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- Results of the Board of Directors meeting Released 07:00 06-Mar-2020

RNS Number : 2587F

PJSC Inter RAO UES

06 March 2020

Results of the Board of Directors meeting of Inter RAO

Moscow, March 06, 2020 -Public Joint Stock Company 'Inter RAO UES' ('Inter RAO', 'Company', ticker on MOEX: IRAO), the largest diversified utilities holding in Russia, announces the results of the Board of Directors meeting of Inter RAO ('Board of Directors') held on March 05, 2020 in the form of absentee voting.

The Board of Directors considered and adopted the following resolutions:

1. Include the following nominees in the voting list of candidates for the election to the Board of Directors of Inter RAO:

- Boris I. Ayuyev - Chairman of the Management Board, SO UPS, JSC (nominated by Closed Joint-Stock Company «Leader» (Pension fund asset management company)).

- Andrei E. Bougrov^* - Member of the Management Board, Senior Vice-President of PJSC MMC Norilsk Nickel (nominated by Inter RAO).

- Anatoly A. Gavrilenko - General Director, CJSC Leader (nominated by Closed Joint-Stock Company «Leader» (Pension fund asset management company)).

- Boris Yu. Kovalchuk - General Director of PJSC 'Inter RAO' (nominated by JSC ROSNEFTEGAZ).

- Eugenie I. Logovinskii - Vice-President, CFO of NPF «GAZFOND» (nominated by Closed Joint-Stock Company «Leader» (Pension fund asset management company)).

- Alexander M. Lokshin^* - Member of the Management Board, First Deputy CEO for Operations Management, State Atomic Energy Corporation Rosatom (nominated by Inter RAO).

- Andrey E. Murov - Chairman of the Management Board, PJSC FGC UES (nominated by PJSC FGC UES).

- Aleksey V. Nujdov - Senior Vice-President of NPF «GAZFOND» (nominated by Closed Joint-Stock Company «Leader» (Pension fund asset management company)).

- Ronald (Ron) J. Pollett^* - Vice-President of GE, President & CEO, GE in Russia & CIS (nominated by Inter RAO).

- Elena V. Sapozhnikova* - Partner Digital Horizon (nominated by Inter RAO).

- Igor I. Sechin - Chief Executive Officer, Chairman of the Management Board of Rosneft (nominated by JSC ROSNEFTEGAZ).

- Denis V. Fedorov - Head of Department, PJSC Gazprom (nominated by Closed Joint-Stock Company «Leader» (Pension fund asset management company)).

- Dmitry E. Shugaev - Director of the Federal Service for Military-Technical Cooperation (nominated by JSC ROSNEFTEGAZ).

^* candidate for the position of Independent Director.

2. Include the following nominees in the voting list of candidates for the election to the Revision Commission of Inter RAO:

- Gennady I. Bukayev - Chief executive officer of JSC ROSNEFTEGAZ, Vice-president- Head of Internal Audit, Rosneft (nominated by JSC ROSNEFTEGAZ).

- Tatiana B. Zaltsman - Head of the Department of company economic planning, PJSC 'Inter RAO' (nominated by Inter RAO).

- Svetlana N. Kovaleva - Director of Internal Audit - Head of Internal Audit Department of PJSC FGC UES (nominated by PJSC FGC UES).

- Igor V. Feoktistov - Security Director of PJSC FGC UES (nominated by PJSC FGC UES).

- Yekaterina A. Snigireva - Deputy head of the division of the Department of property relations of privatization of the largest organizations of the Federal Property Management Agency (nominated by JSC ROSNEFTEGAZ).

3. Note that there were not received proposals for including the items in the agenda of the Annual General Shareholders Meeting of Inter RAO.

4. Instruct the Committee on nominations and remunerations of the Board of Directors of Inter RAO in the period up to March 31, 2020 to analyze the professional qualifications and independence of candidates nominated to the Board of Directors of the Company and to form recommendations to shareholders in respect of voting on the election of candidates to the Board of Directors.

5. In order to comply the requirements of the Listing rules of Moscow Exchange and the provisions of the Corporate Governance Code recommended for application by the Bank of Russia, to propose to the shareholders, at the Annual General Shareholders' Meeting to vote for the election of members of the Board of Directors in such a way as to balance the composition of the Board of Directors, in terms of experience and qualifications, and election to the Board of Directors not less than 3 (three) candidates who meets the requirements of independence of Directors.

6. Propose to the Annual General Shareholders meeting of the Company to elect the candidates specified in paragraph 2 of this decision to the Audit Commission of the Company.

The foregoing information is disclosed in compliance with the Securities Act of the Russian Federation.

For further information, please contact Inter RAO:

Larisa Sadovnikova Head of Investor Relations [phone] (ext. 2068)

[e-mail]

Nikolay Gorelov Press Secretary [phone] (ext. 2010)

[e-mail]

Svetlana Sidelnikova Head of Corporate Relations and Antitrust Compliance

[phone] (ext.2081)[e-mail]

Inter RAO is a diversified utilities holding headquartered in Moscow and managing assets in different countries. The company produces and sells electric energy and heat, trades energy on the international market, and engineers, designs and builds generating assets. Inter RAO Group owns and operates approximately 31.9 GW of installed power generating capacity. Inter RAO corporate strategy is focused on making the company a global energy enterprise and a key player in the international energy market.

For further information seewww.interrao.ru

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Results of the Board of Directors meeting - RNS