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Board Meeting 25 October 2016

October 26, 2016

The Board of Directors of Sembcorp Salalah Power & Water Company SAOG (“the Company”) is pleased to advise the Capital Market Authority, the Muscat Securities Market and the investor community of the following material resolutions made at the meeting of the Board of Directors (the “Board”) held on 25 October 2016:

a) The Board approved and authorised for issuance the Company’s Financial Statements and Management Report for the period ended 30 September 2016;

b) The Board approved the distribution of an interim cash dividend for 2016 of 10.3% of the Capital (10.3 baizas per share), in accordance with the authorisation given by the Company’s shareholders at its AGM on 15 March 2016 to the Shareholders who are registered in the Company Shareholders’ register with Muscat Clearance & Depository Company SAOC on 1 November 2016;

c) As part of the succession plans for senior executives, the Board has approved the transition plans for the current Chief Executive Officer (CEO) of the Company. An announcement regarding the successor CEO will be made in due course. The change of CEO will be effective from 1 January 2017.


October 26, 2016
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