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Press Release About Decisions Adopted by the Board of Directors of JSC ROSSETI

29.05.2015

On May 27, 2015, the Board of Directors of JSC ROSSETI held a regular meeting.

The Board of Directors approved the agenda of the Annual General Meeting of Shareholders of JSC ROSSETI scheduled for June 30, 2015:

1) Approval of the Annual Report of the Company.

2) Approval of annual accounting statements, including statements of financial performance, of the Company.

3) Approval of the Company’s profit distribution based on performance results in 2014.

4) Amount, period, and form of dividend payment based on performance results in 2014 and the date set for determining the persons entitled to dividends.

5) Payment of remuneration for serving on the Board of Directors (Supervisory Board) to members of the Board of Directors other than those who hold public office in the amount specified in the Company’s internal documents.

6) Payment of remuneration for serving on the Internal Audit Commission to members of the Internal Audit Commission other than those who hold public office in the amount specified in the Company’s internal documents.

7) Election of members of the Company’s Board of Directors (Supervisory Board).

8) Election of members of the Company’s Internal Audit Commission (Internal Auditor).

9) Approval of the Company’s Auditor.

10) Approval of a restated version of the Articles of Association of the Company.

11) Approval of a restated version of the Regulations for the General Meeting of Shareholders of the Company.

12) Approval of a restated version of the Regulations for the Board of Directors of the Company.

13) Approval of a restated version of the Regulations for the Management Board of the Company.

14) Approval of a restated version of the Regulations for the Internal Audit Commission of the Company.

15) Approval of a restated version of the Regulations for Remuneration and Compensation for Members of the Board of Directors of the Company.

16) Approval of a restated version of the Regulations for Remuneration and Compensation for Members of the Internal Audit Commission of the Company.

17) Approval of the liability insurance contract for directors and officers, which is a related party transaction.

18) Membership of the Company in the Russian National Committee of the Council on Large Electric Systems (Nonprofit Partnership).

The Board of Directors resolved that the Company’s preference share holders shall have a right to vote on all issues on the agenda of the Annual General Meeting of Shareholders of the Company.

The Board of Directors recommended that the Annual General Meeting of Shareholders decide as follows: dividends on the Company’s preference and ordinary shares shall not be paid based on performance results in 2014 due to the received loss.

In addition, the Board of Directors reviewed a restated version of the Articles of Association of the Company and the drafts of restated versions of the following internal documents of the Company:

- Regulations for the General Meeting of Shareholders of the Company;

- Regulations for the Board of Directors of the Company;

- Regulations for the Management Board of the Company;

- Regulations for the Internal Audit Commission of the Company.

The Board of Directors also addressed other issues concerning the preparation and holding of the Annual General Meeting of Shareholders of the Company.


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