The following information is based on information published by The Bank of New York Mellon, Issuer of OAO Surgutneftegaz.
The Bank of New York has announced that it will change the current ratio on its American Depositary Receipts (ADRs) based on OAO Surgutneftegaz from one (1) ADR representing fifty (50) Deposited Shares to one (1) ADR representing ten (10) Deposited Shares.
To effect the above-mentioned ratio change on the ADRs, the Depositary will execute a 400% stock distribution to the ADR holders of record. ADR holders will receive four (4) additional ADRs for every one (1) ADR held on record. The ADR Record date will be 15 April 2008 with a distribution date of 17 April 2008.
For further details please see the attached file.
