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Events

	07.12.2011
	“Nizhnekamskneftekhim” increased its commodity output by 8.4% within 11 months In the period from January to November, Nizhnekamskneftekhim OJSC increased its commodity output in comparable prices by 8.4% year-on-year, i.e. to RUB 88.85 billion, as reported by the company’s management. Butyl rubber (including halo-butyl rubber) output increased by 9.2% to 131.7 kta, polystyrene - by 22.9% to 171.5 kta, polyethylene - by 22.9% to 176 kta and polypropylene - by 5.9% to 192.6 kta.

	05.10.2011
	A report about TAIF-NK rating for mass media: On September 30, 2011, AK&M – a leading independent national rating agency in Russia – assigned an “A” national scale credit rating to TAIF-NK PSC with stable outlook. “A” rating means that TAIF-NK PSC belongs to a highly reliable class of borrowers. The revenue of TAIF-NK PSC for the first half-year 2011 amounted to RUB 65 bln., net profit – RUB 7.5 bln, and EBITDA – RUB 10.6 bln. A press-release is published on AK&M’s website in the Internet

	25.07.2011
	The shipwreck of Bulgaria boat, which sank on the Volga River on July 10, became the worst accident in Russian inland water transport in the past 30 years. This terrible disaster that claimed over 100 lives was a great shock for the whole Russia, however, with a special pain and grief this terrific catastrophe stroke the hearts of Tatarstan people since the majority of Bulgaria’s passengers resided in our republic. As early as on the second day after the shipwreck, the Republican Council on Charity Issues together with a charity foundation “Ak Bars Creation” mounted a campaign aimed at charity fundraising “To Shipwreck Victims”. The tragedy united people in a fatal grief: the money continue arriving to the foundation’s account not only from the residents of Tatarstan and Russia but from the citizens of many foreign countries as well. TAIF Group also responded to the tragedy of Bulgaria with a deep sorrow and pain. PSC “TAIF” contributed RUB 2.5 million to the aid fund for those injured and whose relatives died in Bulgaria’s shipwreck.

	08.06.2011
	PSC “Nizhnekamskneftekhim” Paid RUB 1.9 Billion Dividends in 2010 The dividends amounted to 30 % of net profit according to the results of 2010, thus having surpassed the payouts to shareholders in 2009 by 17 times. The dividends have been paid out in full. Total dividends paid out on ordinary shares amounted to RUB 1 billion 893 million and 153 thousand and those paid out on preferred shares – RUB 257 million 524 thousand and 890, as reported by OJSC “Nizhnekamskneftekhim’s” media office. The decision to pay dividends at the rate of 117.6% to the par value of preferred and ordinary stock was adopted in the annual meeting of the company’s shareholders held on April 15 this year. Therefore, in compliance with the existing law on joint stock companies and the Charter of OJSC “Nizhnekamskneftekhim”, dividend payout on the issuer’s securities was performed within 60 days since the day when such decision was adopted.

	15.05.2011
	Today, an agreement between PSC “TAIF”, the Ministry of Culture of the Republic of Tatarstan and the Republican Foundation “Revival” (the Republican Foundation of Historical and Cultural Memorials’ Revival of RT) was signed in the town-island Sviyazhsk pursuant to opening of the Complex of Public Institutions after their revamp and restoration.

	28.04.2011
	PSC “TAIF” summarized the results of operation in 2010 Today the Annual General Meeting of PSC “TAIF” Shareholders was held to summarize the results of operation in 2010. The President of Tatarstan Republic Rustam Nurgalievich Minnikhanov took part in this meeting. A report on the results of 2010 operation was presented by the General Director of PSC “TAIF” Mr. Albert Shigabutdinov, where he said that the major tasks set by the government of the republic and the shareholders to TAIF Group in the past year had been fulfilled. Total volume of investments made by TAIF Group in 2010 amounted to RUB 22 billion that is by RUB 9.1 billion (+71%) higher year-on-year. The aggregate revenue of TAIF Group amounted to the highest ever value – RUB 340 billion. EBITDA exceeded RUB 54 billion. The net profit amounted to RUB 33 billion. Over RUB 33 billion of taxes and charges were allocated to all-level budgets, including RUB 9 billion – in the consolidated budget of Tatarstan Republic that is 3 times higher if compared to 2009. In charity, social affairs, support of sports, healthcare and culture, over RUB 10.3 billion was allocated, and RUB 3.4 billion - in environmental protection and ecology. Also, at the meeting, the Annual Report, annual accounting statements including Income Statement, and profit distribution according to the results of the financial year 2010 were approved. Besides, a new Board of Directors of the holding company – PSC “TAIF” – was elected. The First Deputy General Director of PSC “TAIF” Sulteev Rustem Nurgasimovich was reelected as Chairman of the Board.

	24.04.2011
	April 22 annual general meeting of shareholders Kazanorgsintez. The meeting was attended by President of Tatarstan Rustam Minnikhanov. A report on the results of JSC Kazanorgsintez made ??CEO Leonid Alekhin. He said that the main event in 2010 was the completion of the investment program of the first stage of modernization "Kazanorgsintez", adopted in 2004. In 2010, JSC Kazanorgsintez achieved a net profit of 1.14 billion rubles, compared with a loss a year earlier. According to Leonid Alekhin, Kazanorgsintez for the year increased revenue and a half times - from 22.50 billion rubles in 2009 to 33.73 billion in 2010.

	20.04.2011
	OAO Nizhnekamskneftekhim pays the coupon yield on NKNH-2012 (LPN) Eurobonds and redeems a tranche totaling to 39 million 881 thousand and 640 US dollars On April 20, 2011 NKNK FINANCE PLC paid out the yield in the amount of 6 million 83 thousand and 640 US dollars to the holders of NKNH-2012 Eurobonds and redeemed 1/3 portion of the bond issue in the amount of 33 million 798 thousand US dollars as per the redemption schedule. On November 3, 2009 OAO Nizhnekamskneftekhim exchanged a portion of NKNH-2015 Eurobonds for new NKNH-2012 Eurobonds for redemption in 2012 at coupon rate 12 per cent per annum. Coupon payments shall be made every six months. The date of final redemption shall be April 20, 2012. A specially established company NKNK FINANCE PLC (Ireland) became the issuer of the Eurobonds and Citibank is the arranger of the issue. The volume of NKNH-2012 Eurobond floatation was 101.394 million US dollars. Our company never had any defaults in its business and the payments of coupon yields and the principal debt on all primary obligations were made in due time.

	18.04.2011
	April 18 began to work the official site of JSC "TGC-16" - a subsidiary of TAIF. Site TGC-16 is made at a high professional level in a single corporate style of the Group TAIF. Along with informative emphasis on vivid graphics, and the contextual effect of promo-site. Main purpose of the site - the development of the company's brand, as well as providing maximum convenience for information about the company. From now on all visitors - customers, partners, representatives of the media - can read for free access to the company, watch the latest news, information on the tendering procedures, as well as through the electronic trading platform "OnlineContract" to take part in tenders for TGK-16. Site Address: www.tgc16.ru

	15.04.2011
	April 15, 2011 the General Meeting of shareholders of Nizhnekamskneftekhim, which summed up the company in 2010. The meeting was attended by President of the Republic of Tatarstan Rustam Minnikhanov. A report on the financial-economic activity was made by Director General of Nizhnekamskneftekhim Vladimir Gagarin. Results of 2010 became joint stock company for a natural result of focused work to implement the chosen ten years ago, the vector of strategic development. The sales volume reached 94.4 billion rubles. that a half times higher than the previous year. Profits from sales exceeded 12 billion rubles. or four times exceeded the level of 2009. Net profit for the first time exceeded 7 billion rubles. The company's capitalization has grown in 1,7 times and reached 39.3 billion rubles.

	12.04.2011
	NewgradesofplasticsaremasteredatOAONizhnekamskneftekhim Three new grades of polypropylene РР7445LM, РР8334SM and РР4445S are mastered at Polyolefins Plant of OAO Nizhnekamskneftekhim. Currently they are passing operational testing at the processers’ plants. The plant monthly produces up to twenty grades of polypropylene – homopolymers, random copolymers and block copolymers. Year by grade range of the products produced shifts to production of complex and import-substituting grades, primarily block copolymers and random copolymers. Output of visbreaking homopolymers like РР1362R and РР1365S has been developing as regards quality and production volume. Polypropylene of РР1362R grade is successfully consumed at the enterprises of Nizhnekamsk Industrial region: Polimatiz. Elastik, industrial park Kamskie Polyany. Homopolymer of RR1525J grade used for the production of BOPP (biaxially oriented films) withstood the test of time and acquired its regular customers. Today Polyolefins Plant produces 44 grades of polypropylene and 29 grades of polyethylene.

	11.04.2011
	OAO Nizhnekamskneftekhim was awarded Grand Prix diploma “For implementation of energy-saving technologies of pertochemical plants” following the results of annual exhibition “Fuel and energy complex of Russia in XXI century”, held within the framework of Moscow International Energy Forum “Fuel and energy complex of Russia in XXI century”. Enterprise is also awarded the diploma “For success achieved in the field of energy saving" and Commemorative of Moscow International Energy Forum partner “Fuel and energy complex of Russia in XXI century”. Exhibition “Fuel and energy complex of Russia in XXI century” is an annual exposition within the framework of Moscow International Energy Forum. At this exhibition regional investment projects and achievements of Russian and international companies in the field of fuel and energy complex are traditionally presented.

	08.04.2011
	From 01 to April 4, 2011 in St. Petersburg hosted a V All-Russian Conference "Ecology and production. Prospects for the development of economic mechanisms of environmental protection "and the finale of the" 100 best enterprises of Russia. Ecology and Environmental Management. " As a result of competition Kazanorgsintez are awarded the Diploma of the winner of competition "100 best enterprises of Russia. Ecology and Environmental Management ", a gold medal. In addition, a separate nomination CEO society Leonid Alekhin was awarded with "Ecolog Year 2011" and sign "The best manager of environmental services" is marked by the deputy chief engineer - head of the department of ecology Andrew was silent. To participate in the project by Kazanorgsintez filed documents that reflect the performance of the enterprise with the environmental legislation of the Russian Federation and Tajikistan, the requirements of GOST R ISO 9001-2008 (ISO 9001:2008), ISO 14001-2007 (ISO 14001:2004) compliance with "Environmental Action Plan, aimed at preventing the harmful effects of the objects of exploitation on the environment by Kazanorgsintez in 2010. The prestige of this event, organized under the patronage of the Federation Council with the participation of the Chamber of Commerce in Russia, Russian State Duma, the Ministry of Natural Resources, the General Prosecutor's Office, the International Academy of quality and marketing, confirms the participation of companies, enterprises, institutions that have reached the most successful results in environmental performance. To determine the best of the best in the field of ecology Russia expert advice worked out the main criteria, which were the basis of the implementation of specific environmental projects that reduce negative impacts on the environment, the availability and implementation of environmental programs. As a result of competition Kazanorgsintez "confirmed the reputation of an environmentally responsible company that has achieved significant results in the field of environmental protection and ecological management.

	25.03.2011
	Assuarance of safe working conditions and health advocacy – determinant of ОАО "Nizhnekamskneftekhim" development Reapproved labor protection and industrial safety policy was brought into being at ОАО "Nizhnekamskneftekhim". It as before makes known the provision of safe working conditions and staff health advocacy to be one of the main corporate priorities and one of the determinants of its own development. Compared to the earlier active policy the new one covers far more extended sphere of responsibilities of ОАО "Nizhnekamskneftekhim" management taken to minimize industrial risks, avert risk of occupational traumatism and work-related diseases of employees, provide continued operation of labor protection and industrial safety management system based on the best world standards and allocation resources required for working conditions improvement. Event list to exercise the policy became much more broader. Among other things assuarance of openness and information in the field of industrial safety will be made by adequate communication and dialogue with all the parties concerned.

