Tatneft : Expert RA Credit Rating Agency Has Affirmed PJSC TATNEFT's ruAAA Credit Rating

Expert RA credit rating agency has affirmed the credit rating of PJSC TATNEFT at ruAAA level with a stable outlook today. Expert RA's ruAAA credit rating is the highest on the national scale and it reflects the maximum level of creditworthiness, financial reliability and stability based on the agency's view.

When confirming the credit rating, Expert RA mentioned the strong business profile of the TATNEFT Group due to its significant crude oil production potential supported by the Company's significant resource base; high efficiency of the oil refining segment, as well as a low level of debt load and high profitability. The full text of Expert RA press release in connection with the confirmation of PJSC TATNEFT's credit rating is available on the agency's website at: https://raexpert.ru/releases/2020/apr14c

Forward-looking statements: This press release contains certain statements regarding future events and expectations, which are forward-looking in nature. Any statement in this press release that is not a historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors that could cause actual results, performance or achievements expressed or implied by such forward-looking statements to differ materially. PJSC TATNEFT shall assume no obligation to update such forecasts to reflect actual results, changes in assumptions or changes in factors affecting these statements.