SOURCE: O.A.O. Tatneft

July 18, 2005 06:03 ET

OAO Tatneft announces Results of the AGM

Taterstan -- (MARKET WIRE) -- July 18, 2005 --


                                         July 18, 2005

OAO Tatneft has made the following announcement:

                            DISCLOSURE OF MATERIAL FACT

              "INFORMATION ON RESOLUTIONS OF THE GENERAL MEETINGS"




                             1. General information

1.1. Full corporate name of the Issuer:   Open Joint Stock Company  
                                          Tatneft named after V.D.
                                          Shashin


1.2. Abbreviated corporate name of the Issuer: OAO Tatneft named after 
                                               V.D. Shashin


1.3. Location of the Issuer:         75 Lenin Street, Almetyevsk,  
                                     Republic of Tatarstan,
                                     Russia 423450


1.4. Principal state registration number of the 1021601623702
Issuer:

1.5. Taxpayer Identification Number of the Issuer:  1644003838


1.6. The Issuer's unique code assigned by the    00161-A
registration authority:

1.7. Web page address used by the Issuer for   http://www.tatneft.ru
disclosure of information:
                                             http://www.disclosure.ru


1.8. Name of periodical(s)               Supplement to the  
used by the Issuer for                   Bulletin of the Federal 
publication of information:              Service for Financial 
                                         Markets", "Petroleum News".




1.9. Code(s) of material fact(s):         1000161A11072005




               2. Subject matter of the disclosure

2.1. Type of the general meeting: annual meeting.



2.2. Form of the general meeting: the meeting is conducted by personal attendance of shareholders to discuss agenda
items and adopt resolutions on matters put to vote, with prior delivery of ballot papers to the shareholders.



2.3. Date and place of the general meeting: June 30, 2005, 98 Lenin Street, Culture Palace "Neftche", Almetyevsk,
Republic of Tatarstan.



2.4. Quorum of the general meeting: 79.82%



2.5. Issues put to a vote and voting results:

Agenda Item No. 1 "Approval of the Company's annual report, annual accounting statements, including the income
statement (profit and loss accounts) for the year 2004".


"FOR" - 1,670,639,004

"AGAINST" - 14,500

"ABSTAINED" - 3,178,860



Agenda Item No. 2 "Approval of profit distribution on the basis of the results of the fiscal year"

"FOR" - 1,673,267,864

"AGAINST" - 47,500

"ABSTAINED" - 56,880



Agenda Item No. 3 "Payment of annual dividends for 2004. Approval of the amount of dividends, as well as form and time
of their payment".

"FOR" - 1,672,415,114

"AGAINST" - 17,500

"ABSTAINED" - 32,000



Agenda Item No. 4 "Election of members of the Board of Directors of OAO Tatneft"



                      "FOR"

 1. Rishat Fazlutdinovich Abubakirov - 1,297,725,407
 2. Valery Pavlovich Vasiliev - 1,463,633,303
 3. David William Waygood - 1,367,332,963
 4. Maria Leonidovna Voskresenskaya - 1,001,863,242
 5. Radik Raufovich Gaizatullin - 1,466,378,357
 6. Sushovan Ghosh - 1,367,149,071
 7. Nail Gabdulbarievich Ibragimov - 2,180,383,138
 8. Vladimir Pavlovich Lavushchenko - 1,391,214,233
 9. Nail Ulfatovich Maganov - 2,408,982,495
10. Renat Haliullovich Muslimov - 1,389,070,899
11. Valery Yurievich Sorokin - 1,428,481,195
12. Shafagat Fahrazovich Takhautdinov - 3,781,630,455
13. Mirgazian Zakievich Taziev - 1,267,262,304
14. Rais Salikhovich Khisamov - 1,417,562,493



"AGAINST ALL CANDIDATES" - 7,024,920

"ABSTAINED FROM VOTING ON ALL CANDIDATES" - 1,519,700



Agenda Item No. 5 "Election of members of the Audit Commission of OAO Tatneft"


Name          "FOR"           "AGAINST"          "ABSTAINED"


