Nizhnekamskneftekhim Published Consolidated Financial Statements under IFRS for 2011

OAO Nizhenkamskneftekhim (the "Group") today announces that it has published Consolidated Financial Statements prepared in accordance with International Financial Reporting Standards (IFRS) for the year ended on December 31, 2011, audited by ZAO PricewaterhouseCoopers Audit.

Key financial performance indicators of the Group for 2011 are presented below:
- Consolidated revenue in 2011 increased by 29.5 billion rubles and amounted to 126 billion rubles, which is 30.6% higher than in 2010
- Net income for the period compared to previous year increased by 88.8% and amounted to 16.8 billion rubles, versus 8.9 billion rubles in 2010
- The Group’s total consolidated assets as of 31 December 2011 increased by 12.0 billion rubles compared to 31 December 2010, or by 20.8%, and amounted to 69.9 billion rubles
- As of 31 December 2011, the Group’s borrowings decreased by 2.9 billion rubles and amounted to 11.1 billion rubles
- As of 31 December 2011, the Group’s equity capital increased by 13.6 billion rubles and amounted to 49.8 billion rubles, which is 37.6% higher than as of 31 December 2010.

OAO Nizhnekamskneftekhim is one of the largest producers of synthetic rubbers globally and plastics in Russia. In 2011, the Group increased the production of rubbers by 11.8% compared to 2010 and amounted to 559 thousand tonnes. Production of plastics increased by 9% in the same time period and amounted to 593 thousand tonnes.

Source: Nizhnekamskneftekhim