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

25.06.2019

On June 20, 2019, the Annual General Meeting of Open Joint-Stock Company Slavneft-Megionneftegaz's (SN-MNG's) Shareholders was held in Megion. The Annual Report, Financial Statements and distribution of Enterprise's earnings under the 2018 performance results were approved at the Meeting.

The shareholders adopted the resolution to distribute the SN-MNG net income in the amount of RUB 11.8 bln generated under the 2018 performance results as follows:

- Allocate RUB 11.3 bln for investment program financing; - Allocate RUB 0.5 bln for repayment of loan commitments (except for the interests on loans).

The Meeting also resolved not to declare the dividends on SN-MNG's ordinary and preferred shares for 2018.

The shareholders elected the Enterprise's Board of Directors consisting of 8 members and the Audit Commission consisting of 6 members. The following persons were included into the composition of the SN-MNG Board of Directors:

1. Vadim V. Akimenko - Deputy Director of the Oil and Gas Production Department, PJSC Rosneft Oil Company;

2. Azat A. Garifullin - Deputy Director of the Well Construction Department, PJSC Rosneft Oil Company;

3. Andrei V. Dedurin - Deputy Director of the Oil and Gas Production Department, PJSC Rosneft Oil Company;

4. Sergei A. Doktor - Director of the Upstream Block, Gazprom Neft PJSC;

5. Olga Yu. Makarova - Head of the Business Unit for Control over Subsidiaries and Joint Ventures, Corporate Governance Department, Gazprom Neft PJSC;

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

7. Artem V. Prigoda - Advisor to CEO for Upstream Planning, Efficiency Management, Development and Investments in the rank of Vice President, PJSC Rosneft Oil Company;

8. Sergei I. Fedorov - Head of the Joint Venture Management Department, Upstream Block, Gazprom Neft PJSC.

Crowe Expertisa LLC was approved to be the SN-MNG Auditor in 2019. The list of shareholders entitled to participate in the Annual General Meeting of SN-MNG's Shareholders was prepared as of May 27, 2019.

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