KazTransOil announced results of annual shareholder meeting held on May 28, 2014

/KASE, May 29, 14/ – KazTransOil (Astana), shares of which are officially listed on Kazakhstan Stock Exchange (KASE), provided to KASE the following press release of May 29, 2014: quotation On May 28, 2014, “KazTransOil” JSC conducted the Annual Shareholders Meeting, at which a number of important decisions for the Company have been adopted. The Annual Shareholders Meeting approved "KazTransOil" JSC Annual Financial Statements and Consolidated Annual Financial Statements for 2013, the Annual Report for 2013, the Board of Directors annual report for 2013 and other documents. The Annual Shareholders Meeting approved the distribution of the Company 2013 net profit and the payment of dividends on common shares. The dividend for 2013 was approved at KZT 109 per one common share of JSC "KazTransOil" (including taxes withheld in accordance with the laws of the Republic of Kazakhstan), which provides 15% yield to the placement price. Total amount of KZT 41,925,280,291 is to be sent for dividends, which is 66% of the Company's consolidated net profit for 2013. The record date of shareholders entitled to dividends for 2013 is June 13, 2014, 00:00AM. The dividends payment will start on July 3, 2014. The Annual Shareholders Meeting approved the early termination of the powers of Company's Board of Directors and elected new Board of Directors with the term of office of three years. The new Board of Directors is composed of six persons, including: 1) Kassymbek Ardak, the representative of “KazMunayGas” NC” JSC; 2) Mukushov Ardak, the representative of “KazMunayGas” NC” JSC; 3) Kabyldin Kairgeldy, the General Director (Chair of the Management Board) of “KazTransOil” JSC; 4) Daniel Mihalik, the independent director; 5) Moustafa Habib, the independent director; 6) Primbetov Serik, the independent director. Kassymbek Ardak was elected as the Chair of the Board of Directors of “KazTransOil” JSC. The Annual Shareholders Meeting approved the changes and amendments to the Charter of “KazTransOil” JSC, approved the Regulations on the General Shareholders Meeting of “KazTransOil” JSC and the Regulations on Board of Directors of “KazTransOil” JSC in a new edition. ends [2014-05-29]