Rosneft Holds AGM

Rosneft Holds Annual General Meeting of Shareholders

On June 27, 2014 Annual General Meeting of Rosneft shareholders was held in Khabarovsk. Holders of 92.9 % of the Company's shares took part in the meeting.

The Meeting approved the Annual Report, Annual Financial Statements, Profit Distribution of Rosneft for 2013.

The decision was taken to distribute 136,186.6 million rubles (12 rubles 85 kopecks per share) for dividends. The approved dividend amount equals 25% of Company's IFRS net profit and exceeds the previous year figure by 59.6%. The dividends will be paid to the nominal shareholders and professional securities market participants by July 22, 2014, and to other shareholders registered in the Shareholders Register by August 12, 2014.

Shareholders also elected the new Board of Directors consisting of 9 persons, including:

- Andrey Akimov, Chairman of the Management Board of Gazprombank (designated agent);

- Andrey Bokarev, President of Transmashholding, Chairman of Board of Directors of Kuzbassrazrezugol (designated agent);

- Matthias Warnig, Managing Director of the Nord Stream AG (Independent Director);

- Robert Dudley, President of BP group of companies (BP Russian Investments Limited shareholder's representative);

- Nikolai Laverov, Presidium Member of the Russian Academy of Sciences (Independent Director);

- Alexander Nekipelov, Director of the MSU Moscow School of Economics (designated agent);

- Igor Sechin, Rosneft President, Chairman of the Management Board (designated agent);

- Donald Humphreys, Member of the Board of Directors of Rosneft (Independent Director);

- Artur Chilingarov, Member of the Federation Council, Member of the International Affairs Committee, President of the Interregional Public Organization Association of Polar Explorers. 

The Meeting also elected the Аudit Comission consisting of 5 persons, approved Ernst & Young as the auditor of Rosneft, and defined the amount of remuneration and reimbursement of expenses of the Board of Directors members.

The Meeting approved new editions of the Charter of the Company, Regulations on the General Meeting of Shareholders of Rosneft, on the Board of Directors, Management Board, President, Audit Comission, and approved a number of related party transactions.

Rosneft Information Division

Tel.: + 7 (499) 517-88-97

June 27, 2014

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