Russian Helicopters, a subsidiary of Oboronprom, part of State Corporation Rostec and a leading global designer and manufacturer of helicopters, announces that the Board of Directors on 23 May met to discuss the convening and holding of the Annual General Meeting (AGM) of shareholders of the Company for 2012.

The Board of Directors resolved to hold the shareholders’ meeting on 28 June 2013. Shareholders may attend in-person or vote beforehand by returning voting papers distributed in advance of the meeting.

The Board of Directors approved the following agenda for the AGM of shareholders:

Approval of the annual report of Russian Helicopters, JSC for 2012;

Approval of the annual financial statements of Russian Helicopters, JSC for 2012, including the consolidated statements of comprehensive income;

Distribution of the profit of Russian Helicopters, JSC for 2012, including declaration of a full-year dividend;

Remuneration of members of the Board of Directors and Audit Commission of Russian Helicopters, JSC;

Election of the members of the Board of Directors of Russian Helicopters, JSC

Election of the Audit Commission of Russian Helicopters, JSC;

Approval of the auditor of Russian Helicopters, JSC;

Approval of related-party transactions that may be undertaken in the future by Russian Helicopters, JSC.

In addition, the Board of Directors gave preliminary approval to the Company’s annual report and considered the annual financial statements for 2012.

The Board of Directors also recommended dividend payments for 2012, taking into account dividends paid on ordinary shares for the first nine months of 2012. The total amount that Russian Helicopters, JSC, intends to pay as dividends for 2012 is RUB 1,376,696,526.20, of which RUB 460,169,150.28 were paid out as dividends for the first nine months of 2012.
The total dividend for 2012 per ordinary share of the Company is RUB 14.45. The company paid a dividend per ordinary share of RUB 4.83 for the first nine months of 2012. Therefore, the final dividend to be paid based on approval by the AGM of shareholders will be RUB 9.62 per share.

The Board of Directors also approved other resolutions in preparation for the holding of the AGM of shareholders.

The Board of Directors recommended Ernst & Young LLC as the Company’s auditor for 2013.

A list of related-party transactions that may be undertaken in future was drawn up for approval by the AGM of shareholders.

A list of information (materials) for presentation to shareholders of Russian Helicopters, JSC in preparation for the AGM of shareholders and presentation procedures were drawn up. The form and text of the voting papers were approved, and the list of persons invited to the meeting. The procedure for informing shareholders of the AGM of shareholders was also determined.

Russian Helicopters, JSC is a subsidiary of UIC Oboronprom, which in turn is a part of State CorporationRostec. It is one of the global leaders in helicopter production and the only helicopter design and production powerhouse in Russia. Russian Helicopters is headquartered in Moscow. The company comprises five helicopter production facilities, two design bureaus, a spare parts production and repair facility, as well as an aftersale service branch responsible for maintenance and repair in Russia and all over the world. Its helicopters are popular among Russian ministries and state authorities (Ministry of Defence, Ministry of Internal Affairs, Emergency Control Ministry), operators (Gazpromavia, UTair), major Russian corporations. Over 8000 helicopters of Soviet/Russian make are operated in 110 countries worldwide. Traditionally the demand is highest in the Middle East, Africa, Asia-Pacific, Latin America, Russia, and CIS countries. Russian Helicopters was established in 2007. In 2012 its IFRS revenues increased 21% to RUB 125,7billion. Deliveries reached 290 helicopters.

UIC Oboronprom, JSC is a multi-profile industrial and investment group established in 2002. It is a part of Russian Technologies State Corporation. Its main tasks include: helicopter engineering (Russian Helicopters, JSC) and engine-building (United Engine Industry Corporation managing company).

State Corporation Rostec was established in 2007 to support Russian industry in developing, producing and exporting high-tech industrial products for civil and military use. It includes 663 companies, currently organised into 12 defence holdings and five holdings for civil industries. Rostec has a presence in 60 of Russia’s regions, and exports its products to 70 countries. Rostec companies employ more than 900,000 people, or about 2% of Russia’s workforce. The company had net profit of RUB 45.6 billion in 2011, and paid RUB 100 billion into budgets of all levels. The company had net profit of RUB 45.6 billion in 2011, and paid RUB 100 billion into budgets of all levels.