OREANDA-NEWS. October 14, 2010. OJSC TNK-BP Holding Board of Directors has resolved to convene an extraordinary general shareholders’ meeting, to be held in the form of absentee vote, on November 18, 2010. The extraordinary general shareholders’ meeting will consider payment (declaration) of dividends for 9 months of 2010. The record date is October 12, 2010, reported the press-centre of TNK-BP.

The Board of Directors has recommended to the general shareholders’ meeting to approve OJSC TNK-BP Holding dividend at 8.04 rubles per one common and one preference share. The total recommended dividend amount is 124.2 billion rubles.

If the relevant decision is passed by OJSC TNK-BP Holding shareholders, dividends will be paid to all shareholders in cash, in proportion to their respective shareholdings, within six months from the decision date.

OJSC TNK-BP Holding principal shareholder is Novy Investments Ltd., a TNK-BP Group entity. All dividends distributed to Novy Investments Ltd. will be reinvested to finance TNK-BP Group’s Russian operations, including its exploration, production, refining and marketing activities.