OJSC “SURGUTNEFTEGAS” FIXES AGM DATE

On March 15, 2006, the Board of Directors of OJSC “Surgutneftegas” held a meeting, where it appointed Nikolai Yakovlevich Medvedev as Chairman of the Board, fixed May 6, 2006, for an annual general shareholders’ meeting (AGM) to be held in Surgut and approved an agenda for the AGM.

Fulfilling the agenda, at the AGM, the shareholders will consider approving the Company’s annual report, annual accounting statements, including profit and loss accounts, distribution of profit (loss) for 2005, including payment (declaration) of dividends, the size, form, periods and scheme of dividends payment on shares of each category, transactions with an interested party which may be conducted by OJSC “Surgutneftegas” in the course of general business activities (in conformity with the Federal Law of the RF “On Joint Stock Companies”, Article 83, Item 6). Besides, they will appoint members to the Company’s Board of Directors, Auditing Committee, and will approve the Company’s Auditor.

The ballot paper includes the names of 11 candidates to the Board of Directors:
Sergei Alekseevich ANAN’EV
Vladimir Leonidovich BOGDANOV
Alexander Nikolaevich BULANOV
Igor Nikolaevich GORBUNOV
Vladislav Egorovich DRUCHININ
Nikolai Petrovich ZAKHARCHENKO
Nikolai Ivanovich MATVEEV
Nikolai Yakovlevich MEDVEDEV
Baizet Yunusovich MUGU
Alexander Filippovich REZYAPOV
Ildus Shagalievich USMANOV.

The Board of Directors fixed March 20, 2006, as the record date and adopted a resolution to hold its next meeting on April 04, 2006, where it will consider a preliminary approval of the Company’s annual report, annual accounting statements, the distribution of profit for 2005, including recommendations concerning dividends payment, as well as issues yet to be considered which are associated with arrangements for the AGM.

Press Service of OJSC “Surgutneftegas”