ROSN.L Regulatory News (ROSN)

17 Mar 2008 09:28

OJSC OC Rosneft17 March 2008 Rosneft Board of Directors Reviews Progress of Preparations for Annual General Shareholders' Meeting (AGM) On March 5, 2008, the Board of Directors of OJSC Rosneft (the Company) met toreview preparations for the Company's Annual General Shareholders' meeting(AGM), results of the Board's Committees for Audit, Strategic Planning, andPersonnel and Remuneration during 2007; and shareholder proposals concerningcandidates for election to the Company's Board of Directors and the InternalAudit Committee, as well as to approve proposed related-party transactions. The Board resolved to call the AGM of Rosneft in Moscow at the Expocenter onKrasnaya Presnya, on June 5, 2008 at 11:00 a.m. The list of shareholdersentitled to participate in the AGM will be prepared on the basis of theshareholder register as of April 16, 2008. The Board of Directors approved OJSC ROSNEFTEGAZ' proposal to include thefollowing questions in the agenda for the AGM: 1) Approval of the Company's annual report for 2007;2) Approval of annual accounting reports, including the profit and loss account(accounts);3) Approval of profit allocations, based on the 2007 results;4) Discussing the amount, timeframe and method of paying dividends, based on the2007 results;5) Discussing remunerations and compensations of expenses of the members of theBoard of Directors;6) Election of the members of the Board of Directors;7) Election of the members of the Internal Audit Committee;8) Approval of the Company's independent auditor;9) Proposed changes and amendments to the Company's Charter. The list of candidates for elections to the Board of Directors of OJSC Rosneftat the Annual General Shareholders' meeting included 12 people. From OJSCROSNEFTEGAZ and the Federal Property Management Agency (owners of more than 75%of voting shares of the Company), the following joint candidates were nominated: 1) Denis Arkadievich Askinadze - Director of Department of State Regulation ofTariffs, Infrastructural Reforms and Economics of Natural Resources, theMinistry of Economic Development and Trade of the Russian Federation; 2) Andrey Removich Belousov - Deputy Minister of Economic Development and Tradeof the Russian Federation; 3) Sergey Mikhailovich Bogdanchikov - President of OJSC Rosneft; 4) Sergey Evgenievich Naryshkin - Deputy Prime Minister of the Government of theRussian Federation, Head of the Administration of the Government of the RussianFederation; 5) Gleb Sergeevich Nikitin - Deputy Head of the Federal Agency for FederalProperty Management; 6) Yury Alexandrovich Petrov - Chairman of the Russian Federal Property Fund; 7) Andrey Georgievich Reus - General Director of OJSC OPK OBORONPROM; 8) Vladimir Yurievich Salamatov - Director of State Industrial PolicyDepartment, the Ministry of Industry and Energy of the Russian Federation; 9) Igor Ivanovich Sechin - Deputy Head of the Administration of the President ofthe Russian Federation, Aide to the President of the Russian Federation. From LLC RN-Razvitie (owner of 9.44% of voting shares of Rosneft), the followingcandidates were nominated: 1) Andrey Leonidovich Kostin - President, Chairman of the Management Board ofJSC VTB Bank; 2) Alexander Dmitrievich Nekipelov - Vice-President of the Russian Academy ofSciences; 3) Hans-Joerg Rudloff - Chairman of Barclays Capital. The list of candidates for the Internal Audit Committee included 5 people: 1) Sergey Igorevich Zhuravlev - Head of Property Department, Fuel and EnergySector, the Federal Agency for Federal Property Management; 2) Andrei Nikolaevich Kobzev - Deputy Head of Legal Support and PropertyRelations in the Fuel and Energy Sector, the Federal Agency for Energy; 3) Dmitry Sergeevich Logunov - Advisor, Property Department, Fuel and EnergySector, the Federal Agency for Federal Property Management; 4) Viktoria Vladimirovna Oseledko - Deputy Director of State Industrial PolicyDepartment, the Ministry of Industry and Energy of the Russian Federation; 5) Andrey Sergeevich Fomin - Deputy Head of Corporate Policies Division,Department of State Policy of the Ministry of Industry and Energy of the RussianFederation. Rosneft Information Division +7 (495) 221-31-07 phone +7 (495) 411-54-21 fax n_manvelov@rosneft.ru March 12, 2008 These materials contain statements about future events and expectations that areforward-looking in nature. Any statement in these materials that is not astatement of fact is a forward-looking statement that involves known and unknownrisks, uncertainties and other factors which may cause actual results,performance or achievements expressed or implied by such forward-lookingstatements to differ. We assume no responsibility to update the forward-lookingstatements contained herein in line with actual results, changes in underlyingassumptions or changes in factors affecting these statements. This information is provided by RNS The company news service from the London Stock Exchange