	14.03.2011
	Meeting of Board of Directors of OAO Nizhnekamskneftekhim On March 14, 2011, a regular Meeting of the Board of Directors of OAO Nizhnekamskneftekhim was held in Kazan under the chairmanship of Mr. A. Shigabutdinov, General Director of OAO TAIF, Chairman of the Company’s Board of Directors. Members of the Board of Directors tentatively approved of the Company’s Annual and Social Reports for 2010. The Board of Directors recommended to pay dividends based on the results of the Company’s financial and economic activity in 2010 in the amount of 30 percent of net income, which makes RUR2.152 bln., or RUR 1.176 per each ordinary and preferred share. The Board of Directors approved of the Agenda of the Annual Meeting of Shareholders, the Announcement for publishing purposes, the form and texts of voting bulletins; list of information items to be provided to the shareholders; amendments and addendums to the Statute and internal documents. The Annual Meeting of Shareholders of OAO Nizhnekamskneftekhim will be held on April 15, 2011, at 10 a.m. at the Company Headquarters. Based on the results of the tender on selection of an independent auditor of OAO Nizhnekamskneftekhim in accordance with Russian Accounting Standards (RAS) and International Financial Reporting Standards (IFRS), PricewaterhouseCoopers was recommended as an auditor for 2011 for approval at the General Meeting of Shareholders. The Board of Directors took notice of information about payables and receivables of OAO Nizhnekamskneftekhim, metrics of the Company’s financial stability, the progress of implementing activities focused on improvement of occupational and industrial safety, as well as of the Company’s business in the stock market, credit ratings and capitalization.

	07.02.2011
	Results in the Field of Intellectual Property Summarized for 2010 OAO Nizhnekamskneftekhim’s Portfolio of Intellectual Property was replenished with four RF Certificates of State Registration of computer programs. Documents of title in confirmation of the Company’s exclusive rights for said programs were obtained from Rospatent in December, 2010. All 4 programs are being successfully applied in the production and commercial activities of the Company. According to legal protection regulations with regard to technical solutions and individualization instruments as of December 31, 2010, 395 patents of invention, 62 useful model patents, and 42 trade mark certificates were obtained in favor of OAO Nizhnekamskneftekhim. Based on the results of 2010, the Company innovators filed 488 applications for technical innovations, more than 1260 employees were involved in technical creativity. The percentage of young innovators within the number of authors of technical solutions increased compared to the previous year and amounted to 37%. The quantity of implemented technical innovations, inventions and utilities grew by 6.7%.

	31.01.2011
	Nizhnekamskneftekhim for the fifth time participates in the Interplastica trade fair OAO Nizhnekamskneftekhim for the fifth time participated in the specialized international trade fair for plastics and rubber products manufacturers Interplastica 2011, which took place in January 25-28, 2011 at the Krasnaya Presnya Expocenter in Moscow. The company’s stand traditionally attracted the attention of a large number of potential Nizhnekamsk plastics customers. Currently the total capacity of polystyrene, polypropylene, and polyethylene produced by OAO Nizhnekamskneftekhim amounts to 600 thousand tons. At present the company produces 15 grades of polystyrene, 38 grades of polypropylene and 12 grades of polyethylene. A total of more than 900 companies from 30 countries exhibited their stands at the trade fair. About 25,000 peoples from different parts of Russia and foreign countries familiarized themselves with the new developments in the field of plastics and rubber industry.

	31.01.2011
	OAO TAIF-NC in 2010, achieved a net profit of 7.2 billion rubles, according to CEO Alexander Babynin. Net profit of JSC in 2009 amounted to 616 million rubles. Thus, at the end of last year it increased 11.7 times. Mr Babynin noted that the low rate of profit in 2009 was the result of the crisis in the economy. Before the crisis, in 2008 the company received 5.2 billion rubles of net profit. Increase in profits in 2010, CEO connects with the growth of markets, as well as the optimization system of sales and use previously made the "technological developments". Revenue in the company last year reached 92.6 billion rubles (growth by 24,5% compared with 2009). The total processing of raw materials neftekompleksom was 8.1 million tonnes, while it processed 7.3 million tons of oil, the remaining part accounts for gas condensate. Of light oil products was 64%, the depth of processing - 73,5%.

	19.01.2011
	Collective agreement for 2011 was approved On January 19 labour collective conference was held at OAO Nizhnekamskneftekhim where fulfillment of collective agreement for 2010 was summarized and a document which regulates relationship of collective and company’s management in 2011 was approved. At the conference V.Busygin General Director of OAO Nizhnekamskneftekhim reported about the results of company’s financial and economic activities in the reference year. Last year the collective achieved the highest performance in the whole history of the company. Sales proceeds reached 94 billion rubles that is 57 % more than in 2009. Net profit exceeded 7 billion rubles. This enabled company’s management to pay the so called 13th salary to the company’s employees based on the results achieved by the year end. Supplements and premiums have been paid provided for by collective agreement and all one-off payments were made. Retired employees received payments for anniversaries and holidays and pension supplements. Within the framework of the voluntary health insurance agreement 132 million rubles were allocated through “Spasenie” company in the reporting year for medical examination and treatment of petrochemists. According to the Provisions 100 young families received loans for goods of first priority totaling 5 million rubles. Employees who served in the Army were paid assignment allowances in the amount of 5000 rubles, new employees – 3000. In reporting year more than 229 women received financial assistance for the newborn, more than 2 million rubles were allocated for these purposes. 119 employees raising handicapped children received financial assistance totaling 515 thousand rubles. 16 million rubles were transferred to the account of the trade union committee for development of cultural, educational and recreational activities for 12 months of 2010. Financing of project construction for nonproductive purposes in 2010 reached 267 million rubles. The company’s total social payments amounted to about two billion rubles at the year end. Within the framework of activities on reduction of negative impact on environment the amount of contaminants release into the atmosphere was reduced by 19 thousand tons over the last 5 years. The reduction was achieved due to the technological equipment replacement for more advanced one and optimization of technological process control mode. At the conference A.Khairullin the chairman of trade union committee of ОАО Nizhnekamskneftekhim reported on collective agreement fulfillment. A. Metshin, the head of Nizhnekamsk municipal region, took part in the conference. Conference delegates considered collective agreement for 2010 completely fulfilled. In the document which regulates relationship between employer and employee for 2011 all the bonuses and payments included in collective agreement 2010 remain valid. Central Committees for labor disputes and social insurance also were elected at the conference.

	03.12.2010
	Nizhnekamskneftekhim is a Leader in the Environmental Activity Again OJSC Nizhnekamskneftekhim was pronounced the winner of all-Russian environment-related review competition for the fifth time and awarded the title of honor “Russia’s Environmental Activity Leader 2010”. The award was made on November 30th in the State Kremlin Palace within the VI All-Russian Conference “New Priorities of National Ecological Policy in Real Economy” dedicated to ecological safety, economical development and human life environment improving matters as well as to development of ecological policy project in the Russian Federation for the period until 2030. All-Russian review competition “Russia’s Environmental Activity Leader” is annually held to socially encourage the plants for their vigorous activity in the field of environment protection and rational nature management facilitating resilient growth of the Russian economy, population health improvement and ecological safety of the country.

	01.12.2010
	Ildar Khalikov; ‘Thanks to “Rubin” Kazan is world-wide known’ Members of the Guardian council of “Rubin” Football Club discussed matters related to further club’s development, material and technical base growth and development of football in whole. Today there was held a meeting of the Guardian council of “Rubin” FC in the Government House where Mr. Rustam Minnikhanov, the President of the Republic of Tatarstan took a part, according to the press center of the President of RT. The meeting was also attended by Mr. Ilshat Fardiev, Deputy Prime-Minister of RT - Minister of RT on Power, Mr. Alexander Gusev, President of “Rubin” Football Club – Deputy Chairman of the State Council of RT, Mr. Ilsur Metshin, Kazan City Mayor, Mr. Albert Shigaboutdinov, General Director of PSC TAIF, and Mr. Kurban Berdyev, Vice-President of “Rubin” FC – Head Coach. The Guardian council’s members were bestowed by Mr. A. Gusev with bronze medals of the Russian Premier League Football Championship. Let us recall that the “Rubin” Football Club became a bronze medalist of 2010 Russian Premier League Football Championship. The players, the coaching staff and the Football Club personnel were honored in Pyramid Cultural and Entertainment Complex yesterday. Mr. I. Khalikov, Prime-Minister of RT, and Mr. I. Metshin, Kazan City Mayor, participated at that festive occasion. While congratulating “Rubin” players the Prime-Minister noted that “Rubin” is not only a well-known team now but also a beloved one. ‘Thank you very much for thousands of Tatarstan boys which learning by example of yours, go in for sports. Owing to you our capital Kazan, the Kremlin and the Kul-Sharif Mosque have become world-wide known’, said the head of RT’s Government. Mr. I. Khalikov on behalf of the President of Republic of Tatarstan bestowed to “Rubin” players the State awards “For Valuable Contribution in Physical Education and Sport Development”.

	31.07.2010
	In the first six months, OJSC “Nizhnekamskneftekhim” received net profit according to the RAS in the amount of RUB 3.46 billion versus RUB 407 million of net loss year-on-year. As reported by “Nizhnekamskneftekhim”, the company’s net profit in the second quarter amounted to RUB 2.02 billion, i.e. it rose by 41% comparing to the first quarter. The company explains the growth in net profit by the increase of sales revenue and decrease of selling expenses. TAIF Group controls 79.3% of the company’s voting shares, among them 50% of shares that are the trust stocks.

	09.02.2010
	OJSC “Nizhnekamskneftekhim” took part in the 13th International Specialized Exhibition of raw materials, secondary materials and equipment for production and processing of plastics and rubber “Interplastica-2010” held at the end of January this year in the ExpoCenter on Krasnaya Presnya. Approximately 500 companies from 28 countries participated in the exhibition.

	05.02.2010
	Euronews TV channel and its Russian representation – “Telco Media” company – expressed gratitude to the General Director of PSC “TAIF” Mr. Albert Shigaboutdinov and his team for their high professionalism and efficiency in addressing the issues connected with sponsorship of the program “Davos 2010” at EuroNews Channel. News on the crucial issues raised during the work of the 40th World Economic Forum in Davos held from 27 to 29 January 2010 were broadcasted in a specialized TV magazine presented by TAIF Group of Companies at EuroNews Channel.

	05.02.2010
	Euronews TV channel and its Russian representation – “Telco Media” company – expressed gratitude to the General Director of PSC “TAIF” Mr. Albert Shigaboutdinov and his team for their high professionalism and efficiency in addressing the issues connected with sponsorship of the program “Davos 2010” at EuroNews Channel. News on the crucial issues raised during the work of the 40th World Economic Forum in Davos held from 27 to 29 January 2010 were broadcasted in a specialized TV magazine presented by TAIF Group of Companies at EuroNews Channel.

	02.02.2010
	PSC «Kazanorgsintez» (KOS) took part in the International Specialized Exhibition of Plastics and Rubber “Interplastica 2010”. The exhibition was held on January 26 – 29, 2010; a broad choice of equipment and materials was presented there: machinery and equipment for production of plastics and rubber, primary processing and recycling facilities, tools and peripheral equipment, measurement, management, adjustment and control tools, plastics and rubber products, logistics, storage equipment etc. PSC «Kazanorgsintez» presented practical results of the implementation of the first stage of a strategic development program at the exhibition. Visitors’ attention was caught especially by optical-purpose, extrusion-type and molding-purpose products of the Polycarbonates Plant, a tube made of Polyethylene 100, samples of low-density polyethylene Grade PE2NT18-11, bimodal-type high-density polyethylene composition Grade PE2NT11-285D. Participation in the international exhibition gave an opportunity to KOS to find new partners and extend the market space for the products presented.

