GULFOILCOR

Gulf Oil Corporation Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 08, 2014, inter alia, has transacted the following: - The Board of Directors of the Company at its meeting held on March 26, 2014 declared interim dividend of Rs. 2.50 per share (125%) for the financial year ended March 31, 2014. The Board of Directors recommended that the interim dividend be treated as the Final Dividend for the Financial Year 2013-14.

Gulf Oil Corporation Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on March 26, 2014, has decided to pay an Interim Dividend of Rs. 2.50 per share, equivalent to 125% (consisting of Rs. 2.20 per share Interim Dividend equivalent to 110% + Special Interim Dividend of Rs. 0.30 equivalent to 15% in view of the Demerger in progress), for the year 2013-14.

Gulf Oil Corporation Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 25, 2013 has recommended payment of Dividend of Rs. 2.20 per share @ 110% for the year 2012-13 subject to the approval of shareholders at Annual General Meeting.

Gulf Oil Corporation Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 30, 2012 has recommended payment of Dividend of Rs.2.20 per share @ 110% for the year ended 2011-12 subject to approval of shareholders at Annual General Meeting.

Gulf Oil Corporation Limited has informed the Exchange that the Board of Directors of the Company at its Meeting held on May 25, 2011 has recommended payment of Dividend Rs. 2 per share @ 100% for the year ended 2010-11 subject to the approval of shareholders at Annual General Meeting.

Gulf Oil Corporation Limited has informed the Exchange that the Board of Directors in its Meeting held on May 14, 2010 has recommended payment of Dividend of Rs. 1.80/- per share (90%) for the year 2009-10, subject to the approval of shareholders at Annual General Meeting.

Gulf Oil Corporation Limited has informed the Exchange that the Board, at its meeting held on June 25, 2009 recommended payment of Dividend of Rs. 1.70 per share for the year 2008-09, subject to the approval of the shareholders at the Annual General Meeting. Further, the Board has decided to issue further equity shares of Rs.2/- each on rights basis, in the ratio of one share for every three shares held, at a premium of Rs.30/- per share to the existing shareholders, holding shares on a record date / book closure date to be announced by the Company.

Gulf Oil Corporation Limited has informed the Exchange that the Board, at its meeting held on May 24, 2008 recommended payment of Dividend @ Rs.1.50 per share for the year 2007-08, subject to the approval of shareholders at Annual General Meeting.