Resolutions of the Board meeting conducted on Dec. 21, 2016

26 December 2016

On Dec. 21, 2016 the Board of Directors has conducted an in-absentia/in-presentia Board meeting. In the course of the meeting directors have scrutinized and decided on the range of corporate issues.

The Board of Directors has examined and adopted the 9M 2016 report with regard to business plan completion, covering investment program and key operating risks. The figure below demonstrates key parameters of the report:

  9M 2016
Revenues, RUB million 46,639.2
Expenses (incl. adm. costs), RUB million 43,528.8
Net income, RUB million 1,857.1

In the course of the meeting the Board of Directors has adopted the Company’s action plan regarding overdue receivables reduction and reconciliation as of 01.10.2016 as well as determined the Company’s (representatives’) positions with regard to an agenda item of the EESK Board of Directors meeting.

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