Board recommends dividends

30 Apr 2007 12:42

O.A.O. Tatneft30 April 2007 30 April 2007 On 30 April 2007, OAO Tatneft (the "Company") announced that the Board ofDirectors of the Company resolved, among other things, to recommend to theannual general shareholders meeting of the Company to be held on 29 June 2007 toapprove payment of annual dividends for 2006 in cash in the following amounts: preferred shares: 460% of the nominal (par) value, i.e., 4 Rubles 60 Kopecks pershare; common shares: 460% of the nominal (par) value, i.e., 4 Rubles 60 Kopecks pershare. 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