In circumstances of financial crisis and unstable situation at the global and Russian financial market, Nizhnekamskneftekhim Inc. once again confirmed its image of a reliable borrower and a first-class issuer.

On April 2, 2009 the Company executed the offer of series 4 ruble bonds in due time and to the full extent.

Earlier, on March 30, 2009, Nizhnekamskneftekhim Inc. made payment of income to the holders of above bonds in the amount of 74,715,000 rubles.

Resolution on the issuance of series 4 bonds of Nizhnekamskneftekhim Inc. and the offering prospectus were registered by the Federal Financial Markets Service of Russian on November 18, 2004, the state registration number 4-04-00096-A.

The bond issue amounted to 1,500,000,000 rubles, all the bonds were placed on Moscow Central Stock Exchange on April 4, 2005. According to the terms of issuance and maturity of bonds there would be 14 coupon payments, once every six months. Based on the results of study of applications sent for bonds placement tender the coupon rate of 9.99% was fixed for 1 – 8 coupon periods. On March 6, 2009 Nizhnekamskneftekhim Inc. fixed the coupon rate of 10% for remaining 9 – 14 coupons. The maturity of bonds before their final redemption is 7 years, the date of the final redemption of bonds is March 26, 2012.

Our Company has an excellent history of bond loan issuance. The first loan was placed in November 2001 and successfully matured in a year, i.e. in November 2001. Thereafter, in 2002 and 2003 Nizhnekamskneftekhim Inc. placed the bond loans of series 2 and 3 and total repayment of those was made in 2005 and 2007 respectively. The funds from all bond loans were used for implementation of the investment program of the Company.

In future Nizhnekamskneftekhim Inc. undertakes to fulfill all its financial obligations in due time and to the full extent.