Slavneft' Megionneftegaz P : Annual General Meeting of SLAVNEFT’s Shareholders was held

02.07.2018

On June 29, 2018, the Annual General Meeting of Public Joint-Stock Oil and Gas Company Slavneft's (SLAVNEFT's) Shareholders was held in Moscow. The Meeting approved the Annual Report, Financial Statements and distribution of Company's profit under the 2017 performance results.

The shareholders adopted the resolution to allocate the SLAVNEFT net income in the amount of RUB 4,785,192,168.19 generated under the 2017 performance results for repayment of loan commitments. The Meeting also resolved not to declare dividends on SLAVNEFT's ordinary shares for 2017.

The shareholders elected the Company's Board of Directors consisting of 10 members and the Audit Commission consisting of 6 members. The following persons were included into the SLAVNEFT Board of Directors:

1. Didier Casimiro - Member of the Management Board, Vice President for Refining, Petrochemical, Commerce and Logistics, PJSC Rosneft Oil Company;

2. Roman V. Kvitko - Director of the Department for Legal Matters, PJSC Gazprom Neft;

3. Ural A. Latypov - Acting Vice President - Acting Manager of the Security Service, PJSC Rosneft Oil Company;

4. Rostislav R. Latysh - Director of the Consolidated Planning and Reporting Department, PJSC Rosneft Oil Company;

5. Eric Maurice Liron - Member of the Management Board, First Vice President, PJSC Rosneft Oil Company;

6. Sergei A. Papenko - Head of the Department for Business Performance and Liaison with Joint Ventures, PJSC Gazprom Neft;

7. Leonid N. Prokudin - Director of the Property Department, PJSC Rosneft Oil Company;

8. Anatoly M. Cherner - Deputy Chairman of the Management Board, Deputy CEO for Logistics, Processing and Sales, PJSC Gazprom Neft;

9. Vadim V. Yakovlev - Deputy Chairman of the Management Board, First Deputy CEO, PJSC Gazprom Neft;

10. Alexei V. Yankevich - Member of the Management Board, Deputy CEO for Economics and Finance, PJSC Gazprom Neft.

Crowe Expertisa LLC and Limited Liability Company Ernst and Young were approved to be the SLAVNEFT Auditors for reviewing the 2018 statements prepared under RAS and under IFRS, respectively.

The Meeting approved the restated Charter of the Company due to development of the corporate legislation and corporate governance practice. Based on this Charter, the Company has the three-level structure of governing bodies, i.e. the General Shareholders Meeting - the Board of Directors - the General Director. Company's status as the Public Joint Stock Company is reflected in its name.

The list of shareholders entitled to participate in the Annual General Meeting of SLAVNEFT's Shareholders was prepared in accordance with the Register data as of June 05, 2018.

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