OREANDA-NEWS. Today, the Board of Directors of JSOC Bashneft reviewed a number of issues related to the Annual General Meeting of Shareholders of the Company to be held on June 10, 2014. The Board decided to include the following persons in the list of candidates nominated to the Board:

1. Didier Baudrand

2. Charles Watson

3. Thomas Winkler

4. Alexander Goncharuk

5. Sergey Drozdov

6. Felix Evtushenkov

7. Alexander Korsik

8. Vsevolod Rozanov

9. Michael Hecker

10. Mikhail Cherniy

The Annual General Meeting of Shareholders is to consider approving the number of members of the Board of Directors at 10 members. Information on new candidates nominated to the Board of Directors of JSOC Bashneft is provided below.

As previously announced, on April 22, 2014 the Board of Directors recommended allocating part of JSOC Bashneft's net income for 2013 amounting to RUB 37.48 billion for dividend payments for the 2013 fiscal year.

Based on the Company's new authorized share capital formed as a result of the reorganization of Bashneft through consolidation of CJSC Bashneft-Invest with the Company and cancellation of preferred shares bought back by Bashneft, the amount of dividends recommended by the Board of Directors was set at RUB 211 per ordinary and preferred share, with total dividends amounting to RUB 37.48 billion.

Earlier, the Board of Directors had recommended that the Meeting should set the record date in accordance with the decision to pay (declare) dividends at June 23, 2014. If the Meeting of Shareholders gives its approval, dividend payments will be made in the first half of July 2014.