On behalf of the Board of Directors of Sohar Power Company SAOG, we would like to inform you of the resolutions adopted at the Extraordinary General Meeting and the Annual Ordinary General Meetingof the Company held on 30 March 2014 at the Beach Resort Shatti Al Qurum, Muscat.

Resolutions of  the Extraordinary General Meeting:

  1. The proposal to Amend the nominal value of the Company's shares from RO 1 (Rial Omani One) to Baizas 100 (Baizas One hundred) per share and to amend Articles 5 and 7 and Appendix Definitions of the Articles of Association of the Company accordingly, was approved.

Resolutions of  the Annual General Meeting:

1. The Board of Director's report for the financial year ended on 31 December 2013 was approved.

2.   The Corporate Governance report for the financial year ended on 31 December 2013 was approved.

 3. The Auditors' report and the financial statements (balance sheet and profit and loss account) for the financial year ended on 31 December 2013 were approved.

 4. The transactions and contracts the Company concluded with related parties during the financial year ended on 31 December 2013 were approved.

 5.The transactions and contracts the Company intends to conclude with related parties during the financial year ending on 31 December 2014 were approved.

 6. The proposal of distributing final cash dividends for the financial year ended 31 December 2013 at 11 % of the capital (Baizas 11 per share), was approved.

 7. Authorizing the Board of Directors to distribute interim cash dividends for the period from 1 January 2014 to 30 June 2014 subject to a ceiling of 15% (15 Baizas per share) out of the Company's available retained earnings on 30 June 2014, was approved.

 8. The sitting fees paid to Board of Directors for the Board meetings and the Audit Committee meetings held during the financial year ended on 31 December 2013 was approved and the proposed fees payable for such meetings for the financial year ending on 31 December 2014 was approved.

 9. The Directors' remuneration of RO 167,000 (One Hundred Sixty Seven Thousands) for the financial year ended 31 December 2013 was approved.

 10. Moore Stephenswere appointed auditors of the Company for the year ending 31 December 2014 for a remuneration of RO [9,500].

 11. Four (4) new members were elected to the Board of Directors of the Company as follows:

No.

Candidate

Capacity of membership

Basis of membership

1

Jeronimo Roura

In Personal Capacity

Non-Executive/ Independent

2

Andrew Smithson

In Personal Capacity

Non-Executive/ Independent

3

Abdul Raouf Abu Dayyeh

RepresentativeSogex Oman CO. LLC

Non-Executive/ Independent

4

Przemyslaw Lupa

In Personal Capacity

Non-Executive/ Independent



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