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Minutes of the Annual Ordinary General Assembly Meeting (the Meeting") of Aabar Energy PJSC held on
Monday 28 April 2008 a result of the absence of the required quorum at the fust meeting,
Aabar Energy PJSC (the "Company") issued to its shareholders an invitation attend the Annual General Assembly 28.04.2008 to be held at 5 p.m.at Abu Dhabi Chamber of Commerce and Industry. The meeting was duly convened in the presence of shareholders representing za.r,% of Company's capital, in order to discuss the matters stated in the agenda the meeting and to adopt the appropriate decisions relating thereto. -attended as a representativeJ of the Stocks and Commodities Authority. David Woodward was elected by as chairman for the meeting. Mr. David Woodward declared the meeting to be quorate and welcomed those in attendance on behalf of the Board of Directors, then recommended the
appointment of Ibrahim Yousef Mubaydeen as Secretary to the Meeting the National Bank of Abu Dhabi as vote auditors and collectors. The shareholders unanimously approved recommendation. annual report of the Board of Director, the activities of the Company its financial standing were then presented to the assembly by the chairman of the meeting. This was followed by the Auditor's Report concerning the previous financial year of the Company which was presented by the representative of MIS Ernst & Young.
Following due deliberation of the items listed in the agenda, the General Assembly unanimously resolved as follows:
1. to ratify the annual report of the Board of Directors of the Company concerning the Company's activities for the previous financial year;
2. to ratify the auditors' report regarding the previous financial year;
3. to ratify the Company's balance sheet and the profit and loss account of the previous financial year including approving the remuneration of the Board of Directors in the amount of AED 1,000,000 for each member;
4. to discharge the members of the Board of Directors and the Auditors (Ms. Ernst & Young) from liability relating to their respective duties during the course of the previous financial year;
5. to ratify the recommendation by the Board of Directors to appoint Ms. Ernst & Young in Abu Dhabi as auditors of the Company for the financial year 2008 and determine their fees at 85,000 AED
6. approve the recommendation of the Board of Directors of the Company to distribute dividends for the financial year ending 31 December 2007 in the amount of 10% of the nominal value of each share as cash distribution proportionate to their
shareholding; and
7. to elect the following persons the Board of Directors Company for the next three
1. Abdel Hamid Saeed- Chairman.
2. Dhafa A1 Ahbabi.
3. Khadem Al Qubaissi.
4. Abu Baker Khouri.
5. Andre Al Sayegh.
After adopting the resolutions relating to the matters listed in the agenda, the Annual General Assembly concluded its meeting.
Chairman of the meeting
David Woodward
Board Member
Secretary to the Meeting
Ibrahim Yousef Mubaydeen,
Partner
Allen & Overy LLP
National Bank of Abu Dhabi
Auditor
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