7 April 2016

FY 2015 Operational and Financial Results

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DISCLAIMER

The information contained herein pertaining to SIBUR (the "Company") has been provided by the Company solely for use at this presentation. By attending this

presentation, or by reading these presentation slides, you agree to be bound by the limitations set out below. This presentation does not constitute or form part of,

and should not be construed as, an offer, solicitation or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of the

Company, nor shall any part of it nor the fact of its distribution form part of, or be relied on in connection with, any contract or investment decision relating thereto.

No representation or warranty, either express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness, correctness or

reliability of the information contained herein. It should not be regarded by recipients as a substitute for the exercise of their own judgment. The Company accepts

no responsibility for any losses howsoever arising, directly or indirectly, from this presentation or its contents. The material contained in this presentation is

presented solely for information purposes and is not to be construed as providing investment advice. As such, it has no regard to the specific investment objectives,

financial situation or particular needs of any recipient. There may be material variances between estimated data set forth in this presentation and actual results, and

between the data set forth in this presentation and corresponding data previously published by or on behalf of the Company.

This presentation contains forward-looking statements, including (without limitation) statements containing the words "anticipates," "expects," "intends," "may,"

"plans," “forecasts,” "projects," "will," "would", "targets,“ “believes” and similar words. These statements are based on the current expectations and projections of the

Company about future events and are subject to change without notice. All statements, other than statements of historical fact, contained herein are forward-looking

statements. Forward-looking statements are subject to inherent risks and uncertainties, such that future events and actual results may differ materially from those

set forth in, contemplated by or underlying such forward-looking statements. The Company may not actually achieve or realize its plans, intentions or expectations.

There can be no assurance that the Company's actual results will not differ materially from the expectations set forth in such forward-looking statements. Factors

that could cause actual results to differ from such expectations include, but are not limited to, the state of the global economy, the ability of the petrochemical sector

to maintain levels of growth and development, risks related to petrochemical prices and regional political and security concerns. The above is not an exhaustive list

of the factors that could cause actual results to differ materially from the expectations set forth in such forward-looking statements. The Company and its Affiliates

are under no obligation to update the information, opinions or forward-looking statements in this presentation.

2

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3

Collapsed prices for oil (-47.3% y-o-y in USD terms) and majority of

derivative products (incl. LPG and naphtha)

Negative dynamics in international market prices for majority of

petrochemical products

Substantial RR depreciation against USD and EUR

RR on average lost 37.0% and 25.0% y-o-y of its value relative to

USD and EUR, respectively

3.7%(1) y-o-y GDP decline in Russia; decelerating GDP growth in

China (6.9% y-o-y); resumed growth in EU GDP (1.8% y-o-y) and

sustained growth in US GDP (2.4% y-o-y)

Accelerating inflation in Russia (CPI of 15.9% y-o-y and PPI of 10.6%

y-o-y in 2015)

Indexation of railway tariffs in Russia

10% tariff indexation by FTS(1) effective January 2015

13.4% increase in tariffs by the Russian Railways for LPG

deliveries to export markets effective August 2014

13.4% increase in tariffs by the Russian Railways for export

deliveries for all types of products effective January 2015

KEY HIGHLIGHTS

External Environment SIBUR Key Developments

China Petrochemical Corporation (“Sinopec Group”) acquired

10% in SIBUR (December 2015)

SIBUR sold Ust-Luga terminal to a consortium comprising RDIF and

international investors; access to the terminal secured with long-term

transshipment contract (November 2015);

Avg. capacity utilisation rate of PP production site in Tobolsk up to

76% in 2015 from 53% in 2014

Expansion and modernisation of Vyngapurovskiy GPP, expansion to

4.2 from 2.8 bcmpa of APG (March 2016)

Gazprom Neft and SIBUR commissioned Yuzhno-Priobskiy GPP

with processing capacity of 900 mcmpa of APG (September 2015)

External ZapSibNeftekhim (ZapSib-2) funding secured:

USD 1.96 bln from the NWF(2) and RDIF

EUR 2.1 bln Hermes and Coface ECA-backed financing

CapEx budget for 2016 expected at RR 147.5 bln; to be reviewed by

the BoD during the year

SIBUR placed RR 10 bln bonds with 10.5% pa coupon rate, tenor of

10 years and put option in 5 years (March 2016)

(1) Preliminary data.

(2) National Wealth Fund.

