17 May 2022
Tatneft obtained a permission to continue the ADR program
Pursuant to part 9 of Article 6 of the Russian Federal Law No. 114-FZ of 16 April 2022 "On amendments to the Federal Law "On Joint Stock Companies" and certain other legislative acts of the Russian Federation" PJSC Tatneft (the "Company") obtained the permission from the Government Commission on Monitoring Foreign Investment in the Russian Federation to continue the circulation of its American depositary receipts (ADRs), ISIN US8766292051, outside of Russia. Therefore, the Company is not required to terminate the related ADRs program pursuant to the deposit agreement between the Company, Citibank N.A. as Depositary and owners and beneficial owners of the ADRs. The rights and obligations of the ADR holders remain subject to requirements of applicable laws.
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