Notice

of correction of information contained in previously

published notice of essential fact

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 company name

IDGC of the North-West, PJSC

1.3. Issuer's location

Russia, Leningrad Region, Gatchina

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. Contents of notice

This notice is being published by way of amendment to (correction of) information contained in the notice of essential fact "Details of Certain Decisions Taken by the Board of Directors of the Issuer"(Insider Information Disclosure) previously published in a news line.

Reference to the previously published notice information wherein is being amended (corrected): the notice being corrected was published in the news line of AK&M information agency on 09.06.2016 at 09:59 at http://www.disclosure.ru/rus/corpnews/news.shtml?newsisn=5544627.

Brief description of the amendments introduced:

prior to amendment:

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 - 10, AGAINST - 0, ABSTAINED - 0.

issue No. 2: FOR - 10, AGAINST - 0, ABSTAINED - 0.

issue No. 3: FOR - 10, AGAINST - 0, ABSTAINED - 0.

issue No. 4: FOR - 10, AGAINST - 0, ABSTAINED - 0.

issue No. 5: FOR - 10, AGAINST - 0, ABSTAINED - 0.

issue No. 6: FOR - 10, AGAINST - 0, ABSTAINED - 0.

issue No. 7:

Clause 1 of the decision: FOR - 7, AGAINST - 0, ABSTAINED - 3.

Clause 2 of the decision: FOR - 7, AGAINST - 0, ABSTAINED - 3.

Clause 3 of the decision: FOR - 7, AGAINST - 0, ABSTAINED - 3.

issue No. 8: FOR - 8, AGAINST - 0, ABSTAINED - 1 (failed to vote

- 1 (Clause 3 Article 83 of the Federal Law "On Joint-Stock Companies"))

issue No. 9: FOR - 8, AGAINST - 0, ABSTAINED - 1 (failed to vote

- 1 (Clause 3 Article 83 of the Federal Law "On Joint-Stock Companies"))

issue No. 10: FOR - 8, AGAINST - 0, ABSTAINED - 1 (failed to vote

- 1 (Clause 3 Article 83 of the Federal Law "On Joint-Stock Companies"))

issue No. 11: FOR - 8, AGAINST - 0, ABSTAINED - 1 (failed to vote

- 1 (Clause 3 Article 83 of the Federal Law "On Joint-Stock Companies"))

issue No. 12: FOR - 7, AGAINST - 0, ABSTAINED - 1 (failed to vote

- 2 (Clause 1 Article 81 and Clause 3 Article 83 of the Federal Law "On Joint-Stock Companies"))

issue No. 13:

Clause 1 of the decision: FOR - 10, AGAINST - 0, ABSTAINED - 0.

Clause 2 of the decision: FOR - 10, AGAINST - 0, ABSTAINED - 0.

Clause 3 of the decision: FOR - 10, AGAINST - 0, ABSTAINED - 0.

issue No. 14: FOR - 6, AGAINST - 1, ABSTAINED - 3.

issue No. 15:

Clause 1 of the decision: FOR - 9, AGAINST - 0, ABSTAINED - 1.

Clause 2 of the decision: FOR - 9, AGAINST - 0, ABSTAINED - 1.

after amendment:

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.

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

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 - 11, AGAINST - 0, ABSTAINED - 0;

issue No. 7:

Clause 1 of the decision: FOR - 8, AGAINST - 0, ABSTAINED - 3.

Clause 2 of the decision: FOR - 8, AGAINST - 0, ABSTAINED - 3.

Clause 3 of the decision: FOR - 8, AGAINST - 0, ABSTAINED - 3.

issue No. 8: FOR - 8, AGAINST - 0, ABSTAINED - 2 (failed to vote

- 1 (Clause 3 Article 83 of the Federal Law "On Joint-Stock Companies"))

issue No. 9: FOR - 8, AGAINST - 0, ABSTAINED - 2 (failed to vote

- 1 (Clause 3 Article 83 of the Federal Law "On Joint-Stock Companies"))

issue No. 10: FOR - 8, AGAINST - 0, ABSTAINED - 2 (failed to vote

- 1 (Clause 3 Article 83 of the Federal Law "On Joint-Stock Companies"))

issue No. 11: FOR - 8, AGAINST - 0, ABSTAINED - 2 (failed to vote

- 1 (Clause 3 Article 83 of the Federal Law "On Joint-Stock Companies"))

issue No. 12: FOR - 7, AGAINST - 0, ABSTAINED - 2 (failed to vote

- 2 (Clause 1 Article 81 and Clause 3 Article 83 of the Federal Law "On Joint-Stock Companies"))

issue No. 13:

