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Company News

27 June 2014

Aeroflot Holds Annual General Meeting of Shareholders

Moscow, 27 June 2014 — Today JSC Aeroflot Russian Airlines («Aeroflot» or «the Company») held its Annual General Meeting of shareholders («AGM»). Aeroflot’s shareholders elected members to the Board of Directors, approved the Company’s 2013 dividends and passed a number of other agenda items. Aeroflot’s 2013 dividend of RUB 2.4984 per share is 2.1 times higher than the dividends paid for 2012.

In 2013, Aeroflot strengthened its position as Russia’s leading airline and one of Europe’s most successful air carriers, achieving meaningful results across all key areas of operation. Some of the top achievements for the year included robust growth in a number of operational metrics and further integration of the Company’s subsidiary airlines, which as a group achieved break-even at the operating profit level under IFRS. The Company also made important progress in launching new strategic projects, such as Aurora Airlines (operating in Russia’s Far East) and the low-cost carrier («LCC») Dobrolet (which made its inaugural flight in June 2014).

With strong operational performance and improved efficiency, Aeroflot Group («the Group») achieved robust financial results under IFRS in 2013, with revenue up by 15.0% and net profit by 41.9%, year-on-year.

Aeroflot continues to implement strategic objectives aimed at becoming a top-5 European airline and top-20 global airline in terms of revenue and passenger turnover. Some of the Group’s key priorities remain sustainable and profitable operational growth, further strengthening its leading position in service quality among European airlines and developing its IT infrastructure.

Aeroflot’s key short-term and mid-term objectives:

• Complete integration of subsidiary airlines into the Group using a multi-brand platform;

• Transition to managing all Group assets under a single commercial system and unified commercial policies;

• Increase passenger turnover and revenue of Group companies;

• Grow Aurora Airlines, the unified carrier focused on Russia’s Far East;

• Active development of the LCC Dobrolet.

AGM Resolutions:

The AGM approved Aeroflot’s annual report and the annual financial statements, including the profit and loss account for 2013, and also approved the distribution of the Company’s profit in accordance with the recommendations of the Board of Directors.

Shareholders approved a total dividend of RUB 2,774.8 mln for 2013, representing 25.0% of the Company’s net profit, as recommended by the Federal Agency for State Property Management. The AGM declared a dividend of RUB 2.4984 per share to be paid in cash, and set the dividend record date as 8 July 2014.

Shareholders elected the members of Aeroflot’s Audit Commission and appointed CJSC BDO as Aeroflot’s Auditor for 2014. The AGM approved the remuneration of members of the Board of Directors and Audit Commission, and also approved revised versions of Aeroflot’s Articles of Association, Regulations on the General Meeting of Shareholders, and Regulations on the Board of Directors.

The AGM resolved to approve interested party transactions, including transactions that may be entered into by Aeroflot in the future in the ordinary course of business.

The AGM elected Aeroflot’s Board of Directors members as follows:

Mikhail Alexeev — Chairman of the Management Board of Joint-Stock Company «UniCredit Bank»;

Kirill Androsov — Managing Partner of the Investment Company «Altera Capital»;

Igor Kamenskoy — Managing Director of Limited Liability Company «Renaissance Capital — Financial Consultant»;

Igor Kogan — Chairman of the Supervisory Council of the Nonprofit Partnership «Interbank Settlement System»;

Marlen Manasov — Individual Entrepreneur;

Roman Pakhomov — General Director of Limited Liability Company «Aviacapital-Service»; 

Dmitry Peskov — Director of Young Professionals, Autonomous Non-Profit Organization Agency for Strategic Initiatives to Promote New Projects;

Vitaly Saveliev — General director, JSC Aeroflot; Dmitry Saprykin — Deputy General Director for Sales and Property Matters, JSC Aeroflot;

Vasily Sidorov — General Director of Limited Liability Company «Agency for Recapitalization of Infrastructure and Long-Term Assets» (LLC «ARIDA»);

Sergei Chemezov — General Director of the State Corporation for Support of the Development, Production and Export of Hi-Tech Industrial Products «Rostekhnologii». Investor enquiries Aeroflot.

Investor Relations

+7 (495) 258-06-86

ir@aeroflot.ru

Media enquirie

Aeroflot Press Service

+7 (495) 752-90-71

+7 (499) 500-73-87

presscentr@aeroflot.ru

Russia

Tom Blackwell

+7 (919) 102 9064

blackwell@em-comms.com

UK/Europe

Peter Morley

+44 7927 186 645

morley@em-comms.com

North America

Quinn Martin

+1 646 629 5502

quinn@frontierpr.com

 

About Aeroflot

Aeroflot is Russia’s flagship carrier and one of the largest airline groups in Europe. In 2013, its 90th anniversary year, Aeroflot carried 20.9 million passengers (31.4 million passengers as Aeroflot Group including subsidiaries), a record for any Russian airline. A proud member of the SkyTeam global airline alliance, Aeroflot and its partners serve more than 1,000 destinations in 178 countries worldwide. Aeroflot operates one of the most modern and youngest fleets in Europe, numbering 156 Airbus, Boeing and Sukhoi airliners with an average age of 4.3 years. Aeroflot is among the global leaders in aviation safety. The company’s European Community Safety Assessment of Foreign Aircraft (SAFA) Index, which is the main globally recognized safety parameter, is comparable to global peers. The first Russian carrier to enter the IATA Operational Safety Audit (IOSA) register, renewing its registration for the fifth time in 2013, Aeroflot has successfully passed the IATA Safety Audit for Ground Operations (ISAGO) and is fully ISO 9001:2008 compliant. In 2013, Aeroflot was named by SKYTRAX as the Best Airline in Eastern Europe for the second time. Find more at www.aeroflot.com.