	22.12.2009
	By the decree of the Economic Council of the Commonwealth of Independent States (CIS) dated December 11, 2009 OJSC “Nizhnekamskneftekhim” was awarded a Prize 2009 for achievements in the quality of products and services. This Prize is awarded every other year on the basis of a competition to organizations of CIS member states for significant results achieved in such fields as quality and safety of their products and services as well as introduction of high-performance quality control methods.

	17.11.2009
	Prime-Minister of the Russian Federation Vladimir Putin held a meeting in Nizhnekamsk on the issues of the development of gas and petrochemical industries of Russia. Following the results of the meeting the Head of the Russian Government said the suppliers and consumers of raw materials had managed to agree on prices, terms and volumes of supply. OJSC “Kazanorgsintez” and OJSC “Gazprom” agreed upon a new structure of supply of ethane. Within the framework of the trip to Nizhnekamsk Vladimir Putin had a meeting with the President of Tatarstan Mentimer Shaimiev and visited some petro- and gas- chemical enterprises of the Republic, including OJSC “Nihnekamskneftehim” (NKNH) that is a part of TAIF Group. At NKNH, after visiting the rubber production unit, Vladimir Putin noted that that quality of its products satisfies not only domestic industry but also the world best autotyre producers.

	13.10.2009
	State Commission on Improvement of Sustainability of National Economy headed by Senior Vice-Premier Igor Shuvalov approved granting of state guarantees to the total amount of almost 26 billion rubles to four Russian companies. Among them, 10 billion rubles were granted to “Kazanorgsintez” and 7,5 billion rubles - to “TAIF” company.

	03.09.2009
	On September 3, 2009 in Bolshoy Study Hall, National Library of the Republic of Tatarstan (RT), TAIF and Tatar Fund of Safeguarding and Development of Tatar Language and Culture “Zhien” made a donation of two books – “Tale about Kazan” by Ravil Bukharaev and “Tatar Cuisine” by Mikhail Medvedev – to the library. Both deluxe editions were presented in two copies – in Russian and in English. Words of appreciation to TAIF were told by the Head of Committee on Culture, Science, Education and National Issues of RT State Council, Head of National Library Guardianship Board Razil Valeev, famous playwright and public figure Tufan Minnulin, legendary singer Ilham Shakirov, and poet and writer Garay Rakhim. Social and charity programs comprise one of the most important elements of “TAIF” Group’s corporate strategy.

	01.09.2009
	Optical polycarbonate РС-075, whose qualities fully meet the specifications and technical requirements stated, was produced in the polycarbonate plant PSC “Kazanorgsintez”. РС-075 grade will be used for production of optical data carrier such as CD, DVD etc.; also it may be used for production of composite materials for motor-car industry. Production of polycarbonates in OJSC “Kazanorgsintez” is designed according to the technology of a Japanese company “Asahi Kasei Chemicals Corporation” and at the time being it is the only polycarbonate production in Russia and CIS.

	08.06.2009
	OJSC “Nizhnekamskneftekhim” became the first-class laureate of the National Ecology Prize “EcoWorld”. Heretofore, once OJSC “Nizhnekamskneftekhim” became the third-class laureate of “EcoWorld” Prize and two times the second-class laureate of this Prize. Participation for the fourth time in this project brought to the company the title of first-class laureate in the nomination “Ecological policy” for the development and implementation in 2008 of the “2007-2015 Ecological Program” and the “2004-2008 Environmental Management Program”. The ceremony of the National Ecology Prize “EcoWorld” took place in the State Duma of the Russian Federation Federal Assembly on June 4.

	03.06.2009
	Annual Meeting of Shareholders of OJSC “Nizhnekamskneftekhim” was held on the results of the Company’s operation in 2008 with participation of Rustam Minnikhanov, the Prime Minister of the Republic of Tatarstan. In spite of the negative influence of the global financial crisis, OJSC “Nizhnekamskneftekhim” proved its position of the leading petrochemical producer in the Russian market. In the year under report the Company’s commercial production output exceeded the amount of 70 billion rubles; the product sales proceeds reached 70.9 billion rubles. The sales profit amounted to more than 7.4 billion rubles. The Company made payments to the budgets of all levels in due time and in full measure. These payments in 2008 came to 5.7 billion rubles. After the shareholders meeting the first meeting of the new board of directors was held and Albert Shigaboutdinov, General director of PSC “TAIF”, was again elected as the Chairman of the Board and the authority of Vladimir Busygin was confirmed as the General director of OAO Nizhnekamskneftekhim.

	29.05.2009
	Fuel for jet engine of RT grade produced by PSC “TAIF-NK” successfully passed all tests and was issued the relevant certificate that it met all requirements of highest quality fuels. Having this certificate PSC “TAIF” can realize its jet fuel to a wide range of consumers of the Russian Federation. The quality assessment of PSC “TAIF-NK” jet fuel was made by the Russian experts of the center of certification of aircraft fuels, lubricants and special liquids of relevant authority body. PSC “TAIF-NK” produces jet fuel using the high-tech, up-to-date equipment. The quality characteristics of jet fuel ensure the safety driving of air transport during the transportation of passengers and cargoes. The rated capacity of the units for production of jet fuel is 600 thousand tons per year. High quality of jet fuel, as well as other motor fuels, produced by PSC “TAIF-NK” is the key goal of the Company’s activity. In 2009, PSC “TAIF-NK” aims to significantly increase the share of sales of jet fuel on the market of the Russian Federation. The prospective development of PSC “TAIF-NK” presupposes the production of Jet А-1 jet fuel.

	22.04.2009
	Today, on the Annual General Shareholders Meeting of OJSC “Tattelecom” Albert Shigaboutdinov, General Director of PSC “TAIF”, received the gratifying letter from the Cabinet of the Republic of Tatarstan for his contribution to the sector of informatization and communications. The letter points out the great merits of Albert Shigaboutdinov as the Chairman of OJSC “Tattelecom” Board of Directors in the significant successes of the Company. Albert Shigaboutdinov received, as well, a memorable sign of the Chairman of Board of Directors 2005-2009.

	20.04.2009
	On the VIth Republican contest of beauty and maternity "Nechkyabil-2009" that took place in the Cultural and Entertaining Complex "Pyramid", Maria Davydova, Equipment Engineer of OJSC “Nizhnekamskneftekhim”, was awarded the title "Altyn Nechkyabil - 2009" ("Gold Nechkyabil"). Congratulations!

	09.04.2009
	Today, on April 09, 2009, Albert Shigaboutdinov, General Director of PSC “TAIF” and General Director of OJSC “Kazanorgsintez” Leonid Aleokhin held a meeting with the journalists of expert Russian and foreign mass-media: Reuters News (Great Britain), Moscow Times (Russia), The National (USA), Business New Europe (Great Britain), «Bloomberg» Data & News Agency (Great Britain), Russia Today TV-Channel and «Vesti» TV-Channel (Russia). The meeting was organized in the run-up to “Week of Russian Business”. General Director of PSC “TAIF” Albert Shigaboutdinov described in details to the representatives of mass-media about the business of TAIF GROUP, the projects realized in 2008-2009, and the anti-recessionary measures that the company undertook to cope with the economic crisis.

	08.04.2009
	The Central Gas Fractionating Unit in the Divinyl & Hydrocarbon Feedstock Plant has refined the 50 millionth tone of feedstock since it had been put on stream. The Central Gas Fractionating Unit is the very first production unit constructed at OJSC Nizhnekamskneftekhim. This most experienced staff keeps promptly take up the changing needs of the company in different kinds of feedstock and successfully brings off the set tasks.

	07.04.2009
	The Quality Management System at ОJSC Nizhnekamskneftekhim meets requirements of the International Standard ISO 9001 : 2008, such is the conclusion of the auditors of the Association for Quality System Certification IQNet (COS of the Czech Republic) in the course of the re-certification audit held from March 30 to April 3 current year at OJSC Nizhnekamskneftekhim. Conformity of the Quality Management System to the International Standard ISO 9001 is regularly proved by auditors for the last 10 years. The specialists of the audit team highlighted continuous improvement of the Quality Management System at ОJSC Nizhnekamskneftekhim.

	06.04.2009
	At the beginning of each year the Privolzhskiy Customs Board summarizes the results of the contest “Customs Olympus” and on the meeting of Advisory Council awards the diplomas to the winners of the contest in three categories. Following the results of the 2009 contest that evaluated the work done in 2008, the temporary storage warehouse of OJSC “Kazanorgsintez” took the 2nd place in the category “Best customs terminal of the Privozhskiy Federal District” and received the diploma of the contest “Customs Olympus” . It was selected among other over 100 temporary storage warehouses participating and representing f 15 regional customs of the Privozhskiy Federal District”. When summarizing the results of the contest, the places were allocated based on the following main results of the temporary storage warehouses’ operation: - equipment of the storage warehouses in accordance with the requirements of the customs legislation; - turnover of the temporary storage warehouses; - non-breach of the customs legislation during the operation of the temporary storage warehouses. We remind that “Customs Olympus” contest was established in 2000 by the Privolzhskiy Customs Board in three categories: - Best exporter of the Privolzhskiy Customs Board; - Best customs terminal of the Privolzhskiy Customs Board; - Best customs carrier of the Privolzhskiy Customs Board. To reach such a high evaluation, the storage warehouse of OJSC “Kazanorgsintez” has done a huge amount of work for increasing the useful space, for adding equipment in accordance with the requirements of customs legislation and for preventing any breach of legislation. For three straight years, the temporary storage warehouse of OJSC “Kazanorgsintez” was nominated for the contest “Customs Olympus” of the Privozhskiy Federal District as the best temporary storage warehouse in the sphere of activity of Tatarstan Customs. It should be mentioned that for only two times in the history of the contest “Customs Olympus”, the temporary storage warehouses nominated by Tatarstan customs for the contest of the Customs Board as the best warehouse in the sphere of activity of Tatarstan Customs were awarded such the high evaluations: - the 3rd place for the work done in 2005 (the temporary storage warehouse of OJSC “Nizhnekamskneftekhim”) - the 2nd place for the work done in 2008 (the temporary storage warehouse of OJSC “Kazanorgsintez”)

	02.04.2009
	OJSC Nizhnekamskneftekhim executed the offer of its series 4 ruble bonds in due time and to the full extent. Under the current situation of financial crisis and unstable situation at the global and Russian financial market, OJSC Nizhnekamskneftekhim once again confirmed its image of a reliable borrower and a first-class issuer.

	20.03.2009
	Decree of the Government of the Russian Federation of March 10, 2009 № 221 established the list of research works and teams to receive the 2008 Russian government prizes in science and technology. The list of laureates includes General Director of PSC “TAIF” Albert Shigaboutdinov, Deputy General Director of PSC “TAIF” Vladimir Presnyakov, General Director of OJSC “TAIF-NK” Alexander Babynin, Director of auto-petrol plant of OJSC “TAIF-NK” Amil’ Kalimullin. They received this high award for the development of process of catalytic cracking – hydro treating of sulphur feedstock and implementation of large-scale industrial production of high-octane auto gasoline.

	19.03.2009
	Branch “Bank Tatarstan” of the Savings Bank of the Russian Federation granted the credit tranches of RUB 4.9 billion to OJSC “TAIF-NK” and PSC “TAIF” within the limits of the credit lines opened in December 2008. Total limit of credit lines opened for PSC “TAIF” and OJSC “TAIF-NK” is RUB 6 billion with a maturity period up to one year. Revolving credit lines are designed to be taken in separate tranches for the financing of short-terms needs of the companies. TAIF GROUP has been cooperating with the Savings Bank of the Russian Federation since 2002. Over this period, the Bank financed the Company’s largest investment projects for total amount of RUB 13.9 billion, including the reconstruction of a number of the OJSC “Kazanorgsintez” facilities, the construction of Nizhnekamsk motor gasoline plant, and other projects.