Clause 1 of the decision: FOR - 10, AGAINST - 0, ABSTAINED - 1;

Clause 2 of the decision: FOR - 10, AGAINST - 0, ABSTAINED - 1;

Clause 3 of the decision: FOR - 10, AGAINST - 0, ABSTAINED - 1;

issue No. 14: FOR - 6, AGAINST - 1, ABSTAINED - 4.

issue No. 15:

Clause 1 of the decision: FOR - 9, AGAINST - 0, ABSTAINED - 2.

Clause 2 of the decision: FOR - 9, AGAINST - 0, ABSTAINED - 2.

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

ISSUE NO. 1: 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 2015 and 2015.

Decision:

Postpone this issue consideration.

ISSUE NO. 2: Report of General Director on execution of the Innovative Development Program of the Company for 2011-2016 in 2015.

Decision:

Take under advisement the report on execution of the Innovative Development Program of IDGC of the North-West, PJSC for 2011-2016 in 2015 in accordance with Appendix No. 1 to this decision of the Board of Directors of the Company.

ISSUE NO. 3: Report of General Director on provision for insurance protection of the Company in Q1 2016.

Decision:

Take under advisement the report of General Director of the Company on provision for insurance protection of the Company in Q1 2016 in accordance with Appendix No. 2 to this decision of the Board of Directors of the Company.

ISSUE NO. 4: Report on execution of the decision of the Board of Directors of the Company dated 28.04.2016 (Minutes No 204/19) on the agenda 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 Q4 2015 and 2015" to the extent of execution of Clause 3.3 of the decision of the Board of Directors of the Company.

Decision:

Take under advisement the information on execution of the decision of the Board of Directors of the Company dated 28.04.2016 (Minutes No. 204/19) on the agenda 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 Q4 2015 and 2015" to the extent of execution of Clause 3.3. of the decision of the Board of Directors of the Company in accordance with Appendix No. 3 to this decision of the Board of Directors of the Company.

ISSUE NO. 5: Report on work of the Audit Committee under the Board of Directors of the Company on work in 2015-2016 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 2015-2016 corporate year n accordance with Appendix No 4 to this decision of the Board of Directors of the Company.

ISSUE NO. 6: On approval of the Program for Non-Governmental Pension Benefits for Workers of the Company for H2 2016.

Decision:

Postpone this issue consideration.

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. Nominate Auditor Company. City Expert Evaluation Center, LLC as Auditor to carry out audit of the Company's 2016 financial (accounting) statements prepared in accordance with RAS for approval at the annual General Meeting of Shareholders of Pskovenergoagent, OJSC.

2. Nominate Auditor Company. City Expert Evaluation Center, LLC as Auditor to carry out audit of the Company's 2016 financial (accounting) statements prepared in accordance with RAS for approval at the annual General Meeting of Shareholders of Prskovenergosbyt, OJSC.

3. Nominate Auditor Company. City Expert Evaluation Center, LLC as Auditor to carry out audit of the Company's 2016 financial (accounting) statements prepared in accordance with RAS for approval at the annual General Meeting of Shareholders of Energoservice of the North-West, OJSC.

ISSUE NO. 8: On endorsement of the contract for lease of immovable properties (dispatch station buildings and heated parking lot in the Arkhangelsk Region) between IDGC of the North-West,PJSC and FGC UES, PJSC representing an interested party transaction.

Decision:

1. Specify that the amount of monthly rent under the contract for lease of immovable properties between IDGC of the North-West, PJSC and FGC UES, PJSC shall be equal to 47,600 (Forty-seven thousand six hundred) RUB 00 kopecks inclusive of VAT (18%) - 7,261 (Seven thousand two hundred and twenty-five) RUB 02 kopecks.

In total, the cost of rent payments under the Contract for the 10 (ten) years of lease shall be equal to 5,712,000 (Five million seven hundred and twelve thousand) RUB 00 kopecks inclusive of VAT (18%) - 871,322 (Eight hundred and seventy-one thousand three hundred and twenty-two) RUB 03 kopecks.

The total amount of rent for the whole of the validity term of the contract for lease of immovable properties (with account for its prolongation) shall not be equal to or in excess of 2 (two) per cent of the book value of the assets of IDGC of the North-West, PJSC according to their accounting statements as of the most recent reporting date.

