HMS Hydraulic Machines & Systems Group PLC announced that the company's board of directors at its ordinary meeting held at the company's registered address in Limassol, Cyprus on 24 April 2014 has recommended the payment by the company of a final dividend in respect of the financial year ended 31 December 2013 of RUB 3.41 per ordinary share, amounting to a total dividend of RUB 399,527,286. The dividends are subject to the approval of the company's shareholders at the Annual General Meeting to be held on 20 June 2014. Subject to such approval, the dividends will be paid on 27 June 2014 to shareholders on the company's register at close of business (UK time) on 10 June 2014.

The board of directors also accepted the resignation of German A. Tsoy from the position of the Chairman of the board of directors, who proposed Nikolay N. Yamburenko as his successor in such position. Nikolay N. Yamburenko was elected by the Board of Directors to chair the meeting.