	17.03.2009
	Federal State Institution «Tatarstan center of standardization and metrology” organized the contest «For the best achievements in testing 2008» among 78 licensed and analytical laboratories of Tatarstan. According to the results of the contest, the laboratory of Auto-petrol plant of OJSC «ТAIF-NK» became a winner in the category «Testing of chemical and petrochemical production» and was awarded the Laureate Diploma «For the efficient operation of management system». According to Mr. Gogin, Director of Federal State Institution «Tatarstan center of standardization and metrology”, OJSC «TAIF-NK» is the only company in Tatarstan that can keep quality and monitoring of quality of its production (including motor gasolines) in accordance with the requirements of technical regulations.

	05.03.2009
	General Director of PSC “TAIF” Albert Shigaboutdinov was elected the Deputy of State Council of the Republic of Tatarstan of the fourth convocation. Albert Shigaboutdinov was proposed as a candidate for the Gagarinskij district of Kazan by “Edinaja Rossija” political party owing to his position of the recognized industrial specialist, experienced manager, active public person.

	26.02.2009
	Eight specialists of OJSC “Nizhnekamskneftekhim” were given the awards in 6 categories of the contest “Engineer of the Year - 2008” and were included in the Register of professional engineers of Russia. Two winners in the category “Chemistry” received the honorary diplomas, commemorative medals, certificates. Six another people employed in the petrochemical sector received the silver badges and certificates in the categories “Chemistry”, “Quality management”, “Informatics, informational networks, computer engineering”, “Power engineering” included in “Professional Engineers of Russia”; and two company’s specialists were awarded the title “Winner of the first round of All-Russian Contest “Engineer of the Year” included in “Engineering skills of the Young”.

	24.02.2009
	Today, the ceremonial meeting took place in Nizhnekamsk on the occasion of commissioning of polyethylene production plant of OJSC “Nizhnekamskneftekhim”. Thus, the first stage of the program for start-up of production of plastics from the own-produced monomers was completed. The another occasion for the meeting was the start-up of the complex of a number of facilities on the Refinery of OJSC “TAIF-NK”. This milestone marked the completion of the Republican project of large-scale production of ecologically clean motor fuels. The meeting was conducted with the participation of President of the Republic of Tatarstan Mintimer Shaimiev. During his speech addressed to the workers of the RT President M. Shaimiev emphasized: “This should be the landmark event because despite the global crisis you have managed to construct and start a new production facility”. The President also noted that this event was of particular significance not only for the economy of Nizhnekamskneftekhim Inc. but also for the town and the Republic as a whole.

	10.02.2009
	OJSC «Nizhnekamskneftekhim» put into operation one more new production of plastics. In early-February this year, the first lot of marketable polyethylene was produced on the polyolefines plant. The production facility in Nizhnekamsk is developed for production of granulated polyethylene of black and natural colors with some grades produced in the Russian Federation for the first time. As part of the program of prospective development, OJSC “Nizhnekamskneftekhim” completed the program for production of new types of products including polystyrene, polypropylene, and polyethylene.

	09.02.2009
	OJSC “TAIF-NK”, the subsidiary company of TAIF GROUP, bought a network of gasoline stations from CJSC «Tatsol», OJSC «Tatneftekhiminvest holding», and CJSC «Khimproming» from Moscow. “Tatsol» network consists of 10 stations with eight of them situated in Kazan. In 2008, OJSC “TAIF-NK” launched the program of creating of own retail network. As of today, OJSC “TAIF-NK” owns 18 gasoline stations. By the end of the year, the “TAIF-NK” network will be expanded to 30 gasoline stations. “TAIF-NK” intends to use the network for selling of branded gasoline of Euro-4 quality.

	05.02.2009
	Ilshat Aminov, General director of TV and Radio Broadcasting Company “Tatarstan-New Age” was awarded medal of Muslim Religious Board of the Republic of Tatarstan. The awarding ceremony took place in the residence of mufti of Tatarstan. During the ceremony mufti Gosman-Khazrat said that this medal justly recognized the attention having paid by Radio Broadcasting Company “TNV” to the spiritual values of Tatar people. “TNV” broadcasting includes a number of religious programs and covers the events of the Republican Muslim Religious Board on a regular basis. The Republican television plays an important role in creating a positive image of islam that, in its turn, helps to keep inter-confessional harmony.

	21.01.2009
	OJSC “Niznekamskneftekhim” held a labor collective Conference which summed up the 2008 Collective Agreement implementation and adopted a 2009 Collective Agreement. The 2008 commodity output in money terms amounted to over RUR 70 bn, in comparable prices that is more than 106.4 % against the year past. Product sales proceeds reached RUR 70.9 bn, which is RUR 7.7 bn above the obligations assumed. Sales profit totaled over RUR 8 bn. On the whole, tax payments of OJSC “Nizhnekamskneftekhim” to the budgets of all levels constituted over RUR 5.6 bn. By 2008-end, the average wage in the Company reached RUR 22,500.

	15.01.2009
	By the Decree of the President of the Russian Federation Vladimir Michailovich Malafeev, General Director of LLC “Kamgesteploenergostroy”, Deputy General Director of PSC “TAIF” for building, construction and renovation, was honored by the title of the “Honored builder of the Russian Federation”.

	30.12.2008
	In 2008, the following production of OJSC “Kazanorgsintez” became the laureates of the contest “100 best products of Russia”: - Bisphenol – A (diphenylol propane); - Composition of bimodal HDPE PE100 grade PE2NT11-9; - Butyl cellosolve technical grade. As Bisphenol-A and PE2NT11-9 production was started recently, these products were granted the status “Innovation of the Year”. The board of organizers of “100 best products of Russia” Program awarded First Deputy General Director - Technical Director for Production and Development of OJSC “Kazanorgsintez” Vladimir Kudryashov with the sign “For achievements in quality improvement”, Deputy Workshop Manager of the 152nd HDPE Plant Maxim Burda – with the sign “For high quality”. Russian Contest “100 best products of Russia” is the strategic project of the Program “100 best products of Russia”. This Program was launched by the Federal Agency for technical control and metrology, Interregional Social Organization “Academy of quality problems” and Editorial of “Standards and quality” magazine. The program was established in 1998. The contest is aimed at encouragement and practical assistance to the companies so that they can reach the strategic goals of sustainable development; to support the companies’ operation with the renewed Federal law “On technical regulation”; qualitative improvement in gross domestic product (GDP) and national projects, launched by the President of the Russian Federation. Participation in the contest of the Program “100 best products of Russia”, among other, allows to compare the results of one Company with the results shown by the colleagues and partners from other regions. Through the 10 years of the Program’s history, the external assessment methods were elaborated. As a result, the goods and services with the sign of the contest are popular with people. In 2008, “100 best products of Russia” was carried with the tag line “Clean air, fair relations, protected Nature, high technologies – for all and everybody”. OJSC “Kazanorgsintez” has taken part in the Contest since 2001 while its production have become the laureates for several times already.

	23.12.2008
	The ceremony of awarding the winners of the award issued by the Ministry of Natural Resources of the Russian Federation “The best ecological project of the year” took place in Moscow, where OJSC “TAIF-NK”, the subsidiary company of TAIF GROUP, became the winner in the nomination “Ecological efficiency of the economy”.

	22.12.2008
	22 December 2008, " Nizhnekamskneftekhim " INC paid returns of US $ 8.5 m to eurobond holders in full and in time . The eurobonds of "Nizhnekamskneftekhim" INC, which inaugural issue took place at 2005 year-end, have been admitted to the official listing and are traded at the Irish Stock Exchange (Dublin). A eurobond issuer was a specially-established company NKNK FINANCE PLC ( Ireland ), issue sponsors – “MDM Bank” and IC “Troika Dialog”. The eurobond issue amounted to US$ 200m, interest rate – 8.5% per annum for the entire maturity with returns to be paid every half year. The maturity of the eurobonds until finally repaid – 10 years. The principal redemption will be equally shared as US$ 20m every half year along with the eurobond returns within the period of 22 June 2011-22 December 2015. Apart from the eurobonds, "Nizhnekamskneftekhim" INC is currently circulating a forth issue of rouble bonds (amounting to RUR 1.5bn, redemption date – March 2012). The Company in its activities never faced a default, was in time to pay a long coupon and a principal debt against all commitments.

	16.12.2008
	Today, in the Kazan Kremlin President of the Republic of Tatarstan Mintimer Shaimiev awarded the State Prizes of the Republic of Tatarstan for science and technology 2008. All together eight State Republican prizes were awarded today with one of them awarded for the research "Development and implementation of the one-stage desulphurization of light hydrocarbon resources". This research is very important for the refining industry, and it was conducted in cooperation by the specialists of OJSC "Voljskij research and development institute of the hydrocarbon resources" and «TAIF» Group of Companies. The State Prizes of the Republic of Tatarstan for science and technology were given to Deputy General Director of PSC «TAIF» for petrochemicals and refinery Vladimir Vasilievich Presnyakov, General Director of OJSC «TAIF-NK» Alexander Alexandrovich Babynin, Director of OJSC «TAIF-NK» auto-petrol plant Amil Kamilievich Kalimullin.

	09.12.2008
	"Nizhnekamskneftekhim" INC – winner of show-contest for Energy-Saving Program Implementation 2008 " Nizhnekamskneftekhim " INC was awarded a commemorative badge and a certificate of honour as a winner in the category "Petrochemistry" of the show - contest for implementing the 2006-2010 Program “Energy Supply Efficiency in the Tatarstan Republic ” in 2008. The awarding ceremony was held within the framework of the session of the TR Government and Coordination Board, on energy saving and energy efficiency problems, contacts with business and regions as to "Legislative development in the field of energy saving and implementing the state policy of energy supply efficiency in the Russian Federation regions with the Tatarstan Republic as an example". That very same time, the Exhibition Centre "Kazan Trade Fair" hosted X International Specialized Exhibition " Energy. Utilities-Saving" and IX International Workshop "Energy Supply Efficiency & Energy Saving", which demonstrated the latest energy-saving achievements of "Nizhnekamskneftekhim" INC. In particular, the Company's new halobutyl rubber, polystyrene and polypropylene production facilities are the most cost-effective in terms of utilities consumption, where energy consumption in the marketable product cost constitutes maximum 2.5%. The example of the efficient energy-saving implementations is, inter alia, a commissioned captive energy supplier – cogeneration gas-turbine unit GTU-75, which will cover the Company requirements in electric power by 25% and heat energy by 10%.

	03.12.2008
	The Academy Sciences of the Republic of Tatarstan and the Republican Council of Society of Inventors and Innovators summarized the results of the contest “Best invention of the year” held between the industrial companies of the Republic. The first place was given to the invention “High density polyethylene production process” developed and implemented by OJSC “Kazanorgsintez”. This invention provides the new catalyst OHK-5 with better activity and selectivity resulted in the significant economic effect. Another prize was given to OJSC “Kazanorgsintez” during the regional stage of the Russian contest of trade marks “Zolotnik-2008”. The trade mark of OJSC “Kazanorgsintez” №132767 called “Lad’ja” was provided with the second place in the nomination “legal safety”. This trademark is used since 1972 to label the goods.

	28.11.2008
	"Nizhnekamskneftekhim" INC Board of Directors summed up results of 9 months operation in 2008 28.11.08, “ Nizhnekamskneftekhim” INC Board of Directors held its regular session presided by A. Shigabutdinov – Chairman of the Board, General Director of PSC "TAIF". Over 9 months 2008, the Company's marketable output constituted RUR 56.5 bn. The product release in comparable prices ran to 111.6%, in current prices – to 141.6% versus the relevant last year period. The Company's net profit totalled RUR 4.14 bn. The maximum gain in production versus the 2007 level was reached for ethylene, propylene, polypropylene, neonols, isoprene, polybutadiene, butyl and halobutyl types of rubber, polystyrene, isoprene, polyethylene glycols. Basically, a novel type of rubber, LiBR, was commercialized in the current year, which enables to discontinue imports of such for HIPS production. In August, a third PS Unit was launched raising PS total capacity to 170 Kt. The Ethylene Complex capacity reached 600 Kta. A Polyethylene Facility will be commissioned by the year-end. All three turbines of the captive energy supplier GTU-75 were put in operation; the Unit is currently operating at full capacity. The Board took into consideration the results of the Company's 9 months operation in 2008, including the outturn of the plan in utilizing and financing the capital investments, and singled out the operation's positive results. The session also discussed a number of issues relating to the financial and economic activities of "Nizhnekamskneftekhim" INC.