2. Endorse the Contract representing an interested party transaction on conditions as follows:

Parties to the Contract:

IDGC of the North-West, PJSC - Lessor;

FGC UES, PJSC - Lessee.

Subject of the contract:

The Lessor undertakes to deliver to the Lessee and the Lessee undertakes to accept, for temporary ownership and usage on the conditions of the Contract, subject to a valuable consideration, the following immovable properties (hereinafter - the "Immovable Properties").

The Properties to be leased out consist of:

1. Standalone building of the Velsk electric power grid district dispatching station with total area equal to 230.8 sqm(Inventory No. 11.1.2.00018104), located at: Arkhangelsk Region, Velsk District, Muravyevskaya Rural Area Administration, Lukinskaya Village, 5A Shosseyanaya str., Building 9.

2. Standalone building of the heated parking facility with total area equal to 137.7 sqm(Inventory No. 11.1.2.00018124), located at: Arkhangelsk Region, Ustyansky District, Shangalskaya Rural Area Administration, AverkiyevskayaVillage.

Price of the contract:

The amount of monthly rent for ownership and usage of the properties, in accordance with the valuation report drawn by Labrium Consulting, LLC dated 7.12.2015, No. IO-1215-12, is equal to:

for the Properties specified in Clause 1.2.1. of the Contract (standalone building of the Velsk electric power grid district dispatching station) - 30,000 (Thirty thousand) RUB including VAT (18%) - 4,576 (Four thousand five hundred and seventy-six) RUB 27 kopecks.

for the Properties specified in Clause 1.2.2. of the Contract (standalone building of the heated parking facility) - 17,600 (Seventeen thousand six hundred) RUB including VAT (18%) - 2,684 (Two thousand six hundred and eighty-four) RUB 75 kopecks.

In total, the cost of rent payments under the Contract for the 10 (ten) years of lease shall be equal to 5,712,000 (Five million seven hundred and twelve thousand) RUB 00 kopecks inclusive of VAT (18%) - 871,322 (Eight hundred and seventy-one thousand three hundred and twenty-two) RUB 03 kopecks.

Lease term:

The lease terms shall be established from January 01, 2016 to December 31, 2025.

Validity term of the Contract:

The Contract shall take effect from the moment of its state registration, cover the Parties' legal relationship having originated since January 01, 2016 and remain in force until December 31, 2025.

Neither Party having claimed its termination in writing at least 3 (three) months prior to expiry of the validity term of the Contract, the Contract shall be deemed extended without date.

ISSUE NO. 9: On endorsement of the contract for lease of immovable properties (parking spaces in the heated parking lot building) between IDGC of the North-West,PJSC and FGC UES, PJSC representing an interested party transaction.

Decision:

1. Specify that the amount of monthly rent under the contract for lease of immovable properties between IDGC of the North-West, PJSC and FGC UES, PJSC shall be equal to 2,700 (Two thousand seven hundred) RUB inclusive of VAT (18%) - 411 (Four hundred and eleven) RUB 86 kopecks.

In total, the cost of rent payments due for 11 (eleven) months of leasehold under the Contract shall be 29,700 (Twenty-nine thousand seven hundred) RUB 00 kopecks including VAT (18 %) - 4,530 (Four thousand five hundred and thirty) RUB 51 kopecks.

The total amount of rent for the whole of the validity term of the contract for lease of immovable properties (with account for its prolongation) shall not be equal to or in excess of 2 (two) per cent of the book value of the assets of IDGC of the North-West, PJSC according to their accounting statements as of the most recent reporting date.

2. Endorse the Contract representing an interested party transaction on conditions as follows:

Parties to the Contract:

IDGC of the North-West, PJSC - Lessor;

FGC UES, PJSC - Lessee.

Subject of the contract:

The Lessor undertakes to deliver to the Lessee, for temporary ownership and usage subject to a valuable consideration part of the immovable properties having a total area equal to 27.2 sqm and located within the building of the heated parking facility accommodating 7 motor vehicles located at: Arkhangelsk Region, Plesetsk District, Plesetsk, 46 SvobodyStr. (hereinafter - the "Immovable Properties") as reflected in the Layout Diagram of the leased properties positioning (Appendix No. 1 to this contract) (hereinafter - the "Properties"), while the Lessee undertakes to timely transmit rent payments and to return the Properties to the Lessor upon expiry of this Contract term in a proper condition.

