Gazprom managers set agenda for shareholders meeting

April 8, 2014

The Gazprom Management Committee addressed the issues associated with preparing and holding the Company's annual General Shareholders Meeting, Gazprom’s press office said on April 7.

The Management Committee approved the proposal to convene the annual General Shareholders Meeting of Gazprom at 10:00am (local time) on June 27, 2014 at the Company's headquarters in Moscow. Registration of the meeting participants is to be carried out on June 25 (from 10:00am to 5:00pm) and on June 27 (from 9:00am).

The Management Committee formulated the proposals for the Board of Directors concerning the dividends payout based on the Company's operating results over 2013. In particular, the proposed amount of dividends reflecting Gazprom's operating results in 2013 makes up RUB 7.20 per share (20.2 per cent increase as compared to the dividends approved by the Shareholders Meeting in 2012). In this way, the dividends will make up 25 per cent of Gazprom's (parent company) net profit generated in 2013 under RAS and adjusted for the amount of financial investment revaluation and similar business activities of the Company. The decision on the dividend payment amount, method and dates as well as the date when a list of persons entitled to receive dividends is drawn up, will be made by the Shareholders Meeting as recommended by the Board of Directors.

The Management Committee resolved to propose to the Board of Directors to nominate PricewaterhouseCoopers Audit for approval by the Shareholders Meeting as the Company's auditor. PricewaterhouseCoopers Audit is the winner of the open bidding procedure among auditing companies for performing statutory annual audit of Gazprom.

Source: Gazprom Press Office, 2014