Board approves AGM agenda

2 May 2007 12:47

O.A.O. Tatneft02 May 2007 2 May 2007 On 2 May 2007, OAO Tatneft (the "Company") disclosed in its statutory filing inRussia that (i) The Board of Directors of the Company approved on 30 April 2007 the following agenda of the annual shareholders meeting to be held on 29 June 2007: 1. Report of the Board of Directors on the result of Company's activities in 2006. Approval of the annual report of the Company for 2006. 2. Approval of the annual accounting report, including profit and loss statement, of the Company for 2006. 3. Approval of profit distribution upon results of the financial year. 4. Payment of annual dividends on the basis of 2006 results. Approval of the amount of the dividends, form and timing of payment of dividends. 5. Election of the Board of Directors of the Company. 6. Election of the Revision Committee of the Company. 7. Approval of the Company's auditor. 8. Amendments to the Charter of the Company. 9. Amendments to the Regulations of the Board of Directors of the Company. 10. Amendments to the Regulations of the Management Board of the Company. (ii) The Board of Directors of the Company also resolved to recommend to the annual general shareholders meeting of the Company to approve payment of annual dividends for 2006 from 1 July 2007 until 31 December 2007 in cash in the following amounts: preferred shares: 460% of the nominal (par) value, i.e., 4 Rubles 60 Kopecks per share; common shares: 460% of the nominal (par) value, i.e., 4 Rubles 60 Kopecks per share. Forward-looking statements: This announcement may contain certainforward-looking statements of OAO Tatneft. OAO Tatneft does not guaranteeoccurrence of any events mentioned in such statements as well as term of theiroccurrence. This information is provided by RNS The company news service from the London Stock Exchange