The Extraordinary General Meeting of Shareholders of OJSC Concern Galnaftogaz will take place on the 14th of September, 2009

Agenda

1. On the determination of company's type and the change of company's name.
2. On the approval of the new edition of company's charter.
3. On the approval of the new edition of the resolution on General Meeting of Shareholders, on the Board of Directors, on the Inspection Committee of the company, and also on the Corporate governance code of the company.
4. On changes in the personnel of the management bodies of the company.
5. On the approval of the Dividend policy of the company.
6. On increase of the amount of the charter capital of the company via increase of the number of shares of actual nominal value via making additional contributions.
7. On the closed (private) placement of shares and the approval of the protocol of the decision on the closed (private) placement of shares.
8. On the approval of the list of other investors among which the placement of shares is foreseen.
9. On the determination of the authorized body of the company, which obtains the full power to conduct actions, connected with the closed (private) placement of shares.

The charter capital is increased with the purpose of attracting investments for the expansion for the company's activity via additional contributions by multiplying the amount of shares of actual nominal cost.
The minimum size of the increase of the charter capital of the company amounts to UAH 29 319 361.97.
Articles 5.1.1. and 5.1.2 of the company's charter are suggested to state as follows:
”5.1.1. For providing of the company's activity the charter capital in amount of UAH 204 557 779. 22 (two hundred and four million five hundred fifty seven thousand seven hundred seventy nine hryvnyas and twenty two kopiykas) is established.
5.1.2. The charter capital of the company is divided into 20 455 777 922 (twenty billion four hundred fifty five million seven hundred seventy seven thousand nine hundred twenty two) ordinary nominal shares with a nominal value of 1 (one) kopiyka each”.
Additionally 2 931 936 197 (two billion nine hundred thirty one million nine hundred thirty six thousand one hundred ninety seven) ordinary nominal shares with a nominal value of 1 (one) kopiyka each with a total value of UAH 29 319 361.97 (twenty nine million three hundred nineteen thousand three hundred sixty one hryvnyas ninety seven kopiykas) are placed.
The nominal value of shares does not change.
The closed (private) placement of shares is planned to be accomplished within a term starting from the 2nd of November till the 19th of November, 2009. In this regard, the placement of shares will be implemented in two stages.
The first stage of the closed (private) placement of shares will commence on the 2nd of November and will last till and including the 16th of November, 2009.
The second stage of the closed (private) placement of shares will commence on the 17th of November and will last till and including the 19th of November, 2009.
The shareholders of OJSC will realize their prevailing right to buy shares which are offered before the placement during the first stage of the closed (private) placement starting from the 2nd of November till and including the 16th of November, 2009 in the amount proportional to their share in the charter capital as at the date of the beginning of the term of shares placement – the 2nd of November, 2009.
The compensation for shareholders' losses, connected with changes of the charter capital of the company is not foreseen.
The registration of participants of the meeting will be conducted from 9.30 AM till 10.45 AM at the place of the meeting (1 Plastova str., L'viv).
For the purposes of registration, shareholders and representatives of shareholders of the company should necessary have a document which authenticates the person. The representation of shareholders is realized in accordance with the current legislation of Ukraine.
Information telephone: (032) 298-96-31, 298-96-30.