1. Tamara 
Mikhailovna 
     Vilkova 1,595,915,445         120,980          541,350

2. Olga 
Vladimirovna 
Ignatovskaya    47,936,900    1,548,044,125          596,750

3. Venera 
Gibadullovna 
 Kuzmina     1,548,307,122       47,741,603          529,050

4. Nikolai
 Kuzmich 
  Lapin      1,595,911,745          135,080          530,950

5. Marsel 
Masgutovich 
 Muradymov   1,594,597,245        1,452,180          528,350

6. Petr 
Nikolaevich 
Paramonov    1,595,946,645           99,380          531,750

7. Ildar 
Asylgaraevich 
Rakhmatullin 1,595,945,770           99,855          532,150

8. Lilia 
Rafaelovna 
Rakhimzyanova 1,594,051,112       1,994,013          532,650

9. Rustam 
Ilgizarovich 
Sharapov      1,578,819,413      16,386,012        1,372,350



Agenda Item No. 6 "Approval of the joint-stock company's external auditor."

"FOR" - 1 613 821 941

"AGAINST" - 47,740,448

"ABSTAINED" - 390,216



Agenda Item No. 7 "Introduction of amendments and additions to the Charter of OAO Tatneft"

"FOR" - 1,633,146,369

"AGAINST" - 16,649,860

"ABSTAINED" - 12,458,503



Agenda Item No. 8 "Introduction of amendments and additions to the Regulation on the Board of Directors of OAO Tatneft"

"FOR" - 1,633,036,269

"AGAINST" - 16,689,160

"ABSTAINED" - 12,585,503



Agenda Item No. 9 "Approval of the Regulation on the General Shareholders' Meeting of OAO Tatneft"

"FOR" - 1 633 709 877

"AGAINST" - 16,514,560

"ABSTAINED" - 12,090,970



2.5. Wordings of resolutions adopted by the general meeting.

1. To approve the Company's annual report and annual accounting statements for the year 2004, including income
statements (profit and loss accounts).

2. To approve distribution of the Company's profit on the basis of the results of the fiscal year.

3. To pay dividends for 2004, taking into account the dividends previously paid for the nine-month period:

a) in respect of preferred shares of OAO Tatneft - in an amount representing 100% of the nominal value of one share;

b) in respect of ordinary shares of OAO Tatneft - in an amount representing 90% of the nominal value of one share.

To establish the period for payment of dividends - from July 1 to December 31, 2005. Dividends will be paid in cash.

4. To elect the following candidates for the Board of Directors:

1.      Rishat Fazlutdinovich Abubakirov

2.      Valery Pavlovich Vasiliev

3.      David William Waygood

4.      Maria Leonidovna Voskresenskaya

5.      Radik Raufovich Gaizatullin

6.       Sushovan Ghosh

7.      Nail Gabdulbarievich Ibragimov

8.      Vladimir Pavlovich Lavushchenko

9.      Nail Ulfatovich Maganov

10.  Renat Haliullovich Muslimov

11.  Valery Yurievich Sorokin

12.  Shafagat Fahrazovich Takhautdinov

13.  Mirgazian Zakievich Taziev

14.  Rais Salikhovich Khisamov



5. To elect the following candidates for the Audit Commission of the Company:

1. Tamara Mikhailovna Vilkova

2. Venera Gibadullovna Kuzmina

3. Nikolai Kuzmich Lapin

4. Marsel Masgutovich Muradymov

5. Petr Nikolaevich Paramonov

6. Ildar Asylgaraevich Rakhmatullin

7. Lilia Rafaelovna Rakhimzyanova

8. Rustam Ilgizarovich Sharapov



6. To approve Ernst & Young LLC as the external auditor of OAO Tatneft for the period of one year.

7. To introduce amendments and additions to the Charter of OAO Tatneft.

8. To introduce amendments and additions to the Regulation on the Board of Directors of OAO Tatneft.

9. To approve the Regulation on the General Shareholders' Meeting of OAO Tatneft.




                       3. Signature

3.1. Deputy General Director and Head of the Property Department

of OAO Tatneft      Gorodny   V.I. Gorodny



3.2. Date: July 12, 2005         (seal)










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