O.A.O. Tatneft: Board Recommends Dividends fo | Company Announcements

Thursday 29 April, 2010

O.A.O. Tatneft

Board Recommends Dividends fo

RNS Number : 0566L

O.A.O. Tatneft

29 April 2010

On 29 April 2010, OAO Tatneft (the "Company") announced that the Board of Directors of the Company resolved, among other things, to recommend to the annual general shareholders meeting of the Company to be held on 25 June 2010 to approve payment of annual dividends for 2009 in cash in the amount of 30% of the net profit for 2009 under Russian accounting standards.

The amounts per share are the following:

preferred shares: 656% of the nominal (par) value, i.e., 6 Rubles 56 Kopecks per share;

common shares: 656% of the nominal (par) value, i.e., 6 Rubles 56 Kopecks per share.

Forward-looking statements: This announcement may contain certain forward-looking statements of OAO Tatneft. OAO Tatneft does not guarantee occurrence of any events mentioned in such statements as well as term of their occurrence.

This information is provided by RNS

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