Price of the contract:

The Parties have agreed that the Property lease cost per month, in accordance with Report No. IO-1215-12 dated 07.12.2015 drawn by Labrium Consulting, LLC shall be equal to 2,700 (Two thousand seven hundred) RUB inclusive of VAT(18%) - 411 (Four hundred and eleven) RUB 86 kopecks.

In total, the cost under the Contract shall be equal to 29,700 (Twenty-nine thousand seven hundred) RUB 00 kopecks inclusive of VAT (18%) - 4,530 (Four thousand five hundred and thirty) RUB 51 kopecks.

Lease term:

The lease terms shall be established from January 01, 2016 to November 30, 2016.

Validity term of the Contract:

The Agreement shall take effect fromthe moment of signature by empowered representatives of the Parties, cover the Parties' relationships having originated since January 01, 2016 and be effective till November 30, 2016.

Neither Party having claimed its termination in writing at least 3 (three) months prior to expiry of the validity term of the Contract, the Contract shall be deemed extended without date.

ISSUE NO. 10: On endorsement of the contract for lease of immovable properties (non-residential premises in the office building) between IDGC of the North-West,PJSC and SO of UES, OJSC representing an interested party transaction.

Decision:

1. Specify that the amount of monthly rent under the contract for lease of the immovable properties shall be equal to 407,681 (Four hundred and seven thousand six hundred and eighty-one) RUB 60 kopecks inclusive of VAT 18% - 62,188 (Sixty-two thousand one hundred and eighty-eight) RUB 72 kopecks.

In total, for 11 (eleven) months the cost shall be equal to 4,484,497 (Four million four hundred and eighty-four thousand four hundred and ninety-seven) RUB 60 kopecks inclusive of VAT 18% - 684,075 (six hundred and eighty-four thousand and seventy-five) RUB 91 kopecks.

The total amount of rent for the whole of the validity term of the contract for lease of immovable properties (with account for its prolongation) shall not be equal to or in excess of 2 (two) per cent of the book value of the assets of IDGC of the North-West, PJSC according to their accounting statements as of the most recent reporting date.

2. Endorse the Contract representing an interested party transaction on conditions as follows:

Parties to the Contract:

IDGC of the North-West, PJSC - Lessor;

SO of UES, OJSC- Lessee.

Subject of the contract:

The Lessor shall deliver to the Lessee for temporary ownership and usage, subject to a valuable consideration, the buildings located in the office building at the address: Arkhangelsk, 3 Svobody str. The total area of rented buildings is equal to: in the substructural part of the building (Building No. 31 - 24.4 sq.m, 4th floor - Offices Nos. 401, 405, 406, 407, 408, 411 - 399.2 sq.m, in total - 423.6 sq.m).

Price of the contract:

The amount of monthly rent under the contract for lease of immovable properties shall be equal to 407,681 (four hundred and seven thousand six hundred and eighty-one) RUB 60 kopecks inclusive of VAT (18%) - 62,188 (sixty-two thousand one hundred and eighty-eight) RUB 72 kopecks.

The price of the Contract does not include payment for provision of the immovable properties with utility services (heat supply, electric power supply, water supply and removal of utility fluids, disposal of solid domestic waste). Payment for provision of the immovable properties with utility services is a variable part of the rent and is calculated in an amount proportional to the ratio of the area of immovable properties to the total area of the Building on the basis of documents evidencing expenditures of the Lessor on provision for utility services within the Building.

Lease term:

The lease terms shall be established from February 01, 2016 to December 31, 2016.

Validity term of the Contract:

The contract for lease of immovable properties shall take effect from the moment of signature by empowered representatives of the Parties, cover the Parties' relationships having originated since February 01, 2016 and remain in effect for 11 (eleven) months.

In case neither Party has applied to the other Party with a notice of refusal to extend the validity term of the Contract, amendment to its conditions or with a notice on conclusion of a new Lease Contract 60 (sixty) calendar days prior to expiration of the term of the Contract for lease of immovable properties, the Contract shall be deemed renewed for the next 11 (eleven) months.

ISSUE NO. 11: On endorsement of the contract for lease of movable properties (dispatcher board) between IDGC of the North-West,PJSC and SO of UES, OJSC representing an interested party transaction.

Decision:

1. Specify that the amount of monthly rent under the contract for lease of movable properties between IDGC of the North-West, PJSC and So of UES, OJSCshall be equal to 3,513 (Three thousand five hundred and thirteen) RUB 90 kopecks inclusive of VAT (18%) - 536 (Five hundred and thirty-six) RUB 02 kopecks.

