31 May 2018, IDGC of Centre held its Annual General Meeting of Shareholders (hereinafter – the Meeting) in Moscow, chaired by Top Adviser of PJSC "Rosseti", Chair of the Board of Directors of IDGC of Centre Yury Mangarov.

Nearly 90% of shareholders and representatives of the Company’s shareholders took part in the Meeting, taking into account absentee voting participants.

General Director of IDGC of Centre Oleg Isaev in his speech stressed that despite the difficult macroeconomic situation, the Company confirmed the status of a leader in key industry indicators in 2017 and created conditions for further growth. Also, in the reporting period, it was possible to reach the main financial indicators with exceeding the forecast values of the Business Plan approved by the Board of Directors of the Company.

After summing up the results of the Company’s activities in the reporting year, the shareholders considered the issues on the agenda and decided to approve the annual report and the annual accounting (financial) statements of the Company, the distribution of profits, including the payment of dividends for 2017 in full accordance with the restated Regulations on Dividend Policy, approved in February 2018. As a result of 2017, the Company’s net profit amounted to 2.031 billion rubles. The size of dividends was approved for payment to shareholders taking into account the recommendation of the Board of Directors of the Company.

The following members were elected to IDGC of Centre’s Board of Directors:

· Denis Alexandrovich Spirin - Director for Corporate Governance of Representative Office of Prosperity Capital Management (Russian Federation) Ltd.;

· Roman Alexeyevich Filkin - Director, power engineering, machine building of Representative Office of Prosperity Capital Management (Russian Federation) Ltd.;

· Alexander Viktorovich Shevchuk - Executive Director of Association of Institutional Investors;

· Dmitry Borisovich Akopyan - Director of Investment Activity Department of PJSC «Rosseti»;

· Alexander Viktorovich Varvarin - Vice-President - Managing Director for Corporate Relations and Legal Support of Russian Union of Industrialists and Entrepreneurs;

· Oleg Yuryevich Isaev - General Director of IDGC of Centre, PJSC;

· Alexander Ivanovich Kazakov - Chairman of the Board of Directors of JSC "DVEUK", professional director;

· Alexey Igorevich Pavlov - Director of Treasury Department of PJSC «Rosseti»;

· Alexey Viktorovich Rakov - Director of Electricity Metering and Interaction with Stakeholders of Electricity Markets Department of PJSC «Rosseti»;

· Larisa Anatolievna Romanovskaya - Top Advisor of PJSC «Rosseti»;

· Maxim Mikhailovich Saukh - Head of Corporate Governance Office of Corporate Governance and Interaction with Shareholders Department of PJSC «Rosseti».

For the fifth year in a row, the Company’s CEO, Oleg Y. Isaev, has been elected to the Board of Directors by votes of minority shareholders, which indicates his considerable experience, authority and trust in him. The entry of CEO into the Board of Directors of the Company will ensure the preservation of the chosen strategic course and will strengthen mutual understanding between the management of the company and representatives of shareholders.

In addition, the shareholders elected a new composition of the Audit Commission of the Company and approved a number of documents in a new edition – the Articles of Association of the Company, the Regulations on the Board of Directors, on the Management Board, as well as the Regulation on the payment of remuneration and compensation to members of the Audit Commission of IDGC of Centre, PJSC.

For the convenience of shareholders, the Electronic voting system was first used during the Meeting. The Company will continue to make efforts to simplify the voting procedure for shareholders and their representatives.

The voting results, as well as complete information on the decisions taken by the Meeting, are disclosed by the Company in the terms established by the legislation of the Russian Federation and will be available on the website of the authorized news agency, as well as on the corporate website of the Company.