Loan Facility Agreed

​As a result of the ongoing coronavirus pandemic, the board of directors has resolved that additional measures should be taken to guarantee the future wages of our workforce. As a result, Rusneftegaz obtained a loan facility worth $25,0 million on 11 December 2020, secured with a charge on the Group's assets. The agreement bears no interest and will mature after five years. The proceeds of this loan have been approved to be isolated in an independent bank account, and are only to be used to pay the wages of salaries of employees if there are insufficient funds to otherwise meet these costs. The financial effects of the pandemic have affected our organization considerably and will result in revenues and profits being significantly below projections at the beginning of the year. However, said loaned funds are not expected to be utilized by the board of directors in the near-term, and remain solely as an emergency contingency.