	26.11.2008
	"Nizhnekamskneftekhim" INC – four times prize-winner of contest “Leader of Environmental Activity in Russia” "Nizhnekamskneftekhim" INC won at the contest “Leader of Environmental Activity in Russia'2008”. As from 2005, the Company receives that high reward for its ecological achievements every year. V. Busygin-General Director of "Nizhnekamskneftekhim" INC was awarded a medal of honour “For Ecological Safety”. The contest took place in the context of IV All-Russian Ecological Conference “New priorities of the national ecological policy in real economy” sponsored by the President Administration, Government and federal Assembly of the Russian Federation, a number of the RF Ministries, the Russian Union of Industrialists and Entrepreneurs, the Russian Chamber of Commerce & Industry. A Steering Committee also included the leaders and specialists of major ecological public organizations, notable scientists and experts in environmental protection, rectors of major specialized higher educational institutions of the country.

	22.11.2008
	Today, the ceremony of awarding the Champion of the Russian Federation in football - “Rubin” football club – with the gold medals took place in Kazan Basket-hall. President of the Republic of Tatarstan Mintimer Shaimiev participated in this solemn event. The awarding ceremony was dedicated, as well, to the 50th anniversary of the Club. Mintimer Shaimiev gave the President Letters of gratitude to the sponsors of the football club represented by Albert Shigabutdinov and Ilshat Fardiev.

	21.11.2008
	OJSC “Nizhnekamskneftekhim” Polystyrene plant produced the 500- thousandth ton of polystyrene since the production start-up. The first line of this production was put into operation in summer 2003. There are three currently operation lines for production of impact-resistant and general-purpose plastics on the plant with 14 different polyethylene grades produced. Following the buyers’ demand the specialists of the plant are developing one more, new grade of general-purpose polystyrene 585 but with low melt flow index (MFI) (2g/10 min or lower).

	11.11.2008
	On 2nd November, “Rubin” football club from Kazan for the first time in its history became the champion of the Russian Football Championship. This team reached Champion rank three games before the final of the Championship by beating “Saturn” team 2:1 from the Moscow region during the away game. President of the Republic of Tatarstan Mintimer Shaimiev emotionally congratulated the players of Kazan “Rubin” and the team’s head coach Kurban Berdyev with the 1st place in the Russian Football Championship. Three thousand of the team’s fans gathered in the airport of Kazan to welcome the favorite team. “Rubin” captain Sergey Semak expressed the team’s thanks to its fans.

	30.10.2008
	Under the condition of a crisis on the world financial markets OJSC “Kazanorgsintez” fulfills its obligations taken under the credit agreements. Thus, on October 27, 2008, OJSC “Kazanorgsintez” paid back the coupon for the eurobond loan. The amount paid was USD 9,250,000. The payment was made to the trust owner and paying agent The Bank of New York, London Branch, in full amount and in accordance to the schedule.

	28.10.2008
	On October 24, Vladimir Kirillov, Head of the Federal Service for Supervision of Natural Resources Management (Rosprirodnadzor) paid an information visit to OJSC “Nizhnekamskneftekhim”. The Head of the Environmental Authority paid a visit to the production of polypropylene, has a meeting with Vladimir Busygin, General Director of OJSC “Nizhnekamskneftekhim”. In his interview summarizing the results of the visit, Vladimir Kirillov pointed out his satisfaction with the environment protection measures taken by the Company. He stressed that over one and a half billion of rubles spent for the ecology protection actions sounded great. General Director of OJSC “Nizhnekamskneftekhim” Vladimir Busygin called the reconstruction of the biological treatment plants to be the main ecological task for the Company for the near future. Reference "Nizhnekamskneftekhim" INC ecological safety complies with the up-to-date international requirements. The Company has all indispensable environmental constructions. In 2007, a Long-Term Ecological Program was launched for the period until 2015. The estimated cost to implement the same will run to around RUR 5.3 bln. The Environmental Management System, the first among the Tatarstan companies, was certified to comply with ISO 14001 as far back as 2003. In September 2003, a gold certificate was assigned to "Nizhnekamskneftekhim" INC three Management Systems: Quality, Environmental and Safety, - conforming to the international requirements of ISO 9001:2000, ISO 14001:2004, OHSAS 18001:1999. The Governments of the Tatarstan Republic and of the Russian Federation give much credit to "Nizhnekamskneftekhim" INC efficient environmental activity: per the 2005-2007 results, the Company was honored with a title "Leader of Environmental Activity in Russia"; in 2006 and 2007 it won the national ecology prize of Russia "EcoWorld"; last year, it was recognized an absolute winner at the republican contest "EcoWorld".

	24.10.2008
	24 October 2008, the Board of Directors of "Nizhnekamskneftekhim" INC held its regular session presided by V. Busygin, General Director of "Nizhnekamskneftekhim" INC – Deputy Chairman to the Board of Directors. Before the session, the Board members visited a cogeneration unit GTU-75 implemented on the basis of GE gas-turbine units and waste-heat boilers. This is one of the worldwide most cost-effective technologies intended for cogeneration of electrical power and heat energy. In reviewing the agenda issues, the Board took into consideration the information on the feedstock supply to "Nizhnekamskneftekhim" INC and product supply interactivities among the businesses of "TAIF" Group companies. With this goal in view, a Coordination Body has been established and it is functioning. Over the current year 9 months, a total volume of inter-supplies increased by 23% compared to the 2007 level. The Board took into consideration the information on the efficient exploitation of the production facilities, approved of the programs progress in retrofitting, upgrading, revamping and replacing the electrical equipment, steam-heat supply systems and acknowledged as highly effective the implementations aimed to augment the utilities supply dependability at "Nizhnekamskneftekhim" INC. V. Busygin, General Director of "Nizhnekamskneftekhim" INC, stated that due to the captive power plant GTU-75, the Company was considerably reducing the energy costs, thereby making its products more competitive. This up-to-date plant with a combined production cycle is currently operating at full capacity and will cover 25% of the Company's need in electrical power. To further improve the level of the Company's corporate management, the Board approved the Board Member Corporate Ethics Code and approved of the activities on creating a multiple system of risk management and NKNK existing risks analysis in order to minimize them. The Board members approved "Euro-Asia Registrar" Ltd (Kazan) as the Company's registrar, and principal terms and conditions of the Agreement on maintaining a register of the registered stock holders.

	20.10.2008
	As the results of the accounting statements prepared in accordance with the International Accounting Standards (IFRS) show, OJSC “Kazanorgsintez” increased its sales revenue in the first half of 2008 by 17% up to RUB 12.1 bln. These results were provided by the increase of the volumes of produced goods, produced mainly by the upgraded facilities for production of high-density polyethylene (HDPE) and the start-up of the Bisphenol-A production plant. At the same time, the sharp increase of the energy cost and the larger (if compared with the first half of the year results) share of tolling ethane significantly influenced the sales profit, as well as, the net income for the whole period. Income part was seriously influenced by the expenses for the commissioning to be recovered later, when the new production facilities will be operating under full load, and by the suspension of interest capitalization, as the new facilities were implemented.

	17.10.2008
	OJSC “Kazanorgsintez” gained another significant award. In early October, the Federal Service for ecological, technological and nuclear control represented by Konstantin Pulikovskij, gave high appraisal to the Company’s achievements and handled the certificate of merit for the work conducted by OJSC “Kazanorgsintez” to increase the level of industrial safety, the implementation of new technologies, the upgrade of production, the improvement of security and safety of the Company’s industrial objects, as well as, in connection with the 50-th anniversary of Kazanorgsintez. Such an award was the first-ever in the Company’s history. It should be noted that it is the high valued award, as the organization that presented it, “Rostechnadzor”, is one of the most serious and designated controlling organisations. This award means the recognition of merits of the Company that secures the industrial safety on any of its numerous objects.

	17.10.2008
	Under the Decree of the President of the Republic of Tatarstan, Ildar G. Khusainov, Administrative Director of OJSC “TV and Radio Broadcasting Company “TVT”, was awarded the title “Honored communication and IT worker” for his achievements in the field of communication and IT.

	13.10.2008
	The second round of the water polo Championship of the Russian Federation started in Kazan on 10-12 of October. The water polo players of Kazan “Sintez” Club won three games at once. In the first game taken place on the first day of the round our players stood against CSK VMF team (Moscow). This day the fortune favored our team. The skills of “Sintez” players were the basis for a 13:8 win. During the second game taken place on Saturday the team from Kazan took a lead on the players from Moscow from “Dinamo – Olimpijskij” Club 13:10. The both teams are the only representatives of “big four” of the clubs playing water polo in Russia among six teams participating in the second round in Kazan. That is why, the competition between these teams was considered to be the central game of the round. From the very beginning, the teams being equal in strength, played quite similarly. It was difficult to predict the result of the game. Nevertheless, after the halftime of the game “Sintez” was better both in defense and attacks. As a result, “Sintez” took down “CSK VMF” 13: 10 (4:4, 3:3, 3;1, 3;2). The Sunday game was a wonderful 8:19 win of a team led by Vladimir Zaharov team in a game with “Dinamo-2” team.

	10.10.2008
	OJSC “Nizhnekamskneftekhim” was awarded the Cup and Diploma of the Republican Council of the Society of Inventors and Rationalizers (OIR) of Tatarstan due to the results of the Republican Meeting summarizing the work of innovators in 2007. The Company was awarded the Diploma of Honor for the participation in the Tatarstan Contest “The Best Invention of the Year”. Five employees of the Company were awarded the title “Excellent Inventor and Rationalizer 2007”.

	06.10.2008
	Russian Top 200 non-public companies list was published in the October issue of Forbes Russia. The list included private corporations not listed on stock exchange. TAIF GROUP was ranked as number 3 in the list.

	03.10.2008
	OJSC "Nizhnekamskneftekhim" executed the preregistration of 33 chemical substances used in the production process and received their preregistration numbers. They include ethylene, propylene, ethylene oxide, ethyl cellosolve, ethyl carbitol, MEG, DEG, TEG, PEG, TEG ethylin, alpha-olefin fractions С12-С14, С16-С18, С20-С26, propylene oxide, neonol, laprol, propylene trimers and tetramers, isobutylene, styrene, chlorine, bromine, butadiene, isoprene, polymeric petroleum resin, hexene-1 and others. The Company further plans to exchange information on the substances through a forum, and is ready to cooperate with the participants interested in their registration.

	26.09.2008
	On IX “Vmeste” (“Together”) International Film Forum gathering over 100 film and television companies from 27 countries, in “Documentary Film” nomination, “Sofya Gubaidullina” was the winner. The film made by “Panorama” Creative Association of TV and Radio Broadcasting Company “Novij Vek” is a part of a big “Compatriots” cycle telling about great people of Tatarstan, i.e. Feshin, Urmanche, Gumilev, Mardzhani, Gubaidullina, Dzhalil and others. The cycle is to include 100 films of 20 minutes long each telling about our compatriots. The project is supported by TAIF Group of Companies.

	18.09.2008
	For significant achievements in the quality of products and services and for implementation of the high-efficiency quality management methods, OJSC “Nizhnekamskneftekhim” was awarded the prize of the Russian Federation Government. The Company's quality policy is applied as a vehicle of managing the enterprise in order to improve its operations, and serves as the basis for the Company's general policy and strategy.

