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Global Reach
21 Feb 2013

Revised dividend policy

RNS Number : 3379Y

OJSC Transcontainer

21 February 2013

JSC TransContainer

Revised dividend policy

On 20 February 2013, the Board of Directors of JSC TransContainer approved the revised dividend policy replacing the previous document adopted in December 2011 with a pay-out ratio of 10% of the Company's net profit.

The new policy recommends a 25% of the Company's net profit calculated as per Russian Accounting Standards (subject to certain adjustments) as a benchmark dividend pay-out ratio.

According to the revised dividend policy the Board of Directors will make a recommendation on the dividend to the General Shareholders' Meeting taking into account the Company's financial and operating metrics, including the investment programme, free cash flow and debt payment A schedule is the basis of a smooth train journey. It unites the operations of all railway
departments on which freight and passenger deliveries depend. Schedules are used in all countries of the world in which freight trains operate and are created with the help of computers, which are used to control schedule fulfilment.

21 February 2013



Andrey Zhemchugov,

Director, Capital Markets and Investor Relations

+7 495 637 9178

+7 495 609 6062




This information is provided by RNS

The company news service from the London Stock Exchange


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