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The President signed the Order On a Special Resolution on Transactions Involving Shares in the Authorised Capital of the Mammoet Rus Limited Liability Company.
Pursuant to paragraph 5 of Executive Order No. 520 of the President of the Russian Federation On the Application of Special Economic Measures in the Financial and Fuel and Energy Spheres due to Unfriendly Actions of Some Foreign States and International Organizations of August 5, 2022, and Executive Order No. Pr-51 of the President of the Russian Federation of January 12, 2023, the President ordered to authorize Ashburn Offshore Engineering (Tianjin) Co., Ltd to perform transactions related to the acquisition of 99 percent of the share capital of Mammoet Rus, owned by Mammoet Europe Holding B.V., and 1 percent in the authorized capital of the said company owned by Mammoet Holding B.V.
Transactions specified in this directive do not require any other approvals, decisions, consents (preliminary consents), coordination (preliminary coordination) or other permission documents (authorisation documents) that may be stipulated by the legislation of the Russian Federation.
February 17, 2023