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Results of OMV´s Ordinary Annual General Meeting 2012

  • Dividend of EUR 1.10 per share approved
  • Election of members of the Supervisory Board

OMV’s Ordinary Annual General Meeting has approved a dividend of EUR 1.10 per share for 2011 as well as all other agenda resolutions. OMV CEO Gerhard Roiss says: "We look back at a successful year 2011. Despite the challenges associated with the aftermath of the Arab Spring, which heavily impacted our production in Libya and Yemen, we achieved a strong operating result, above the level of 2010 and strengthened our company’s financial position to make it fit for the years to come.”

Today’s General Meeting has approved a dividend of EUR 1.10 per share, which corresponds to a 10% increase compared to the previous year and a payout ratio of 32%. The payment date was agreed for May 16, 2012. The Meeting presented the duly adopted annual financial statements and discharged the Executive Board and Supervisory Board. The annual remuneration of the Supervisory Board was set for 2011 at the same level as in 2010. Ernst & Young Wirtschaftsprüfungsgesellschaft m.b.H., Vienna, was elected as the auditor and Group auditor for the 2012 financial year.

Election of members of the Supervisory Board
Due to the resignation of Khadem Al Qubaisi from the Supervisory Board as of the end of this Annual General Meeting, Murtadha Al Hashmi was elected as member of the Supervisory Board until the close of the General Meeting deciding on the discharge for the 2013 financial year.

The CVs of all members of the Supervisory Board are available on OMV’s website.

Voting results will be posted on the OMV site at > Investor Relations > Events > Annual General Meeting 2012.

2012 Long Term Incentive Plan and Matching Share Plan
The General Meeting has again granted authorization for the Long Term Incentive Plan, which is a long-term compensation instrument for the Executive Board and selected senior executives introduced in order to promote mid- and long-term value creation at OMV. Authorization was also granted for the newly introduced 2012 Matching Share Plan – an integral part of the annual bonus agreement, which is a long-term compensation vehicle for the Members of the Executive Board that promotes retention and shareholder alignment in OMV, combining the interests of management and shareholders via a long-term investment in restricted shares. The following characteristics for the 2012 plans have been approved accordingly: Duration, eligibility, investment requirements, success criteria, minimum and maximum bonus shares as well as withdrawal rules.

Background information:

OMV Aktiengesellschaft
With Group sales of EUR 34.05 bn and a workforce of 29,800 employees in 2011, OMV Aktiengesellschaft is one of Austria’s largest listed industrial companies. In Exploration and Production, OMV is active in two core countries Romania and Austria and holds a balanced international portfolio. OMV had proven oil and gas reserves of approximately 1.13 bn boe as of year-end 2011 and a production of around 288,000 boe/d in 2011. In Refining and Marketing, OMV has an annual refining capacity of 22.3 mn t and as of the end of 2011 approximately 4,500 filling stations in 13 countries including Turkey. In Gas and Power, OMV sold approximately 24 bcm of gas in 2011. In Austria, OMV operates a 2,000 km long gas pipeline network with a marketed capacity of around 101 bcm in 2011. With a trading volume of around 40 bcm in 2011, OMV’s gas trading platform, the Central European Gas Hub, is amongst the most important hubs in Continental Europe. OMV further strengthened its position through the ownership of a 97% stake in Petrol Ofisi, Turkey’s leading company in the retail and commercial business.

Annual General Meeting 2012 ”carbon neutral”
After having realized the first “carbon neutral” Annual General Meeting in Austria in 2007, OMV once more in 2012 contributes to sustainable development and climate protection by the way the Annual General Meeting was organized. In order to do so, we have determined the CO2 emissions caused by the realization of the Annual General Meeting, and we offset these emissions through CO2 reduction certificates bought from a selected project. Thus, the Annual General Meeting is confirmed carbon neutral for the sixth time. Carbon neutral means that unavoidable emissions of greenhouse gases into the atmosphere will be compensated by emission reductions achieved in climate protection projects. A carbon neutral Annual General Meeting is one of our various activities to ensure economic, environmental and social sustainability of our business activities.