MRSK Severo Zapada : Notice of correction of information contained in previously published notice of essential fact

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, 188300, Leningrad Region, Gatchina

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

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

This notice is being published by way of amendment to (correction of) information contained in the notice of essential fact previously published in the news line "On Arrangement of a Session of the Board of Directors (Supervisory Board) of the Issuer and the Agenda thereof"(insider information disclosure).

Reference to the previously published notice information wherein is being amended (corrected): the notice being corrected was published in the news line of AK&M information agency on 10.12.15 at 08:48 at http://www.disclosure.ru/rus/corpnews/news.shtml?newsisn=5376614.

Brief description of the amendments introduced:

prior to amendment:

2.1. Date of decision on arrangement of the session of the Board of Directors of the Issuer as taken by Chairman of the Board of Directors of the Issuer: 09.12.2015.

2.2. Arrangement date of the session of the Board of Directors of the Issuer: 25.12.2015.

2.3. Contents of the agenda of the session of the Board of Directors of the Issuer:

1. On approval of the Program for Non-Governmental Pension Benefits for Workers of the Company for 2016.

2. On approval of the corrected list of projects in the field of energy saving and economical efficiency enhancement appropriate for implementation based on conclusion of energy services contracts.

3. On approval of the Work Plan and of the budget of the Company's internal audit and control subdivision for 2016.

4. 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 3: "On approval of IDGC of North-West, PJSC schedule plan of measures for reduction of the amount of overdue receivables for electric energy transmission services and settlement of disputes having arisen as of 01.07.15" to the extent of execution of the instruction set forth in Clause 5 of the decision of the Board of Directors of the Company.

5. On endorsement of the contract for provision of landplot vacation services between IDGC of the North-West, PJSC and FGC UES, PJSC representing an interested party transaction.

6. On endorsement of Supplementary Agreement No 03.07.2015 to Contract No 470 for lease of movable properties between IDGC of the North-West, PJSC and Pskovenergoagent, JSC dated 470.07.15 representing an interested party transaction.

7. On endorsement of the contract for provision of services 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.

8. On determination of the attitude of the Company's representatives concerning issues on agendas of general meetings of shareholders and sessions of Boards of Directors of subsidiary companies of IDGC of the North-West, PJSC.

9. On approval of an in-house document of the Company: Procedural rules for consideration and settlement of disputes and conflicts of interests within Rosseti, PJSC Group.

10. On approval of an in-house document of the Company: Unified procurement standard (Regulations on Procurements).

after amendment:

2.1. Date of decision on arrangement of the session of the Board of Directors of the Issuer as taken by Chairman of the Board of Directors of the Issuer: 16.12.2015.

2.2. Arrangement date of the session of the Board of Directors of the Issuer: 29.12.2015.

2.3. Contents of the agenda of the session of the Board of Directors of the Issuer:

1. On approval of the Program for Non-Governmental Pension Benefits for Workers of the Company for 2016.

2. On approval of the corrected list of projects in the field of energy saving and economical efficiency enhancement appropriate for implementation based on conclusion of energy services contracts.

3. On approval of the Work Plan and of the budget of the Company's internal audit and control subdivision for 2016.

4. 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 3: "On approval of IDGC of North-West, PJSC schedule plan of measures for reduction of the amount of overdue receivables for electric energy transmission services and settlement of disputes having arisen as of 01.07.15" to the extent of execution of the instruction set forth in Clause 5 of the decision of the Board of Directors of the Company.

5. On endorsement of the contract for provision of landplot vacation services between IDGC of the North-West, PJSC and FGC UES, PJSC representing an interested party transaction.

6. On endorsement of Supplementary Agreement No 03.07.2015 to Contract No 470 for lease of movable properties between IDGC of the North-West, PJSC and Pskovenergoagent, JSC dated 470.07.15 representing an interested party transaction.

7. On endorsement of the contract for provision of services 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.

8. On determination of the attitude of the Company's representatives concerning issues on agendas of general meetings of shareholders and sessions of Boards of Directors of subsidiary companies of IDGC of the North-West, PJSC.

9. On approval of an in-house document of the Company: Procedural rules for consideration and settlement of disputes and conflicts of interests within Rosseti, PJSC Group.

10. On approval of an in-house document of the Company: Unified procurement standard (Regulations on Procurements).

11. 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.

12. Report of General Director - Chairman of the Management Board of the Company on the Company's activities in Q3 2015 including a report on execution of decision of the Board of Directors of the Company.

13. On approval of the Company Insurance Protection Program for 2016

14. On approval of the Plan of Procurement of Goods, Works and Services for the Needs of IDGC of the North-West, PJSC for 2016.

