Ad hoc report – Dividend Policy – details regarding shareholder return for 2016

In compliance with Capital Markets Law no. 297/2004 and Regulation no.1/2006 of NSC

Date of report: September 19, 2016
Name of issuer: OMV Petrom S.A.
Headquarters: Bucharest, 22 Coralilor Street, District 1
Telephone/fax number: +40 372 160697/ +40 372 868518 
Sole registration number at the Trade Register Office: 1590082
Fiscal attribute: R
Trade Register Number: J 40/8302/1997
Share capital: 5,664,410,833.5 RON
Regulated market on which the issued shares are traded: Bucharest Stock Exchange

Significant event to be reported:

Dividend Policy – details regarding shareholder return for 2016 
In line with the Company’s Dividend Policy, OMV Petrom S.A. (the Company) announces details regarding shareholder return for 2016 aiming at giving investors a better indication of their return (on the investment in OMV Petrom shares) out of the Company’s 2016 potential profits, as follows:

"OMV Petrom currently targets, subject to adverse developments in the external market, a proposed dividend from the 2016 net earnings of a minimum of 30% in the case it is fully covered by the Company's free cash flows before dividends."
The above should not be considered an amendment of the Company’s existing Dividend Policy, which will remain unchanged, but only a further detailing of the general principles with respect to 2016 only.
 
Starting the 2017 financial year and beyond, unless otherwise approved, the general principles under the Company’s existing Dividend Policy will remain unchanged and applicable, as follows: 

"OMV Petrom S.A. (the Company) is committed to deliver a competitive shareholder return through the business cycle, including paying an attractive dividend, subject always to maintaining a strong balance sheet that will enable the Company to finance its investment needs and to the shareholders’ approval."

Lacramioara Diaconu-Pintea
Member of the Executive Board