OREANDA-NEWS. July 03, 2014. The shareholders of OJSC GAZ – main legal entity of GAZ Group – took the decision to pay dividends on the privileged shares for 2013 at the annual general meeting.

The shareholders also elected the Board of Directors of OJSC GAZ and approved the annual report of the Company.

The OJSC GAZ shareholders decided to distribute the net profit earned by the Company in 2013 as follows: to pay dividends on the privileged shares in the amount ofRUR7.85 per share, not to pay dividends on the ordinary shares, and to leave the remaining net profit at disposal of the Company.

The OJSC GAZshareholderselectedtheBoard of Directors of OJSC GAZ:

ManfredEibeck, CEO of Russian Machines;

PeterKoob, Member of the Russian Machines Board of Directors;

EvgeniyKornilov, FirstDeputy CEO of Russian Machines for Corporate Business Development;

ArtemLeontiev, HR Director of Basic Element;

Maksim Nagaitsev, CEO of NAMI;

ValeryShantsev, Acting Governor of the Nizhny Novgorod Region.

DmitrySnesar, Senior Vice-President of VTB Bank;

VadimSorokin, GAZ Group President;

SiegfriedWolf, ChairmanoftheRussian Machines Board of Directors;

The shareholders also approved the annual report and accounting statements of OJSC GAZ for 2013, elected the revision commission, and approved TsBA as the Auditor.