The amount of rent for the whole term of lease shall be equal to 42,166 (forty-two thousand one hundred and sixty-six) RUB 80 kopecks inclusive of VAT (18%) - 6,432 (six thousand four hundred and thirty-two) RUB 24 kopecks.

The total amount of rent for the whole of the validity term of the contract for lease of immovable properties (with account for its prolongation) shall not be equal to or in excess of 2 (two) per cent of the book value of the assets of IDGC of the North-West, PJSC according to their accounting statements as of the most recent reporting date.

2. Endorse the Contract representing an interested party transaction on essential conditions as follows:

Parties to the Contract:

IDGC of the North-West, PJSC - Lessor;

SO of UES, OJSC- Lessee.

Subject of the Contract:

The Lessor shall deliver to the Lessee for temporary ownership and usage the movable properties (hereinafter - the "Property") according to the List of the movable properties forming an integral part of the Contract (Appendix No 1), such movable properties situated within PrеmіsеsNo. 411 in the fourth floor of the Lessor's building located at: 163000, Arkhangelsk, 3 Svobody Str., for usage aimed at organization of operational dispatch management within the territory of Arkhangelsk Region while the Lessee shall accept the properties and timely pay the rent following the procedure and on the conditions set forth by the present Contract.

Price of the contract:

The amount of rent for the whole term of lease shall be equal to 35,734 (Thirty-five thousand seven hundred and thirty-four) RUB 56 kopecks plus VAT (18%) - 6,432 (Six thousand four hundred and thirty-two) RUB 24 kopecks. The total sum inclusive of VAT shall be equal to 42,166 (Forty-two thousand one hundred and sixty-six) RUB 80 kopecks.

The monthly rent shall be equal to 2,977 (Two thousand nine hundred and seventy-seven) RUB 88 kopecks plus VAT (18%) - 536 (Five hundred and thirty-six) RUB 02 kopecks. The total sum inclusive of VAT shall be equal to 3,513 (three thousand five hundred and thirteen) RUB 90 kopecks.

Lease term:

01.01.2016 - 31.12.2016 inclusive.

Validity term of the Contract:

The Contract shall take effect from the moment of signature by the Parties and remain in force until complete discharge of obligations under the Contract by the Parties.

The Contract conditions shall cover relationships of the Parties having originated since 01.01.2016.

ISSUE NO. 12: On endorsement of the contract for operational maintenance of power-generating equipment between IDGC of the North-West, PJSC and Lenenergo, PJSC representing an interested party transaction.

Decision:

1. Specify that the price of the contract for operational maintenance of power engineering equipment between IDGC of the North-West, PJSC and Lenenergo, PJSC (hereinafter - the "Contract") shall amount to 168,857 (One hundred and sixty-eight thousand eight hundred and fifty-seven) RUB 20 kopecks inclusive of VAT (18%) - 25,757 (Twenty-five thousand seven hundred and fifty-seven) RUB 88 kopecks monthly.

2. Endorse the Contract representing an interested party transaction on conditions as follows:

Parties to the Contract:

Customer -IDGC of the North-West, PJSC;

Performer - Lenenergo, PJSC.

Subject of the Contract:

The Customer shall assign and the Performer shall assume the obligations to carry out operational maintenance (out of the Customer's funds) of the power engineering equipment located at Podborovye110 kV substation (Leningrad Region, Podborovye) (equipment of the 110 kV outdoor distribution gear of Podborovyesubstation (except for power transformers Т-1, Т-2), service transformers TSN -3, TSN-4, cable lines from TSN-3, TSN-4 to the service panels and all the connections to the AC board, the SCB with the control panel, the protection panel, the AC/DC boards, the accumulator battery, the communication apparatus beneficially owned by IDGC of the North-West, PJSC.

Price of the Contract:

The price of the Performer's services under the present Contract shall be equal to 168,857 (one hundred and sixty-eight thousand eight hundred and fifty-seven) RUB 20 kopecks inclusive of (VAT 18%) - 25,757 (twenty-five thousand seven hundred and fifty-seven) RUB 88 kopecks monthly.

Services provision term:

From January 01, 2016 to December 31, 2016.

The Contract may be prolonged by Supplementary Agreements.

Validity term of the Contract:

This Contract shall become effective after signing by the Parties and is valid until December 31, 2016. The Contract shall cover relationships of the Parties having originated since 01.01.2016.

