Etalon Group PLC Board of Directors accepted the resignations of executive director Maxim Berlovich and non-executive director Oleg Mubarakshin, who decided to step down from the Board of Directors and its committees. Maxim Berlovich, who had served as Chairman of the Strategy Committee, decided to leaveEtalon Group and the Company's Board of Directors in order to focus on his own projects. Oleg Mubarakshin's departure from the Strategy Committee as well as the Remuneration and Nomination Committee is related to his earlier decision to resign from PJSFCSistema.

The Board of Directors proposed that Gennadiy Shcherbina, Etalon Group's Chief Executive Officer, be appointed Chairman of the Strategy Committee. In order to maintain broad representation on the Strategy Committee, the Board of Directors nominated Petr Kryuchkov, who has been in charge of strategic development at Etalon Group since 2020, as a member of the Strategy Committee. Taking the above changes into account, the current membership of the Board of Directors and its committees is as follows.

Board of Directors of Etalon Group: · Sergey Egorov, Chairman of the Board of Directors, non-executive director; · Gennadiy Shcherbina, Chief Executive Officer of Etalon Group; · Dennis Vinokourov, non-executive director; · Alexander Voloshin, independent non-executive director; · Boris Svetlichny, independent non-executive director; · Marina Ogloblina, independent non-executive director; · Ganna Khomenko, independent non-executive director; · Charalampos Avgousti, independent non-executive director; · Vitaly Pyltsov, independent non-executive director. Strategy Committee: · Gennady Shcherbina, Chairman of the Committee and Chief Executive Officer of Etalon Group; · Sergey Egorov, non-executive director; · Dennis Vinokourov, non-executive director; · Artyom Zasursky, Vice President for Strategy and Development at PJSFC Sistema; · Marina Ogloblina, independent non-executive director; · Petr Kryuchkov, Etalon Group's Deputy CEO for Corporate Investment and Strategy. Remuneration and Nomination Committee: · Sergey Egorov, Chairman; · Ganna Khomenko, independent non-executive director; · Charalampos Avgousti, independent non-executive director.

Audit Committee: · Vitaly Pyltsov, Chairman; · Boris Svetlichny, independent non-executive director; · Ganna Khomenko, independent non-executive director. Investor Relations and Information Disclosure Committee: · Petr Kryuchkov, Chairman; · Dennis Vinokourov, non-executive director; · Boris Svetlichny, independent non-executive director.