NIZHNEKAMSKNEFTEKHIM

 

Stock market OAO “Nizhnekamskneftekhim”

OAO “Nizhnekamskneftekhim” (NKNK) in its corporate activities follows a Corporate Conduct Code, recommended for application by Resolution No. 421/ р of FCSM RF dated 04.04.2002, and a Corporate Conduct Code of OAO “Nizhnekamskneftekhim” .

Shares of OAO “Nizhnekamskneftekhim”

An Authorized Capital (AC) of OAO “Nizhnekamskneftekhim” amounts to RUR 1,830,239,750 and is split into 1,830,239,750 shares of par value 1 ruble each, including:

•  1,611,256,000 registered ordinary (voting) shares, state registration No. 1-02-00096-A;

•  218,983,750 registered preference shares, state registration No. 2-02-00096-A;

All shares have been allocated, there are no outstanding assessable capital shares.

The Authorized Capital has been paid up.

The Charter of OAO “Nizhnekamskneftekhim” provides for availability of 27,400,000,000 authorized ordinary shares and 218,983,750 authorized registered preference shares of par value 1 ruble each, within which additional shares may be issued.

The current quotations of our shares can be looked at the following addresses:

•  Russian Trading System

•  MICEX

•  Berlin Stock Exchange

History of forming an Authorized Capital of OAO “Nizhnekamskneftekhim”

A program to privatize " Nizhnekamskneftekhim" Industrial Corporation was approved by the Resolution # 41 of the TR State Property Committee on 11.08.93 pursuant to the Minutes # 25 of the TR State Property Committee Board dated 20.07.93.

According to the program, Nizhnekamskneftekhim IC was reshaped into an open joint-stock company per the first option of tax exemption. An Authorized Capital of the Company was set up as RUR 73,209,590 and split into 7,320,959 registered shares including 875,935 preference ones.

28 December 1998 , FCSM registered the decision to convert NKNK shares of face value 10 rubles into shares of face value 1 ruble. 19 April 1999, FCSM registered the Report on the results of splitting the face value of the NKNK shares.

19 September 2001 , FCSM registered the decisions to issue, due to the extra capital, 1,546,805,760 ordinary and 210,224,400 preference shares of OAO “Nizhnekamskneftekhim”. 6 November 2001, FCSM registered the Reports on the results of that share issuance.

In 2003 , the share issues were consolidated: all ordinary shares were assigned a State Registration No. 1-02-00096-A of 15.08.2003, all preference shares were assigned a State Registration No. 2-02-00096-A of 15.08.2003.

At 01.03.2008 , 6.1% of the Authorized Capital belongs to natural persons and 93.9% to legal entities and nominal holders.

As of 14 April 1997 , the Company ordinary shares, and as of 15 February 2001 , the Company preference shares have been quoted at the Not-for-Profit Partnership “RTS Stock Exchange” (as of 01.01.2007 – at the OJSC " Russian Trading System Stock Exchange ").

11 October 2007 , pursuant to the Resolution of the Deputy Chairman of OJSC "Russian Trading System Stock Exchange", the registered ordinary shares of OAO “Nizhnekamskneftekhim” of face value 1 ruble were included (transferred) in the A2-Level Quotation List of OJSC "Russian Trading System Stock Exchange".

6 March 2008 , pursuant to the Resolution of the Deputy Chairman of OJSC "Russian Trading System Stock Exchange", the registered preference shares of OAO “Nizhnekamskneftekhim” of face value 1 ruble were included (transferred) in the A2-Level Quotation List of OJSC "Russian Trading System Stock Exchange".

4 April 2008 , pursuant to the Resolution of the Management of CJSC " MICEX SE", the registered ordinary and preference shares of OAO “Nizhnekamskneftekhim” were included in a non-listed stock of CJSC " MICEX SE".

In 1998 , ADR's -I were issued for the NKNK ordinary shares and offered for quotation at the Berlin Stock Exchange. They were issued in terms of 2 ADR's per one NKNK ordinary share. In accordance with the Deposit Agreement signed, the ADR Program Depository is “The Bank of New York”; a package of documents required for ADR's registration as per the Agreement signed was prepared by “Cleary, Gottlieb, Steen & Hamilton” firm. As of 2001 , due to the Company's AC increase, a share to ADR ratio has changed: 1 ADR is issued for 10 shares.

In 1998 , a Contract was made with the international auditing firm “PricewaterhouseCoopers Audit”, and the NKNK financial reporting for the years 1995-2006 was audited in compliance with the international financial standards.

Dynamics of dividend payments on NKNK shares(in % to share face-value)