Company Announcements

PJSC ROSSETI

Results of the Annual General Meeting of Shareholders

27 June 2019. Moscow, Russia. - PJSC ROSSETI (LSE: RSTI) (the "Company"), the largest electricity transmission and distribution grid company in Russia announces the results of the Annual General Meeting of Shareholders ("AGM") held on 27 June 2019:

The following resolutions were passed at the AGM:

1. To approve the Company's annual report for 2018;

2. To approve the Company's annual accounting (financial) statements by the results of 2018;

3. Not to perform profit distribution due to absence of net profit for 2018;

4. Not to pay dividends on the Company's preference shares based on performance results in 2018 due to a loss according to the accounting (financial) statements for 2018.

Not to pay dividends on the Company's ordinary shares based on performance results in 2018 due to a loss according to the accounting (financial) statements for 2018.

5. To pay dividends on the Company's preference shares out of the Company's net profit for the 1st quarter of 2019 in the amount of 0.07997 ruble per preference share in cash.

To pay dividends on the Company's ordinary shares out of the Company's net profit for the 1st quarter of 2019 in the amount of 0.02443 ruble per ordinary share in cash.

The record date for the persons entitled to dividends shall be July 08, 2019;

6. Not to pay remuneration for serving on the Company's Board of Directors to members of the Company's Board of Directors;

7. To pay remuneration for serving on the Company's Internal Audit Commission to members of the Company's Internal Audit Commission other than those who hold public office in the amount, prescribed in the Company's internal documents;

8. To elect the following 15 members to the Company's Board of Directors:

Stanislav Ashirov

Boris Ayuyev

Vasily Belov

Maksim Bystrov

Oleg Dubnov

Alexander Kalinin

Pavel Livinsky

Yury Manevich

Andrey Murov

Alexander Novak

Mikhail Rasstrigin

Nikolay Rogalev

Anatoly Tikhonov

Sergey Shmatko

Nikolay Shulginov

9. To elect the following 5 members of the Internal Audit Commission:

Sergey Balagurov

Andrei Gabov

Irina Grechka

Tatiana Zobkova

Dmitry Simochkin

10. To approve RSM RUS as the Auditor of the Company;

11. To approve of a restated version of the Company's Articles of Association;

12. To approve of a restated version of the Regulations for the General Meeting of Shareholders of the Company;

13. To approve of a restated version of the Regulations for the Board of Directors of the Company;

14. To approve of a restated version of the Regulations for the Management Board of the Company;

15 To approve of a restated version of the Regulations for Remuneration and Compensation for Members of the Board of Directors of the Company.

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For further information:            

PJSC ROSSETI           

Maria Stepanova, Head of IR                                                 +7(495) 995 5333 (ext. 3961)

Yulia Martynova, IR                                                                 +7(495) 995 5333 (ext. 3834)

Horizon

Maria Novokreschenova                                                                                 +7 (495) 225 0335

Yaroslav Gryaznov                                                                        +7 (495) 225 0335 (ext. 1010)

Public Joint Stock Company ROSSETI (PJSC ROSSETI) is one of the largest electric grid companies in the world. The Company manages 2.35 million kilometers of power lines and 507,000 substations with more than 792 GVA of transformer capacity. The number of the ROSSETI Group's employees is 217 thousand.

ROSSETI comprises 35 subsidiaries and dependent companies, including 14 interregional grid companies and one transmission grid company. The controlling shareholder with an 88.04% stake in the Company is the government represented by the Federal Agency for State Property Management of the Russian Federation.

 Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of PJSC ROSSETI. You can identify forward-looking statements by terms such as "expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may" or "might", the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, general economic conditions, our competitive environment, risks associated with operating in Russia, rapid technological and market change in our industry, as well as many other risks specifically related to PJSC ROSSETI and its operations.