	03.09.2008
	Today, Mintimer Shaimiev, President of Tatarstan, participated in the events devoted to the 50th anniversary of the OJSC “Kazanorgsintez” foundation and the 45th anniversary of its first production output. The events included the commissioning of a new polycarbonates plant, the first one in Russia and the CIS countries. The event indicated the completion of the first stage of the OJSC “Kazanorgsintez” strategic development program being implemented in cooperation with TAIF Group of Companies. The event was also attended by Rustam Minnikhanov, Prime Minister of Tatarstan, Ilsur Metshin, Mayor of Kazan, Albert Shigaboutdinov, General Director of PSC “TAIF”, Leonid Alekhin, General Director of OJSC “Kazanorgsintez”, senior advisor of Japan trading company « Mitsui» Takekhiro Togo, Bernard Zonneveld, Global Head, Structured Commodity Finance, ING Bank N.V. and others.

	02.09.2008
	Today, the events devoted to signing USD 500 million Facility Agreement between OJSC “TAIF-NK” as Borrower and ING Bank N.V. as Mandated Lead Arranger took place in Nizhnekamsk. It was one of the largest public transactions of TAIF Group of Companies with eleven foreign banks being enrolled. The purpose of the credit facility was the repayment of the loans borrowed by OJSC “TAIF-NK” and the increase of the Company’s working capital. The events included negotiations and meetings of foreign banks representatives, executives of TAIF GROUP companies and the leading officials of the Republic of Tatarstan devoted to the opportunities of further fruitful cooperation. Rustam Minnikhanov, Prime Minister of the Republic of Tatarstan, attended the events.

	22.08.2008
	OJSC “Nizhnekamskneftekhim” has become the largest polystyrene producer in Russia. The polystyrene production plant was commissioned at Nizhnekamskneftekhim yesterday with the output capacity of 50 th tons per year. It was the third line of the new plant of the Company. The first two lines, commissioned within the last five years, produce 120 th tons of polystyrene per year. The production mix includes ten grades of general purpose polystyrene and high-impact polystyrene being in high demand not only in Russia but abroad.

	21.08.2008
	IQNet certification center specialists have carried out the first test audit of the Health & Safety Management System at OJSC “Nizhnekamskneftekhim” under OHSAS 18001 Standard. At the debriefing, Peter Svoboda, the head of the auditing team, reported that for the last year elapsed from the certification audit date (August-September 2007), a great deal of work had been carried out in all production units for improvement of the Health & Safety Management System of the operating personnel. Therefore, the current test audit had not revealed any nonconformity. The audit results were shown in the Health & Safety Management System Test Audit Report, which proved conformity of the Health & Safety Management System in force at OJSC “Nizhnekamskneftekhim” to the requirements of the OHSAS 18001 International Standard.

	18.08.2008
	On August 18, 2008, the first lots of marketable goods were produced at the liquid carbon dioxide unit of Organic Products Plant of OJSC “Kazanorgsintez” (Production Unit No1). The products are used as feedstock for the new Polycarbonates Plant. The carbon dioxide quality conforms to specifications by all characteristics of the product. Liquid carbon dioxide is ready for transportation from Production Unit No1 to the Polycarbonates Plant.

	11.08.2008
	A new Polycarbonates Production Plant started its operation in August. On 6 August, the first output was produced as part of ethylene carbonate production process. After ethylene carbonate was produced, the second stage of the process started, i.e. the production of dymethyl carbonate. The unit was successfully commissioned on 9 August. As a result, long-awaited dymethyl carbonate was produced together with monoethylene glycol as a by-product being in a high demand. Actually, the first marketable product of the Polycarbonates Production Plant was monoethylene glycol.

	01.08.2008
	The charity and sponsorship activities of OJSC “Nizhnekamskneftekhim” were highly appreciated by the meeting of the Republican Council for Charity held in Nizhnekamsk on Thursday. The meeting was attended by President M. Shaimiev, heads of ministries and executives of large regional companies. V. Busygin, General Director of OJSC “Nizhnekamskneftekhim”, outlined the Company’s social programs in his report. In 2007, the Company spent over RUB 153 mln for charity, and more than RUB 73 mln has been already spent this year. Head of Nizhnekamsk Municipal Region A. Metshin gave high appraisal to the contribution made by the Company by a new city water treatment plant and expressed gratitude to the team of Nizhnekamskneftekhim. President M. Shaimiev, during his visit to Nizhnekamsk, officially opened the Ice Palace in Kamskije Polyani, visited “Vesta” social aid center where he gave the start to “Help to Get Ready to School” Republican Charity Program.

	25.07.2008
	Works at polyethylene production are according to the schedule Construction and assembly works at the polyethylene plant of OJSC “Nizhnekamskneftekhim” are close to their completion. A major production unit has 90% of process equipment, 70% of pipelines erected. The construction works are to be completed at an extrusion unit. Two extrusion lines have been erected there: for natural and black polymers. The premises are being finished, electrical and instrument cables are being laid. At the same time, homogenization silos are under erection, as well as bead bagging equipment is being delivered to the site. Finished product palletizing and shrink film lines are being erected at the warehouse.

	10.07.2008
	While implementing the Program on increasing feedstock yield for butyl rubber production, Isobutylene Fraction Concentration Unit (Kt-402) was launched at Divinyl & HC Feed Plant of OJSC "Nizhnekamskneftekhim". The Unit enabled to take out of service the existing two Concentration Units Kt-250 and Kt -2, and moreover, enables to keep a spare capacity for isobutylene feedstock production in future.

	26.06.2008
	On the ethylene plant of OJSC “Nizhnekamskneftekhim”, in cooperation with LLC “Magikrot”, for the first time in the operation of Russian petrochemical companies, a highly efficient technology of hydra-mechanical decoking of tubes of the convection section of a pyrolysis furnaces Е-ВА-103, 104, 108, 109 was implemented. The hydra-mechanical method of removing coke deposited since the furnace commissioning turned to be very efficient providing the cut in decoking time (more than two-fold) and in power consumption. Besides, the method leaves tubes safe from mechanical damage and allows using an ultrasonic probe for measuring the thickness of the coke layer. As a result, the pyrolysis furnaces have become more efficient due to an increase in their capacity by feedstock processing and by dilution steam utilization, due to feedstock and gas-vapor mixture heating process with optimum temperature and pressure. The target product output – ethylene and propylene - has also increased. By the end of this year, hydra-mechanical decoking will have be completed on three more furnaces and one steam and gas header.

	20.06.2008
	Today, the Annual General Shareholders Meeting of OJSC “Tatatelecom” was held attended by Prime Minister of the Republic of Tatarstan Rustam Minnikhanov. A new Board of Directors was approved. General Director of PSC “TAIF” Albert Shigaboutdinov was reelected as the Chairman.

	18.06.2008
	General Director of PSC “TAIF” Albert Shigaboutdinov was awarded the medal “For Assistance to the Ministry of Internal Affairs (MVD) of Russia”. Rashid Nurgaliev, Minister of Internal Affairs of the Russian Federation, issued the respective order. Asgat Safarov, Minister of Internal Affairs of Tatarstan, presented the award and expressed gratitude for the assistance provided to the Ministry of Internal Affairs of the Republic of Tatarstan

	10.06.2008
	International Investment Conference held by the government of the Republic of Tatarstan and the Islamic Development Bank started today in Kazan. The conference gathered some 170 financial experts, businessmen, and government representatives from 19 world countries. PSC “TAIF” General Director Albert Shigaboutdinov made a report on the realization of the large-scale investment programs and the development of “TAIF” GROUP companies.

	07.06.2008
	On June 6, 2008, the Board Meeting of OJSC “Nizhnekamskneftekhim” was held chaired by General Director of PSC “TAIF” Albert Shigaboutdinov. The Board approved assignment of office responsibilities for the members, the lists of Audit Committee (chaired by R. Gaizatullin, Minister of Finance of Tatarstan) and Personnel & Remuneration Committee (chaired by A. Metshin, Head of Nizhnekamsk Municipal Region). The Board approved the Company Management members with V. Busygin as the General Director. The Meeting also discussed the information about the changes in production capacities of OJSC “Nizhnekamskneftekhim”. The Board of Directors of OJSC “Nizhnekamskneftekhim” approved the company’s activities plan for 2008-2009.

	06.06.2008
	The results of OJSC “Kazanorgsintez” for 2007 were registered according to IAS. According to the audited consolidated statements of OJSC “Kazanorgsintez”, revenues increased by 38% and reached RUB 21.2 bln in 2007. EBITDA rose by 22% up to RUB 5.0 bln, the Company’s assets showed the rise by 34% and made RUB 41.9 bln. The rise was caused by an increase in HDP and phenol output produced at the reconstructed facilities and by the favorable situation on the petrochemicals market. The Company’s assets increased as a result of the OJSC “Kazanorgsintez” aggressive investment policy that is to complete the first stage of the development program in 2008.

	05.06.2008
	Due to the intensive implementation of the investment development program, additional credit facilities were raised by OJSC “Kazanorgsintez” in 2007. This resulted in breach of Clause 14.10 (Limitation on Indebtedness) of the Loan Agreement dated October 26, 2006, amounting US$200,000,000 to issue Loan Participation Notes bearing 9.25% interest mature in 2011. Debt to EBITDA ratio as for the end of 2007 was 4.3 with the agreed rates no more than 4.0. That is why on May 1, 2008, OJSC "Kazanorgsintez" addressed to its note holders with the request not to submit notes to the advanced repayment and to increase temporarily the level of indebtedness limitation. On June 4, 2008, the Trustee - The Bank of New York - published an official announcement that the Meeting of the Note Holders was held in London on 21 May 2008, where according to the Extraordinary Resolution note the holders confirmed absence of claims to the Company about the liabilities breaches by the results of the year 2007, and also approved the proposal about temporary change of indebtedness level limitation. Holders of the Notes to the amount of USD169,969,000 took part in the voting. All the members voted for the approval of proposed changes by a solid vote. By this decision, debt to EBITDA ratio was approved at the level not more than 6.0 till June 30, 2009. ING Bank was a financial consultant of OJSC "Kazanorgsintez" on the agreement. For the moment, the Company has paid all charges and expenses related to the transaction and also agreed the covenants amendments with all other creditor banks.

	03.06.2008
	On May 28, tactical and special exercises were held based on the OJSC “Kazanorgsintez” section of waste treatment and external service facilities devoted to the activities of accident rescue teams of OJSC “Kazanorgsintez” on hazardous chemical objects. The subject of the exercises was chlorine leak through a tank crack. The objective was to try and practice the rescue algorithm for the management, the measures and tools for chlorine accident localization and liquidation. According to the simulated situation, after the chlorine leak was discovered, a chlorination operator who was in the chlorination plant at the moment, turned the alarm and sprinkler systems on, and informed the shift manager of the situation. But he himself didn’t manage to follow the accident elimination plan and come back to assist the shift manager because he was severely poisoned by the chemical. After the operator left the building, he lost consciousness and fell down. The situation developed rapidly and trouble free then. The shift manager, after he had assessed the situation, informed a supervisor and the special services of the Company about the accident. He gave the order to the non-of-the staff rescue team to detect the chlorine leak and eliminate it. After that, the shift manager started the accidental evacuation of the employees from the contaminated zone. The rescue teams examined the contaminated zone and the chlorination plant premises, detected the chlorine leak and eliminated it by means of a magnetic patch. The shift manager was informed of that. By this time, the special services had come. The subdivision of the state fire fighting service OGPS-5 deployed a water curtain to stop the chlorine cloud expansion. The staff rescue team TOVGSO, when arrived at the place, took the supervision over the non-of-the-staff rescue team and, having been informed by the exercise instructor that the chlorination operator still had not been found, started the search operations to find him. After the chlorination operator was found, he was provided with first-aid treatment, taken out of the contaminated zone, and brought to the ambulance car. The exercises were closed after additional determining chlorine concentration. Grigory Shrom, Head of Labor Protection Department, said in his interview that the possibility of the same situation in real life was one for million.

