Notice of Essential Fact

Notice of Essential Fact

'Details of Certain Decisions Taken by the Board of Directors of the Issuer'

(Insider Information Disclosure)

1. General details

1.1. Issuer's full business name

Public Joint-Stock Company Interregional Distribution

Grid Company of the North-West

1.2. Issuer's abbreviated company name

IDGC of the North-West, PJSC

1.3. Issuer's location

Russia, Leningrad Region, Gatchina

Address of the Company: Russia, 188300, Leningrad Region, Gatchina,31 Sobornaya Str.

1.4. Issuer's PSRN

1047855175785

1.5. Issuer's TIN

7802312751

1.6. Issuer's unique code assigned by the registration body

03347-D

1.7. Internet-page address used by the Issuer for information disclosure

www.mrsksevzap.ru, www.disclosure.ru/issuer/7802312751/

2. Contents of notice

2.1. Quorum of the session of the Board of Directors of the issuer and the results of decision-taking voting:

Quorum of the session of the Board of Directors:

10 out of the 11 members of the Board of Directors participating in the session, the required quorum was present.

Results of voting on the issues:

issue No. 1:

'FOR' - 9,

'AGAINST' - 0,

'ABSTAINED' - 1;

issue No. 2:

'FOR' - 9,

'AGAINST' - 0,

'ABSTAINED' - 1;

issue No. 3:

'FOR' - 8,

'AGAINST' - 0,

'ABSTAINED' - 2;

issue No. 4:

'FOR' - 8,

'AGAINST' - 1,

'ABSTAINED' - 1;

issue No. 5:

'FOR' - 10,

'AGAINST' - 0,

'ABSTAINED' - 0;

issue No.6:

'FOR' - 9,

'AGAINST' - 0,

'ABSTAINED' - 1.

2.2. Contents of decisions taken by the Board of Directors of the Issuer.

ISSUE No. 1. Report of General Director on execution of the business plan of the Company (including the investment program and information on the Company's key operational risks) in Q2 2015 and the 6 months of 2015.

Decision:

1. Approve of the report on execution of the Business-Plan of the Company (including the Investment Program andinformation on the Company's key operational risks) in Q2 2015 and the 6 months of 2015 inaccordance with Appendices Nos. 1-6 to this decision of the Board of Directors of the Company.

2. Confidential information.

3. Confidential information.

ISSUE No.2. On approval of the report on execution of IDGC of the North-West, PJSC Group business plan aggregated based on RAS principles and business plan consolidated based on IFRS principles in Q2 2015 and the 6 months of 2015.

Decision:

1. Approve of the report on execution of IDGC of the North-West, PJSC Group business plan aggregated based on RAS principles in the 6 months of 2015 inaccordance with Appendix No. 7 to this decision of the Board of Directors of the Company.

2. Approve of the report on execution of IDGC of the North-West, PJSC Group business plan consolidated based on IFRS principles in the 6 months of 2015 inaccordance with Appendix No. 8 to this decision of the Board of Directors of the Company.

ISSUE No. 3: On approval of the report on the outcome of achievement of the target values of the Key Performance Indicators of General Director of the Company in Q2 2015.

Decision:

Approve of the report on the outcome of achievement of the target values of the Key Performance Indicators of General Director of the Company in Q2 2015 in accordance with Appendix No. 9 to this decision of the Board of Directors of the Company.

ISSUE No. 4. On determination of the events (scope) of transactions decision whereon is subject to preliminary endorsement by the Board of Directors of the Company.

Decision:

1. Determine that, in accordance with Sub-Clause37 (Part'd') Clause15.1 Article15 of the Charter of IDGC of the North-West, PJSC, subject to preliminary endorsement by the Board of Directors shall be decision on the Company effecting transactions to be valid for a term of over5 years, such transactions dealing with transferring, for temporary possession and usage or for temporary usage, immovable properties and electric power grid complex facilities the usage objective whereof consist in transmission or distribution of electric energy if the book or market value of the properties being transferred or received is in excess of30 mln RUB except for cases when the following are being received for temporary possession and usage or for temporary usage:

- land plots for operation or for construction(reconstruction) of electric power industry facilities in accordance with investment projects as well as land plots occupied by immovable property facilities of the Company;

- electric power grid complex facilities, with the transfer carried out in accordance with Clauses6-8 Article8 of Federal Law No.35-FZ'On electric power industry' dated26.03.2003.

2. Deem invalid decision of the Board of Directors of the Company dated 22.08.2014 (Minutes No. 163/5) on Issue No. 11 'On determination of cases (amounts) of transactions with the Company's property subject to preliminary endorsement by the Board of Directors of the Company'.

ISSUE No. 5: On approval of restated Regulations on the Reliability Committee under the Board of Directors of IDGC of the North-West, PJSC.

Decision:

1. Approve of the restated Regulations on the Reliability Committee under the Board of Directors of IDGC of the North-West, PJSC in accordance to Appendix No. 10 to this decision of the Board of Directors of the Company.

2. Deem invalid the Regulations on the Reliability Committee under the Board of Directors of IDGC of the North-West, JSC approved by the Board of Directors of the Company on 22.08.2014 (Minutes No. 163/5).

ISSUE No. 6: Report on execution of the decision of the Board of Directors of the Company dated 27.05.2015 (Minutes No. 184/26) on the agenda Issue No. 4: 'On approval of the Plan of Measures to Ensure Financial Stability of IDGC of the North-West, JSC for the period of 2015-2019' to the extent of conductance of a comparative analysis (benchmarking) in terms of the core technical and economic activity indicators of the Company's branches for the level of a production division/electric power grid district.

Decision:

1. Take under advisement the list of comparative analysis indicators for the core technical and economic indicators of activity of the branches of IDGC of the North-West, PJSC with itemization down to the branch, production division and electric power grid district level as presented in Appendix No. 11 to this decision of the Board of Directors of the Company.

2. Instruct General Director of the Company to develop a methodology for calculation of the core technical and economic indicators of activity of the Company with itemization down to the branch, production division and electric power grid district level by 15.03.2016 and to submit for consideration to the Board of Directors of the Company the results of the comparative analysis of the core technical and economic indicators of activity of the branches of IDGC of the North-West, PJSC with itemization down to the production division and electric power grid district for 2010-2015.

2.3. Date of arrangement of the session of the Board of Directors of the Issuer whereat the relevant decisions were taken: 21.10.2015.

2.4. Generation date and number of the minutes of the session of the Board of Directors of the Issuer whereat the relevant decisions were taken: Minutes No. 191/6 dated 26.10.2015.

3. Signature

3.1. Deputy General Director for Corporate Governance of IDGC of the North-West, PJSC

D.A. Orlov

(pursuant to Power of Attorney No. 119 dated 27.07.2015)

3.2. Date October 26,2015

(signature)

Seal here

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