In case neither Party has claimed termination of the Contract or amendment o its condition a month before the Contract expiration, this Contract shall be deemed extended on the same conditions until the end of the calendar year.

ISSUE NO. 13: 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 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 the Company in Q1 2016":

"Approve of the report on execution of the Company's Business-Plan in Q1 2016, the major indicators being as follows (thousand RUB):

Indicators Q1 2016 Plan Q1 2016 Actual

Proceeds 1,969,676 2,019,320

Prime cost 1,949,374 1,975,069

Gross profit 20,301 44,251

Net profit 1,307 2,444

2. Instruct 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 the Company in Q1 2016":

"Approve of the report on execution of the Company's Business-Plan in Q1 2016, the major indicators being as follows (thousand RUB):

Indicators Q1 2016 Plan Q1 2016 Actual

Proceeds 70,767 75,172

Prime cost 68,164 69,105

Gross profit 2,603 6,067

Net profit -493 2,090

3. Instruct 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 LesnayaSkazka, OJSC:

- on agenda issue "On approval of the report on execution of the Business-Plan of the Company in Q1 2016":

"1. "Approve of the report on execution of the Company's Business-Plan in Q1 2016, the major indicators being as follows (thousand RUB):

Indicators Q1 2016 Plan Q1 2016 Actual

Proceeds 1,071 1,071

Prime cost 709 854

Gross profit 362 217

Net profit 467 250

2. Take notice of underperformance of the "Net profit" indicator following the outcome of operation of the Company in Q1 2016 by 217 thousand RUB or by 46% (planned - 467 thousand RUB, actual - 250 thousand RUB)".

3. Instruct the General Director of the Company to ensure achievement of the parameters of the Company's approved business plan for 2016-2020 following the outcome of 2016".

ISSUE NO. 14: On approval of the corrected Business Plan of IDGC of the North, PJSC Group for 2016 and the forecast for 2017-2020 (aggregated based on RAS principles and consolidated based on IFRS principles).

Decision:

Approve of the corrected Business Plan of IDGC of the North, PJSC Group for 2016 (aggregated based on RAS principles and consolidated based on IFRS principles) and the forecast performance indicators for 2017-2020 in accordance with Appendices Nos. 5,6 to this decision of the Board of Directors of the Company.

ISSUE NO. 15: On determination of the attitude of the Company's representatives concerning the issues on the agenda of general meetings of shareholders and of sessions of the Board of Directors of subsidiary companies of IDGC of the North-West, PJSC (on issues: on approval of corrected business plans of SDCs of IDGC of the North-West, PJSC for 2016-2020; on approval of corrected Prospective development plan of Pskovenergosbyt, JSC for 2014-2018 with extension to 2020).

Decision:

1. Instruct 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 issue "On approval of the corrected Business Plan of Pskovenergoagent, OJSCfor 2016":

Approve of the corrected Business Plan of Pskovenergoagent, OJSCfor 2016 and take under advisement the forecast performance indicators for the period of 2017-2020 inclusive of the following core indicators in 2016:

Indicators planned in 2016, thousand RUB:

Proceeds 278,277

Prime cost 266,056

Gross profit 12,221

Net profit 516

2. Instruct 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 issue "On approval of the corrected Business Plan of Pskovenergosbyt, OJSCfor 2016":

1. Approve of the corrected Business Plan of Pskovenergosbyt, OJSCfor 2016 and take under advisement the forecast performance indicators for the period of 2017-2020 inclusive of the following core indicators in 2016:

Indicators planned in 2016, thousand RUB:

Proceeds 7,052,997

Prime cost 6,985,544

Gross profit 67,453

Net profit 4,409

2. Instruct the Sole Executive Body of Pskovenergosbyt, OJSCto ensure implementation of additional measures aimed at enhancement of efficiency of activities of Pskovenergosbyt, OJSCinclusive of those aimed at improvement of financial condition of the Company and at increase of financial result in 2016 from the implementation of activities in the field of electric energy sales.

.

2.3. Date of arrangement of the session of the Board of Directors of the Issuer whereat the relevant decisions were made: 07.06.2016.

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 dated 08.06.2016 No. 209/24.

3. Signature

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

D.A. Orlov

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

3.2. Date «09» June 2016

(signature)

L.S.

IDGC of the North-West JSC published this content on 10 June 2016 and is solely responsible for the information contained herein.
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