Resolutions passed in OMV Petrom S.A. Ordinary General Meeting of Shareholders

• Total dividends of RON 634 mn paid out for 2014
• Investment budget: around RON 5.3 bn (90% in Upstream)
• Two new members join OMV Petrom S.A. Supervisory Board

OMV Petrom S.A. (OMV Petrom), the largest oil and gas producer in South-Eastern Europe, announces the resolutions passed at the Ordinary General Meeting of Shareholders (OGMS) on April 28, 2015.

Distribution of dividends and investment budget
OGMS approved the distribution of dividends to OMV Petrom shareholders registered with the shareholders registry on the Registration Date, with a gross value of RON 0.0112 per share. The total gross value of dividends that will be distributed from June 12, 2015 amounts to RON 634 mn.

OGMS approved the revenue and expenditure budget of OMV Petrom S.A. for the year 2015. Therefore, the investments estimated by OMV Petrom amount to around RON 5.3 bn, 20% below the budgeted investments for 2014.

As per the strategy, most of the investments, namely 90%, will go to Upstream activities. The aim is to continue operational excellence initiatives and the onshore and offshore exploration projects. Downstream Oil activities will receive 9% of the budget, while 1% will go to investments in Downstream Gas.

Mariana Gheorghe, CEO OMV Petrom: "We are consistent in our goal of granting dividends, but we also need to adjust to the current market backdrop, where we see a halving of the oil price compared with last year. The dividend proposal aims to remunerate our shareholders, but also to secure the resources required to continue the company’s investment program."

Two new members join OMV Petrom Supervisory Board
OGMS approved the appointment of Christoph Trentini as a member of OMV Petrom’s Supervisory Board, for a mandate effective until April 28, 2017. As of January 9, 2015, Mr Trentini was appointed as an interim member of the Supervisory Board, following Hans-Peter Floren’s waiver.

During the same meeting, following the request of the shareholder Ministry of Energy, Small and Medium Enterprises and Business Environment to revoke Lucian-Dan Vlădescu from his capacity as a member of the Supervisory Board of OMV Petrom, OGMS approved the shareholder’s proposal to appoint Bogdan-Nicolae Badea to the position on the Supervisory Board that had become vacant, for the remaining period of the mandate of the preceding member, respectively until April 28, 2017

About OMV Petrom
OMV Petrom is the largest integrated oil and gas group in South-Eastern Europe, with an annual oil and gas production of approximately 66 mn boe in 2014. At the end of 2014, the Group had a refining capacity of 4.2 mn tons / year and operated an 860 MW high efficiency power plant and a 45 MW wind park. OMV Petrom is present on the oil products retail markets in Romania and neighboring countries through approximately 780 filling stations as of end of 2014.

OMV, one of Austria’s largest listed industrial companies, holds a 51.01% share in OMV Petrom. The Romanian state, via the Ministry of Energy, Small and Medium Enterprises and Business environment, holds 20.64% of OMV Petrom shares, the Property Fund holds 18.99% and 9.36% is free float on the Bucharest Stock Exchange.

In the last ten years investments for the consolidation and modernization of OMV Petrom amounted to more than EUR 11 bn. The annual direct, indirect and induced impact of OMV Petrom in Romania’s GDP is around 4.5%.

Starting 2007, OMV Petrom integrated the principles of corporate responsibility within its business strategy. In this period, the company allocated more than EUR 40 mn for the development of communities in Romania, focusing on environment protection, education, health and local development. “Andrei’s School” is the main platform for community involvement.

For more details and information:
OMV Petrom Media Relations: +40 (372) 161547, press.office@petrom.com
Website: www.petrom.com