A regular meeting of the Board of Directors of "Nizhnekamskneftekhim Inc. " was held on April 5, 2006. The Annual Report, annual balance reporting, including profit and loss report and profit distribution report have been accepted by the Board of Directors. All these reports will be offered to the attention of the shareholders at the annual shareholders’ meeting on April 28 current year.
The Board of Directors has also decided to present to shareholders’ consideration their suggestions regarding dividends distribution. It is suggested to allocate 323 million rubles (17,65 % of the nominal value of shares) for distribution of dividends in accordance with results of the finance and economic activity of the company for the year 2005.
The Board of Directors also discussed some amendments and additions to the Charter of "Nizhnekamskneftekhim” Inc., a candidacy of the auditor and suggestions on expense budget of the Board of Directors to be discussed by the shareholders’ meeting.