Pursuant to the Federal Law on Joint Stock Companies, as decided by the General Shareholders Meeting, the members of the Company's Board of Directors for the period of their official duty are entitled to remuneration and compensation of expenses related to performance of their official duties. The amount of such remuneration and compensation shall be established by the resolution of the General Shareholders Meeting.

Remuneration establishment criteria

The criteria for establishing remuneration to the members of the Board of Directors are stipulated by  Rosneft Regulation on Payment of Remuneration and Compensation of Expenses of the Members of Rosneft Board of Directors, as approved by the Board of Directors on  09.04.2015 (Minutes No. 28 dated 10.04.2015, as amended by the resolution of the Company’s Board of Directors as of 19.06.2017, Minutes No. 29 dated  22.06.2017 and by the resolution as of  31.03.2020, Minutes No. 19 dated 03.04.2020), which are posted in the Investors Section of the Company's website.

Remuneration shall be paid to the members of the Board of Directors proportionately with their term of tenure as the BoD members (the period of discharging the functions of the Chairman of the Board of Directors and/or Committee member and/or Committee Chairman).

No remuneration shall be paid to the member of the Board of Directors, who attends less than 2/3 of duly constituted meetings of the Board of Directors and/or its Committees.

In accordance with the effective RF legislation, no remuneration shall be also paid to:

• members of the Board of Directors who are government officials and/or individuals restricted or prohibited by federal laws to be remunerated in any form by commercial organizations;
• the sole executive body of the Company, or members of the collegial executive body of the Company (executive directors).

To ensure efficient performance of the members of the Board of Directors and based on the Regulation, the BoD members shall be reimbursed for their expenses incurred in relation to discharging of their functions. The list of reimbursable expenses and reimbursement conditions is also provided by the Regulation.