Energia s. P. Korolev Rocket and Space Corporation Energia

Equity capital

Equity capital structure

RSC Energia Charter capital amounts to 1 123 734 000 rubles and consists 1 123 734 common shares with nominal value of 1 000 rubles each.

The number of RSC Energia authorized stock totals 250 000 shares.

At the present time, the Corporation has no at its disposal:

• 
  of additional shares which can be placed or in the process of being placed;
  
• 
  of shares which became available (listed in the fixed assets) to the Corporation;
  
• 
  of extra shares which can be placed as the result of conversion of placed securities to be converted into shares or as the result of the Corporation options commitments performance.
  

Corporation shareholders number as on 31.12.2014

Total number of shareholders (including):	8 385
legal persons (including nonresidents)	19
natural persons (including nonresidents)	8 366
Nominee shareholders	1

Corporation Charter Capital Structure
as on 31.12.2014

Legal persons – owners – 58,75% (660 225 shares)

Legal persons – nominee shareholders – 32,655% (366 957 shares)

Natural persons – 8,60% (96 552 shares)



Shareholders whose stake in the Corporation Charter capital is more than 2%
as on 31.12.2014

OAO URSC – 38,22% (429 497 shares)

PAO IK “Razvitiye” – 17,32% (194 625 shares)

RSC Energia ZAO ZEM – 3,17% (35 604 shares)

QUORUM FUND LIMITED – 2,03% (22 868 spares)

NKO ZAO NRD – 32,65% (366 957 shares)*

*NKO ZAO NRD (nominee shareholder), including:

ZAO Lider (Pension Fund Assets Management Company) - 12,41% (139 418 shares)

OOO Management Company “Agana” - 12,71% (142 816 shares)

RSC Energia shares were traded in the List of Unlisted Securities (without listing procedure) at Moscow Stock Exchange (ZAO FB MMVB). Since 09.06.2014 RSC Energia shares are traded in the Third Tier of the List of Securities allowed for sale by tender at ZAO FB MMVB. Information about the state of the Corporation shares market is available on official Web site of Moscow Stock Exchange moex.com (ticker tape message RSC Energia - RKKE).

Dividend Policy

RSC Energia dividend policy is based upon the balance of interests between the Corporation and its shareholders in determining size of dividend payment; efforts to increase investment attractiveness of the Corporation and its capitalizing; respect and strict observance of the rights of shareholders provided for by the Russian Federation existing legislation, the Corporation Articles of Association and its in-house documents.

Declaring dividends and their payment are carried out according to the Provision on Dividend Policy approved by RSC Energia Board of Directors, as well as in line with the recommendations given by Federal Property Management Agency (the representative of the principal shareholder – Russian Federation till 23.09.2014). In order to carry out the order issued by the Federal Property Management Agency, the Corporation ensured implementing the provisions foreseen by the RF Government Direction No. 774-r of 29.06.2006 during the period from 2009 at least 25% of net profit had been allocated by the Corporation for dividend payments.

Corporation dividend history over the 2012-2013 period.

	2011	2012	2013*
Period for which dividends are paid	full year	full year	full year
Control body which passed a resolution to declare dividends	General Shareholders’ Meeting	General Shareholders’ Meeting	General Shareholders’ Meeting
Date of holding General Shareholders’ Meeting	23.06.2012	06.07.2013	14.01.2015
Date on which the List of persons entitled to get dividends for a given dividend period was drawn up.	04.05.2012	27.05.2013	03.02.2015
Date of making up General Shareholders’ Meeting Minutes and their number	27.06.2012 No.24	10.07.2013 No.25	16.01.2015 No.28
Category (Class) of shares	common	common	common
Size of declared dividends on this category (class) of shares per share, rubles	280	172	95
Size of declared dividends in the aggregate on all shares of a given category (class), rubles	314 645,5	193 282,2	106 754,7 (including taxes 4 769,0)
Source of declared dividends payments:	Net profit for 2011	Net profit for 2012	Net profit for 2013
Share of declared dividends in net profit for accounting year, %	25,26	25,47	25,65
Total size of dividends paid on all issuer shares of one category (class), rubles	314 475,7	193 178,2	101 860,0** (net of taxes)
Share of dividends not received by addressees, %. Reasons: - stale data in legal persons payment details; - shareholders not available at the addresses indicated in questionnaires; - no mail transfers are made with certain countries where some of the shareholders-natural persons (nonresidents) are registered; - incorrect particulars for payment stated by shareholders	0,05	0,05	0,12
Time allowed for payment of declared dividends on shares:	till 21.08.2012	till 04.09.2013	- for nominee shareholder and professional securities market participant, trustee entered in the Register of Shareholders – till 17.02.2015; - for other persons entered in the Register of Shareholders – till 12.03.2015

* At the annual General Shareholders’ Meeting held on 12.07.2014. (Minutes No. 26 of 15.07.2014), no decision was taken on RSC Energia profits allocation by the 2013 Corporation performance. Relevant decision was taken at extraordinary General Shareholders’ Meeting held on 14.01.2015 (Minutes No. 28 of 16.01.2015).

** As on the date of expiration of dividend payments period established by law (12.03.2015).

Information about distribution and disposition of profits in 2014 which were earned by the Corporation 2013 performance

RSC Energia net profit by its 2013 performance was 416 218 thousand rubles.

At the annual General Shareholders’ Meeting held on July 12, 2014 (Minutes No. 26 of 15.07.2014) no resolution was adopted concerning RSC Energia profit allocation by its 2013 performance; therefore, no data on disposition of the profits earned by the Corporation in 2013 was given.

Net profit disposition in accordance with the resolution adopted at the extraordinary General Shareholders’ Meeting of RSC Energia held on January 14, 2015 was as follows:

• 
  Payment of dividends in the amount of 106 754,7 thousand rubles (25,65% of net profit volume) calculated on the basis of 95 rubles per common share.
  
• 
  No cash payments were allocated to Reserve Fund (Reserve Fund is already set up).
  
• 
  In the amount of 306 201,7 thousand rubles (73,57% of net profit volume) the funds were allocated to Investment Fund.
  
• 
  Amount totalling 3 261,6 thousand rubles (0,78% of the net profit volume) was allocated for payment of remuneration by the Corporation 2013 performance to RSC Energia Board of Directors and Board of Management members.
  

Accordingly, implementation of the resolution adopted at extraordinary General Shareholders’ Meeting concerning disposition of the net profit earned by RSC Energia performance in 2013 took place during 2015 beyond the accounting period of 2014.

Appendix 2 to the Annual Report gives a detailed information about disposition of the net profit drawn by the Corporation in 2012.