PJT: Resolution of the 2014 Annual General Meeting

Petrolimex Joint Stock Tanker Company announced the resolution of the 2013 Annual General Meeting on April 12, 2014:

Article 1: The Meeting approved the profit & loss in 2013 and the plan 2014 as follows:

-  Profit & loss in 2013:

No.	Item	Unit	Implementation in 2013	Implementation/plan
1	Total revenue	dongs	370,890,560,428	141.8%
2	Profit before tax	dongs	14,918,493,560	102.9%
3	Profit after tax	dongs	11,242,604,976	103.4%
4	State budget payable	dongs	26,129,371,376	211.7%
5	Average income in month	Dongs/person	7,671,507	127.9%
6	Profit before tax to equity ratio	%	11.64%	103.4%
7	Dividend	%	8%	100%

-  Business plan for 2014:

No.	Item	Unit	Plan 2014
1	Total revenue	dongs	234,795,331,000
2	Profit before tax	dongs	15,000,000,000
3	Profit after tax	dongs	11,700,000,000
4	State budget payable	dongs	14,031,000,000
5	Average income in month	Dongs/person	8,000,000
6	Profit before tax to equity ratio	%	12.11%
7	Dividend	%	8%

Article 2: Approved the report of BOD in 2013

Article 3: Approved the audited financial statements in 2013.

Article 4: Approved the report of the Supervisory Board in 2013 and the plan 2014.

Article 5: Profit distribution plan in 2013:

Unit: dongs

No.	Item	Unit	Amount
I	Profit	Dongs	14,918,493,560
II	Deductions	Dongs	3,675,888,584
	Corporation income tax	Dongs	3,675,888,584
III	The remaining profit (I-II)	Dongs	11,242,604,976
1	Financial Reserve Fund (5% of profit after tax)	Dongs	562,130,249
2	Dividend (8% of charter capital)	Dongs	7,727,921,600
5	Bonus & welfare fund (12.5% of profit after tax)	Dongs	1,452,553,127
5	Development & Investment fund ( 13.3% of profit after tax)	Dongs	1,500,000,000

Article 6: Remuneration to the BOD, the Supervisory Board in 2013 and payment plan for 2014:

-  Approved the remuneration of the BOD and the Supervisory Board in 2013: VND 388,923,977

-  Approved the remuneration to the BOD and the Supervisory Board in 2014:

• BOD Chairman: 20% the remuneration of CEO
• Members of the BOD and Head of the Supervisory Board: 20% the remuneration of Deputy CEO
• Members of the Supervisory Board: 70% the remuneration of Head of the Supervisory Board.

Article 7: Authorized to the BOD to choose audited company in 2014 form one in two the audit company as follows:

-  Nam Viet Auditing & Accounting Financial Consulting Services Company Limited

-  Deloitte Vienam Co. Ltd

Article 8: Amending the company’s regulation:

Article 9: Approved to elect the BOD Chairman concurrently as CEO

Article 10: Approved to invest 01 ship.

Article 11: Approved to pay for the 2013 dividend in stock:

-  Payment for the 2013 dividend in stock:

·         Stock type: Common stock

·         Par value: VND10,000

·         Issue volume expected: 772,792 shares

·         Total value issue: VND7,727,920,000

·         Finance resource: Undistributed profit after tax in 2013

·         Objects: the shareholders are in the list recorded

·         Exercise ratio: 8% of charter capital (a shareholder owning 01 share will get 0.08 new share)

·         Issue date: expected in Quarter 2/2014

-  Plan for increasing charter capital:

·         Stock type: Common stock

·         Par value: VND10,000

·         Issue volume expected: 386,396 shares

·         Total value issue: VND3,863,960,000

·         Finance resource: investment & development until December 31, 2013

·         Objects: the shareholders are in the list recorded

·         Exercise ratio: 4% of charter capital (a shareholder owning 01 share will get 0.04 new share)

·         Issue date: expected in Quarter 2/2014

-  Plan for increasing charter capital to VND108,190,900,000

·         Charter capital increased from VND96,599,020,000 to VND108,190,900,000

Article 12: Approved the resignation and appointment a Member of the Supervisory Board in the term 2011-2015

-  Approving the resignation of Mr. Nguyen Tien Dung as a member of the Supervisory Board.

-  Mr. Dang Quang Tuan was appointed as a member of the Supervisory Board.

Article 13: This resolution took effect from April 12, 2014.

HOSE

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