	02.06.2008
	The marketing department of OJSC “Kazanorgsintez” performed tests of new brands of blow molded bimodal polyethylene PE2NT11-285D resulted in production of 5-liter containers. The tests were performed on the basis of OJSC “Balashikhinsky Pilot-production Chemical Plant”. In such a way, there was approved the processing of bimodal polyethylene PE2NT11-285D through blow molding into thin-wall items. Bimodal polyethylene PE2NT11-285D which replaced high-density polyethylene 276-73 in blow molded light-wall items production provided the cut down in feedstock expenses by 4.5% keeping the same strength properties of finished items.

	30.05.2008
	The results of the OJSC "Nizhnekamskneftekhim" ecological activity and sustainable development were highly appraised by the Expert Council and Jury of the National Ecology Prize “EkoMir” (EcoWorld). The Company was announced the winner in the nomination “Ecological Science & Technologies” for the successful implementation of the "Environmental Management Program 2004-2008" and "Ecological Program 2007-2015". Before that, Nizhnekamskneftekhim was the prize winner three times. The 5th contest of the National Ecology Prize “EkoMir 2008” established by the Russian Academy of Natural Sciences and the Interregional Non-Government Organization “Charitable Initiatives Fund” was conducted with the support of the Russian Federation Government. Representatives of 76 Russian Federation constituent entities, as well as of Belarus, Ukraine and Chile took part in the contest. There were accepted 546 applications in five nominations for the Jury to review. An awarding ceremony will take place in the State Duma of the RF Federal Assembly on the 3d of June.

	28.05.2008
	For significant results achieved in products quality and for application of high-efficiency quality management methods, OJSC “Nizhnekamskneftekhim” was awarded a Russian Government Quality Prize. The Company products are well known worldwide and exported to the countries of Europe, America and Southeast Asia. Their quality was highly estimated at the International Exhibitions “Chemistry 2005”, “Tires & Rubbers” in 2005, 2006, and 2007. For generation and commercialization of novel types of high quality products and the contribution to the Russian petrochemical industry development Nizhnekamskneftekhim was awarded the Grand Prix according to the results of the contest held within XI International Specialized Exhibition "Tires & Rubbers 2008". The quality gold medals were awarded to all 6 types of rubbers currently produced at the Company (isoprene, butyl, BIIR, CIIR, LiBR, NdBR). The annual Russian Government Quality Prize contest is organized based on the criteria and philosophy harmonized with the European and other international quality contests. Its objective is to create conditions providing higher living standards, quality and safety of products and services, further advancement of the Russian economy, and strengthening business reputation of domestic producers.

	22.05.2008
	The 10 millionth ton of ethylene was produced at OJSC “Kazanorgsintez” as a result of tireless, self-sacrificing and creative work of the Ethylene Plant team and other departments. The output of the 10 millionth ton of ethylene was an outstanding event as for OJSC “Kazanorgsintez” so for the Tatarstan petrochemical industry as a whole. Especially as the current year is a special year for the Company: on 13 July the 45th anniversary of the first production output will be celebrated. The first production facilities put into operation at Kazan Plant of Organic Synthesis in 1963 were phenol and acetone production units, which are part of the Ethylene Plant today. The first stage of the Ethylene Plant was the second facility put into operation in January 1965. The ethylene fine processing unit (gas separation building 0203) was commissioned in December 1965. Thus, ethylene had been physically produced since 1966 with its further distribution to polyethylene production. In 1966, 26,001.5 tons of ethylene was produced. That year was the starting point for the Ethylene Plant, one of the largest plants of OJSC “Kazanorgsintez”. The ethylene production was developed on a step-by-step basis. The second line was built and put into operation in 1968, the third line in 1974, and the fourth line in 1982. The ethylene production facilities have been upgraded from time to time for the recent years. The ethylene plant approved production capacity is 430 thousand tons per year today. A large-scale reconstruction currently in progress at the Plant is to provide the output capacity of 640 thousand tons per year.

	20.05.2008
	OJSC "Nizhnekamskneftekhim" installed polymerizers at the Polyethylene Plant construction site. The construction and assembly operations are currently close to their completion. Major process equipment has been erected, pumps and compressors are being piped, pipelines are under hydraulic test. The start-up of the Plant of 230 Kta annual capacity PE is scheduled for Q4 this year.

	16.05.2008
	International Anniversary Scientific and Training Conference on Advanced Technologies and the Prospective Development of OJSC “Kazanorgsintez” will take place on June 24-25, 2008. The conference is devoted to the 50th anniversary of the OJSC “Kazanorgsintez” foundation, the 45th anniversary of the Company’s first production output, to the completion of the first stage of its strategic development program and the commissioning of new plants. The conference is to be attended by the top leaders of the Republic of Tatarstan, the Tatarstan Ministries and Departments, the Heads of Administrations and Services of the republican and municipal districts of Tatarstan, heads and representatives of the leading Russian and foreign companies and scientific organizations, the top management and “veterans” of OJSC “Kazanorgsintez”.

	15.05.2008
	In 1994, the United Nations General Assembly proclaimed that 15 May of every year should be observed as the International Day of Families. Besides, the year of 2008 was announced as the Year of Families in Russia by the Decree of the President of the Russian Federation. The purpose was to restore the value of a Russian family, strengthen the family basic principles and traditions. Day of Families and Year of Families events took place in all cities of Russia. Our Company was not an exception. A special event was organized by the Trade Union Committee of OJSC “Kazanorgsintez” in the Chemists’ Palace of Culture. Representatives of families working for OJSC “Kazanorgsintez” for generations, families having many children and young families were invited as well. The traditional event was held in a pleasant and gentle manner. Speeches included stories about families born at “Orgsintez”, thank you speeches for faithful labor. The invitees were given special presents. Various contests were organized where as children so grown-ups participated with great pleasure. And everyone attending the event could realize how a family is important to him or her, the family supporting not only personality formation but their self-esteem, how it can initiate social and creative activity.

	15.05.2008
	May 14, the first of two polymerizers was delivered to the Polyethylene Plant construction site at OJSC "Nizhnekamskneftekhim". A unique operation to deliver a so-called "smaller-size" first stage reactor of 152 tons from a cargo terminal to the construction site was implemented by specialists of CJSC "Spetstyazhavtotrans". One of these days, it will be installed on the foundation, and a second stage reactor, twice heavier than a smaller one, will be delivered to the Polyethylene Plant construction site.

	05.05.2008
	An additional cooler was installed and put into operation by Ethylene Pipeline Systems of OJSC "Nizhnekamskneftekhim" within the program to augment throughput of the ethylene pipeline "Nizhnekamsk-Kazan". It is intended to cool the additional ethylene flow transported to OJSC «Kazanorgsintez” after booster compressors.

	04.05.2008
	PSC “TAIF” and an electronic trading floor ONLINECONTRACT signed an e-Trade service agreement.

	25.04.2008
	Today, on the 25th of April 2008, the Annual General Shareholders Meeting of PSC “TAIF” was held summarizing the Company’s results for 2007. Prime Minister of the Republic of Tatarstan Rustam Minnikhanov attended the Meeting. In 2007, TAIF GROUP almost completed implementing the tasks identified by the Government of the Republic of Tatarstan and stipulated by the Program of the Development of Oil, Gas and Petrochemical Complex of the Republic of Tatarstan for 2004-2008. This way, large investment projects have been successfully implemented in the Tatarstan oil refining and petrochemical industries. The leading companies of TAIF GROUP – OJSC “TAIF-NK”, OJSC “Nizhnekamskneftekhim” and OJSC “Kazanorgsintez” – have reached the best financial and operation results through their history. In 2007, TAIF GROUP achieved a lot in other business fields as well, i.e. in investments and finance, telecommunications, building and construction, service providing. On the whole, the TAIF GROUP sales revenue increased from RUB 153 bln to RUB 192 bln. Net income reached RUB 21.4 bln. Capital investments (excluding VAT) exceeded RUB 27.8 bln, tax accruals into the budgets of all levels was over RUB 17 bln. Rustem Sulteev was reelected as the Board Chairman by the new Board of Directors after the General Shareholders Meeting.

	18.04.2008
	The Annual General Shareholders Meeting of OJSC “Nizhnekamskneftekhim” was held today. The Meeting was attended by Prime Minister of the Republic of Tatarstan Rustam Minnikhanov and Head of "Nizhnekamsky Municipal District" Aidar Metshin. In 2007, the marketable products output of OJSC “Nizhnekamskneftekhim” exceeded RUB 55 bln. If expressed in volumes it was 12% over the last year. Sales revenue was over RUB 58.6 bln, net income was near RUB 4 096 bln. Taxes paid into budgets of all levels equaled RUB 5.8 bln.

	16.04.2008
	Today, on the 16th of April 2008, OJSC “Kazanorgsintez” held its Annual General Shareholders Meeting. Prime Minister of the Republic of Tatarstan Rustam Minnikhanov attended the Meeting. In the reported period, sales revenue increased by 37.3% and made RUB 21.5 bln, net income – RUB 2.6 bln. Physical index of industrial production equaled 128% to the last year results.

	15.04.2008
	According to OJSC “Kazanorgsintez”, the Company is to discontinue production of polyethylene 277-73 and to replace it by the grade PE2NT22-12 starting from July 1, 2008 as a part of the upgrade and modernization program of HDPE production and processing Plant. You may find the more detailed information on the PE2NT22-12 grade physical and chemical properties on the website of OJSC “Kazanorgsintez”.

	08.04.2008
	OJSC “TAIF-NK” which is a part of TAIF Group of Companies, started the output of its new product – jet kerosene. The production is planned to reach 40 thousand tons per year. When the tests are over and the Permanent Certificate is issued, the output of the jet fuel will be increased. The design capacity of the jet fuel production facilities of OJSC “TAIF-NK” is 600 thousand tons per year.

	07.04.2008
	Fitch Ratings has confirmed long-term Issuer Default (IDR) rating of OJSC “Nizhnekamskneftekhim” at “B+”, senior unsecured rating at “B+” and short-term IDR at “B”. National long-term rating is confirmed at “A(rus)” (Russian credit rating scale). Fitch has raised its long-term ratings outlook from “Stable” to “Positive”. The outlook for long-term “Positive” rate reflects Fitch’s expectations that “Nizhnekamskneftekhim” will succeed in the realization of its capital investments program for 2006-2010 for USD 889 mln. In 2006, “Nizhnekamskneftekhim” revenues increased by 12% and reached RUR 53.9 bln with EBITDAR at 11.9%. According to 1H2007 unaudited financials, the company showed RUR 32.5 bln of revenues (an increase by 20.7% if compared with 2006 level). In 2006, EBITDA was RUR 4.7 bln while EBITDA margin increased by 14.4% in 1H2007. Net debt to EBITDA ratio decreased from 2.1x at the end of 2006 to 1.4x at the end of 1H2007 (annualized EBITDA) with an increase in the operational profit level and positive changes in working capital.

	04.04.2008
	In 2007, for the first time in Russia, the first commercial lot of bimodal polyethylene was manufactured by our Company using a single reactor configuration. PE 2NT 11-9 grade polyethylene composition was made on its basis, which was mainly intended for manufacturing various types of pressure pipes (for example, gas pipelines and water pipelines). The larger part of tests had been completed by April 1, 2008. The analysis of the tests shows the following results: -predicted average durability at 20oC and 50 years σLTHS life time is 11.3 MPa; -lower confidence bound of σLPL durability is 10.9 MPa. The obtained preliminary data of creep-rupture test do not yield to data, presented by "Bodycote" in the report P/-03/143 concerning the tests of UNXP-4808 Black grade polyethylene. The above mentioned results allow us to assign PE 2NТ 11-9 polyethylene to PE 100 polyethylene. NTC "Plastic" of ZAO "AND Gaztrubplast" continue their test procedures.

