The decision on the transfer of receivables and revenues for the first stages of work on GTL-Africa project on the balance of 2016

The decision on the transfer of receivables and revenues for the first stages of work on GTL-Africa project on the balance of 2016.

Dear shareholders, I have received many questions: "Why do you write letters to Vladimir Putin?". The answer is as short as possible to this question: Vladimir Putin - president, he is responsible for everything he has for this team and budget. Specifically, in relation to small innovative company: more than ten years ago, GTL company, on the instructions of Vladimir Putin, was chosen as one of the most promising innovative projects from Russia, to assist its development and solving its complex program. After that when we encounter problems or difficulties related to the functioning of the state apparatus, we have faithfully implemented the terms of the agreements and settle these issues through the office of the President. We try not to abuse that position, but when we face the question, how best to us to form our annual balance sheet for 2015, we will put your questions in advance to them and get answers and recommendations. According to them, ready to adjust our annual balance and have no questions from the tax service. Due to the unsettled, at that time, of financial relations between Russia and Sudan, we have decided to postpone the accounts receivable and revenue in the first stages of work on GTL-Africa project on the balance of 2016 and approval of the appropriate balance for 2015 at the General meeting of shareholders. This will not affect the payment of dividends or repurchase of own shares of the company GTL.