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Changes in the Board of Directors

Release Date: 9/19/2018 6:30:10 PM

IRIS Code: C4058

No. 8064/ September 19th, 2018


Current report according to the F.S.A. Regulation no. 5/2018
Report date: 19 septembrie 2018


Registered office: Navodari, Bulevardul Navodari nr. 215 (Pavilion Administrativ), Constanta County

Telephone number: 0241/506100; 506553

Fax number: 0241/506930; 506901

Trade Registry number: J13/534/1991

Sole registration code: 1860712

Subscribed and paid capital: Lei 4,410,920,572.60

Regulated market on which securities are traded: BUCHAREST STOCK EXCHANGE (RRC market symbol)

Important event to report: Changes in the Board of Directors

Changes in the Board of Directors

The subscribed, Rompetrol Rafinare S.A. (hereinafter referred to as “Company”), hereby publicly inform about the appointment of Mr. Meraliyev Saduokhas as interim member of the Board of Directors and his election on the position of President of the Board of Directors, following Mr. Catalin Dumitru giving up the mandate of member of the Board of Directors and of the position of President of the Board of Directors.

In accordance with the provisions of the art. 1372 of the Law no. 31/1990 on trading companies, republished, as further amended, and of the art. 14.6 of the Articles of Incorporation of Rompetrol Rafinare S.A., Mr. Meraliyev Saduokhas was appointed interim member of the Board of Directors, as of September 1st, 2018, until the next General Ordinary Meeting of Shareholders.

As of the same date, September 1st 2018, Mr. Meraliyev Saduokhas was appointed on the position of president of the Board of Directors until the date of adoption of the Decision of the General Ordinary Meeting of Shareholders of the company concerning the election of a new permanent director of the Company and of a new decision of the Board of Directors on electing a new President.

Mr. Meraliyev Saduokhas graduated the Moscow University of Oil and Gas, followed by a bachelor degree in economics from the Moscow Institute of Finances and Economics. He completed his academic curricula with in-depth studies in business management in United States, within the University of California and of Berlitz Foreign Language Centre from Walnut Creek. He joined KMG International Group in March 2008 as General Deputy Manager of the Group. Mr. Saduokhas defines strategy and ensures the operational management for the Industrial Production and Service Unit, in accordance with the KMG International strategy. Mr. Saduokhas has more than 36 years of experience in the oil and gas industry, occupying management positions in more profile companies as of 1988. As of ...October 2012, Mr. Saduokhas held the position of adviser of the general executive manager of KMG International group, contributing by his experience to obtaining record financial and operational results reported by the company in the last years of activity. Before being appointed on the position of CEO adviser, he was the general executive manager of the Group, holding also several top management positions in various Kazakh companies from the oil and gas industry.

Mr. Catalin Dumitru will overtake other tasks within KMG International NV Group, as he will be involved in the management of other projects developed by the Group, in a new position.

The changes in the management structure were registered with the Trade Registry Office attached to Constanta Court based on the resolution no. 22569 of 14 September 2018 according to the Certificate of Recorded Amendments issued on 17 September 2018, and the resolution no. 22743, respectively, of 18 September 2018 according to the Certificate of Recorded Amendments issued on 19 September 2018.

General Manager and Member of the Board of Directors of

Rompetrol Rafinare S.A.

Yedil Utekov


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