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' - 3,

'AGAINST' - 0,

'ABSTAINED' - 7;

issue No. 2:

'FOR' - 9,

'AGAINST' - 0,

'ABSTAINED' - 1;

issue No. 3:

'FOR' - 10,

'AGAINST' - 0,

'ABSTAINED' - 0;

issue No. 4:

'FOR' - 10,

'AGAINST' - 0,

'ABSTAINED' - 0;

issue No. 5:

'FOR' - 8,

'AGAINST' - 0,

'ABSTAINED' - 2;

issue No. 6:

'FOR' - 9,

'AGAINST' - 0,

'ABSTAINED' - 1;

issue No. 7:

'FOR' - 9,

'AGAINST' - 0,

'ABSTAINED' - 1;

issue No. 8:

'FOR' - 10,

'AGAINST' - 0,

'ABSTAINED' - 0;

issue No. 9:

'FOR' - 8,

'AGAINST' - 1,

'ABSTAINED' - 1;

issue No. 10:

'FOR' - 7,

'AGAINST' - 1,

'ABSTAINED' - 2;

issue No. 11:

'FOR' - 4,

'AGAINST' - 3,

'ABSTAINED' - 1.

(failed to participate in voting - 2 (Clause 1 Article 81, Clause 3 Article 83 of the Federal Law 'On Joint-Stock Companies')).

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

ISSUE No. 1. On approval of the Plan for development of the system for management of the Company's production assets of the Board of Directors of the Company for 2015-2017.

Decision untaken.

ISSUE No. 2: On the list of investment projects stipulated by the approved investment program of the Company for the period of 2016-2020 and planned to be included in the draft investment program of the Company for 2016 and the period of 2017-2021, stipulating construction, reconstruction and technical re-equipment of capital construction facilities with estimated cost per project equal to or in excess of 1.5 billion RUB (VAT included).

Decision:

Take under advisement the fact of absence of investment projects stipulating construction, reconstruction and technical re-equipment of capital construction facilities with estimated cost equal to or in excess of 1.5 billion RUB in the draft investment program of IDGC of the North-West, PJSC for the period of 2015, 2016-2020 and in the approved investment program for the period of 2015-2019.

ISSUE No. 3: Report of General Director on the Company preparation for work during the 2015/-2016 autumn-and-winter season.

Decision:

Take under advisement the report on the Company preparation for work during the 2015/-2016 autumn-and-winter seasonin accordance to Appendix No. 2 to this decision of the Board of Directors of the Company.

ISSUE No. 4: Report of General Director - Chairman of the Management Board of the Company on the Company's activities in Q2 2015 including a report on execution of decision of the Board of Directors of the Company.

Decision:

Take under advisement the Report of General Director - Chairman of the Management Board of the Company on the Company's activities in Q2 2015 including a report on execution of decision of the Board of Directors of the Company in accordance with Appendix No. 3to this decision of the Board of Directors of the Company.

ISSUE No. 5. On preliminary agreement on candidacies for certain positions within the Company specified by the Board of Directors of the Company.

Decision:

Agree on the candidacy of Denis Yevgenyevich Osmov to occupy the position of Deputy General Director - Director of Karelenergo branch of IDGC of the North-West, PJSC.

ISSUE No. 6: Report on execution of the decision of the Board of Directors of the Company dated 17.09.2015 (Minutes No. 189/4) on the agenda Issue No. 9 to the extent of execution of Clause 2 of the decision of the Board of Directors of the Company.

Decision:

1. Take under advisement the information on execution of the decision of the Board of Directors of the Company dated 17.09.2015 (Minutes No. 189/4) on the agenda Issue No. 9: '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. 1: 'Report of General Director on execution of the Business Plan of the Company (including the Investment Program) in Q4 2014 and 2014' to the extent of the Company conducting claim work with contractor organizations under the contracts nonfeasance whereof has resulted in increase of the scope of construction in progress following the outcome of 2014 as compared to the planned level in accordance with Appendix No. 4 to this decision of the Board of Directors of the Company.

2. Instruct General Director of IDGC of the North-West, PJSC to:

- provide an explanation of the reason while one kept filing complaints for a long time instead of submittal of a statement of claim;

- to incorporate the demand for dissolution of the corresponding contract when submitting a statement of claim to prevent contractors violating the conditions of contracts from participation in further procurement procedures.

ISSUE No. 7: Report on execution of the decision of the Board of Directors of the Company dated 31.07.2015 (Minutes No. 187/2) on the agenda Issue No. 4: 'On the Company providing for the established level of reliability and quality of services provided in accordance with the regulatory legal instruments in 2014' to the extent of execution of the instruction as per Clause 3 of the Board of Directors of the Company.

Decision:

1. Take under advisement the information on the results of the analysis of the causes underlying the spread of values of the reliability level indicative indices 'Mean duration of consumer power supply interruption' and 'Mean frequency of consumer power supply discontinuation' per branches of the Company and the decrease of the values of the reliability level indicative indices of IDGC of the North-West, PJSC in accordance with Appendix No. 5 to this decision of the Board of Directors of the Company.

2. Instruct General Director of the Company to analyse the change dynamics of the reliability level indicative indices 'Mean duration of consumer power supply interruption' and 'Mean frequency of consumer power supply discontinuation' in 2014 and in 2015 and to submit a report on the analysis results for consideration to the Board of Directors of the Company by 31.08.2016.

ISSUE No. 8: Report on execution of the decision of the Board of Directors of the Company dated 29.04.2015 (Minutes No. 181/23) on the agenda Issue No. 1: 'On consideration of the draft Investment Program of the Company for 2015 and the period of 2016-2020' to the extent of approval of the draft corrected Investment Program of the Company for 2015 and the period of 2016-2020 by empowered bodies of executive power of the Russian Federation.

Decision:

Take under advisement the report on approval of the Investment Program of the Company for 2015 in accordance with the requirements of the regulatory legal instruments of the Russian Federation regulating investment activities.

ISSUE No. 9. On approval of in-house document of the Company: Procedural rules for management of the corporate style of IDGC of the North-West, PJSC.

Decision:

Approve of the Procedural rules for management of the corporate style of IDGC of the North-West, PJSC in accordance with Appendix No. 6 to this decision of the Board of Directors of the Company.

ISSUE No. 10. On approval of in-house document of the Company: Procedural rules for implementation of the unified communication policy of IDGC of the North-West, PJSC.

Decision:

Approve of the Procedural rules for implementation of the unified communication policyof IDGC of the North-West, PJSC in accordance with Appendix No. 7 to this decision of the Board of Directors of the Company.

ISSUE No. 11: On endorsement of the contract for organization and conductance of a procurement procedure for supplies of 35-220 kV power transformers for the needs of IDGC of the North-West, PJSC to be concluded between IDGC of the North-West, PJSC and NIITTs IDGC, JSC representing an interested party transaction.

Decision untaken.

2.3. Date of arrangement of the session of the Board of Directors of the Issuer whereat the relevant decisions were taken: 18.11.2015.

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. 192/7 dated 23.11.2015.

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:November 23, 2015

(signature)

Seal here

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