Rosneft ROSN Rosneft Held Regular Meeting of Shareholders

  Rosneft (ROSN) - Rosneft Held Regular Meeting of Shareholders

RNS Number : 8488F
OJSC OC Rosneft
21 June 2012




                 Rosneft Held Regular Meeting of Shareholders

On June 20, a regular Annual General Meeting of Rosneft shareholders took
place in Saint-Petersburg. Holders of 97.19% of the Company's shares took part
in the meeting.

The Annual Report, the accounting statements and 2011 Rosneft net profit
distribution were approved of by the Meeting.

It was decided to distribute RUB 36,563.7 mln (RUB 3.45 per ordinary share) to
pay 2011 dividends on Rosneft shares. The approved dividend amount to be paid
exceeds the same figure for 2010 by 25%. The dividends will be paid
simultaneously to all shareholders no later than August 19, 2012.

The Company also sent a request to the Russian Government on preparation of
instructions to adopt the decisions on 2011 dividend amount increase up to 25%
of the Company's IFRS net profit.

In addition, the shareholders elected members to the new Board of Directors
comprised of 9 persons, namely:

1. Matthias Warnig, Managing Director, Nord Stream AG,

2. Mikhail V. Kuzovlev, President, Chairman of the Board, Bank of Moscow,

3. Nikolai P. Laverov, Vice President, Russian Academy of Sciences,

4. Alexander D. Nekipelov, Vice President, Russian Academy of Sciences,

5. Hans-Joerg Rudloff, Chairman, Barclays Capital,

6. Eduard Yu. Khudainatov, First Vice President, Rosneft,

7. Sergei V. Shishin, Senior Vice President, VTB Bank,

8. Dmitri E. Shugaev, Deputy General Director, SC Rostekhnologies, and

9. Ilya V. Scherbovich, President, United Capital Partners (UCP) Group.

The Meeting also approved of the new Company's Audit Committee comprised of 5
members, approved of ACG Business Systems Development to be the Auditor of
2012 RAS annual financial statements, passed the decision to pay remuneration
to members of the Board of Directors, as well as approved of a number of
related party transactions.

'We believe our shareholders will accept the decision on the dividend amount
increase positively. The stable Rosneft's performance and results of the
reporting period allow us to count on it. Moreover, a number of projects we
have initiated would ensure the Company's future sustainable growth and an
increase in its capitalization,' said Igor Sechin, Rosneft President, in his
comments on the Meeting outcomes.

                                     ***

The first meeting of the newly elected Company's Board of Directors took place
upon the end of the Shareholders' Meeting. Mr. Alexander D. Nekipelov was
elected as the Board Chairman. The following persons became his deputies on
the Board of Directors at Rosneft:

- Nikolai P. Laverov,

- Hans-Joerg Rudloff, and

- Sergei V. Shishin.

The Board of Directors also approved the composition of its three  committees 
each headed by  an independent  director, namely: Mr.  Hans-Joerg Rudloff  was 
elected to lead the Audit  Committee, Mr. Sergei V. Shishin  - to lead the  HR 
and Remuneration Committee, and Mr. Nikolai P. Laverov - to lead the Strategic
Planning Committee.



                                                  Rosneft Information Division
                                                      Tel.: +7 (495) 411 54 20
                                                       Fax: +7 (495) 411 54 21

                                                                 June 21, 2012



These materials contain statements about  future events and expectations  that 
are forward-looking in nature. Any statement in these materials that is not  a 
statement of  historical fact  is a  forward-looking statement  that  involves 
known and  unknown risks,  uncertainties  and other  factors which  may  cause 
actual results,  performance  or achievements  expressed  or implied  by  such 
forward-looking statements to differ. We  assume no obligations to update  the 
forward-looking statements contained herein to reflect actual results, changes
in assumptions or changes in factors affecting these statements.



                     This information is provided by RNS
           The company news service from the London Stock Exchange

END


AGMUASNRUWANURR -0- Jun/21/2012 06:50 GMT