	03.04.2008
	A Certificate for completion of the warranty test run to confirm capacity and quality in accordance with the License Agreement between IDEMITSU KOSAN CO., LTD. (hereunder "IKC") and OJSC "Kazanorgsintez" (hereunder "KOS") was signed on April 3, 2008. That means, the Bisphenol-A (BPA) Plant start-up was finished at KOS with the annual production capacity of 70,000 tons. Please note, that actually BPA Plant was constructed within 2 years. In September 2004, OJSC "Kazanorgsintez", together with OJSC "TAIF", has signed License & Basic Design Contract with Japanese company "Idemitsu Kosan Co., Ltd" for BPA production. Detailed design for BPA production was prepared by Toyo Engineering Corporation. Branch offices of "Mitsui & Co., Ltd" acted as an intermediate party and organizer of negotiations on the conclusion of the Contracts with Japanese companies for two production plants. The construction was started in October 2005. The joint project provides the production of polycarbonate plastics with the total capacity of 70,000 metric tons for Bisphenol-A used as raw material, and 65,000 tons per year for Polycarbonates. The purchased technology will let KOS not only produce valuable end products from low effective phenol and acetone using safe and environmentally friendly methods, but also will cancel any demands in outside feeding for the polycarbonates production. All four types of feedstock are sufficiently produced by OJSC "Kazanorgsintez", including ethylene oxide, which is the third type of feedstock for polycarbonates production, and the fourth type - carbon dioxide - being discharged into atmosphere nowadays. But, starting from the current summer, carbon dioxide is to be used for getting polycarbonates. The purchased technologies and design solutions are unique nowadays with the only commercial production scale in Taiwan, which is successfully and efficiently run and operated. First Bisphenol-A shipments to the European market (such countries as Poland, Germany, and Baltic States) have already been arranged by KOS. Bisphenol-A is also used while manufacturing plastics to coat the insides of food cans, and while manufacturing packaging for cosmetics and food industries. The latest research made by the European Food Safety Administration (2007) showed that the application of BPA used in plastics production is safe even for food packaging, and, as is well known, the permission of plastics use in food packaging serves as the most authoritative confirmation of their safety.

	24.03.2008
	The KOS Marketing Department said they had found new application for high density polyethylene PE2NT26-16 being produced at HDPEPP Plant and introduced to the market. Earlier this type polyethylene composition was thought to be intended for blowing molding only and was positioned as the analog of 276-73 grade. However industrial testing demonstrated that the composition could be used for injection molding as well to produce, for example, polyethylene caps for plastic items. The tests results were additionally proved by the Report on the tests carried out by the customer LLC “C-Plastic” on the injection molder MANNESMANN DEMAG D100-275 on February 22 this year. Saying it in a technical language, this polyethylene grade may be used in production of polyethylene caps with first opening control by injection molding (however the application may be considerably extended). To present day, LDPE 10803-020 and 15813-020 produced by LDPE Plant of OJSC “Kazanorgsintez” have been used as feedstock for this purpose.

	12.03.2008
	OJSC “Nizhnekamskneftekhim” was awarded the Grand Prix "For generation and commercialization of the novel types of top quality products and contribution to the development of the Russian petrochemical industry" as per to the results of the contest held within the framework of XI International Specialized Exhibition "Tires & Rubbers 2008". All six types of rubbers currently produced at the Company were recognized for their quality with the Exhibition Gold Medals.

	13.02.2008
	OJSC “Nizhnekamskneftekhim” won the Grand Prix Award of the VII Russian contest «Russian organization of high social efficiency-2007. Yesterday, the awards ceremony took place in the State Kremlin Palace. The Deputy Prime Minister - Minister of Finance of the Russian Federation Alexey Kudrin bestowed the awardees diploma and the statuette “Man of Genius” to the General Director of “Nizhnekamskneftekhim” Vladimir Busygin.

	12.02.2008
	Today, PSC “TAIF” General Director Albert Shigaboutdinov held a meeting with the representatives of the largest European bank «ABN AMRO» including the bank’s Vice Chairman Mark Holtzman and Managing Director of Equity Markets Department Charles Lucas. The parties discussed the opportunities for beneficial cooperation during the meeting.

	12.12.2007
	OJSC “Nizhnekamskneftekhim” design trademark in the shape of a shamrock was given first place in the nomination “Legal protection” during Super Final of the V Russian Trademark Contest “Zolotnik”.

	06.12.2007
	The refinery complex of OJSC «TAIF-NK» was voted the best Refinery 2007 by the Roundtable for refinery and petrochemicals in Russia and the CIS countries, being carried annually by WRA (The World Refining Association). This year, the event was attended by the management representatives of the largest refinery and petrochemical companies of Russia, the CIS and Western Europe countries, including TNK-BP, Gazprom, TANECO, TAIF, VNIPIneft, KazMunayGas, SIBUR, Slavneft, Naftan, Gazprombank, Shell.

	20.11.2007
	Today, a municipal water treatment plant was officially commissioned in Nizhnekamsk. The plant is based on LLC “Water Treatment Plant – Nizhnekamskneftekhim” founded in 2007. The official ceremony was attended by First Deputy Prime Minister of Russia Sergei Ivanov, President of Tatarstan Mintimer Shaimiev, the Plenipotentiary Representative of the Russian President in the Volga Federal District Alexander Konovalov, Chairman of the Board of Directors of OJSC “Nizhnekamskneftekhim” and General Director of TAIF GROUP Albert Shigaboutdinov, General Director of OJSC “Nizhnekamskneftekhim” Vladimir Busygin, Head of Nizhnekamsky Municipal District Aidar Metshin. The Nizhnekamsk water treatment plant is unique due to the latest purifying systems available in Russia today being applied at the plant.

	09.11.2007
	General Director of PSC “TAIF” Albert Shigaboutdinov was awarded the medal “For Noble Labor” under a decree of President of the Republic of Tatarstan. The medal was given for his significant contribution to the social and economic development of the Republic of Tatarstan, for many years of fruitful work.

	27.10.2007
	A bisphenol-A production plant of OJSC “Kazanorgsintez” for the first time synthesized and launched the commercial production of Bisphenol-A. This is the first plant for production of bisphenol in the Russian Federation. Bisphenol-A produced in Tatarstan would mostly be supplied to the polycarbonate production plant to be launched in 2Q of 2008. The whole process of building of Bisphenol-A plant took about two years.

	12.10.2007
	Today, General Director of PSC “TAIF” Albert Shigaboutdinov had a meeting with Tim Bibbs the representative of Suregrove Limited, a consulting company from London. Suregrove Limited is considered to be the leading consulting company for the risk engineering on the world insurance market. Suregrove has conducted over 150 surveys in FSU countries with 30 of them being the surveys of petrochemical facilities. Tim Bibbs paid a visit to the Republic to conduct the survey (risk engineering survey) of the companies of TAIF Group, i.e. OJSC “Kazanorgsintez”, OJSC “Nizhnekamskneftekhim”, and OJSC “TAIF-NK”. The results presented to the management of the Group included the balanced and objective survey report with the assessment of projected maximum loss for an each insured risk; the specification of the current technical condition of the facilities and the utilization capacity; the analysis of the methods applied by the companies to prevent loss; general recommendations concerning the improvement of industrial safety and reduction of technical risks. Suregrove Limited evaluated the engineering level of TAIF Group Companies as higher taken in comparison with other companies of the Russian Federation represented in this sector of industry.

	29.08.2007
	The day before the Day of the Republic of Tatarstan, the official foundation stone ceremony of the Kazan Tennis Academy and Water Sports Palace was held. The ceremony was attended by President of the Republic of Tatarstan Mintimer Shaimiev, Prime Minister of Tatarstan Rustam Minnikhanov, Deputy Chairman of the State Council of the Republic of Tatarstan Alexandr Gusev, Mayor of Kazan Ilsur Metshin, President of the Russian Tennis Federation Shamil Tarpishchev, General Director of PSC “TAIF” Albert Shigaboutdinov, “Sintez” Water Polo Team Captain Irek Zinnurov, the Team Head Coach Vladimir Zakharov. The world class sport complex is planned to be completed within a year and a half or a two-year period as a part of the application campaign for Universiade 2013.

	02.08.2007
	PSC “TAIF” had signed an agreement on mutual cooperation with the audit and consulting company BDO Unicon Consulting, part of the largest international audit network BDO International. The agreement refers to services provided to TAIF Group of Companies on management and budgeting systems improvement, financial statements consolidation according to international standards.

	02.08.2007
	President of the Republic of Tatarstan Mintimer Shaimiev attended the official ceremony devoted to the 40th anniversary of the first product output by OJSC “Nizhnekamskneftekhim”. The President gave the Letter of Gratitude to the team of OJSC “NKNK”, many of the Company employees were awarded with honorable titles and awards of the Republic of Tatarstan. Vladimir Busygin was awarded the Medal for Noble Labor. As part of the official events, the gas turbine plant GTU-75 was commissioned as well. The President of Tatarstan also visited the construction site of OJSC “TANEKO” refinery and the first production area of OJSC “NKNK” where he was shown the Butyl Rubber Plant and “Welding” butyl rubber finishing unit.

	05.07.2007
	The meeting of General Director of PSC “TAIF” Albert Shigaboutdinov with the Chairman of the state corporation “Bank for development and foreign economic affairs (“Vnesheconombank”)” Vladimir Dmitriev took place today. The companies discussed the projections of mutual beneficial cooperation as part of the program realized by TAIF Group for the development of the companies of the petrochemical sector of the Republic.

	27.06.2007
	The Annual General Shareholders Meeting of PSC “TAIF” took place today. The shareholders summarized the results of the Company’s performance for 2006. The Meeting was attended by Prime Minister of the Republic of Tatartsan Rustam Minnikhanov. TAIF GROUP potential during the year under report was focused on the large-scale projects of modernization of the chemicals, petrochemicals, oil & gas refinery complex. In 2006, oil, gas, and petrochemical companies of TAIF GROUP generated 38% of sales volume and over 16% of added value of oil and gas sector of the Republic of Tatarstan. The shareholders meeting re-elected the Board of PSC “TAIF” in the same composition. Rustem Sulteev retained the position of Chairman of the Board.

	15.06.2007
	The Annual General Shareholders Meeting of OJSC “Kazanorgsintez” was held today with the participation of Prime Minister of the Republic of Tatarstan Rustam Minnikhanov. The shareholders approved the Company’s annual report and the financial statements for 2006. The Meeting elected new Board of Directors of OJSC “Kazanorgsintez”. Albert Shigaboutdinov, General Director of PSC “TAIF”, was re-elected as the Chairman of the Board. Leonid Alekhin, General Director of OJSC “Kazanorgsintez”, was confirmed in his position for a new term.

	30.05.2007
	Today, Kazan water polo club “Sintez” was honored with the title of Champion of the Russian Federation, a good addition to its Len Trophy Award won a week ago. For 30 years long already, “Sintez” water-polo club is owned by the only and irreplaceable founder, OJSC “Kazanorgsintez”.

	18.05.2007
	Today the regular meeting of OJSC “Nizhnekamskneftekhim” Board of Directors was held under the Chairmanship of Albert Shigaboutdinov, General Director of PSC “TAIF”. The Board of Directors approved the development plan for 2007-2008, the composition of committees for audit, staff & remuneration. The Board appointed 27 members to the Management Board of OJSC "Nizhnekamskneftekhim" with Vladimir Busygin as General Director of OJSC “Nizhnekamskneftekhim”. The Board of Directors members confirmed the powers of Coordination council to regulate the supply of feedstock and realization of the goods produced by OJSC «Nizhnekamskneftekhim», OJSC "Kazanorgsintez", and OJSC "TAIF-NK".

27, Shchapova Str.,
420012 Kazan, Republic of Tatarstan, Russia

Tel.: +7 (843) 277-94-02
Fax: +7 (843) 277-94-03
E-Mail: bars@taif.ru