Announcements

24.03.2015

Disclosure of the resolution of the Annual General Meeting of Sembcorp Salalah Power and Water Company SAOG

An annual general meeting of the shareholders of Sembcorp Salalah Power and Water Company SAOG (the “Company”) was held on Monday 23 March 2015 at the Hormuz Grand Hotel, Muscat, Sultanate of Oman. The following resolutions were passed:

1. The report of the Board of Directors of the Company for the year ended 31 December 2014 was approved.

2. The reports on Corporate Governance for the financial year ended 31 December 2014 were approved.

3. The financial statements (Balance Sheet and Profit & Loss Account) of the Company for the financial year ended 31 December, 2014 were                  approved.

4. A proposed cash dividend of 4.2% for the shareholders from the share capital of the Company (equivalent to 42 Baizas per share) to                             shareholders listed in the shareholders’ register maintained by the Muscat Clearing and Depository Company SAOC as at 1 April 2015 was               approved.

5. The sitting fees for the Directors and the Sub-Committees of the Board for an amount of RO 21,250 for the financial year ended 31 December  2014 and the proposed sitting fee for the financial year 2015 was approved.

6. The Directors’ remuneration of RO 84,800 for the financial year ended 31 December 2014 was approved.

7. The transactions and contracts entered into by the Company with related parties, for the year financial year ended 31 December 2014 were  approved.

8. The proposed transactions and contracts to be entered into by the Company with related parties, for the year financial year ending 31 December  2015 were approved.

9. The donation of RO 32,000 made to support community services during the financial year ended on 31 December 2014 was approved.

10. A budget of RO. 42,000 for the financial year 2015 to support community services was approved.

11. The appointment of KPMG as the auditors of the Company at a fee of RO. 9,770 for the financial year 2015 was approved.