Resolutions of the Board meeting conducted on Mar. 11, 2016

14 March 2016

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

On Mar. 11, 2016 the Board of Directors has conducted an in-absentia Board meeting. In the course of the meeting directors have scrutinized and decided on the range of corporate issues.

As a part of a Company’s policy to evolve its system of internal control and audit and to comply with changing regulatory environment, the Board of Directors has decided to approve Amended and Restated Regulations on Internal Control and Internal Audit of the Company. The Board has also adopted Amended and Restated Regulations on the Board Audit Committee, prepared pursuant to recommendations of the Corporate Governance Code, approved by the Bank of Russia.

Amended and Restated Regulations are available at Incorporating Documents and Bylaws Section of our official web-site.

Besides, the Board has examined Company’s 4Q 2015 report regarding non-core asset sales, progress report on Company’s enhanced financial and economic performance on the back of approved action plan designed to enhance efficacy and performance of the Company, approved Company’s Key Operating Risk Register as well as decided on other agenda items.

To view the full version of the Board protocol, please, visit Board of Directors Section.

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