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FY 2015 KEY OPERATIONAL AND FINANCIAL HIGHLIGHTS

Operational

Results

APG processing volumes increased by 3.0% to 21.5 bcm

Raw NGL fractionation volumes increased by 23.1% to 7.8 mt(1)

LPG production increased by 27.1% to 6.5 mt(1)

Petchem production increased by 13.0% to 6.9 mt

PP production increased by 30.6% to 516 kt

Petchem sales volumes increased by 15.2% to 2.6 mt

Financial

Results

Revenue reached RR 379.9 bln, increasing by 18.9%(2)

EBITDA reached RR 135.6 bln, increasing by 32.0%, EBITDA margin up to 35.7% from 32.2%(3)

Petchem EBITDA increased 2.8x, petchem EBITDA margin up to 31.4% from 14.6%

Net cash from operating activities totaled RR 119 bln

Net Cash used in investing activities totaled RR 122 bln

CapEx totaled RR 84.4 bln(4), ZapSib-2 financing totaled RR 43.2 bln

Net Debt to EBITDA at 2.10x as of 31 Dec’15 vs. 1.74x as of 31 Dec’14

(1) Including volumes under processing arrangements.

(2) Revenue for 2014 adjusted for naphtha trading operations. Revenue including naphtha trading operations in 2014 increased by 5.2%.

(3) Adjusted for estimated value of naphtha trading operations via Ust-Luga, ceased in 2015.

(4) Includes purchase of property, plant and equipment, intangible assets and other non-current assets.

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5

ZAPSIBNEFTEKHIM (ZAPSIB-2) CAPEX AND FUNDING UPDATE

Project Residual Budget for 2016-2020(1)

USD 7.2 billion *

US dollars

35%

Euro

30%

Russian roubles

35%

Funding Sources Project Budget

SIBUR own funds

50%

NWF and RDIF(2)

US dollars

25%

ECA(3)

Euro

25%

(1) Data as of 31 December 2015. Numbers and respective percentages calculated based on exchange rates as of 31 December 2015; RR / USD at 72.9, RR / EUR at 79.7.

(2) Cash balances as of 31 December 2015.

(3) Undrawn amount.

Project Overview

Greenfield construction of ethylene cracking unit and polyolefin

production complex in Tobolsk within the SIBUR’s Tobolsk

petrochemical hub

Configuration:

Cracking unit: 1.5 mtpa of ethylene, 500 ktpa of propylene,

100 ktpa of crude C4 (licensor: Linde AG; EP-contractor: Linde

AG)

PE production units: 1.5 mtpa of PE (licensor: INEOS; EP-

contractor: Technip)

PP production unit: 0.5 mtpa of PP (licensor: LyondellBasell; EP-

contractor: ThyssenKrupp)

Potential to be signed in RR

HDPE and LLDPE Spreads to Feedstock

USD per tonne

0

500

1,000

1,500

2,000

2,500 PE CFR China - LPG spread LPG, West Europe, CIF NWE

PE HDPE Blow Moulding CFR China PE LLDPE Film CFR China

Progress Update as of 1 March 2016, %

7

26

47

100

Construction

Procurement

Detail Engineering

FEED

Overall progress: 19%

* - estimate as of 31 December 2015

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DOMESTIC MARKET CONSUMPTION

Source:

(1) Market Report, Kortes, Alliance analytics, Customs statistics.

+10.8%

(0.6%)

(7.9%)

+13.9%

(17.0%)

Change in Domestic Consumption, % Import Substitution, kt

Δ domestic consumption

Imports replaced

PP

LDPE

PET

MEG

EPS

101.3 122.7 21.4

(3.2)

11.9 15.1

(46.8)

55.4 102.2

Additional room for local

supply

44.4 50.4 6.0

(25.0)

4.0 29.0

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38.4

61.0

2014 2015

99.4

52.5

2014 2015

5.8%

10.6%

2014 2015

0.6%

(3.7%)

2014 2015

11.4%

15.9%

2014 2015

MACRO ENVIRONMENT

Russian GDP Growth(1) Consumer Price Index (y-o-y)(1) Producer Price Index (y-o-y)(1)

Average Exchange Rate(3) Average Oil Price (Brent)

Source:

(1) Russian Federal State Statistics Service

(2) Preliminary Data

(3) CBR

+58.7%

RR / USD

32.7

56.3

72.9

31 Dec'13 31 Dec'14 31 Dec'15

EOP Exchange Rate(3)

RR / USD

+71.9%

+29.5%

(2)

USD per bbl

(47.3%)

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8

PRICING ENVIRONMENT(1)

Source: Argus, Platts, Bloomberg, ICIS, Chemease, Malaysian Rubber Board, Federal Tariff Service of Russian Federation

(1) For detailed market data statistics please refer to Appendix. Prices quoted in EUR or RR are converted to USD at average FX rates for the respective periods.

