Rosneft and Bashneft inform that Bashneft Board of Directors has agreed the terms of amicable agreement with AFK Sistema and Sistema-Invest. The amicable agreement is signed by each party of the judicial dispute at the suit of recovery of damages related to Bashneft reorganization and is to send to the Commercial Court of Republic of Bashkortostan for approval.

According to the terms of the amicable agreement, Defendants obligate to recover the damages of 100 billion rubles inflicted to Bashneft. The attraction of financial resources for recovery of losses is being made by Defendants with the assistance of Russian Direct Investment Fund and Sberbank of Russia. The final accounts must be made up by 30th March 2018. The parties have agreed that they obligate to renounce any mutual claims after the full repayment of the referred sum.

Information Policy DivisionRosneft
tel.: + 7 (499) 517-88-97December 22, 2017

These materials contain statements about future events and expectations that are forward-looking in nature. Any statement in these materials 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. We assume no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.

OJSC Oil Company Rosneft published this content on 22 December 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 22 December 2017 18:29:08 UTC.

Original documenthttps://www.rosneft.com/press/releases/item/189265/

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