Resolutions adopted by the Board of Directors

28 September 2015

Ekaterinburg (Ural Federal District, Russia) – IDGC of Urals, OAO (MICEX: MRKU) reports on Board resolutions.

On 24 September 2015 the Board of Directors has conducted an in-presentia/in-absentia meeting. In the course of the meeting directors have scrutinized and decided on the following agenda issues: 

The Board of Directors has approved a 1H 2015 report on Companys business plan completion. The report also covered investment program and key operating risks. Key metrics of 1H 2015 report are as follows:

RUB bn.

6М 2015 (actual)

Revenues, incl.

28.5

Transmission fee

27.8

Connection fee

0.4

Expenses

26.5

Net profit

0.4

To review our 1H 2015 results, please, visit our corporate web-site.

The Board of Directors has also examined an investment program draft for 2015. The program was adjusted in consort with:
- Rosseti scenario,
- Priority of facilities,
- Fulfilment of connection duties,
- Retention of capex size on facilities providing reliable energy supply to consumers.
The Board has entrusted the CEO to oversee the approval of the adjusted investment program for 2015 under the present legislation and review of a report on its approval on a Board meeting.
Besides, during the meeting the Board has reviewed a progress report of the Executive Board and report on non-core asset sale in 1H 2015, a progress report on enhanced financial and economic performance as well as other agenda issues.

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