The Rosneft Board of Directors held a meeting on September 17, 2012 and ruled to call an extraordinary meeting of the Company’s shareholders, which is to be held on November 30, 2012 in Khabarovsk, Russia.
There were five items on the meeting agenda:
1. Distribution of the Company’s 2011 profits.
2. Additional dividend payments for 2011.
3. Early termination of the powers of all members of the Board of Directors.
4. Election of members of the Board of Directors.
5. Approval of related party transactions.
Regarding items 1 and 2, Rosneft Board of Directors also proposed that an additional 43.2 billion rubles be paid as dividends. This would bring the total net profit paid as dividends for 2011 to 79.8 billion rubles (25% of IFRS net profit) and the total dividend payment to 7.53 rubles per share (considering the June 20, 2012 decision of the general shareholders’ meeting approving this dividend amount). An additional dividend of 4.08 rubles will be paid per share.
The list of those entitled to participate in the extraordinary general meeting of Rosneft shareholders will be drawn up as of COB on September 21, 2012.
The Board of Directors set the final date for accepting voting ballots, as well as confirming the addresses to which completed ballots can be sent and the procedure for informing shareholders about the general meeting.