0.4

0.8

1.2

1.6

2.0

2.4

2014 2015

Natural rubber Butadiene Styrene

0.02

0.04

0.06

0.08

0.10

0.2

0.4

0.6

0.8

1.0

1.2

2014 2015

Brent NaphthaLPG CIF ARA (large) MTBELPG DAF Brest Natural gas (RHS)

(27.1%)

(41.6%)

(20.7%)

(32.3%)

0.8

1.0

1.2

1.4

1.6

1.8

2.0

2014 20152-ethylhexanol Expandable polystyrene

MEG Butyl acrylate

PET

1.0

1.2

1.4

1.6

2014 2015

PP LDPE

Energy Products Basic Polymers

(47.3%) (44.8%) (19.0%)

(26.5%)

Synthetic Rubbers Plastics & Organic Synthesis

(24.6%)

(15.8%)

(30.0%)

(23.7%)

(33.1%)

’000 USD per tonne (avg. for the period)

’000 USD per thousand cubic metres of natural gas (avg. for the period)

’000 USD per tonne (avg. for the period)

’000 USD per tonne (avg. for the period)

’000 USD per tonne (avg. for the period)

(34.6%)

(49.0%) (51.3%)

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PRICING ENVIRONMENT IN RR TERMS(1)

Source: Argus, Platts, Bloomberg, ICIS, Chemease, Malaysian Rubber Board, Federal Tariff Service of Russian Federation

(1) For detailed market data statistics please refer to Appendix. Prices quoted in EUR or RR are converted to USD at average FX rates for the respective periods.

20.0

40.0

60.0

80.0

100.0

2014 2015

Natural rubber Butadiene Styrene

0.00

1.00

2.00

3.00

4.00

10.0

20.0

30.0

40.0

50.0

2014 2015

Brent NaphthaLPG CIF ARA (large) MTBELPG DAF Brest Natural gas (RHS)

+15.6%

(7.4%)

+25.8%

+7.4%

40.0

50.0

60.0

70.0

80.0

90.0

2014 20152-ethylhexanol Expandable polystyrene

MEG Butyl acrylate

PET

20.0

40.0

60.0

80.0

100.0

2014 2015

PP LDPE

Energy Products Basic Polymers

(16.3%) (12.4%)

+28.6%

+16.6%

Synthetic Rubbers Plastics & Organic Synthesis

+19.6%

+33.6%

+11.1%

+21.0%

+6.1%

+3.8%

(19.2%) (22.7%)

’000 RR per tonne (avg. for the period) ’000 RR per tonne (avg. for the period)

’000 RR per tonne (avg. for the period) ’000 RR per tonne (avg. for the period)

’000 RR per thousand cubic metres of natural gas (avg. for the period)

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EBITDA DYNAMICS AND STRUCTURE

EBITDA Dynamics

Increase in EBITDA by 32.0% y-o-y to RR 135.6 bln on

a threefold increase in Petchem segment EBITDA due to

(i) lower feedstock costs for petchem production on the back

of declining prices for energy products, and

(ii) ramp up of PP production in Tobolsk

…despite lower F&E EBITDA on negative dynamics of the

international energy products prices

EBITDA and EBITDA Margin by Segment

RR bln

2015 2014

– EBITDA margin x%

(1) Adjusted for estimated value of naphtha trading operations via Ust-Luga, ceased in 2015.

