Result of AGM

6 June 2017

Genel Energy plc

Results of Annual General Meeting

The Annual General Meeting of Genel Energy plc was held today, Tuesday 6 June 2017, and the results of the poll vote by shareholders are set out below. The number of ordinary shares of £0.10p each in the Company in issue at the date of the meeting was 278,784,305 and each share attracted one vote.

Resolutions 6 and 9 to re-elect Simon Lockett and Nathaniel Rothschild respectively were withdrawn prior to the meeting.

The results were as follows:

 Resolutions    For    %    Against    %   Withheld   Total lodged  
1. To receive the Accounts and the Reports of the Directors and the Auditors for the year ended 31 December 2016.   188,411,997   89.49   22,120,203   10.51   2,500   210,532,200 
2. To approve the Remuneration Policy for Directors.   144,818,609   69.31   64,135,726   30.69   4,000   208,954,335 
3. To approve the Annual Report on Remuneration for the year ended 31 December 2016.   144,825,765   69.31   64,130,069   30.69   2,501   208,955,834 
4. To re-elect Mr Murat Özgül as an Executive Director.   146,307,797   69.49   64,224,403   30.51   2,500   210,532,200 
5. To elect Mr Ümit Tolga Bilgin as a Non-Executive Director.   101,082,526   48.39   107,795,977   51.61   79,832   208,878,503 
7. To re-elect Mr Mehmet Öğütçü as a Non-Executive Director.  188,307,797   89.44   22,224,403   10.56   2,500   210,532,200 
8. To re-elect Mr George Rose as a Non-Executive Director.   188,309,849   89.45   22,220,851   10.55   4,000   210,530,700 
10. To elect Mr Stephen Whyte a s a Non-Executive Director   208,945,300   99.99   10,535   0.01   2,500   208,955,835 
11. To re-elect Mrs Gulsun Nazli Karamehmet Williams as a non-executive director.   146,307,849   69.49   64,224,351   30.51   2,500   210,532,200 
12. To re-appoint PricewaterhouseCoopers LLP as the Company’s Auditors.   188,311,643   89.45   22,220,557   10.55   2,500   210,532,200 
13. To authorise the Board of Directors to set the Auditors’ fees.   188,315,544   89.45   22,216,656   10.55   2,500   210,532,200 
14. To give the Company limited authority to make political donations and incur political expenditure.   165,092,660   78.42   45,439,539   21.58   2,501   210,532,199 
15. To authorise the Company to purchase its ordinary shares.   188,412,079   89.49   22,120,121   10.51   2,500   210,532,200 
16. To permit the Company to hold general meetings, other than an annual general meeting, on not less than 14 clear days’ notice   188,326,549   89.45   22,205,651   10.55   2,500   210,532,200 

Following the result of the resolution in relation to the re-election of the Chief Executive Officer, the Board of Genel Energy retains full confidence in Murat Özgül’s ability to successfully deliver the Company strategy and create value for shareholders.

Tolga Bilgin has not received the required 50% majority of votes in favour of his election and accordingly has not been appointed as a Director.

The Board of Directors notes that, although the resolutions to approve the Directors' Remuneration Policy and Annual Report on Remuneration were passed with the requisite majority, c.31% of votes were cast against them.  The Board will take note of the voting and review accordingly.

The full text of the resolutions may be found in the Notice of the Annual General Meeting, copies of which are available on both the Company's website,

www.genelenergy.com, and on the National Storage Mechanism www.hemscott.com/nsm.do.

A copy of the special resolutions (resolutions 15 and 16) passed at the Annual General Meeting, have been submitted to the National Storage Mechanism and will shortly be available for inspection at

www.hemscott.com/nsm.do.

The Company also announces that Stephen Mitchell, General Counsel, has been appointed Company Secretary with immediate effect.

-ends-

For further information, please contact:

Genel Energy
Phil Corbett, Head of Investor Relations
Andrew Benbow, Head of Public Relations 
+44 20 7659 5100 
   
Vigo Communications
Patrick d’Ancona 
 +44 20 7830 9700 

Notes to editors:

Genel Energy is an independent oil and gas exploration and production company listed on the main market of the London Stock Exchange (LSE: GENL). The Company, with headquarters in London and offices in Ankara and Erbil, is one of the largest London-listed oil producers and the largest holder of reserves and resources in the Kurdistan Region of Iraq. Through its Miran and Bina Bawi gas fields, the Company is positioned to be a cornerstone provider of KRI gas to Turkey under the KRI-Turkey Gas Sales Agreement. Genel also continues to pursue further growth opportunities within the Middle East and Africa. For further information, please refer to www.genelenergy.com .

 

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