Tatneft : Fitch affirmed Tatneft’s credit rating at BBB- with stable outlook

Fitch Ratings has affirmed the international credit rating of Tatneft based on its scale at BBB- with the stable outlook.

While affirming the rating the agency's analysts mentioned, inter alia, Tatneft's low debt level, substantial extractive activities and large oil reserves, ability to finance investment program and other obligations, including with respect to shareholders, from the operating cash flows. Fitch Ratings' press-release relating to the affirmation of Tatneft's credit rating is available at https://www.fitchratings.com *

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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.