Dividend Declaration

28 Apr 2008 07:00

O.A.O. Tatneft27 April 2008 28 April 2008 On 26 April 2008, 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 26 June 2008 toapprove payment of annual dividends for 2007 in cash in the following amounts: preferred shares: 565% of the nominal (par) value, i.e., 5 Rubles 65 Kopecks pershare, an increase of 22.8% from dividends paid in 2007; common shares: 565% of the nominal (par) value, i.e., 5 Rubles 65 Kopecks pershare; an increase of 22.8% from dividends paid in 2007. 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