TGK 1 : TGC-1 held the Annual General Shareholders Meeting

The Annual General Shareholders Meeting of TGC-1 took place on June 19, 2017. Shareholders approved the Company's Annual Report and Financial Statements for 2016, including the Company's P&L Statements and profit distribution for 2016.

Revenue of TGC-1 in 2016 amounted to RUB 74 billion 511.5 million, gross profit - RUB 9 billion 453.5 million, net profit - RUB 3 billion 636.3 million.

The Annual General Shareholders Meeting resolved to send RUB 2 billion 123 million of net profit, received in 2016, to the accumulation fund for investment purposes and RUB 181.8 million to the reserve fund. Dividends for 2016 were paid to TGC-1 shareholders in the amount of RUB 0.000345336 per the Company's ordinary share in monetary form.

The Annual General Shareholders Meeting of TGC-1 elected the following members to the Company's Board of Directors:

1	Parviz Abdushukurov	Vice President, Deputy General Director for Operations - Chief Engineer of JSC Fortum
2	Alexey Barvinok	General Director of TGC-1
3	Yuri Eroshin	Vice President for Production and Trading Portfolio at JSC Fortum
4	Kari Kautinen	Senior Vice President for Mergers and Acquisitions, and Development of Solar and Wind Generation at Fortum
5	Irina Korobkina	Deputy Head of PJSC Gazprom Administration.
6	Kirill Seleznev	Member of the Management Board of PJSC Gazprom, Head of Department at PJSC Gazprom
7	Denis Fedorov	General Director of Gazprom Energoholding LLC
8	Alexander Chuvayev	Executive Vice President, member of Fortum Management Board, President Russia Division at Fortum, CEO of JSC Fortum
9	Pavel Shatski	First Deputy General Director of Gazprom Energoholding LLC
10	Igor Shatalov	First Deputy Head of the Department of PJSC "GAZPROM"
11	Alexander Shevchuk	Executive Director of the Professional Investors Association, Independent Director

The Audit Commission of TGC-1 shall include:

1	Denis Korshnyakov	Head of Long-Term Financial Investments Department at Gazprom Energoholding LLC
2	Anatoly Kotlyar	Head of PJSC Gazprom Administration
3	Yury Linovitsky	Head of Internal Audit Department, Gazprom Energoholding LLC, Internal Audit Project, Gazprom Personal LLC
4	Marat Salekhov	Head of PJSC Gazprom Administration
5	Alexander Yuzifovich	Deputy Head of Treasury Department, Gazprom Energoholding LLC

The Annual General Shareholders Meeting approved the new version of the Company's Articles of Association.

JSC BDO Unikon was approved as the Company's Auditor.

Reference

TGC-1 is the leading producer and supplier of electricity and heat in the Northwest of Russia. TGC-1 comprises 53 electric power plants within the four entities of the Russian Federation: St. Petersburg, the Republic of Karelia, the Leningrad Region and the Murmansk Region.

The installed electric power capacity of TGC-1 is 6.95 GW, heat capacity - 14.53 thousand Gcal/h. Major Shareholders: Gazprom Energoholding LLC (51.79%) and Fortum Power and Heat Oy (29.45%). The total headcount of the Company and its subsidiaries is about 7 thousand employees.