Resolutions of the Board meeting conducted on May 12, 2016

16 May 2016

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

On May 12, 2016 the Board of Directors has conducted an in-presentia/in-absentia Board meeting. In the course of the meeting directors have scrutinized and decided on the range of corporate issues. 

The Board of Directors has approved SOGAZ (AO) as the Company’s underwriter with regard to insurance of civil liability arising from defected design works and impacting the security of capital construction facilities for the period starting on 25.05.2016 and ending on 24.05.2017.

For the purposes of alignment and regulation of Company’s sponsorship and charity activities the Board has examined and adopted the Regulations on the Formation and Use of Company’s Sponsorship and Charity Fund.

Besides, the Board has examined the 1Q 2016 insurance coverage report, report the completion of 2015 consolidated business plan, prepared under RAS and IFRS, and determined positions of the Company (or Company’s representatives) with regard to agenda items of the Boards of Directors and Annual General Meetings of EESK (OAO), EES (OAO) and Energy Service Company of Urals (OAO).

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

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