OGZD.L Regulatory News (OGZD)

25.06.2010

Gazprom's Shareholders Meeting makes decisions on agenda items

The annual General Shareholders Meeting of Gazprom made decisions concerning the following items on the agenda.

The Meeting approved the Company's 2009 Annual Report and Accounting Statements including the Profit and Loss Statement. The decision was also made on the Company's profit distribution, annual dividends inclusive, based on the financial year results.

The Shareholders Meeting approved the dividend amount - RUB 2.39 per share following the Company's 2009 operating results. December 31, 2010 was set as the dividend payment deadline. These decisions fully comply with the Board of Directors' recommendations.

The dividends were calculated according to the approaches defined in the Gazprom Dividend Policy and amount to 17.5 per cent of Company's 2009 net profit less the profit received from revaluation of financial investments (mainly, the shareholding of Gazprom in Gazprom neft) and unsecured by the real cash flow.

The Meeting approved PricewaterhouseCoopers Audit (Closed Joint Stock Company) as Gazprom's Auditor for 2010. The company had been recognized as the winner of the open tender held in compliance with the Federal Law on Audit Activities.

The Meeting approved the amendments in the Company's Charter and in the Regulation on the Gazprom General Shareholders Meeting. The amendments stem from the modifications introduced in 2009 into the Federal Law on Joint Stock Companies.

The Shareholders Meeting also decided on the remuneration for the Gazprom Board of Directors and Audit Commission Members, who are neither holding public office in the Russian Federation, nor doing state civil service, in the amount recommended by the Board of Directors.

The Meeting ratified several transactions of corporate interest, which may potentially be executed by Gazprom while carrying on its usual business.