30.12.2015

On December 30, 2015, a meeting of the Board of Directors (“Board”) of PJSC Moscow United Electric Grid Company (MOESK) was held in absentia.

The following issues were addressed at the Board meeting: on approval of the adjusted MOESK Business Plan (including the investment program and information on key operational risks) for the year of 2015, on review of the Company General Manager’s report on measure-plan implementation during nine months of the year of 2015 to increase the business efficiency and to improve the MOESK financial and business situation, on approval of the report on the MOESK Business-Plan implementation status (including the investment program and information on key operational risks) for nine months in the year of 2015 and for Q3 2015, on approval of the MOESK General Manager’s report on achieving Q3 2015 targets for quarterly key efficiency indicators, and other agenda items of the MOESK Board meeting.

A number of transactions of interest were approved (with MOSENERGO, PJSC FSK EES, OAO EnergoTsentr, Skolkovo Moscow Management School, and JSC UNECO), and decisions were made regarding other agenda items based on the Board meeting outcome.
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