MRSK Severo Zapada : Details on making decision on placing (approval of stock program)

1. General details

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

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. Address of the page provided by one of the distributors of information on the market of securities in information and telecommunication network Internet, as well as Internet-page address, electronic address of which includes domain name, rights to which belong to the issuer.

http://www.disclosure.ru/issuer/7802312751/;http://www.mrsksevzap.ru

2. Contents of notice

Details on making decision on approval of stock program

2.1. Management body of the issuer that made decision on approval of program of stock obligations and way of making decision (type of general meeting is specified (annual or extraordinary) in case if management body of the issuer that made decision on approval of the program of stock obligations is general meeting of participants (shareholders) of the issuer, as well as form of voting (joint presence or absentee voting): Board of Directors, absentee voting.

2.2. Date and place of meeting (session) of the authorized management body of the issuer, on which the decision on approval of stock obligations program was made: Arrangement date: 30.09.2016. Arrangement location: Russia, Saint Petersburg, Konstitutsii sq., 3, Lit. A.

2.3. Generation date and number of the minutes of the meeting (session) of the Issuer's authorized management body whereat the decision on payment (announcement) of dividend on the Issuer shares was taken:

Date of Minutes 03.10.2016, Minutes No. 220/11.

2.4. Quorum and results of voting on the issue of making decision on approval of stock obligations program:

10 (ten) out of 11 (eleven) members of the Board of Directors took part in the voting on the issues of agenda. Quorum for consideration and making decisions on agenda issues was present.

Issue on approval of Program of bearer interest-bearing inconvertible certified stock obligations of the Company with mandatory centralized storage, Series 001P.

Decision:

Voting results:

FOR - 7, AGAINST - 1, ABSTAINED - 2. Decision taken.

2.5. Maximum sum of nominal costs of stock obligations, which may be placed within the framework of stock obligations program: Maximum sum of nominal costs of Stock obligations, which may be placed within the Program of stock obligations is 25,000,000,000 (twenty five billion) Russian rubles inclusive.

2.6. Maximum term of repayment of obligations placed within the program of stock obligations: Maximum term of repayment of Stock obligations placed within the Program is 10,920 (ten thousand nine hundred twenty) days from the date of start of placement of issue of Stock obligations within the framework of Program of stock obligations.

2.7. Term of stock obligations program: termless.

2.8. If during emission of obligations placed within the program of stock obligations registration (presentation to stock exchange) of prospectus of such obligations is expected - details of such circumstance: Prospectus of securities is provided to the stock exchange simultaneously with Program of stock obligations, series 001P - the first part of the decision on issue of securities containing determined in general manner rights of owners of stock obligations and other general conditions for one or several issues of stock obligations; the Issuer undertakes responsibility to disclose information after each stage of securities emission procedure.

3. Signature

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

(under the Power of Attorney No. 119 dated 27.07.2015)

D.A. Orlov

(signature)

3.2. Date "

03

"

October

20

16

.

L.S.