NPO Saturn holds its Annual General Meeting of Shareholders

On July 22, 2013, NPO Saturn held its Annual General Meeting of Shareholders, in Rybinsk.

The Meeting of NPO Saturn shareholders confirmed the annual report and the annual financial accounts, including the companyís profit and loss statement, as well as the breakdown of profits and losses based on the results of the 2012 financial year. The shareholders made the decision not to pay dividends on 2012 results.

The following people were chosen for the NPO Saturn Board of Directors: V.A. Gavrilov, I.M. Goncharenko, G.B. Kirpichev, D.Yu. Lelikov, V.E. Masalov, A.V. Neznamov, P.A. Palamarchuk, P.M. Osin, and I.N. Fedorov.

L.A. Zhurina, S.Yu. Lashkina, and M.Yu. Tugaev joined the NPO Saturn Audit Committee.

NPO Saturnís auditor for 2013 was named as the auditing company Research and Development Centre of the Military and Industrial Complex Enterprises Audit.

NPO Saturn is an engine-building company specializing in development, production, and aftersales servicing of gas turbine engines for military and civil aviation, electrical generating and gas transport facilities, and military and civil marine vessels. Saturn is a part of the United Engine Corporation.

Managing Company JSC United Engine Corporation is a wholly-owned subsidiary of OBORONPROM. More than 85 % of the leading companies specializing in development, mass production, and aftersales servicing of gas turbine technology are integrated into UEC, as well as key companies in other selected fields. One of UECís priority directions is implementing comprehensive programs for developing companies by implementing new technologies that meet international standards

OBORONPROM is a multi-faceted machine-building group of companies established in 2002. It is part of the Russian Technologies group of companies. Its primary activities include helicopter building (Russian Helicopters), engine-building (UEC), and other assets.

Rostech State Corporation is a Russian corporation founded in 2007 to facilitate development, production, and export of high-tech industrial products for civil and military applications. Altogether, Russian Technologies encompasses 663 organizations. The corporation includes 17 holdings, 12 of which are in the military-industrial complex, and five ó in civilian industry. The corporation works in 60 constituent entities of the Russian Federation and supplies products to more than 70 countries around the world. Its 2012 turnover was 931 billion rubles, with net profit of 38.5 billion rubles. It paid a total of 109 billion rubles in taxes at all levels.