MRSK Severo Zapada : Details of Certain Decisions Taken by the Board of Directors of the Issuer

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-making voting:

Quorum of the session of the Board of Directors:

11 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:

2.2. Contents of decisions made 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 key operational risks of the Company for Q3 2015 and 9 months of 2015.

Decision:

1. Approve the report on execution of the Business Plan of IDGC of the North-West, PJSC (including the Investment Program and key operational risks management) for Q3 2015 and 9 months of 2015 in accordance with Appendix No. 1 to this decision of the Board of Directors of the Company.

2. Confidential information.

3. Instruct General Director of the Company to:

3.1. Ensure, in accordance with the results of 2015, the implementation of the main financial and economic indicators provided in the Business Plan of IDGC of the North-West, PJSC: revenue, net profit of the Company, standard accounts receivable.

3.2. Explain at the regular meeting of the Board of Directors of the Company the causes of failure of the Company's Investment Program for 9 months of 2015.

3.3. Take the necessary actions to reduce the probability of the risk of QRA-015 "Risk of an accident through the fault of the Company" in 2016.

ISSUE NO. 2: On approval of the Company's Business Plan including the Investment Program and information on key operational risks for 2016 and the forecast for 2017-2020.

Decision:

1. Approve the Business Plan of IDGC of the North-West, PJSC, including the Investment Program and information on key operational risks, for 2016 and take under advisement the estimated figures for the period of 2017-2020 in accordance with Appendix No. 2 to this decision of the Board of Directors of the Company.

2. Instruct General Director of IDGC of the North-West, PJSC to ensure non-exceedance in 2016 of the level of accounts payable and the amount of the debt portfolio, as well as the target Debt/EBITDA ratio at the end of 2016 set by the business plan of the Company.

2.3. Date of arrangement of the session of the Board of Directors of the Issuer whereat the relevant decisions were made: 24.12.2015.

2.4. Date and number of the minutes of the session of the Board of Directors of the Issuer whereat the relevant decisions were made: Minutes dated 28.12.2015 No. 194/9.

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 27.07.15)

3.2. Date "28" December 2015

(signature)

L.S.