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JSC «Uzbekistan Railways» declares an essential fact No.06

1

NAME OF THE ISSUER

Full:

Joint stock company “Uzbekistan railways”

Abbreviated:

JSC “Uzbekistan railways”

Name of the exchange ticker:*

2

CONTACT INFORMATION

Location:

the Republic of Uzbekistan, Tashkent city, Mirabad district, st. T. Shevchenko 7

Postal address:

100060

e-mail address:*

info@uzrailway.uz

Official web-site:*

www.railway.uz

3

INFORMATION ON THE ESSENTIAL FACT

Number of the essential fact::

06

Name of the essential fact:

Решения, принятые высшим органом управления эмитента

Type of the general meeting:

годовое

Date of the general meeting:

29.06.2019г.

The date of drawing up the report of general meeting:

08.07.2019г.

Venue of the general meeting:

г. Ташкент

Quorum of the general meeting

100

The questions put on voting:

The results of voting

For

Against

Abstained

%

Quantity

%

Quantity

%

Quantity

1

Hearing and approval the report of the Board of JSC “Uzbekistan Temir Yollari” on the results of financial and economic activities, the implementation of the business plan of JSC “Uzbekistan Temir Yollari” for 2018.

100

17627038590

0

0

0

0

2

Approval of the audit report on the results of financial and economic activities audit of JSC “Uzbekistan railways” for 2018.

100

17627038590

0

0

0

0

3

Approval of the conclusion of the audit commission on the results of the audit on the basis of the financial and economic activities of JSC “Uzbekistan railways” for 2018.

100

17627038590

0

0

0

0

4

Distribution of net profit of the company according to the results of activities for 2018.

100

17627038590

0

0

0

0

5

Approval of the balance sheet and statement of financial results for the year 2018.

100

17627038590

0

0

0

0

6

On conducting an independent evaluation of the corporate governance system of Uzbekistan Railways.

100

17627038590

0

0

0

0

7

On the definition of an audit organization to conduct an audit for 2019.

100

17627038590

0

0

0

0

8

On the selection of members of the Council of JSC "Uzbekistan Railways".

100

17627038590

0

0

0

0

9

On the selection of members of the audit committee.

100

17627038590

0

0

0

0

10

On the extension of labor contracts with the members of the board for the next year.

100

17627038590

0

0

0

0

11

On the implementation of amendments into the charter of JSC "Uzbekistan Railways".

100

17627038590

0

0

0

0

The full wording of the decisions taken by the general meeting:

1

1. To approve the report of the Chairman of the Board of JSC “Uzbekistan Railways” recognizing the work of the company's board as satisfactory, on the results of the production and financial activities of the company, the implementation of the business plan for 2018.

2. Continue the implementation of measures to reduce receivables and payables, including for structural enterprises;

3. Ensure unconditional implementation of the parameters of the Business Plan, not allowing the implementation of expenses not covered by the Business Plan;

4. Ensure compliance with the requirements for the holding of JSC Uzbekistan Railways and its subordinate enterprises for external audit and publication of financial statements in accordance with international auditing standards and international financial reporting standards.

2

To approve the audit report of HLB TASHKENT LLC on the basis of the financial and economic activities of JSC “Uzbekistan railways” for 2018.

3

1. To approve the conclusion of the audit commission on the results of the audit on the basis of the financial and economic activities of JSC “Uzbekistan railways” for 2018.

2. To entrust the chairman of the board Khasilov Kh.N. in the future, for each concluded transaction, comply with the requirements of the Law of the Republic of Uzbekistan “On Joint Stock Companies and Protection of Shareholders' Rights”.

4

Consider the issue of the distribution of the net profit of “Uzbekistan railways” for 2018 after submitting instructions from the Cabinet of Ministers of the Republic of Uzbekistan

5

Approve the balance sheet and statement of financial results for the year 2018.

6

Pursuant to the recommendations, the corporate governance rules for enterprises with state participation, approved by the protocol decision No. 15 of the meeting of the commission to improve the efficiency of joint stock companies and improve the corporate governance system of April 20, 2018, ensure that an independent assessment of the corporate governance system of “Uzbekistan railways” engaging an independent corporate governance appraisal organization.

7

Based on the regulatory legal acts of the company, declare in the prescribed manner a competition for the appointment of an external audit for 2019 and additionally submit this matter for approval to the sole shareholder.

8

In accordance with Resolution No. 356 of the Cabinet of Ministers of the Republic of Uzbekistan dated April 26, 2019 “On Measures for Further Improvement of the State Assets Management System” and according to the letter of the State Assets Management Agency dated June 26, 2019. No. 2517 / 03-5 approve the personal composition of the members of the Council of JSC “Uzbekistan railways” in accordance with Appendix No. 1 to this protocol.

9

 Approve the list of candidates to the members of the Audit Commission in accordance with Appendix No. 2 to this Protocol.

10

3. Extend employment contracts until the next decision of the sole shareholder following the results of 2019 with members of the board - deputy chairmen of the board of JSC Uzbekistan Railways;

4. Allow the Chairman of the Supervisory Board of JSC “Uzbekistan Railways” to conclude labor contracts with members of the board - deputy chairmen of the board.

11

3. To approve the Charter of JSC “Uzbekistan railways” in a new edition, according to Appendix No. 3;

4. Khasilova Kh.N. in the prescribed manner to ensure the registration of the statute in the agency of public services.

Accrued and paid remuneration and (or) compensation in favor of members of the executive body, supervisory board and audit commission of the issuer:***

Full name

Name of the issuer's body of which the person is a member

Type of payment (remuneration and (or) compensation)

Accrued Amount (UZS)


The period for which accrued funds

The document, which provides for payment

1

2

Election of members of the supervisory board:*

Candidate Information

Full name

Place of work, position

Owned shares

Number of votes

Location

Position

Type

Quantity

1

Ramatov Achilbai Zhumaniyazovich

Cabinet of Ministers of the Republic of Uzbekistan

First Deputy Prime Minister of the Republic of Uzbekistan

0

0

17627038590

2

Istamov Mahmud Shukhratovich

Ministry of Justice of the Republic of Uzbekistan

First Deputy Minister of Justice of the Republic of Uzbekistan

0

0

17627038590

3

Miraliev Alisher Erkinovich

State Asset Management Agency

Head of Department State Assets Management Agency

0

0

17627038590

4

Maksimkulov Bakhtiyor

Ministry of Finance of the Republic of Uzbekistan

Head of Department, Ministry of Finance of the Republic of Uzbekistan

0

0

17627038590

5

Saifnazarov Sohib Ismailovich

Ministry of Economy and Industry

Deputy Minister of Economy and Industry

0

0

17627038590

6

Abidov Akmal Abdujabbarovich

Cabinet of Ministers of the Republic of Uzbekistan

Chief Specialist of the Cabinet of the Ministry

0

0

17627038590

The text of the changes and (or) additions to the charter **


                                                                                                                      Department of the Corporate Relationship Management