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

1. General Data

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: 31 Sobornaya Str., Gatchina, Leningrad Region,188300, Russia

1.4. Issuer's PSRN

1047855175785

1.5. Issuer's TIN

7802312751

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

03347-D

1.7. Address of the Internet page used by the Issuer for information disclosure

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

2. Content of the 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 - 9, AGAINST - 0, ABSTAINED - 1.

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

Issue No. 3: FOR - 10, AGAINST - 0, ABSTAINED - 0.

Issue No. 4: FOR - 10, AGAINST - 0, ABSTAINED - 0.

Issue No. 5: FOR - 7, AGAINST - 1, ABSTAINED - 2.

Issue No. 6.1: FOR - 9, AGAINST - 0, ABSTAINED - 1.

Issue No. 6.2: FOR - 9, AGAINST - 0, ABSTAINED - 1.

Issue No. 6.3: FOR - 9, AGAINST - 0, ABSTAINED - 1.

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

ISSUE No. 1: Report of General Director on implementation of the Business Plan of the Company including the Investment Program and information on the key operational risks of the Company for Q3 2016 and 9 months of 2016.

Decision:

1. Approve the report on implementation of the Business Plan of IDGC of the North-West, PJSC including the Investment Program and information on key operational risk management for Q3 2016 and 9 months of 2016 in accordance with Appendix No. 1 to this decision of the Board of Directors of the Company.

2. Confidential information.

3. Confidential information.

Decision taken.

ISSUE No. 2: On approval of the Report on IDGC of the North-West, PJSC Group Performance against Business Plan (consolidated based on RAS principles) in Q3 2016 and 9 months of 2016.

Decision:

Approve the report on implementation of IDGC of the North-West, PJSC Group Business Plan consolidated based on RAS principles in Q3 2016 and 9 months of 2016 in accordance with Appendix No. 2 to this decision of the Board of Directors of the Company.

Decision taken.

ISSUE No. 3: Report of General Director on implementation of Clause 3 of the decision taken by Board of Directors on 21.04.2016 (Minutes No. 203/18) on the Agenda Issue 1 "On approval of the Company's adjusted Business Plan including the Investment Program and information on key operational risks in 2016 and forecast for 2017-2020, including the Program for Increasing Operational Efficiency and Reducing Expenses of the Company in a period from 2016 to 2020."

Decision:

1. Take notice of the report of General Director on execution of the task given by the Board of Directors on 21.04.2016 (Minutes No. 203/18 dd 25.04.2016) concerning clauses 3.1 and 3.4 of Issue 1: On approval of the Company's Adjusted Business Plan including the Investment Program and information on key operational risks in 2016 and forecast for 2017-2020, including the Program for Increasing Operational Efficiency and Reducing Expenses of the Company in a period from 2016 to 2020, including providing justification for inexpedience of acting upon adjusted Business Plan of the Company in 2016 in accordance with Appendix No. 3 to this decision of the Board of Directors.

2. Deem void the task given by the Board of Directors of the Company
on 21.04.2016 concerning clauses 3.2 and 3.3 of the Agenda Issue No. 1 "On approval of the Company's adjusted Business Plan including the Investment Program and information on key operational risks in 2016 and the forecast for 2017-2020, including the Program for Increasing Operational Efficiency and Reducing Expenses of the Company in a period from 2016 to 2020" (Minutes No. 203/18 dd 25.04.2016).

Decision taken.

ISSUE No. 4: Report on execution of the decision of the Board of Directors of the Company dated 07.09.2016 (Minutes No. 218/9) on the Agenda Issue No. 2: "Report of General Director on the Company's Performance against the Business Plan, including the Investment Program and information on the key operational risks of the Company for Q2 2016 and 6 months of 2016" concerning execution of Clause 3.5 of the decision of the Board of Directors of the Company.

Decision:

Take notice of the Report on execution of the decision taken by the Board of Directors of the Company on 07.09.2016 (Minutes No. 218/9 dd 12.09.2016) regarding Issue No. 2 "Report of General Director on implementation of the Business Plan of the Company including the Investment Program and information on the key operational risks of the Company in Q2 2016 and 6 months of 2016" as concerns the measures taken for execution by the Company's counteragent of its obligations under the Agreement for technological interconnection with the North-Western branch of Oboronenergo JSC dd 25.03.2015 No. 76-04478/14 in accordance with Appendix No. 4 to this decision of the Board of Directors.

Decision taken.

ISSUE No. 5: On approval of the Plan for Procurement of Goods, Works and Services for the Needs of IDGC of the North-West, PJSC for 2017.

Decision:

Approve the Plan for Procurement of Goods, Works and Services for the Needs of IDGC of the North-West, JSC for 2017 in accordance with Appendix No. 5 to this decision of the Board of Directors.

Decision taken.

ISSUE No. 6: 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.

Decision:

1. Instruct representatives of IDGC of the North-West, PJSC to vote FOR the following decision at the session of the Board of Directors of Pskovenergosbyt JSC on agenda issue "Approval of the Report on Implementation of the Business Plan of the Company in Q3 2016 and 9 months of 2016":

Approve the report on implementation of the Business-Plan of the Company in Q3 2016 and 9 months of 2016, the core indicators being as follows (thousand RUB):

Decision taken.

2. Instruct representatives of IDGC of the North-West, PJSC to vote FOR the following decision at the session of the Board of Directors of Pskovenergoagent JSC on agenda issue "Approval of the Report on Implementation of the Business Plan of the Company in Q3 2016 and 9 months of 2016":

Approve the report on implementation of the Business-Plan of the Company in Q3 2016 and 9 months of 2016, the core indicators being as follows (thousand RUB):

Decision taken.

3. Instruct representatives of IDGC of the North-West, PJSC to vote FOR the following decisions at the session of the Board of Directors of Lesnaya Skazka JSC on agenda issue "Approval of the Report on Implementation of the Business Plan of the Company in Q3 2016 and 9 months of 2016":

Approve the report on implementation of the Business-Plan of the Company in Q3 2016 and 9 months of 2016, the core indicators being as follows (thousand RUB):

- Take notice that the Company's Net Profit for Q3 2016 and 9 months of 2016 is below the target by RUB 1,462 ths. or by 95% (plan RUB 1,534 ths. vs actual RUB 73 ths.);

- Instruct General Director of Lesnaya Polyana JSC based on performance in 2016 ensure the achievement of targets fixed in the Company Business Plan approved for 2016.

Decision taken.

2.3. Date of the session of the Board of Directors of the Issuer whereat the relevant decisions were made: 14.12.2016.

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. 224/15 dated 16.12.2016.

3. Signature

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

D.A. Orlov

(based on the Power of Attorney No. 119

dated 27.07.2015)

3.2. Date "16" December 2016

(signature)

L.S.