11.12.2015

On December 10, 2015 a meeting of the Board of Directors of PJSC “Moscow United Electric Grid Company” was held in a face-to-face and distance format.

The meeting of the Board of Directors adopted a resolution on establishing Moscow High Voltage Grids, a branch of PJSC “Moscow United Electric Grid Company”, and liquidating Central Electric Grids and High Voltage Cable Networks, branches of PJSC “Moscow United Electric Grid Company”, as well as on approving business plan of PJSC “Moscow United Electric Grid Company” including investment program and information on key operational risks for 2016 (including information on financial and economic performance of the Company and primary objectives with regard to ensuring financial stability of the Company in 2015).

In addition, based on results of the meeting of the Board of Directors there were approved interested party transactions with PJSC Mosenergosbyt and passed resolutions on other agenda items.

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