15. On approval of the corrected Business Plan of IDGC of the North, PJSC Group for 2015 (aggregated based on RAS principles and consolidated based on IFRS principles)

16. On approval of budgets of the Committees under the Board of Directors of the Company

17. On approval of Regulations on Payments of Rewards and Compensations to Members of the Committees under the Board of Directors of the Company.

18. On appointment of the head of the Internal Audit and Control Department of IDGC of the North-West, PJSC to the office and determination of the amount of reward due to them

19. On approval of an in-house document of the Company: Procedural rules for increasing operational efficiency and reducing the expenses of IDGC of the North-West, PJSC

20. On endorsement of the contract for dry lease of transportation vehicles between IDGC of the North-West, PJSC and Pskovenergoagent, JSC representing an interested party transaction.

21. On endorsement of the contract for operational maintenance of electric power installations between IDGC of the North-West, PJSC and Lenenergo, PJSC representing an interested party transaction.

22. On determination of the attitude of the Company's representatives concerning the issues on the agenda of a session of the Board of Directors of the subsidiary company of IDGC of the North-West, PJSC - Pskovenergoagent, JSC

23. On endorsement of a transaction with third parties' promissory note - settlement agreement for purposes of reduction of the Party's payables

Full text of the notice being published with account for the amendments introduced:

2.1. Date of decision on arrangement of the session of the Board of Directors of the Issuer as taken by Chairman of the Board of Directors of the Issuer: 16.12.2015.

2.2. Arrangement date of the session of the Board of Directors of the Issuer: 29.12.2015.

2.3. Contents of the agenda of the session of the Board of Directors of the Issuer:

1. On approval of the Program for Non-Governmental Pension Benefits for Workers of the Company for 2016.

2. On approval of the corrected list of projects in the field of energy saving and economical efficiency enhancement appropriate for implementation based on conclusion of energy services contracts.

3. On approval of the Work Plan and of the budget of the Company's internal audit and control subdivision for 2016.

4. 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 3: "On approval of IDGC of North-West, PJSC schedule plan of measures for reduction of the amount of overdue receivables for electric energy transmission services and settlement of disputes having arisen as of 01.07.15" to the extent of execution of the instruction set forth in Clause 5 of the decision of the Board of Directors of the Company.

5. On endorsement of the contract for provision of landplot vacation services between IDGC of the North-West, PJSC and FGC UES, PJSC representing an interested party transaction.

6. On endorsement of Supplementary Agreement No 03.07.2015 to Contract No 470 for lease of movable properties between IDGC of the North-West, PJSC and Pskovenergoagent, JSC dated 470.07.15 representing an interested party transaction.

7. On endorsement of the contract for provision of services 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.

8. On determination of the attitude of the Company's representatives concerning issues on agendas of general meetings of shareholders and sessions of Boards of Directors of subsidiary companies of IDGC of the North-West, PJSC.

9. On approval of an in-house document of the Company: Procedural rules for consideration and settlement of disputes and conflicts of interests within Rosseti, PJSC Group.

10. On approval of an in-house document of the Company: Unified procurement standard (Regulations on Procurements).

11. 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.

12. Report of General Director - Chairman of the Management Board of the Company on the Company's activities in Q3 2015 including a report on execution of decision of the Board of Directors of the Company.

13. On approval of the Company Insurance Protection Program for 2016

14. On approval of the Plan of Procurement of Goods, Works and Services for the Needs of IDGC of the North-West, PJSC for 2016.

15. On approval of the corrected Business Plan of IDGC of the North, PJSC Group for 2015 (aggregated based on RAS principles and consolidated based on IFRS principles)

16. On approval of budgets of the Committees under the Board of Directors of the Company

17. On approval of Regulations on Payments of Rewards and Compensations to Members of the Committees under the Board of Directors of the Company.

18. On appointment of the head of the Internal Audit and Control Department of IDGC of the North-West, PJSC to the office and determination of the amount of reward due to them

19. On approval of an in-house document of the Company: Procedural rules for increasing operational efficiency and reducing the expenses of IDGC of the North-West, PJSC

20. On endorsement of the contract for dry lease of transportation vehicles between IDGC of the North-West, PJSC and Pskovenergoagent, JSC representing an interested party transaction.

21. On endorsement of the contract for operational maintenance of electric power installations between IDGC of the North-West, PJSC and Lenenergo, PJSC representing an interested party transaction.

22. On determination of the attitude of the Company's representatives concerning the issues on the agenda of a session of the Board of Directors of the subsidiary company of IDGC of the North-West, PJSC - Pskovenergoagent, JSC

23. On endorsement of a transaction with third parties' promissory note - settlement agreement for purposes of reduction of the Party's payables

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 «16» December 2015

(signature)

Seal here