135.6

(2.4)

58.9

79.1

102.8

(6.4)

20.8

88.3

Total EBITDAUnallocatedPetchemF&E

41.8%(1)

37.1%

14.6%

31.4%

32.2%(1)

35.7%

102.8

135.6

(9.2)

+38.1 +3.9

EBITDA2014

F&E Petchem Unallocated EBITDA2015

+32.0%

RR bln

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8.5

4.5

2014 2015

285.6 276.2

2014 2015

361.0 379.9

2014 2015

11

9.4

6.2

2014 2015

(33.7%)

(46.6%)

2.7 2.2

2014 2015

(16.8%) 2.4

2.0

2014 2015

(17.6%)

SIBUR FINANCIAL SUMMARY(1)

EBITDA

EBITDA

Operating Cash Flow

Operating Cash Flow

Revenue Investing Cash Flow(3)

Investing Cash Flow(3)

102.8 135.6

2014 2015

+32.0%

RR bln

USD bln

RR bln +5.2%

USD bln USD bln USD bln USD bln

(3.3%)

RR bln

Ru

ssia

n R

ou

ble

s

US

D E

qu

iva

len

ts

(ill

ustr

ati

ve

)

Revenue

2.5 2.0

2014 2015

(21.2%)

Net Operating Expenses(2)

Net Operating Expenses(2)

(1) Values in USD estimated based on average RR/USD rate of 60.9579 and 38.4217 in 2015 and 2014, respectively.

(2) Operating expenses before equity-settled share-based payment plans.

(3) Includes CapEx and M&A.

91.1

2014 2015

+30.8%

RR bln

119.1

97.4

121.7

2014 2015

+25.0%

RR bln

– Naphtha trading operations via Ust-Luga – Payments for Yugragazpererabotka acquisition

+18.9%

(25.2%)

+13.2%

(38.8%)

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132.5 175.8

2014 2015

217.2 186.5

2014 2015

361.0 379.9

2014 2015

12

22

11

8 8

17

13

9 7 5

REVENUE STRUCTURE AND DYNAMICS

56

30

8 5 1

Asia

Europe

CIS Other

Russia %

By region Revenue Split by Region Revenue Split by Product

2015

%

2015

RR bln

Total Revenue

+5.2%

(14.1%)

+32.7%

RR bln

Energy Products Petrochemical Products

RR bln

Intermediates and

other chemicals

LPG

Naphtha

Natural gas

Basic polymers

Synthetic rubbers

Plastics and organic

synthesis products

MTBE, raw NGL

and other fuels

Processing services

and other sales

+18.9%

+6.2%

– Naphtha trading operations via Ust-Luga

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2,387

1,229

2014 2015

13

KEY ENERGY PRODUCTS: SALES VOLUMES AND PRICE DYNAMICS

Sales volumes, ’000 tonnes

Change in effective avg. selling price, %

Sales volumes,’000 tonnes

Change in effective avg. selling price, %

Key Factors

LPG:

Higher sales volumes on

organic growth in production following the launch of integrated feedstock

processing and transportation infrastructure

Lower selling prices largely attributable to

substantial decrease in market prices across all products (in USD terms)

…partially compensated by substantial RR depreciation, expanded sales to

the European markets and zeroed export duties

Natural gas:

Higher sales volumes due to consolidation of 100% production at GPPs of

Yugragazpererabotka following its acquisition

Higher selling price on average 3.7% y-o-y indexation of regulated prices

Naphtha:

Lower sales volumes on termination of trading activities via Ust-Luga in 2015

Lower selling prices attributable to decrease in market prices (in USD terms),

partially compensated by substantial RR depreciation and lower export duties

Naphtha

(11.3%)

(48.5%)

Trading operations via Ust-Luga

16,005 17,625

2014 2015

+2.7%

Natural Gas

+10.1%

Sales volumes, mln cubic metres

Change in effective avg. selling price, %

3,468 4,268

2014 2015

LPG

+23.1%

(12.7%)

+15.3%

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650 705

2014 2015

14

360 411

2014 2015

Basic Polymers Key Factors Plastics & Organic Synthesis

Intermediates & Other

788

922

2014 2015

449 550

2014 2015

+22.4%

+17.0%

+14.2%

+3.9%

+10.3%

+8.5%

PETROCHEMICALS: SALES VOLUMES AND PRICE DYNAMICS

Sales volumes, ’000 tonnes

Change in effective avg. selling price, % Sales volumes, ’000 tonnes

Change in effective avg. selling price, %

Sales volumes, ’000 tonnes

Change in effective avg. selling price, %

+19.1% +22.2%

Change in effective avg. selling price, %

Sales volumes, ’000 tonnes

Decline in international market prices for majority

of products mitigated by substantial RR

depreciation

Plastics & organic synthesis:

