Gazprom's AGM: decisions

27.06.2014

Gazprom's annual General Shareholders Meeting decides on agenda items

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

The Meeting approved the Company's Annual Report and Accounting Statements for 2013. The decision was made on distribution of the Company's profit, annual dividends inclusive, on the basis of the fiscal year results.

According to the Company's 2013 operating results, the Shareholders Meeting approved the dividend amount - RUB 7.20 per share (20.2 per cent increment versus the dividends paid out in 2012). In this way, the dividends make up 25 per cent of Gazprom's (parent company) net profit generated in 2013 under RAS and adjusted for the amount of financial investment revaluation and similar business activities of the Company.

The date of listing the persons entitled to receive dividends - July 17, 2014. The deadline to receive dividends for nominee shareholders and trustees, stock professionals listed in the Register of Shareholders - July 31, 2014; for the rest of registered shareholders - August 21, 2014.These decisions fully comply with the Board of Directors' recommendations.

The Meeting approved PricewaterhouseCoopers Audit (Closed Joint Stock Company) as Gazprom's Auditor for 2014. The company had been recognized as the winner of the open tender held by Gazprom.

The Shareholders Meeting 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 Shareholders Meeting approved amendments into the Gazprom Articles of Association and the Provision on the Company's Board of Directors. The amendments into the Gazprom Articles of Association are generally driven by the modifications introduced into the Federal Law on Joint Stock Companies, and the Provision was amended following the Articles of Association's changes approved by the General Shareholders Meeting of Gazprom in 2013.

The Shareholders Meeting ratified several transactions of corporate interest, which may potentially be executed by Gazprom while carrying on its usual business. The Meeting also approved the guarantee agreement signed by Gazprom and South Stream Transport on obligations of Gazprom Export.