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:

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" - 9, "AGAINST" - 0, "ABSTAINED" - 1.

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

Issue No. 4: "FOR" - 9, "AGAINST" - 0, "ABSTAINED" - 1.

Issue No. 5: "FOR" - 10, "AGAINST" - 0, "ABSTAINED" - 0.

Issue No. 6: "FOR" - 6, "AGAINST" - 1, "ABSTAINED" - 3.

Issue No. 7: "FOR" - 8, "AGAINST" - 1, "ABSTAINED" - 1.

Issue No. 8.1: "FOR" - 8, "AGAINST" - 0, "ABSTAINED" - 2.

Issue No. 8.2: "FOR" - 8, "AGAINST" - 0, "ABSTAINED" - 2.

Issue No. 8.3: "FOR" - 8, "AGAINST" - 0, "ABSTAINED" - 2.

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

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

Issue No. 11: "FOR" - 10, "AGAINST" - 0, "ABSTAINED" - 0.

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

ISSUE No. 1: Report of General Director on execution of the Business Plan of the Company including the Investment Program and information on the key operational risks of the Company for Q1 2017.

Decision:

1. Approve of the report on execution of IDGC of the North-West, PJSC Business Plan (including the Investment Program and information on the key operational risks) in Q1 2017 in accordance with Appendix No. 1 to this decision of the Board of Directors of the Company.

2. Following Q1 2017 outcome take notice of:

2.1 obtaining of actual loss from sale of electricity in the amount of 68.6 million rubles with a planned loss of 0.5 million rubles in connection with early accrual of reserves of doubtful debts, scheduled for the 4th quarter of 2017.

2.2 presence of backlogs from the planned timeframes for implementation of integrated network schedules for 6 priority projects of the investment program of IDGC of the North-West, PJSC.

3. Instruct the General Director of IDGC of the North-West, PJSC to reinforce control over realization of priority investment projects.

Decision taken.

ISSUE No. 2: On approval of the report on execution of Business Plan of IDGC of the North-West, PJSC Group for Q1 2017 (aggregated based on RAS principles and consolidated based on IFRS principles).

Decision:

Approve the report on implementation of the business plan aggregated based on RAS principles
and consolidated based on IFRS principles of IDGC of the North-West, PJSC Group for Q1 2017 in accordance with Appendices Nos. 2-3 to this decision of the Board of Directors of the Company.

Decision taken.

ISSUE No. 3: Report of the Audit Committee under the Board of Directors of the Company on work for 2016-2017 corporate year.

Decision:

Take under advisement the report of the Audit Committee under the Board of Directors of IDGC of the North-West, PJSC on work performed during 2016-2017 corporate year in accordance with Appendix No. 4 to this decision of the Board of Directors of the Company.

Decision taken.

ISSUE No. 4: On approval of the updated Program for increasing operational efficiency and reducing the expenses of the Company for the period of 2017-2021.

Decision:

To approve the updated Operational Efficiency and Cost Reduction Program of IDGC of the North-West, PJSC for 2017-2021 in accordance with Appendix No. 5 to this decision of the Board of Directors of the Company.

Decision taken.

Decision:

Approve the Action Plan for development and improvement of internal audit activity of IDGC of the North-West, PJSC for the period from 2017 to 2019 in accordance with Appendix No. 6 to this decision of the Board of Directors of the Company.

Decision taken.

ISSUE No. 6: On approval of the Program for Non-Governmental Pension Benefits for the Company Employees for H2 2017.

Decision:

Program for Non-Governmental Pension Benefits for Workers of IDGC of the North-West, PJSC for H2 2017 in accordance with Appendix No. 7 to this decision of the Board of Directors of the Company.

Decision taken.

ISSUE No. 7: On conclusion of agreements on cession of the right to claim indebtedness from enterprises and organizations undergoing a bankruptcy procedure.

Decision:

Within the framework of implementation of measures for reduction of the amount of the Company's receivables to take under advisement information on conclusion with Praktika, LLC agreements on assignment of the right to claim the receivables (cession) in accordance with Appendix No. 8 to this decision of the Board of Directors of the Company.

Decision taken.

ISSUE No. 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.

Decision:

1. Instruct the representatives of IDGC of the North-West, PJSC to vote "FOR" the following decisions to be taken at the session of the Board of Directors of Pskovenergoagent, OJSC:

- on agenda issue "On approval of the report on execution of the business plan of Pskovenergoagent, OJSC in Q1 2017":

1. Approve of the report on execution of the business plan of Pskovenergoagent, OJSC
for Q1 2017 in accordance with Appendix No. 9 to this decision of the Board of Directors of the Company.

2. To note following the results of the Q1 2017 non-fulfillment of the business plan indicator of net profit by 939 thousand rubles (the plan is 2,762 thousand rubles, the fact is 1,823 thousand rubles).

3. To charge the General Director of the Company with ensuring unconditional implementation of the business plan of Pskovenergoagent, OJSC for 2017 following the results of 2017.

Decision taken.

2. Instruct the representatives of IDGC of the North-West, PJSC to vote "FOR" the following decisions to be taken at the session of the Board of Directors of Pskovenergosbyt, OJSC:

- on agenda issue "On approval of the report on execution of the business plan of Pskovenergosbyt, OJSC in Q1 2017":

1. Approve of the report on execution of the business plan of Pskovenergosbyt, OJSC in Q1 2017 in accordance with Appendix No. 10 to this decision of the Board of Directors of the Company.

2. To note following the results of Q1 2017 non-fulfillment of the following indicators of the business plan: accounts payable (the plan is 581 million rubles, the fact is 677 million rubles), level of payment for supplied electricity (plan 91.1%, fact 90.1%).

3. To charge the General Director of the Company with ensuring unconditional implementation of the business plan of Pskovenergosbyt, OJSC for 2017 following the results of 2017.

Decision taken.

3. Instruct the representatives of IDGC of the North-West, PJSC to vote "FOR" the following decisions to be taken at the session of the Board of Directors of Lesnaya Skazka, OJSC:

- on agenda issue "On approval of the report on execution of the business plan of Lesnaya Skazka, OJSC in Q1 2017":

Approve of the report on execution of the business plan of Lesnaya Skazka, OJSC in Q1 2017 in accordance with Appendix No. 11 to this decision of the Board of Directors of the Company.

Decision taken.

ISSUE No. 9: On execution of the integrated program of the Company for reduction of injury risks personnel and outsiders are exposed to at the Company's electric power grid facilities for the period of 2014-2017 in 2016.

Decision:

Take under advisement the report on execution of the Action plans of IDGC of the North-West, PJSC for reduction of injury risks of personnel and outsiders at the Company's electric power grid facilities for the period 2014-2017 for 2016 in accordance with Appendix No. 12 to this decision of the Board of Directors of the Company.

Decision taken.

ISSUE No. 10: On approval of IDGC of the North-West, PJSC executive staff organizational structure.

Issue put to vote:

1. Approve of the organizational structure of the executive staff of the Company in accordance with Appendix No. 13 to this decision of the Board of Directors of the Company and to enact it with account for the terms stipulated by the Russian Federation legislation in case of amendment to or termination of employment contracts with workers.

2. Deem invalid the Company executive staff organizational structure approved by decision of the Board of Directors of IDGC of the North-West, PJSC dated 19.07.2016 (Minutes No. 214/5) from the date when the Company executive staff organizational structure is enacted.

Decision taken.

Decision:

Postpone this issue consideration.

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 09.06.2017 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: 09.06.2017.

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. 245/36 dated 13.06.2017.

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 "13", 2017

(signature)

L.S.