2015-02-23

Resolutions of the Board of Directors

We are pleased to inform you that the Board of Directors of Sohar Power Company (SAOG) resolved the following in its meeting held on February 23, 2015

1- The Board reviewed and approved the audited financial statements of the Company for the year ended 31 Dec 2014 along with the Board of Directors’ Report, Management Discussion and Analysis and Report on Code of Corporate Governance, and recommended for approval of shareholders.

2- To request the shareholders in the forthcoming AGM to approve the proposal to distribute final cash dividends of 9.4% (Nine Baisa and four tenth of Baisa for each share) for the financial year ended 31 December 2014. The entitlement of dividends is for the Company’s shareholders registered with the Muscat Clearance and Depository Company SAOC on the date of the Annual Ordinary General Meeting.

3- To request the shareholders in the forthcoming AGM to approve authorizing the Board of Directors to distribute interim dividends for 2015 subject to a ceiling of 15% (Fifteen Baisa for each share), out of the Company’s available retained earnings