Equity structure

Ordinary and preferred shares of OAO TATNEFT are listed on the following stock markets:

• OAO RTS Stock Exchange: «A1» (ordinary shares), «A2» (preferred shares);
• ZAO MICEX Stock Exchange: «A» of the first level (ordinary and preferred shares).

Global depositary receipts of the Company are included into the listing of the London Stock Exchange (ATAD symbol) and are traded on Xetra trade system, which is a part of the Deutsche Börse AG Group.

According to the results of RTS bidding by the end of December 2009 the cost of the ordinary shares of OAO TATNEFT reached $4,55. The market capitalization of the Company amounted to RUR 300 billion ($9,913 billion) by the end of 2009. Hence, the company saw the growth of 153%, compared to 2008.

ОАО TATNEFT stock trade volumes amounted to 65.9 billion rubles at the MICEX Stock Exchange and over $30 million at RTS.

In order to keep the shares liquidity level and increase the capitalization rate growth the company is working on the improvement of its corporate and capitalization management systems.

The Register of TATNEFT shareholders contained over 52 thousand shareholders as of December 31, 2009. The largest Company shareholders (nominees) among them are:

• Open Joint-Stock Company Central Depositary of the Republic of Tatarstan (OAO CDRT):33.6% (the nominee);
• ING BANK (EURASIA) (Closed Joint-Stock Company):31,4% (the nominee).

651,968,260 ordinary shares or 29.9% ordinary shares of the equity were deposited for conversion into American Depositary Receipts (ADR) (the conversation ratio: 1DR: 20 shares was changed to 1 DR: 6 shares in 2009).