Slovnaft to pay shareholders 4 euros per share dividend

• Slovnaft shareholders approve four euros per share dividend at their annual general meeting
• Total EUR 82.5 million to be paid out as dividends

BRATISLAVA, 6 April 2017 – Shareholders at SLOVNAFT, a.s. decided today at their annual meeting that the company will pay out dividends of four euros per share from the company’s retained earnings. The total amount to be paid out by the company in dividends is EUR 82.5 million.

A dividend will be paid out to any individual or legal entity recorded by the Central Securities Depository of the Slovak Republic (CDCP) as holding shares in SLOVNAFT, a.s. as of 13 April 2017 (the decisive date for determining entitlement to dividends) or that has established on or before that day a holding account in accordance with Sec. 105a of Act 566/2001 Coll. on Securities, as amended. A dividend is payable within 60 days of the decisive date for determining entitlement to a dividend, which in this case is 13 April 2017. In the event that a shareholder fails to claim the dividend as provided in policies for the payout of dividends, the unpaid dividend will be deposited into the account of SLOVNAFT, a.s. and retained for four years.

Shareholders also discussed today the annual report of SLOVNAFT, a.s. approving both the company’s separate and consolidated financial statements for 2016.

Ferenc Horváth was re-elected at the annual shareholders' meeting to serve as member of the Board of Directors and Zsolt Pethő became a new member of the Board of Directors instead of Vladimír Kestler. Szabolcs István Ferencz was re-elected to serve as member of the Supervisory Board, and Slavomír Hatina became a new member of Supervisory Board instead of Richard Austen. Members of the company’s Board of directors and Supervisory Board serve five-year terms.

Slovnaft’s majority shareholder is MOL, an international oil and gas company that owns 98.4% of Slovnaft, with others holding the remaining 1.6% of shares.