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

Address of the Company: 31 SobornayaStr., 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 - 6, AGAINST - 0, ABSTAINED - 4.

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

ISSUE No. 1: On approval of the Company's Business Plan for 2017 including the Investment Program and information on key operational risks and the Forecast for 2018-2021.

Decision:

1. Approve the Business Plan of IDGC of the North-West, PJSC, including the Investment Program and information on key operational risks for 2017 and take under advisement the forecast for the period from 2018 to 2021 in accordance with Appendix No. 1 to this decision of the Board of Directors of the Company.

2. Instruct the Sole Executive Body of IDGC of the North-West, PJSC:

2.1. Ensure adjustment of the Company Business Plan for 2017-2021:

2.1.1 In case of any inconsistencies between the parameters of the Company Business Plan and the Investment Program of the Company, approved by the order of the Ministry of Energy of Russia, subject to availability of corresponding sources of funding for the investment program.

Deadline: 28.02.2017.

2.1.2 when tariff and balance decisions for year 2017 are made implying deterioration in parameters versus what is planned in the Company Business Plan by decreasing the volume of operating costs and/or funding the investment program to the level assuming achievement of the core financial and economic indicators of the Company Business Plan.

Deadline: 28.02.2017.

2.2. Assure the development and presentation for consideration to the Board of Directors of the Company of the Action Plan to ensure the break-even result of operation of Komienergobranch with account of consolidation of the power grids of the Republic of Komi on the basis of Komienergobranch.

Deadline: 31.03.2017.

2.3. If clause 2.2 of this decision is not complied with, ensure that the operating costs of Komienergobranch are reduced to the level planned in the tariff and balance decisions starting from 2018.

2.4. Ensure unconditional achievement of operating cost reduction indicator of at least 3% annually in accordance with the method used for calculation of key performance indicators.

2.5. Based on tariff and balance decisions made for year 2017 carry out an optimization of administrative and management expenses, including analysis on the possibility of optimizing costs for administrative and management staff, in order to approximate the level of operating costs to the level envisaged in tariff and balance decisions for 2017.

2.6. Within the frames of the report on execution of the Company Business Plan for Q1 2017 present to the Board of Directors of the Company a report on implementation of measures to perform instructions outlined in clauses 2.4-2.5 of this decision.

2.7. Ensure implementation of measures planned for year 2017 to manage key operating risks of the Company with account of the recommended List of Basic Measures to manage key operating risks with focus on risks with high level of relevance in accordance with Appendix No. 2 to this decision of the Board of Directors of the Company.

Decision taken.

2.3. Date of the session of the Board of Directors of the Issuer whereat the relevant decisions were made: 23.12.2016.

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. 226/17 dated 26.12.2016.

3. Signature

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

(based on the Power of Attorney No. 119 dated 27.07.2015)

3.2. Date "26" December 2016

(signature)

L.S.