An annual regular shareholders’ conference of “Nizhnekamskneftekhim” INC was held on April 28. 
V. Busygin, general director of “Nizhnekamskneftekhim” INC, delivered a summary report on the 2005 operation results, stating that the Company’s production output amounted to RUR 39.8bn or more than a half of the production volume of the Tatarstan Republic Total Petrochemical Complex. An index of physical advancement compared to the year 2004 reached 110.2%.
A sales of products income exceeded RUR 6.5bn.
Within the year 2005, RUR 6,473m were allotted to the budgets of all levels, which was planned to be RUR 3,723m. It means that the obligations assumed were overfulfilled 1.74 times.
2006 is planned for the production output surpassing RUR 41bn, increase of production in comparable prices will run to 104.5%, sales income will level up to RUR 5.2bn.
The conference approved the annual report, the annual accounting, which includes a gain & loss report and a profit distribution report of the Company based on the outcome of the fiscal year 2005, the dividend rates on the Company’s shares for the year 2005.
The shareholders will be paid dividends at the rate of 17.65% of a face value on ordinary and preference shares, which will amount to RUR 323m – 15% of the Company’s net gain per the last year results.
The Conference elected a Board of Directors for “Nizhnekamskneftekhim” INC consisting of 17 members:
a government representative (with no voting)
Rinat K. Sabirov – Adviser to the Prime Minister of the Tatarstan Republic;
and elected by shareholders
Vladimir M. Busygin – General Director of “Nizhnekamskneftekhim” INC
Khamit Kh. Gilmanov – First Deputy General Director- Chief Engineer, NKNK
Rustam M. Akhmetov – Deputy General Director for Economics & Finance, NKNK
Igor V. Larionov – Deputy General Director - Manager of Corporate Property & Investment Office, NKNK
Rafinat S. Yarullin – General Director of “Tatneftekhiminvest-Holding” SC
Albert K. Shigabutdinov – General Director of “TAIF” JSC
Rustem N. Sulteyev – First Deputy General Director of “TAIF” JSC
Vladimir V. Presnyakov – Deputy General Director of “TAIF” JSC
Guzeliya M. Safina – Deputy General Director of “TAIF” JSC
Ruslan A. Shigabutdinov – Deputy General Director of “TAIF” JSC
Leonid S. Alekhin – General Director of “Kazanorgsintez” JSC
Robert G. Khannanov – General Director of “TAIF-NK» PSC
Radik R. Gaizatullin – Finance Minister for the Tatarstan Republic
Ilshat Sh. Fardiyev – General Director of “Tatenergo” JSC
Nahil U. Maganov – First Deputy General Director of “Tatneft” JSC
Nurislam Z. Syubayev – Adviser to the General Director of “Tatneft” JSC
The Conference elected an auditing committee consisting of 5 members:
a government representative
Yelena I. Buzdayeva  – Deputy Head of the Department in the Tatarstan Republic Finance Ministry;
and elected by shareholders
Aleksei I. Belyayev – Head of the Department in the Tatarstan Republic Ministry for Economy & Industry
Rashit G. Salakhutdinov – Head of the Assets Department in the NKNK Corporate Property & Investment Office
Olga V. Ignatovskaya – Head of the Department for Finance & Economy Planning and Management in “TAIF” JSC
Gadilya R. Nurgaliyeva – Deputy General Director of “TAIF-NK» PSC
The conference approved “Auditing Firm “Audi” Ltd as the Company’s auditor.
The conference adopted amendments and riders to the Statute of “Nizhnekamskneftekhim” INC, approved an expenditure budget for the NKNK Board of Directors in 2006.