Dividend Policy of PJSC ROSSETI

The Dividend Policy of PJSC ROSSETI is based on the strict observance of the shareholder rights provided by the applicable laws of the Russian Federation and the Articles of Association and internal documents of the Company and is oriented toward making the Company more attractive to investors and raising its market capitalization.

On November 18, 2014, the Board of Directors of the Company approved the Regulations for Dividend Policy of PJSC ROSSETI (restated version).


Dividend Payment History of PJSC ROSSETI
Year of Dividend Payment Share Type Declared Dividends per Share, rubles Amount of Declared Dividends, rubles Amount of Paid Dividends, rubles Percentage of Paid Dividends1
2008 Not paid
2009 Not paid
2010 Not paid
20112
(at year-end 2010)
ordinary shares
preference shares 0.05 103,757,469.20 100,143,255.05 96.52
20123
(at year-end 2011)
ordinary shares
preference shares 0.07 145,260,456.88 139,879,386.23 96.3
20134
(at year-end 2012)
ordinary shares
preference shares 0.08 166,011,950.72 159,906,875.79 96.2
2014 Not paid
2015 Not paid
2016
(at first quarter-
end of 2016)
ordinary shares 0.00831813 1,630,316,703.16 1,628,418,073.30 99.9
preference shares 0.07452614 154,652,853.55 148,246,386.86 95.9

1 Dividends were paid to all of the persons included on the dividend payee list, excluding the persons failing to provide such accurate and complete details as necessary for dividend payment.

2 Dividend payment based on performance results in 2010 was terminated on September 12, 2014 (pursuant to Article 42 of Federal Law No. 208-FZ of December 26, 1995, "On Joint-Stock Companies").

3 Dividend payment based on performance results in 2011 was terminated on September 15, 2015 (pursuant to Article 42 of Federal Law No. 208-FZ of December 26, 1995, "On Joint-Stock Companies").

4 Dividend payment based on performance results in 2012 was terminated on October 01, 2016 (pursuant to Article 42 of Federal Law No. 208-FZ of December 26, 1995, "On Joint-Stock Companies").