At its October 3, 2011, meeting, the Board of Directors of JSOC Bashneft voted to call an extraordinary general meeting of shareholders of the company in joint presence on November 21, 2011.

The agenda for the shareholders’ meeting is deliberation and decision-making on the new version of the chart of JSOC Bashneft. Changes to the charter have been proposed to bring that document into conformance with requirements in legislation of the Russian Federation on charters. The requirements regulate the manner in which the number of authorized shares of the company is determined.

The list of persons having the right to participate in the extraordinary general meeting of shareholders of JSOC Bashneft have been compiled from the registry of holders of nominal securities of the company on October 5, 2011.

In addition to calling the shareholders meeting, the Board of Directors approved several internal documents of the company, all in new versions: the Code of Corporate Conduct of JSOC Bashneft, the Code of Ethics of JSOC Bashneft, the Anti-Corruption Policy of JSOC Bashneft, and the regulations On the Information Policy of JSOC Bashneft, On the Corporate Secretary of JSOC Bashneft, and On Incentives for Employees of JSOC Bashneft.