Board recommends dividends

28 Apr 2006 14:06

O.A.O. Tatneft28 April 2006 April 28, 2006 On 27 April 2006, OAO Tatneft (the "Company") announced that the Board ofDirectors of the Company resolved to recommend to the annual generalshareholders meeting of the Company to approve payment of annual dividends for2005 in cash in the following amounts: preferred shares: 100% of the nominal value, i.e., one Ruble per share; common shares: 100% of the nominal value, i.e., one Ruble 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