Press release on the resolutions passed by the issuer's management bodies

On May 28, 2015 the meeting of the Board of Directors of JSC “Moscow United Electric Grid Company” was held in absentia.

At this meeting the Board of Directors considered the issues related to the approval of the Report on the Results of Implementation of the Business Plan (including the investment program) of JSC “Moscow United Electric Grid Company” for 2014 and 4Q 2014; to the consideration of the Report on Implementation of the Target Values of annual and quarterly Key Performance Indicators of General Director and Top Managers of JSC “Moscow United Electric Grid Company” for 4Q 2014 and 2014; to the consideration of the Report on the results of implementation of the Program of innovative development of JSC “Moscow United Electric Grid Company” for 2014; to the review of the report on the progress of implementation of the plan of activities of JSC “Moscow United Electric Grid Company” for achievement of key indicators to the extent of technological connection to the electric grids needed to achieve the target “Doing Business” rating in 2015 in the area of connection to the electricity supply system for March 2015.

The Regulation on the work of the Central procurement office of JSC “Moscow United Electric Grid Company” was redrafted, the Standard and Regulations for Business Planning of JSC “Moscow United Electric Grid Company” were approved as amended.

Based on the results of the meeting of the Board of Directors, a range of related-party transactions was approved, including those with “RETO Plant” OJSC, “MKER” OJSC, “MOEK” OJSC, “Energotsentr” JSC, “MOSGAZ” OJSC and decisions on other agenda items are adopted.