Higher sales volumes largely due to

higher PET and BOPP-film production following

capacity expansions

higher glycols production inter alia as a result of

lengthy shutdowns in Kstovo and Dzerzhinsk in

2014

Basic polymers:

Higher sales volumes due to growth in PP

production thanks to ramp-up of PP production in

Tobolsk

…and partially offset by higher internal use for

BOPP production

Synthetic rubbers:

Increase in sales volumes primarily due to

higher production volumes on low base of 2014

due to weak market environment and completed

thermoplastic elastomers homologation

Intermediates & other chemicals:

Increase in sales volumes due to

higher ethylene sales to our JV RusVinyl

commissioned in September 2014

propylene and ethylene oxide production

following capacity expansions…

…as compared to low base of 2014 due to

lengthy shutdowns in Kstovo and Dzerzhinsk

Synthetic Rubbers

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11.3 17.6

2014 2015

20.5 26.1

2014 2015

27.8 35.1

2014 2015

38.4

50.9

2014 2015

45.8

63.7

2014 2015

9.7 3.7

2014 2015

19.4 21.7

2014 2015

68.9

31.4

2014 2015

38.0 43.0

2014 2015

77.2 82.9

2014 2015

15

REVENUE DYNAMICS BY PRODUCT GROUP

Naphtha

Synthetic Rubbers Plastics & Organic

Synthesis

MTBE

Intermediates & Other

RR bln

+7.5%

+11.8%

+26.0%

+39.3%

LPG

Basic Polymers

Raw NGL

(62.2%)

Other Revenue

+56.0%

RR bln RR bln RR bln

RR bln RR bln RR bln RR bln RR bln

+32.6%

Natural gas

+13.1%

RR bln

(54.3%)

+15.2%

– Trading operations via Ust-Luga

+27.3%

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48.1

11.9

2014 2015

16

Decrease in goods for resale purchases on the termination of trading

activities via the Ust-Luga transshipment facility in 2015

Higher transportation & rent expenses due to RR depreciation, the

railway tariff indexation and higher transported volumes

Higher feedstock & materials on

weaker Russian rouble and higher purchasing volumes of hydrocarbon

feedstock and other feedstock & materials

compensated by lower expenses related to PP purchases

Higher D&A expenses due to

commissioning of new large-scale facilities (raw NGL pipeline, the

expansion of the cracking capacity in Kstovo, second GFU)

amortisation of intangible assets

Increase in staff costs expenses due to

changes in the perimeter

increase in the headcount of NIPIGAZ, a contractor at the Amur GPP

design and construction project of Gazprom

(1) Operating expenses before equity-settled share-based payment plans.

(2) Transportation, logistics and rent.

NET OPERATING EXPENSES STRUCTURE AND DYNAMICS

Net Operating Expenses(1)

Y-o-Y dynamics RR bln

30

24

11

11

10

4

3 3 3

Feedstock &

materials

Transportation &

rent

Energy &

utilities

Staff costs

Depreciation &

amortisation

%

Goods for resale

Structure

285.6 276.2

2014 2015

79% 73% (3.3%)

Key Factors

– % of revenue x%

2015

Repairs & maintenance Services from 3rd parties

– Naphtha trading operations via Ust-Luga

Other

78.1 83.9

2014 2015

RR bln

+7.5% 22% 22%

31.2 28.4

2014 2015

Energy & Utilities

(9.0%)

9% 7%

RR bln

2014 2015

66.8 52.0

Rent expenses

Transportation & logistics

RR bln

+28.4% 14% 18%

Depreciation & Amortisation

RR bln

26.3 31.5

2014 2015

+19.7% 7% 8%

27.2 30.7

2014 2015

Staff Costs

RR bln

+12.9%

8% 8%

Goods for Resale

RR bln

(75.2%) 13% 3%

+13.2%

Feedstock & Materials Transportation & Rent(2)

+84.3%

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Net cash from operating activities increased

by 30.8% y-o-y on

higher EBITDA

lower income tax paid

…partially offset by negative impact from

WC changes on higher trade and other

receivables

Net cash used in investing activities

increased by 25.0% y-o-y on

final tranche payment for the acquisition

of Rosneft’s 49% stake in

Yugragazpererabotka

increase in CapEx by 17.9% y-o-y

…partially compensated by proceeds

from divestment of transshipment facility

in Ust-Luga

Net cash received from financing activities

attributable to

new borrowings for ZapSib-2 financing

funding the final tranche for the

acquisition of a 49% stake in

Yugragazpererabotka

CASH FLOW STATEMENT HIGHLIGHTS

Year ended 31 December Change

% RR mln, except as stated 2015 2014

Net cash from operating activities 119,078 91,052 30.8%

Operating cash flows before WC changes 128,892 105,540 22.1%

Changes in working capital (5,509) 1,789 n/m

Income tax paid (4,305) (16,277) (73.6%)

