April 22, 2016

On April 22, 2016 a scheduled meeting of the Rosneft Board of Directors was held in Moscow to consider issues related to the annual general shareholders meeting of the Company for the year 2015.

The Board of Directors resolved to call a Rosneft AGSM and hold it in St. Petersburg on June 15, 2016. The list of persons entitled to attending the scheduled general shareholders meeting is scheduled to be issued COB May 3, 2016.

The Board of Directors approved the following AGSM agenda:

  • Approval of the Company's annual report;
  • Approval of the Company's financial (accounting) statements, including the profit and loss reports (profit and loss statements);
  • Approval of the distribution of the Company's profit for the year 2015;
  • Amount, terms and form of dividend payout for the year 2015;
  • Remuneration and compensation of expenses to members of the Company's Board of Directors;
  • Election of the Company's Board of Directors members;
  • Election of the Company's Audit Commission members;
  • Approval of the Company's auditor;
  • Approval of related party transactions;
  • Approval of amendments to the Charter of Rosneft;
  • Approval of amendments to the Regulations on Rosneft Board of Directors;
  • Approval of amendments to the Regulations on the Collegial Executive Body of Rosneft;
  • Approval of amendments to the Regulations on the Collegial Executive Body (Management board) of Rosneft;
  • Approval of the amendments to Regulations on the Sole Executive Body (President) of Rosneft.

The Board of Directors preliminary approved the Company's 2015 annual report and recommended that the AGSM adopts a resolution to pay dividends of 11.73 rubles per one ordinary share which constitutes 35% of the Company IFRS net profit. The total amount Rosneft will use for dividend payment will be equal to RUB 124.3 bln.

The Board of Directors recommended appointing Ernst and Young LLC as the Company's auditor of 2016 RAS and IFRS financial statements and determined the cost of services.

Rosneft Information Division
Tel.: + 7 (499) 517-88-97
April 22, 2016

These materials contain statements about future events and expectations that are forward-looking in nature. Any statement in these materials that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements expressed or implied by such forward-looking statements to differ. We assume no obligation to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.

OJSC Oil Company Rosneft issued this content on 22 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 25 April 2016 07:31:19 UTC

Original Document: http://www.rosneft.com/news/pressrelease/220420162.html