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Press Release - January 29, 2015

Tokyo, Japan - January 29, 2015

Bashneft and Yokogawa sign partnership agreement

On January 22 JSOC Bashneft and Yokogawa Electric Corporation signed a Long-Term Partnership Agreement
in the area of support of Ufa Refining Complex production facilities with Automatic Process Control Systems
(APCS) and Field Instrumentation/Process Control Instruments (FI/PCI). The document was signed by Alexander
Korsik, President, JSOC Bashneft and Shuzo Kaihori, Chairman and Chief Executive Officer, Yokogawa Electric
Corporation.
The Agreement concerns the broadening of cooperation between the companies in development and supply of
APCS systems and FI/PCI equipment; the design, start-up commissioning, and provision of technical support for
Yokogawa equipment; and the provision of consulting to Bashneft specialists.
"Bashneft is consistent in its policy for implementation of innovative technologies and support of production
facilities with modern automatic process control systems," noted Alexander Korsik, President of Bashneft. "This
Agreement is a result of many years of successful cooperation between Ufa refineries and Yokogawa, the
company that has significantly contributed to improvement of production efficiency and safety."
"We appreciate our long term successful partnership with Bashneft and would like to emphasize that Yokogawa
will fully support Bashneft's sustainable development", noted Mr. Shuzo Kaihori, Chairman and Chief Executive
Officer of Yokogawa Electric Corporation. He stated that Yokogawa wishes to jointly address all problems and
challenges with Bashneft, and will contribute by providing services and solutions that strengthen safety
management, increase availability and improve efficiency at Bashneft's plants.

About JSOC Bashneft

Bashneft is a vertically integrated company operating in more than 20 regions both in Russia and abroad. By the
results of FY2014, the company is ranked the 6th in terms of crude oil production (17.8 million tons) and the 4th
in terms of crude primary processing (21.7 million tons) among Russian oil companies. Bashneft is accountable
for more than 3.4% of overall oil production and nearly 7.6% of overall oil processing in Russia. Company's
proved reserves as of December 31, 2013 are estimated at 2.045 billion barrels by PRMS classification,
replacement rate of proved reserves in 2013 - 133.7%, years of reserves - 18.

About Yokogawa
Yokogawa's global network of 86 companies spans 56 countries. Founded in 1915, the US$4 billion company
conducts cutting-edge research and innovation. Yokogawa is engaged in the industrial automation and control
(IA), test and measurement, and other businesses segments. The IA segment plays a vital role in a wide range of
industries including oil, chemicals, natural gas, power, iron and steel, pulp and paper, pharmaceuticals, and food.
For more information about Yokogawa, please visit the company's website www.yokogawa.com.

Press Releases in January of 2015