft insiders’ list:


		1) General directors (one-man management bodies) of OAO Tatneft and its subsidiaries;


		2) Members of the board of directors of OAO Tatneft and its subsidiaries;


		3) Members of the committees under OAO Tatneft board of directors;


		4) Secretaries of the board of directors of OAO Tatneft and its subsidiaries and committees under OAO Tatneft board of directors;


		5) Members of management boards of OAO Tatneft and its subsidiaries;


		6) Members of the audit committee of OAO Tatneft and its subsidiaries;


		7) Senior managers of branches and representative offices of OAO Tatneft and its subsidiaries;


		11) Other employees of OAO Tatneft and its subsidiaries having access to insider information due to their functional duties;


		12) Spouses and children of each of the aforementioned persons living together in the same household with them, any entities controlled by them, companies, partnerships, societies and trusts they or their families are controlling or whose beneficiaries they are;


		13) Any relatives and other persons with whom the aforementioned persons have lived together in the same household during the past 12 months;


		14) Any organizations (companies) where the aforementioned persons or their related persons are members of the board of directors, management board or senior officials and who have decision making powers influencing the financial and business operations of such organization;