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Information on accrual (non-accrual) of dividends for the last three (3) years by JSC “Sharguncoal”

The company ended 2016 with a net profit of 3,115. 9 thousand. Sums. Paragraph 2 of the resolution of the Cabinet of Ministers of the Republic of Uzbekistan dated March 31, 2015 No. 75 “on changing the special size of wholesale sales-increasing the selling price of coal”. The program of modernization of coal industry enterprises is planned only for the planned development of enterprises in 2013-2018 due to technical and technological re-equipment, repayment of investment loans, opening of coal mines.

According to the decision of the next General meeting of shareholders of the company on July 29, 2017, at the end of 2016, to direct net profit in the amount of 3,115.9 thousand soums to the Company’s development Fund with subsequent capitalization of the Authorized Fund and its intended use is determined.

The company completed in 2017 with a net profit of $ 7 006 651 000 soums. Item 2 of the resolution of the Cabinet of Ministers of the Republic of Uzbekistan No. 75 dated March 31, 2015 “on changing the special wholesale sales amount-surcharge to the selling price of coal”. The program of modernization of coal industry enterprises is planned only for the planned development of enterprises in 2013-2018 due to technical and technological re-equipment, repayment of investment loans, opening of coal mines.

According to the decision of the next General meeting of shareholders of the Company held on June 30, 2018, at the end of 2016, the net profit in the amount of 7,006,651 thousand soums was approved by the Cabinet of Ministers of the Republic of Uzbekistan on March 31, 2015. Paragraph 2 of the decree of the Government of the Republic of Uzbekistan “on changing the special amount of the premium to the wholesale price” is intended only for the program of modernization, technical and technological re-equipment of coal industry enterprises. In 2013-2018, balanced development of enterprises, repayment of investment loans, development of rocks and opening of coal deposits are planned.

The company completed in 2017 with a net profit of 11 656 348 000 soums. Item 2 of the resolution of the Cabinet of Ministers of the Republic of Uzbekistan No. 75 dated March 31, 2015 “on changing the special wholesale sales amount-surcharge to the selling price of coal”. The program of modernization of coal industry enterprises is planned only for the planned development of enterprises in 2013-2018 due to technical and technological re-equipment, repayment of investment loans, opening of coal mines. According to the decision of the next General meeting of shareholders on June 28, 2019, the company’s net profit in the amount of 11,656,348,000 soums will be transferred to the company’s development Fund, subject to further capitalization. its intended use has been determined.