Gazprom Neft’s Board of Directors recommends payment of interim dividends

13 August 2015

Gazprom Neft’s Board of Directors has called for an extraordinary general meeting (EGM) to consider payment of an interim dividend for the first half of 2015.

The EGM will be held on 30 September 2015. The record date for participation in the EGM is the close of business on 23 August 2015.

The Board recommends that Gazprom Neft’s shareholders approve the payment of a dividend of RUB 5.92 per share. The total amount of the dividend will be RUB 28.1 billion, equivalent to 25% of the Company’s consolidated profit in the first half of 2015 (RUB 112.4 billion) as calculated under the International Financial Reporting Standards (IFRS). If approved at the EGM, the dividends will be paid out by close of business on 16 October 2015.

Gazprom Neft paid its first interim dividend in 2013. Payment of an interim dividend is in line with best practice and will allow shareholders to receive their share of profit for the first half of the year.

In addition, at the EGM the Board will recommend that shareholders approve Gazprom Neft’s amended Articles of Association (due to changes in the Russian Civil Code) and Code of Corporate Governance.