Net cash used in investing activities, including (121,741) (97,370) 25.0%

Purchase of PPE, intangible and non-current assets (84,391) (71,550) 17.9%

Acquisition of interest in subsidiaries, net of cash

acquired (61,726) (20,666) 198.7%

Proceeds from disposal of subsidiaries, net of cash

disposed 21,278 138 n/m

Net cash from financing activities, including 144,802 24,093 501.0%

Net proceeds from debt 186,014 34,346 441.6%

Dividends (18,125) (14,073) 28.8%

Interest paid (14,867) (5,710) 160.4%

Payment of bank fees (9,994) (697) n/m

Effect of exchange rate changes on cash and cash

equivalents 2,277 1,944 17.1%

Net increase in cash and cash equivalents 144,416 19,719 632.4%

Key Developments Key Highlights

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25 18

79 74

45

17 7 4 2 2

126

2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 After2025

31 Mar’16 RR bln

Debt Maturity Profile(2)

(3)

DEBT STRUCTURE AND MATURITY PROFILE

18

Key Highlights

(1) Interest represents accrued interest, i.e. includes interest expense and capitalised interest.

(2) Unaudited data. Loans denominated in USD and EUR are converted into RR at RR/USD and RR/EUR FX rates as of 31 March 2016.

(3) Debt maturing during Q2-Q4 2016.

Key Figures

Net debt increased by 59.6% mainly due to:

new borrowings to fund the acquisition of a 49% stake in

Yugragazpererabotka

substantial RR depreciation

Net leverage increased to 2.1x from 1.74x (1.76x from

1.19x in USD terms)

Total debt increased 2.2x y-o-y primarily due to

funding for ZapSib-2 provided by the NWF (USD 1.75 bln)

and RDIF and consortium of international investors (USD

210 mln) in the end of 2015

Borrowings raised from the NWF resulted in a respective

increase in cash balances

As of 31 December 2015, all of the debt was unsecured

USD RR EUR

RR bln, except as stated 31 Dec 2015 31 Dec 2014 Change, %

Total debt 457.2 206.3 121.6%

Cash & cash equivalents 172.1 27.7 522.0%

Net debt 285.1 178.6 59.6%

WA loan tenor (years) 6.3 2.5

WA Conventional debt 2.7 -

WA ZS-2 related debt 13.2 -

Available credit lines 287.7 135.3 112.7%

Debt / EBITDA 3.37x 2.01x

Net debt / EBITDA, including: 2.10x 1.74x

Conventional net debt 1.82x 1.68x

ZS-2 related net debt 0.28x n/m

Net debt / EBITDA (in $) 1.76x 1.19x

EBITDA / Interest(1) 9x 16x

RR bln, except as stated 31 Mar 2016(2) 31 Dec 2015 Change, %

Total debt 397.6 457.2 (13.0%)

Cash & cash equivalents 94.6 172.1 (45.0%)

Net debt 303.0 285.1 6.3%

Maturity profile

Short-term 28.0 47.7 (41.3%)

Long-term 369.6 409.4 (9.7%)

Currency split

USD 246.0 306.6 (19.8%)

RR 123.7 131.1 (5.6%)

EUR 27.9 19.5 43.1%

Credit lines 277.5 287.7 (3.5%)

Committed 164.1 169.9 (3.4%)

Uncommitted 113.4 117.8 (3.7%)

