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 company name

IDGC of the North-West, PJSC

1.3. Issuer's location

Gatchina, Leningrad Region, Russia

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 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:

Issue No. 1: "FOR" - 10, "AGAINST" - 0, "ABSTAINED" - 1.

Issue No. 2: "FOR" - 11, "AGAINST" - 0, "ABSTAINED" - 0.

Issue No. 3: "FOR" - 11, "AGAINST" - 0, "ABSTAINED" - 0.

Issue No. 4: "FOR" - 11, "AGAINST" - 0, "ABSTAINED" - 0.

Issue No. 5: "FOR" - 11, "AGAINST" - 0, "ABSTAINED" - 0.

Issue No. 6: "FOR" - 10, "AGAINST" - 0, "ABSTAINED" - 1.

Issue No. 7.1: "FOR" - 8, "AGAINST" - 0, "ABSTAINED" - 3.

Issue No. 7.2: "FOR" - 8, "AGAINST" - 0, "ABSTAINED" - 3.

Issue No. 7.3: "FOR" - 8, "AGAINST" - 0, "ABSTAINED" - 3.

Issue No. 8: "FOR" - 9, "AGAINST" - 0, "ABSTAINED" - 2.

Issue No. 9: "FOR" - 10, "AGAINST" - 0, "ABSTAINED" - 1.

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

ISSUE No. 1: Implementation of the Company Innovative Development Program for 2016-2020 with the outlook till 2025 for 2016.

Decision:

Approve Report on implementation of the Company Innovative Development Program
of IDGC of the North-West, PJSC for 2016-2020 with the outlook till 2025 for 2016 in accordance with Appendix No. 1 to this decision of the Board of Directors of the Company.

Decision taken.

ISSUE No. 2: On execution of Plan-schedule of liquidation of traumatic equipment of the Company for the period of 2014-2016 for 2016.

Decision:

Postpone this issue consideration.

Decision taken.

ISSUE No. 3: Report on work performed by the Corporate secretary for 2016-2017 corporate year.

Decision:

Approve of the report of the Corporate secretary of IDGC of the North-West, PJSC in accordance with Appendix No. 2 to this decision of the Board of Directors of the Company.

Decision taken.

ISSUE No. 4: Report on execution of the Action plans to address the issues revealed by the field audit conducted by the Russian Federation Ministry of Energy into the implementation progress of investment projects for the Q1 2017.

Decision:

Postpone this issue consideration.

Decision taken.

ISSUE No. 5: Report of General Director on provision for insurance protection of the Company in Q1 2017.

Decision:

Take into advisement the report of General Director of the Company on provision for insurance protection of the Company in Q1 2017 in accordance with Appendix No. 3 to this decision of the Board of Directors of the Company.

Decision taken.

ISSUE No. 6: 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 existing as of 01.04.2017.

Decision:

1. Approve 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 01.04.2017 in accordance with Appendix No. 4 to this decision of the Board of Directors of the Company.

2. Take under advisement the information on execution of the Schedule plan of measures for reduction of the amount of overdue receivables for electric energy transmission services and settlement of disputes, generated with regard to the indebtedness having arisen as of the beginning of the previous quarter and previously approved by the Board of Directors of the Company in accordance with Appendix No. 5 to this decision of the Board of Directors of the Company.

3. Take under advisement the information regarding:

- execution of the order of the Board of Directors dated 21.02.2017 (Minutes No. 231/22) in relation to repayment in Q1 2017 of the amount of outstanding debts from the amount of debts as of 01.01.2017;

- actions performed on new overdue debts and turnover of overdue receivables for electric energy transmission services in Q1 2017;

- actions performed on new overdue debts from the debtors accounting for more than 10% of the total overdue indebtedness;

- interaction with major debtors with assessment of non-payment risk, status and assessment of prospectives of debt collection by enforcement proceedings;

- implementation of the work plan of IDGC of the North-West, PJSC for exercise of the right to claim indebtedness from enterprises and organizations undergoing a bankruptcy procedure.

Decision taken.

ISSUE No. 7: On consideration of the candidacy for the position of Auditor of subsidiary companies of IDGC of the North-West, PJSC.

Decision:

1. Propose 2K, JSC as Auditor to carry out audit of the Company's 2017 financial (accounting) statements prepared in accordance with RAS for approval at the annual General Meeting of Shareholders of Pskovenergoagent, OJSC.

Decision taken.

2. Propose 2K, JSC as Auditor to carry out audit of the Company's 2017 financial (accounting) statements prepared in accordance with RAS for approval at the annual General Meeting of Shareholders of Pskovenergosbyt, OJSC.

Decision taken.

3. Propose 2K, JSC as Auditor to carry out audit of the Company's 2017 financial (accounting) statements prepared in accordance with RAS for approval at the annual General Meeting of Shareholders of Energoservice of the North-West, OJSC.

Decision taken.

ISSUE No. 8: On termination of participation of the Company Lesnaya Skazka, OJSC by way of alienation of the share (97.96%) in the authorized capital.

Decision:

1. On discontinuation of the Company's participation in Lesnaya Skazka, OJSC on the following essential terms:

2. The General Director of the Company, if sale on the open auction by the participants is declared invalid due to absence of applications for participation, to ensure alienation of the share specified in paragraph 1 of this decision in the manner and in the ways determined by the Procedure for organizing sale of non-core assets of IDGC of the North-West, PJSC approved by the decision of the Board of Directors of the Company as of October 28, 2016 (Minutes No. 222/13).

Decision taken.

ISSUE No. 9: 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 Q4 2016 and 2016.

Decision:

Approve of the report on the outcome of achievement of the target values of the Key Performance Indicators of General Director of the Company in Q4 2016 and in 2016 in accordance with Appendix No. 6 to the decision of the Board of Directors of the Company.

Decision taken.

2.3. If the agenda of the session of the Board of Directors (Supervisory Board) contains issues related to exercise of rights with regard to certain securities of the Issuer, the identification attributes of such securities shall be indicated:

The agenda of the session of the Board of Directors conducted on 07.06.2017 does not contain the issues related to the exercise of rights with regard to certain securities of the issuer.

2.4. Date of the session of the Board of Directors of the Issuer whereat the relevant decisions were taken: 07.06.2017.

2.5. Date and number of the Minutes of the session of the Board of Directors of the Issuer whereat the relevant decisions were taken: Minutes No. 244/35 dated 09.06.2017.

3. Signature

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

D.A. Orlov

(pursuant to the Power of Attorney No. 119 dated 27.07.2015)

3.2. Date: June "09", 2017

(signature)

L.S.