At the meeting held on May 14, 2009, the Board of Directors of JSC Gazprom Neft resolved to appoint June 22, 2009 for the annual general meeting of the Company’s shareholders. Participants register will be formed as of May 15, 2009.
At the meeting, it was decided to preliminarily approve and submit for the consideration of the shareholders meeting the annual report of the Company for 2008 as well as the annual financial statements of JSC Gazprom Neft for 2008 drawn up in accordance with Russian legislation.
Size of dividends recommended for payment to shareholders for 2008 makes 5.4 Rubles per one ordinary share
The Board of Directors considered the issue of selection of the external auditor for the execution of a mandatory annual audit of JSC Gazprom Neft and proposed to submit for approval of the general meeting of JSC Gazprom Neft’s shareholders ZAO PricewaterhouseCoopers Audit as an external auditor for the Company.
Besides, the Board of Directors made decisions on other issues concerning preparation and holding of the annual general shareholders meeting.
Upon completion of the meeting, the Chairman of the Board of Directors of JSC Gazprom Neft Aleksey Miller noted: “Summing up 2008 results, Gazprom Neft displayed high performance keeping on the leading position on efficiency among vertically integrated oil companies. After purchasing by Gazprom of a majority stake from Sibneft, the new management of the Company not only managed to maintain actual economic performance, but also improved the efficiency of the Company’s operations”.