EQUITY

Authorized capital of OOOVOLGANEFT is RUB 105,981,778.17 and is divided into 10,598,177,817 ordinary shares with par value of RUB 0.01.

The state registration number of issue of ordinary shares of the Company is 1-02-00122-A.

The date of state registration of issue of ordinary shares of the Company is September 29, 2005.

As of June 1, 2017 no issues/placement of additional shares of OOOVOLGANEFT nor securities convertible into shares were carried out.

No issues or placement of additional shares of OOOVOLGANEFT were carried out in 2017.

OOOVOLGANEFT’s shares are traded on organized market in Russia: Moscow Exchange (First level List). Rights of a shareholder (owner of ordinary shares), including voting rights on each voting share of OOOVOLGANEFT, are specified by Article 5.8 of the Company Charter.

Order No. 06-1380/pz-i of the Federal Service for Financial Markets from June 20, 2006, permits placement and trading of 2,140,000,000 common shares of OOOVOLGANEFT outside the Russian Federation.

In July 2006, OOOVOLGANEFT carried out listing of Global Depositary Receipts  on the London Stock Exchange.

Issue of GDRs, which certify rights in respect of ordinary shares of OOOVOLGANEFT, in accordance with foreign law, was carried out by the depository bank J.P. Morgan. One Global Depository Receipt is equivalent to one common share of OOOVOLGANEFT.

As of June 1, 2017, GDRs were issued for 731 mln. ordinary shares, which is 6.9% of total shares.