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: 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. Content 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 participated in the session, the required quorum was present.

Results of voting on the issues:

Issue No.1: FOR - 11, AGAINST - 0, ABSTAINED - 0;

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

Issue No.3: FOR - 10, AGAINST - 0, ABSTAINED - 1.

Issue No.4:

point No.1: FOR - 11, AGAINST - 0, ABSTAINED - 0;

point No.2: FOR - 11, AGAINST - 0, ABSTAINED - 0;

point No.3: FOR - 11, AGAINST - 0, ABSTAINED - 0;

Issue No. 5:

point No.1: FOR - 9, AGAINST - 0, ABSTAINED - 2.

point No.2: FOR - 9, AGAINST - 0, ABSTAINED - 2.

point No.3: FOR - 9, AGAINST - 0, ABSTAINED - 2.

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

ISSUE NO. 1: On approval of the updated Plan of measures for enhancement of activities efficiency and improvement of the financial-and-economic standing of the Company for 2017-2021.

Decision:

Postpone this issue consideration.

Decision taken.

ISSUE NO. 2: On approval of the report on achievement of the target Key Performance Indicators by General Director of the Company in Q1 2017.

Decision:

Approve the report on achievement of the target Key Performance Indicators (KPIs) by General Director of the Company in Q1 2017 in accordance with Appendix No. 1 to this decision of the Board of Directors of the Company.

Decision taken.

ISSUE No. 3: On termination of the powers of a member of the Management Board of the Company.

Decision:

Terminate the powers of member of the Management Board of IDGC of the North-West, PJSC Vadim Alekseyevich Pavlov.

Decision taken.

ISSUE No. 4: Coordination of members of the Management Board of the Company simultaneously holding offices with management bodies of other organizations.

Decision:

1. Agree on simultaneous holding of the following offices by the member of the Management Board of IDGC of the North-West, PJSC Vadim Nikolayevich Fedorov:

- Member of the Board of Directors of Pskovenergoagent, JSC;

- Member of the Board of Directors of Energoservice of the North-West, JSC

Decision taken.

2. Agree on simultaneous holding of the following offices by the member of the Management Board of IDGC of the North-West, PJSC Denis Aleksandrovich Orlov.

- Member of the Board of Directors of Lesnaya Skazka, JSC;

- Member of the Board of Directors of Pskovenergosbyt, JSC.

Decision taken.

3. Agree on simultaneous participation of the member of the Management Board of IDGC of the North-West, PJSC Vladimir Valeryevich Nesterenko in the Board of Directors of Energoservice of the North-West, JSC.

Decision taken.

ISSUE No. 5: 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:

"Approve the report on achievement of the target Key Performance Indicators (KPIs) by General Director of the Company in Q1 2017 in accordance with Appendix No. 2 to this decision of the Board of Directors."

Decision taken.

2. Instruct representatives of IDGC of the North-West, PJSC to vote FOR the following decision to be taken at the session of the Board of Directors of Pskovenergoagent, JSCon agenda issue "On approval of the report on achievement of target Key Performance Indicators (KPIs) by General Director of the Company in Q1 2017":

"Approve the report on achievement of the target Key Performance Indicators (KPIs) by General Director of the Company in Q1 2017 in accordance with Appendix No. 3 to this decision of the Board of Directors."

Decision taken.

3. Instruct representatives of IDGC of the North-West, PJSC to vote FOR the following decision to be taken at the session of the Board of Directors of Lesnaya Skazka, JSCon agenda issue "On approval of the report on achievement of target Key Performance Indicators (KPIs) by General Director of the Company in Q1 2017":

"Approve the report on achievement of the target Key Performance Indicators (KPIs) by General Director of the Company in Q1 2017 in accordance with Appendix No. 4 to this decision of the Board of Directors."

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 09.08.2017 does not contain the issues related to the exercise of rights with regard to securities of the issuer.

2.4. Date of the session of the Board of Directors of the Issuer whereat the relevant decisions were taken: 09.08.2017.

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. 251/6 dated 14.08.2017.

3. Signature

3.1. General Director of
IDGC of the North-West, PJSC

A.V. Letyagin

3.2. Date August 14, 2017

(signature)

L.S.