On March 2, a regular session of the Board of Directorsof "Nizhnekamskneftekhim Inc."has taken place. The decision was taken to hold a general annual meeting of shareholders of the enterpriseon April, 28 current year.

The shareholders who are put on record in the register of the company as of March, 10, 2006will be included in the list of persons having the right to take part in this meeting.

The Board of Directors has unanimously ratified the agenda of assemblyof shareholders, lists of nominees for the membersof the Board of Directors and a revision committee for elections at assembly of shareholders,the list of the information for shareholders, forms and texts of bulletins for voting at the general annual meeting of shareholders.

The Board of Directors has also considered a course of creation of a complexcontrol system on the basis of software product R-3,has ratified Regulations of the competitive commission of  "Nizhnekamskneftekhim Inc."on selection of an  auditororganization and Regulations on procedure of granting of  apartments to workersof the enterprise.