PLC: Board resolution

Petrolimex Petrochemical Joint Stock Company (HNX: PLC) announces the board resolution approved on 21/03/2011 as follows:

1. Realized salary fund of the Company

2. Plan to organize the Annual general meeting of shareholders 2010 of the Company on 22/04/2011 at Kim Lien Hotel, Hanoi

3. Criteria for 2011 plan:

4. - Sale: 294,307 tons

5. - Profit before tax: VND241,500,000,000

6. Submitting to the AGM the plan on Dividend payment by share for 2010 (25%) and Dividend payment by share for 2011 (15%)

7. Balancing the capital distribution.

- In March, supplying capital for operation of the following units:

+ Petrolimex Asphalt Company Limited: VND69 billion

+ Petrolimex Chemical Company Limited: VND 36 billion

- Carrying out the disbursement to ensure the working capital and Owner’s Equity/Total Assets of Petrolimex Chemical Company Limited of 30%

- Increasing charter capital in Petrolimex Asphalt Company Limited and Petrolimex Chemical Company Limited from VND50 billion to VND 100 billion.

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