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192.0.0

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FINANCIAL CALENDAR – 2016

19

Event Date

FY 2015 Operational and Financial Results 7 April 2016

Q1 2016 Limited Operational Update June 2016

H1 2016 Operational and Financial Results Early September 2016

9M 2016 Limited Operational Update December 2016

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20

Appendix

0.128.128

153.204.0

128.128.128

208. 208.208

245.138.31

192.0.0

242. 242. 242

255.192.0

229.242.242

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380

276

Currency

Nature

Currency

Nature

21

EXPOSURE TO OIL PRICES AND FX

2015

RR bln

22%

8%

LPG negative impact of lower oil prices…

somewhat compensated by lower

export duty…

and RR depreciation

Naphtha

Natural gas

MTBE and other fuels

Plastics & organic synthesis

Basic polymers

Synthetic rubbers

Intermediates & other chemicals

Other

7%

32%

11%

Feedstock & materials APG: indexed in line with FTS, some

contracts account for changes in

NGLs netbacks

NGLs priced at netbacks

Goods for resale

Transportation, logistics & rent

Energy & utilities

Staff costs

D&A

Repairs & maintenance Other

Correlation

with Oil

Correlation

with Oil

US dollar Russian rouble

ILLUSTRATIVE

Revenue Categories Revenue Net OpEx Categories

11%

7%

17%

13%

9%

6%

24%

11%

10%

4% 3% 4%

Net OpEx(1)

(1) Operating expenses before equity-settled share-based payment plans.

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LOWER EXPORT DUTIES AND RR DEPRECIATION SUPPORT ENERGY

PRODUCT REVENUES ON DECREASING OIL

22

0

20

40

60

80

100

120

0

200

400

600

800

1,000

1,200

LPG CIF ARA (large) LPG price net of duty Brent (RHS)

0

20

40

60

80

100

120

0

200

400

600

800

1,000

1,200

LPG DAF Brest LPG price net of duty Brent (RHS)

0

20

40

60

80

100

120

0

200

400

600

800

1,000

1,200

Naphtha CIF NWE Naphtha price net of duty Brent (RHS)

RR / USD – oil price negative correlation

Oil price and export duties impact on product price Oil price and export duties impact on product price

LPG DAF Brest case

Oil price and export duties impact on product price

LPG CIF ARA case

Naphtha CIF ARA case

USD per bbl USD per tonne

USD per tonne USD per bbl USD per bbl USD per tonne

20

40

60

80

100

120

30

40

50

60

70

80

90

RR/USD (LHS) Brent (RHS)

USD per bbl

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0%

20%

40%

60%

80%

100%

120%

Natural Rubber Butadiene Styrene Brent

0%

20%

40%

60%

80%

100%

120%

Brent Naphtha CIF NWE

LPG CIF ARA (large) LPG DAF Brest

MTBE Natural gas

Energy Products

MARKET PRICES VS OIL PRICE

Rebased to 100

Synthetic Rubbers

Rebased to 100

Plastics & Organic Synthesis Products

Rebased to 100

Basic Polymers

Rebased to 100

Source: Argus, Platts, Bloomberg, ICIS, Malaysian Rubber Board, Chemease, Federal Tariff Service of Russian Federation

23

0%

20%

40%

60%

80%

100%

120%

LDPE CFR China film, Spot

PP rafia China Main Port, Spot

Brent

0%

20%

40%

60%

80%

100%

120%

Polystyrene, EPS block FOB KoreaMEG Contract, FD NWE T22-ethylhexanol Spot, FD NWEButyl acrylate Spot, FD NWEPET FOB China, SpotBrent

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MARKET PRICES

PRODUCT QUOTE SOURCE

ENERGY PRODUCTS

Oil Brent (USD per bbl) Bloomberg

Naphtha Naphtha CIF NWE Argus

LPG LPG CIF ARA (large) Argus

LPG DAF Brest Argus

MTBE MTBE FOB Rotterdam / FOB ARA Platts

Natural gas Natural gas wholesale price (for population) Federal Tariff Service of Russian Federation

BASIC POLYMERS

LDPE LDPE CFR China film, Spot ICIS

PP PP rafia China Main Port, Spot ICIS

SYNTHETIC RUBBERS

Natural rubber NR SMR 20 Malaysian Rubber Board

Butadiene Butadiene Contract, FD NWE ICIS

Styrene Styrene Spot, FOB Rotterdam ICIS

PLASTICS & ORGANIC SYNTHESIS PRODUCTS

PET PET FOB China, Spot ICIS

Monoethylene glycol (MEG) MEG Contract, FD NWE T2 ICIS

2-ethylhexanol (alcohol) 2-ethylhexanol Spot, FD NWE ICIS

Butyl acrylate Butyl acrylate Spot, FD NWE ICIS

Expandable polystyrene Polystyrene, EPS block FOB Korea ICIS

24