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 business 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:

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 - 10, AGAINST - 0, ABSTAINED - 0.

issue No. 2: FOR - 10, AGAINST - 0, ABSTAINED - 0.

issue No. 3: FOR - 8, AGAINST - 0, ABSTAINED - 2.

issue No. 4: FOR - 5, AGAINST - 1, ABSTAINED - 2. Failed to participate in voting - 2 (Clause 3 Article 83 of the Federal Law "On Joint-Stock Companies").

issue No. 5: FOR - 6, AGAINST - 2, ABSTAINED - 2.

2.2. Contents of decisions made by the Board of Directors of the Issuer:

ISSUE NO. 1: On approval of the report on the estimate of costs related to preparation for and arrangement of the annual General Meeting of Shareholders of the Company following 2015 outcome.

Decision:

Approve of the report on the estimate of costs related to preparation for and arrangement of the annual General Meeting of Shareholders of the Company following 2015 results in accordance with Appendix No 1 to the decision of the Board of Directors of the Company.

Decision taken.

ISSUE NO. 2: On approval of the Work Plan of the Board of Directors of the Company for the 2016-2017 corporate year.

Decision:

Approve of the Work Plan of the Board of Directors of IDGC of the North-West, PJSC for the 2016-2017 corporate year in accordance with Appendix 2 to this decision of the Board of Directors of the Company.

Decision taken.

ISSUE NO. 3: On approval of an in-house document of the Company: Procedure of accounting for investment projects of IDGC of the North-West, PJSC corresponding to the selection criteria envisaged by Resolution No. 1516 of the Government of the Russian Federation dated 30.12.2015.

Decision:

Approve of the Procedure of accounting for the investment projects of IDGC of the North-West, PJSC corresponding to the selection criteria envisaged by Resolution No. 1516 of the Government of the Russian Federation dated 30.12.2015 in accordance with Appendix No. 3 to this decision of the Board of Directors of the Company.

Decision taken.

ISSUE No. 4: On endorsement of the contract for provision of services for maintenance of normative reference information for the needs of IDGC of the North-West, PJSC between IDGC of the North-West, PJSC and Directorate for Fiber Optic Communication Lines on Overhead Transmission Lines, JSC representing an interested party transaction.

Decision:

1. Specify that the price of the contract for maintenance of normative reference information (hereinafter referred to as NRI) for the needs of IDGC of the North-West, PJSC shall be equal to 12,801,022 (twelve million eight hundred and one thousand twenty-two) RUB 39 kopecks including VAT (18%) - 1,952,698 (one million nine hundred and fifty-two thousand six hundred and ninety-eight) RUB 32 kopecks.

2. Endorse the Contract representing an interested party transaction on essential conditions as follows:

Parties to the Contract:

IDGC of the North-West, PJSC - Customer;

Directorate for Fiber Optic Communication Lines on Overhead Transmission Lines, JSC - Performer.

Subject of the Contract:

The Performer shall provide (for a valuable consideration, following the procedure and on the conditions (to the extent) as set in the Contract) the services for maintenance of the normative reference information for the needs of IDGC of the North-West, PJSC in accordance with the Terms of Reference set forth in Appendix No. 2 hereto.

Price of the contract:

The cost of the services for maintenance of normative reference information for the needs of IDGC of the North-West, PJSC shall not exceed 12,801,022 (twelve million eight hundred and one thousand twenty-two) RUB 39 kopecks, including VAT (18%) - 1,952,698 (one million nine hundred and fifty-two thousand six hundred and ninety-eight) RUB 33 kopecks to be paid in the non-cash form according to Appendix No 1 to the Contract. Payment for the services shall be effected by the Customer according to Appendix No. 1 hereto by way of remittance of funds to the bank account of the Performer within 30 (thirty) calendar days from the moment of signature of the Services Provision Deed and the issued invoice.

Services provision term:

Commencement: February 09, 2016.

Completion: February 08, 2019.

Validity term of the Contract:

The Contract shall be deemed concluded from the day when the Customer, having sent in an offer (in particular - by email or fax), receives (by email or fax) a scanned copy/copy of the Contract counterpart signed by the Performer without dissent and without date marking on the first sheet of the Contract and shall remain in force until the Parties have completely discharged their respective obligations.

In accordance with Part 2 Article 425 of the Civil Code of the Russian Federation, the Contact shall cover the Parties' relationships having originated since 09.02.2016.

Decision taken.

ISSUE NO. 5: On the Company giving charitable assistance.

Decision:

1. Endorse IDGC of the North-West, PJSC giving charitable assistance in accordance with Appendix No. 4 to the present decision of the Board of Directors of the Company.

2. Instruct the Sole Executive Body of IDGC of the North-West, PJSC to ensure funding of the charitable assistance without detriment to the planned financial result of activities with account for ensuring absolute execution of the index of reduction of specific operational expenses (expenditures) following the results of operation in 2016 as planned in the approved Business Plan of IDGC of the North-West, PJSC for 2016.

Decision taken.

2.3. Date of arrangement of the session of the Board of Directors of the Issuer whereat the relevant decisions were made: 12.08.2016.

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 No. 216/7 dated 15.08.2016.

3. Signature

3.1. Deputy General Director

for Corporate Governance

IDGC of the North-West, PJSC

D.A. Orlov

(under the Power of Attorney No. 119 dated 27.07.2015)

3.2. Date "15" August 2016

(signature)

L.S.