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Rostelecom announces results of AGM

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Moscow, Russia – June 15, 2015 – Rostelecom OJSC (MOEX: RTKM, RTKMP; OTCQX: ROSYY), Russia’s national telecommunications operator, today announces the results of its AGM, which was held on June 15, 2015.

The AGM approved Rostelecom’s Annual Report and its financial statements for the fiscal year ended December 31, 2014.

Based on Rostelecom’s 2014 results, the AGM approved that the Company’s profit should be distributed as follows:

  1. The Company’s reserve fund is to be increased by RUB 728 thousand
  2. The Company’s equity capital is to be increased by RUB 20,032,131 thousand
  3. A dividend amounting to RUB 9,451,750 thousand, or 25% of 2014 IFRS net profit, is to be paid in cash, including:

    • RUB 4.05 per Class A preferred share[1];
    • RUB 3.34 per ordinary share[2].

The shareholders approved July 3, 2015 as the record date for receiving dividends for 2014.

The shareholders also elected the following to Rostelecom’s Board of Directors:

  1. Aganbegyan Ruben;
  2. Auzan Alexander;
  3. Dmitriev Kirill;
  4. Zlatopolsky Anton;
  5. Ivanov Sergei;
  6. Kalugin Sergei;
  7. Milyukov Anatoly;
  8. Poluboyarinov Mikhail;
  9. Pchelintzev Alexander;
  10. Semenov Vadim;
  11. Sergeichuk Vitaly.

The AGM elected the following to the Audit Commission:

  1. Veremyanina Valentina:
  2. Garshin Vasily;
  3. Kant Mandal Denis;
  4. Krasnov Mikhail;
  5. Musienko Oleg;
  6. Ponkin Alexander;
  7. Shevchouk Alexander.

The AGM approved the agreement on liability insurance for the Company’s Board of Directors and executives.

OOO Ernst & Young was appointed as Rostelecom’s auditor for 2015.

The AGM approved the decrease of the Company’s share capital by cancelling a portion of shares previously bought back from the market.

In addition, shareholders approved the remuneration for members of the Board of Directors and Audit Commission along with new editions of the Company’s Charter, regulations on the General Shareholders’ Meeting, regulations on the Board of Directors, regulations on the President and on the Audit Commission, as well as a number of other items on the agenda.

1 The unrounded dividend per Class A preferred share is equal to RUB 4,050033904632

2 The unrounded dividend per ordinary share is equal to RUB 3,34108279423228