Resolutions of the Board meeting conducted on Dec. 29, 2016

09 January 2017

On Dec. 29, 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 scrutinized and adopted the Company’s business plan for 2017. The guidance for 2017 is shown in the figure below:

  2017 Guidance
Revenues, RUB million 67,331
Energy transmission, RUB million 66,013
Connection, RUB million 909
Other revenues, RUB million 409
Expenses (incl. admin. expenses), RUB million (63,073)
Net income, RUB million 2,237
EBITDA, RUB million 8,873
Debt/EBITDA 1.4

The Board has also determined Company’s (representatives’) positions with regard to agenda items of Board of Directors meetings of EESK (AO) and EES (AO).

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