VIII Regular Session of the Shareholders’ Assembly of NIS held

At its VIII Regular Session held today the Shareholders’ Assembly of NIS j.s.c. adopted the Decision on distribution of profit for the year 2015, payment of dividends and establishment of the total amount of retained earnings of the Company.

Based on the Decision of the Shareholders’ Assembly, for the fourth consecutive year 25 percent of net Company profit for the year 2015, or the amount of RSD 4,025,961 in total gross amount or RSD 24.69 gross per share will be paid as dividends. The right to dividend for the year 2015 is granted to all shareholders of the Company registered with the Central Securities Depository and Clearing House as of the date of the VIII Regular Session of the Shareholders’ Assembly, 18th June 2016. The Shareholders’ Assembly has authorized the Board of Directors of NIS to determine the date and the procedure for the payment of dividends to shareholders.

The Financial Statements for the year 2015, Consolidated Financial Statements for the last year as well as the Auditor’s Reports on Financial Statements and Consolidated Financial Statements for the year 2015 were also adopted at the Session of the Shareholders’ Assembly of NIS j.s.c. Novi Sad. The Annual Report of NIS for the year 2015 and the Report on Audit of the Annual Report were also adopted at this Session. According to the decision of the Shareholders’ Assembly, „PricewaterhouseCoopers d.о.о. Beograd” was appointed as the auditor of the Financial Statements and Consolidated Financial Statements for the year 2016.

At the proposal of the majority shareholder PJSC “Gazprom Neft”, the following persons were appointed as the members of the Board of Directors of NIS at the session of the Shareholders’ Assembly: – Vadim Yakovlev, Deputy President of the Executive Board of PJSC “Gazprom Neft” and First Deputy CEO of PJSC “Gazprom Neft”,– Kirill Kravchenko, member of the Executive Board of PJSC “Gazprom Neft” and Deputy CEO for Management of Foreign Assets of PJSC “Gazprom Neft” and CEO of NIS j.s.c. Novi Sad,– Alexander Bobkov, Advisor to the CEO of PJSC “Gazprom Neft”,– Alexey Yankevich, member of the Executive Board of PJSC “Gazprom Neft” and Deputy CEO for Economics and Finance of PJSC “Gazprom Neft”,– Alexander Krilov, Director of the Regional Sale Department of PJSC “Gazprom Neft”,– Anatoly Cherner, Deputy President of the Executive Board of PJSC “Gazprom Neft” and Deputy CEO for Logistics, Refining and Trade of PJSC “Gazprom Neft”.

At the proposal of the Republic of Serbia, the following persons have been appointed as the members of the Board of Directors:– Nikola Martinović,– Goran Knežević,– Danica Drašković.

Wolfgang Ruttenstorfer and Stanislav Šeškinja have been appointed as the independent members of the Board of Directors.

Nenad Mijailović has been appointed as the President of the Shareholders’ Assembly Board responsible for supervision over the business operations and procedures for reporting to the Company shareholders, while Zoran Grujičić and Alexey Urusov, Director of the Department for Economic and Corporate Planning of PJSC “Gazprom Neft”, have been appointed as the members of this Board.